2021 was a big year for cryptocurrencies, especially Binance Coin (BNB). BNB skyrocketed over 100% between February 12 and 17, overtaking Tether (USDT) to become the third-largest cryptocurrency for the first time. Two years later, Tether has reclaimed its position, but Binance Coin (BNB) remains pivotal to the cryptocurrency ecosystem, ranking fourth.Three crypto assets have recently been giving signals of a parabolic rise similar to BNB’s in 2021. Solana (SOL), Cardano (ADA), and Retik Finance (RETIK) have been gathering momentum in the market, signalling a breakout in 2024.
Let’s evaluate each and see what’s pushing them higher and which will rise to Binance Coin’s level in 2024.
Click Here To Take Part In Retik Finance Presale
Binance Coin (BNB) Performance
Binance Coin (BNB) is the native cryptocurrency of the BNB chain ecosystem, including Binance, the world’s biggest central cryptocurrency exchange. BNB launched as an Ethereum token in 2017 before migrating to its own blockchain in 2019. The current price of Binance Coin (BNB) is $244.9, with a market cap of $37.14 billion. BNB is trading around the same price it was 30 days ago, having traded sideways throughout the month. In the last year, Binance Coin has been outperformed by 92% of the top 100 cryptocurrencies. Its price has slipped by 2.1% during the same period.
Solana (SOL) and Its Booming Ecosystem
Solana (SOL) has recently been on a tear, rallying over 270% in the past three months. Solana’s recovery started late in October, on the heels of the annual Solana conference, and has extended into the third week of December, rising from $20 to $72.21.This rise can partially be attributed to increased developer and user activity within the Solana ecosystem. Several ecosystem projects have conducted airdrops, boosting liquidity within Solana and drawing airdrop farmers to other projects. The coin also seems to have recovered from last year’s slump that sent its price to a cycle low of $8. Solana was heavily hit after the collapse of FTX exchange, a major holder of SOL, late last year.
Cardano (ADA): Growing DeFi Ecosystem
Cardano has also been in recovery mode throughout 2023, recording a price increase of 128% since the year began. Cardano’s rebound is part of the overall market recovery.Cardano, like Solana, is a Layer-1 blockchain platform. In 2021, Cardano rolled out smart contract technology. This kicked off a decentralized finance (DeFi) revolution within the ecosystem. Most recently, Cardano achieved another milestone, surpassing 78 million lifetime transactions. Cardano’s developer activity and total value locked (TVL) have also been on an upswing.
Click Here To Take Part In Retik Finance Presale
Retik Finance (RETIK): Revolutionizing global payments
Another crypto player buzzing with bullish activity is Retik Finace. RETIK has raised over $1 million within a week in its newly launched presale campaign. Stage one of the campaign saw investors gobble up 15 million tokens within 72 hours to raise $450,000. This success is largely due to the platform’s value proposition. Retik Finance (RETIK), an Ethereum-based DeFi platform, bridges digital finance with traditional finance, opening up new possibilities for cryptocurrency holders.One of its standout features is Retik DeFi debit cards. These cards enable holders to spend cryptocurrencies on real-world expenses like grocery shopping, even at locations that do not accept crypto payments. A partnership with Mastercard and Visa facilitates on-site cryptocurrency-to-fiat currency conversion. The cards can also be used for withdrawals at ATMs worldwide. And did I mention every expense is being charged directly to your linked digital asset? Crypto holders no longer have to go through lengthy and expensive crypto-to-fiat conversion methods like Binance. Retik Wallet facilitates easy fund management and seamless conversions. But that’s not all; users can access all traditional DeFi activities, such as swapping, staking, lending, and borrowing—all within this one wallet application. The wallet has been named one of the most secure, sporting a combination of artificial intelligence (AI) and traditional two-factor authentication (2FA).Retik Finance doubles down on AI use with its lending platform. It is the first AI-powered peer-to-peer lending platform. The platform uses machine learning technologies to match lenders and borrowers and elevate the experience to avoid issues such as loan defaults associated with conventional models.Another cutting-edge feature is RetikPay, a blockchain-based payment system designed to provide a safe landing for businesses looking to integrate cryptocurrency payments. It is significantly cheaper than traditional platforms and easy to use with existing e-commerce platforms. Retik Pay’s global reach makes it the ideal payment system for international commerce.Retik’s success is set to continue beyond its presale. The token will outperform not only Binance coin but also Solana and Cardano. One major downside to buying tokens like BNB, SOL, and ADA is “bag holders” from the previous bull run. These are investors who bought high before prices fell during the 2021 bull run and are hoping to break even this cycle. Retik Finance, on the other hand, has a small market cap, no bagholders, and immense potential. If any token replaces Binance Coin in 2024, it will be Retik Finance (RETIK).Retiks’s presale campaign is ongoing and filling up fast. This is your opportunity to get in on the ground floor of a potential market titan.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):
Website: https://retik.com/
Linktree: https://linktr.ee/retikfinance
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.