As we enter into the last quarter of 2024, cryptocurrency investors are on the lookout for promising investments that could turn a profit before the end of the year. While the year has indeed been profitable, the market has been on a halt since March when the total crypto market capitalization saw its second-highest-ever recorded price of $2.721 trillion.
This slowing down of the market has led investors to look for promising projects capable of turning a profit by the end of the year. While top currencies like Bitcoin and Ethereum may seem more “secure’ the fact of the matter is that they fail in comparison to what ‘riskier’ assets may increase in a short time frame.
Luckily for us, the market presents plenty of promising options for investors looking to turn a profit by 2025, or even find new and exciting projects that could one day result in 100x yields.
Tron ($TRX)
Tron is a blockchain-based decentralized platform designed to build a free, global digital content entertainment system with distributed storage technology. The project was built by Justin Sun in 2017—looking to allow easy and cost-effective sharing of digital content in the crypto world.
Tron’s token TRX showcases an incredible performance in 2024. Currently valued at $0.154— the asset is up 22.96% over the past month, and a whopping 100% increase over the past 364 days.
With the current trading near its 2021 ATH of $0.2096—many expect to see TRX retesting that zone by the end of the year. If that were to happen, investors acquiring the token at the current price would see a 36% increase in their investments.
Recent news corroborates the idea of a continuing upward trend for Justin Sun’s project. On top of the fact that memecoins like SUNDOG and IVFUN have been doing well on the blockchain— TRON has demonstrated significant growth with notable increases in active accounts, new accounts, and transactions.
Rundown
- Token:
- TRX
- Current Price:
- $0.154
- Growth Potential by End of the Year:
- Potential to retest 2021 ATH of $0.2096 / Estimated 36% increase if ATH is reached
TL;DR
- TRX is up 22.96% in the past month and 100% over the past year. With its current price close to its 2021 ATH, there’s a strong chance it could see a 36% growth by year-end, driven by rising activity on the Tron blockchain.
Kaspa (KAS)
Kaspa is a decentralized cryptocurrency that utilizes a unique Directed Acyclic Graph (DAG) structure, enabling faster transaction processing and greater scalability compared to traditional blockchain systems. Launched with the vision of overcoming common blockchain limitations, Kaspa has quickly gained attention in the crypto world.
As of late August 2024, Kaspa (KAS) is trading at approximately $0.1616. The asset reached its all-time high (ATH) of $0.2021 on August 1st, 2024. Given its recent positive performance, there’s potential for today’s buyers to see a 25% increase in their investments if the token were to retest its ATH.
Recent developments support the bullish outlook for Kaspa. The project recently hosted its first Binance Live episode, which attracted 82,000 views and triggered a surge in daily trading volumes from 300 million UTXO to 1.2 billion UTXO1. This increase in market activity suggests growing interest and confidence in Kaspa’s unique technology.
Rundown
- Token:
- KAS
- Current Price:
- $0.1616
- Growth Potential by End of the Year:
- Potential to retest ATH of $0.2021
- Estimated 25% increase if ATH is reached
TL;DR
Kaspa (KAS) is trading at $0.1616, with a recent ATH of $0.2021. A return to its ATH would mean a 25% gain for investors. The project’s growing market activity, highlighted by its recent Binance Live episode, adds to the optimism around its potential.
Bitnance (BTN)
Still in its presale phase, Bitnance is seen as one of the projects with the most growth potential in the market today— when compared to already established assets.
The project is to serve as a 100% decentralized store of value native to the Binance Chain. With a total maximum supply of 10.5 million tokens, Bitnance is twice as scarce as Bitcoin, and approximately 2,342.86 times scarcer than Kaspa.
This scarcity is expected to be the driving factor for its growth after the scheduled December 5th ICO. As the token is introduced to the over 160 million BSC users worldwide, demand is bound to increase which could lead to significant value appreciation.
Part of BTN’s utility also lies in its ability to save money from investors who are looking for a reliable and deflationary store of value assets to keep their investments in. Usually, these traders have to move their unused assets to Bitcoin, which includes hefty cross-chain fees that they have to pay for.
With Bitnance, investors would cut fees from $32.00 to just $2.00 per transaction. This idea is especially true when accounting that the Binance crypto exchange is usually the ‘starting point’ of money entering the market.
The $BTN token is currently priced at $0.35 and is projected to reach $0.45 during its ICO on December 5th. Early buyers at today’s price could see a 28% gain on the first day of trading.
However, its growth potential would be seen in the days following its coin offering. Generally speaking, promising projects tend to grow a lot more on the days following their debut, and given Bitnance’s scarcity it would not take much for the currency to hit $1.00—a 185% increase— before the end of the year.
Rundown
- Token:
- BTN (Bitnance)
- Current Price:
- $0.35 (Presale)
- Growth Potential by ICO Date:
- Expected to reach $0.45 / 5% gain on investment
- Growth Potential by End of The Year:
- 185%
TL;DR
Bitnance ($BTN) is currently in its presale phase at $0.35. With an ICO price projection of $0.45 on December 5th, early investors could see a 28.5% gain. The token’s scarcity and utility as a store of value on the Binance Smart Chain make it a promising investment.