Ride the Wave of Wealth: 2024’s Ultimate Guide to Profitable Crypto Picks
Picking the right cryptocurrency or cryptocurrencies to invest in can turn you into a millionaire overnight. However, doing so is easier said than done, which is why we’ll give you some tips on crypto investing. Also, we’ll elaborate on the three cryptocurrencies that hold the most promise for 2024 – Algotech (ALGT), Arbitrum (ARB), and Ethereum Classic (ETC). Experts believe that all three tokens, ALGT, ARB, and ETC, are ready to explode in 2024, which is why most advise investors to buy them right now.
Algotech (ALGT) To Lead the Crypto Market With Its Algorithmic Trading Strategies
Algotech (ALGT) is an innovative algorithmic trading platform that allows investors with all kinds of backgrounds to get into successful crypto trading with minimal issues. To do that, Algotech operates on a powerful technical infrastructure and uses advanced machine learning and AI to analyze tokens and markets and give you the best investment opportunities.
Also, with Algotech, you won’t have to move a muscle when it comes to research and making trades, as everything is automated. All you have to do is buy ALGT tokens and choose an algorithmic strategy you want to follow, and the rest will be taken care of by Algotech. This crypto investing method is extremely efficient, as it removes the drawbacks of manual (traditional) crypto trading, which include slow execution speeds, emotional bias, clouded judgment, inconsistent performance, limited analytical capacity, and burnout.
The algorithmic strategies that you can choose from with Algotech include trend following, breakout trading, arbitrage, mean reversion, bull market, bear market, and sideways market strategies. No matter which strategy you choose, you’ll be able to create a passive income stream for yourself, as it pays out dividends to its users, which are a set percentage of the 30% performance fee that Algotech takes.
Algotech’s strategies are reliable and well-structured, as they are built upon extensive data analysis and quantitative research. They leverage historical data and real-time market information to make well-informed decisions and smart trades. So, all the trades that will be undertaken within your portfolio with Algotech (ALGT) will take both real-time situations and historical events into consideration, which is critical for investing and trading.
However, the benefits that Algotech (ALGT) holders will get don’t stop there. Namely, Algotech (ALGT) also comes with blazing-fast executions, precise strategies, the ability to analyze massive amounts of data in minutes, increased trading efficiency, improved risk management, consistency, data and logic-driven decision-making, voting governance rights and partial ownership of the Algotech software for early ALGT investors, and more.
The Algotech token, called ALGT, is set to go from the $0.04 mark it started with in the seed stage to $0.15 in the launch stage. This marks 275% returns for early ALGT adopters, with each following stage also providing big returns for ALGT holders. Analysts believe that ALGT will only go up once it hits exchanges, predicting even larger returns for all holders in the near future.
Arbitrum (ARB) With Bullish Predictions as December Ends
Analysts and experts have been coming out with overall positive price predictions for Arbitrum (ARB) after the token managed to snag a 45.26% price increase in the past 30 days. The overall bullish sentiment has Arbitrum (ARB) holders holding their breath, with many expecting ARB to reach an all-time high sometime in the next year.
However, the recent surge in Arbitrum (ARB) price isn’t the only reason behind these predictions. Namely, ARB managed to break out from its resistance level in December, turning it into a new support level as it did so. Also, the lack of resistance makes many believe that Arbitrum (ARB) could become parabolic and continue growing even after it reaches an all-time high.
Another reason why many believe that Arbitrum (ARB) will continue its bullish rally in 2024 is the surge in the Ethereum ecosystem. Namely, Ethereum’s scaling has become an urgent issue, which shines the spotlight more on layer-2 solutions like Arbitrum. Thus, many believe that Arbitrum (ARB) will play a major role in Ethereum’s scaling, which would push the ARB price further.
At the moment, Arbitrum (ARB) is trading at $1.46. The price wave that we’ve been seeing for Arbitrum (ARB) indicates that it is in the third wave of a five-wave upward swing, which further suggests that there’s a lot more room for growth. With this in mind, some experts say that ARB might trade at $2.25 next year.
Ethereum Classic (ETC) To Return Full Swing in 2024
Ethereum Classic (ETC) has had a slower month compared to its rivals, managing to boost its price by 19.50% on a monthly basis. The spike in price was largely due to Ethereum Classic’s announcement that it is gearing up for a “Spiral” upgrade. This inspired investors to buy up ETC tokens, prompting the price to go up.
However, the “Spiral” upgrade is set to bring in more than a temporary price boost. Namely, it will align the Ethereum Classic (ETC) chain with the Ethereum mainnet and is set to be activated at block 19,250,000.
The surge after this announcement was short-lived, followed by a decrease. However, after that, Ethereum Classic (ETC) received a bullish rating, signaling that Ethereum Classic (ETC) bulls are getting ready for big moves soon. If the bulls prevail, which many think they will, Ethereum Classic (ETC) could surge to $24.14 and even $29.23 during 2024.
Currently, Ethereum Classic (ETC) is trading at $23.70, a 7.77% increase on the monthly stats. Experts are saying that this could be the perfect opportunity for people to stack up on Ethereum (ETC) tokens before the expected bull rally prevails and takes Ethereum Classic (ETC) to $24.14 and beyond. However, if Ethereum Classic (ETC) bulls don’t prevail, which is still a possibility in the ever-volatile crypto climate, ETC holders could see a drop to around $19 before ETC comes back up again.
Investing for Beginners
Now that we’ve shed more light on the three most promising crypto investments for 2024, we’ll walk you through some tips about investing in crypto as a beginner.
The first and foremost thing you should focus on is diversifying your crypto portfolio. This mitigates risk greatly and allows you to keep going even if one of your investments crashes and burns. To diversify your portfolio, you need to invest in a few different tokens, preferably ones that aren’t direct competitors with each other. So, invest in crypto, De-Fi projects, Web3 projects, altcoins, etc.
Next, we want to advise you not to wait until you have a significant amount of cash at hand. Sure, investing big = winning big is a thing, but not everyone can do that, and there’s no reason for this to be your barrier to entry into the crypto sphere. Namely, you can start off small, buying fractions of tokens and putting in more money when you have it and when the market climate is right.
Buying and holding, as well as DCA (Dollar Cost Averaging), are great strategies for beginners who don’t know how to analyze the market and sentiment yet. Buying and holding involves purchasing coins and holding them for a longer term, waiting for them to gain more traction and increase in price.
DCA (Dollar Cost Averaging) is a strategy where you invest a pre-determined fixed amount of money in specific coins over a set time period. This could be on a weekly basis, monthly basis, bi-monthly basis, etc. This is especially great for beginners who don’t have large budgets to invest with every month.
Another great tip we have for beginners is to engage in copy trading. Copy trading has existed ever since traditional investing became available for people who don’t work in that sector and has since spilled over into the crypto world. It involves finding a crypto trader who has been doing well with trades and copying what they do. Think of it as learning from the best. This strategy allows you to make more confident and sound investments while also learning more about crypto trading in general.
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