Steemit Crypto Academy Contest / S14W6 - Future of cryptocurrencies
Which cryptocurrencies under $ 1 can have the best performance in 2024? Choose a cryptocurrency by its fundamental analysis. Would you recommend buying this cryptocurrency?
Provide the step-by-step to buy the selected cryptocurrency. Show screenshots.
What is the future of STEEM in 2024? Give your own opinion, you can project the price of STEEM, making your own analysis.
Is the future of cryptocurrencies promising? Explain. Show data on the adoption of cryptocurrencies in the world. Give your own opinion.
As always I want to thank the professor for such powerful contest topic that could change one life, the ability of finding a coins early is very essential skill that everyone should use their whole energy to research because only one early signal would change life's.
.png)
Because of popularity and fundamental crypto information, 2024 would definitely be a bullish year. In fact I smiled when seeing this contest question because I spent my new year researching cryptocurrencies that have high potentials to go at least 100x before the end of the year. From my discovery and research I discovered a lot of coins that would make immense profit this year though I'm not yet sure if you reach and 100x before the end of the year.
To be sincere what triggered and inspired me to put more energy and discovering and researching about cryptocurrencies with high potentials was the surprise spike in the price of Solana and TRB, and I said
to myself I will not let such opportunity pass me by again.
For my research I discovered some powerful cryptocurrencies that have high potentials because of their fame, their use cases, adaptability, were they are positioned in the ranking of best performing cryptocurrency, how they behave in response to the price and trend of Bitcoin in a period of time and finally they are fundamentals that is to say how tradeer hope and believe in the potentials of this crypto. All this were my basis I used to rate this coins in the market.
The first on the list is Tron (TRX) at this time we all know that Tron is another powerful coin that has a high potential of going very well, that is to say it might be one of the bullish trending crypto before the end of the year, Tron who is owned by Justin Sun has been on their toes for years with so many new innovations and important use cases.
Tron has its own Blockchain technology with so many tokens but leaving Tron as their native and primary token, Also Tron have become one of the move famous cryptocurrency known world wide which gives it a higher chance of having more buy pressure very soon
As you can see TRX acted in respect to Bitcoin bullish movement, which proves the benefit of the Bitcoin halving would also affect the prices of TRX/USDT
Before I continue you might be wondering why I am using Bitcoin halving as a backup to my predictions and analysis, according to history there is high chances of a massive bullied trend this year as a result of Bitcoin halving so therefore crypto acting irrespective to Bitcoin trends would also pump bullish.
As I was say Tron is ranged 12 in the ranking of coins in the crypto market and most coins in the top 30 list have crossed the value of $1, so therefore there is high chances tron would decide to join it's mate with their price value range.
The second on my list is known as SHIBA Inu, Shiba is another cryptocurrency famous for years previous bullish trend in the past years, Shiba also have many use cases which makes it very powerful and influencial in the crypto ecosystem just like Tron Shiba have been working so hard to get to a better sport in the crypto ecosystem
The main reason why I chose SHIBA Inu is that SHIBA Inu recently came up with a plan and a new blockchain known as shibarium network, this network would help utilize the use of SHIBA in the crypto market because it ends at supporting The Creation of new nfts which therefore brings more use cases of Shiba coin over a period of time. Thou Shibarium have not officially come out but there are news saying we should expect it this year, These fundamental alone have high chances of spiking the price of Shiba into another range.
Just like Tron blockchain SHIBA is 16th in the ranking of awesome cryptocurrency, and when you check the price of surrounding coins you see most of them are above $1 price range to therefore it's all this fact I suspect SHIBA Shiba Inu would be motivated to meet up with it's mate.
The third reason is Shiba Inu also react the price of Bitcoin so therefore making me Believe there is high chances Shiba Inu coin would be affected by the upcoming Bitcoin having, if goes as plan, ever body is expecting a bullish trend after the Bitcoin halving and if Bitcoin goes bullish Shiba Inu has chances of going bullish.
The third on my list is XRP coins is powerful and influential because of it use case, the main goal for creating XRP is to produce or assist the financial world by enabling or bringing to life faster transaction speed than expected or than the usual transaction speed and also help reduce gas fees or transaction fees to make transactions faster and cheaper for everyone
Also after winning the court case which almost caused so much on the price and value of XRP, they are high chances that more people would adopt this project because they believe it's very legit and legally secured for all who invest/adopt it needs also they believe since they had issues with a court they will try their best to be on the right track and recover their previous lost in price this bullish year.
The third reason why I choose this coin XRP is like most coin that also react to the movement of Bitcoin, so therefore if they bitcoin halving turns out to be successful and bitcoinnthrn a bullish trend should be seen on XRP.
As you can also see since it lost it balance, it has been testing the price 0.9151 line and hopefully it will met and break the resistance line over there
This questions useful and very smart because it is one thing to analyze a coin that have a bright future and it is another thing to take the step forward and buy and hold this coin you believe in, the reason I said this is because I still feel pain because I analyzed and predicted Solana bullish trend but I was reluctant to take the move and buy Solana before it's new bullish movement. Buying these assets are not difficult or hard, by following few easy steps you can easily have this asset in your wallet.
Step1:
Most crypto exchanges have applications, so therefore I would advise you to go on Play store or any verified site and download this crypto exchange, in my example I will be using Bybit exchange to show how to buy these crypto asset.
Note: all the coins I listed are already listed on BYBit exchange, so you wouldn't be needing a web 3 wallet and all asset I listed can be bought in same format below 👇.
Step 2:
When you have successfully downloaded the application, ensure you register if you are a new user, otherwise login to have full access in the application and it's feature. When you have access, ensure you buy USDT or transfer in usdt. To do so I have already made a post to learn how to buy and sell USDT here.
When you have achieved this goal then you are expected to look below to see and click on Trade, this would take you too a new page.
Step 3:
You would be redirected to a page where you would have to fill some information like, if you want a market or limit order and the amount of XRP coins you wish to buy using your USDT.
When you are done click on buy button seen in green colors, and boom 🤯 the XRP coins would be seen in the wallet.
As you can see I am buying 8.2 XRP coins which is equivalent to 5.2 USDT.
Step 4:
You can check your wallet to confirm your trade went successfully and smoothly.
On my personal list, STEEM is the best coin to store because it have great potentials on going really far this year. As we have seen ending of the year steem blockchain experienced a come back to it previous market price 0.26, infact it is still in this price range and it has great potentials of going higher than and I believe it will reach at least $0.7 before the year ends.
Just like the other coins Steem also reacts to the price movement of Bitcoin, so therefore there are high chances that steem will also benefit from the upcoming Bitcoin halving. As I have said from analysis and experience there is high chances of seeing new highs on Bitcoin after the Bitcoin halving.
Also the steem blockchain has really been powerful and efficient in carrying out it duties, recently we see the STEEM blockchain making more improvement which is a good way to attract investors and developers into the Steem blockchain.
Very soon SBD would be fully back into blockchain and as we have experienced before there is an improvement membership and an account ownership or creation whenever sbd is back as rewards. In most times old accounts come back very active whenever there is is a news about sbd return and whenever there are more active accounts on steemit who hold steem the price of steem would definitely spike so high.
In conclusion the future of STEEM is very bright because there has been so much happening on the Blockchain technology for a long period, so therefore this improvement and fundamental will help Steem Blockchain achieve all its goals this year.
In the year 2021 the Federal Government Of Nigeria, Central Bank of Nigeria and SEC in Nigeria joined hand to Ban crypto related transactions but luckily on the 22th of December 2023, the the Federal Government Of Nigeria, Central Bank of Nigeria and SEC in Nigeria reversed their stand on crypto by uplifting it's ban on crypto currency in Nigeria Here's the full details of the news
Theses are some countries with the highest adoption of crypto currencies, although I also suspect that my data was influenced by the population of the world because the top 15 are part of the most populated countries in the world. My Data was gotten from buybitcoinworldwide.com
| No | Country | Adoption percentage in top 15 countries |
|---|---|---|
| 1 | India | Around 29% range |
| 2 | Nigeria | Around 27% range |
| 3 | Vietnam | Around 25% range |
| 4 | Australia | Around 22% range |
| 5 | Ghana | Around 20% range |
| 6 | Singapore | Around 20% range |
| 7 | Hong Kong | Around 18% range |
| 8 | Venezuela | Around 18% range |
| 9 | Brazil | Around 17% range |
| 10 | Indonesia | Around 16% range |
| 11 | Philippines | Around 16% range |
| 12 | Colombia | Around 15% range |
| 13 | Kenya | Around 15% range |
| 14 | Malaysia | Around 15% range |
| 15 | United States | Around 17% range |
Recently we are not new to the Bitcoin, ETF and SEC news most traders and investors believe everything would finally go in favor to the crypto ecosystem, so therefore causing another powerful bullish trend in the crypto market. So therefore all this fundamental factors surrounding this news would cause miraculous pumping when the time comes.
Most crypto investors and traders believes that SEC would act in favour of the Cryptocurrency, this alone did triggered some bullish trend in the crypto market last year and hopefully it would still pump the market in the nearest future.
The third reason I believe in crypto currency futures is the Bitcoin halving that has been trending in the crypto market, according to expert traders, crypto exchanges, crypto news platform and everywhere, there are news that history is about to re-occur in the crypto market. There are believing that Bitcoin would reach a new high high of about at least 80,000 dollar per Bitcoin and I believe that.
Same way I believe most people also believe, and this could also cause a very high buy pressure in the crypto market, which in turn would cause a bullish trend. The halving of Bitcoin is expected to reduce Bitcoin supply and increase it demands and every economics student understands what this means in the financial sector.
Bitcoin been the father of crypto currencies, have a very big influence in the crypto market, so therefore it could be triggering a massive profit in the market, if it goes bullish after the Bitcoin having. That was one reason i believe in the crypto successful future.
Thanks for going through, I would advise you to also do your own research before taking an step or action because despite the positive signals in the crypto ecosystem, there could be disappointment because the crypto ecosystem is very volatile. We are just hoping and please don't risk more than you can bear please, invest wisely.
Note: All images I didn't source, were taken from Bybit exchange, Binace exchange and Canva application on my device.
I am inviting my friends @sahmie @steemdoctor1 and @ngoenyi to paticipate I the contest,Once again thanks for going through, remember starrchris cares ❤️
I thoroughly enjoyed reading your comprehensive analysis of Potential cryptocurrencies Under $1 and your well- thought- out choices. Your insights into Tron (TRX) Shiba Inu and XRP are quite intriguing especially considering their Use cases market rankings and how they respond to Bitcoin's movements. Your step-by-step guide on buying these assets on Bybit is a valuable addition providing practical assistance for fellow enthusiasts.
Your optimistic outlook on the future of STEEM in 2024 backed by the historical context and Ongoing improvements in the Steem blockchain is both insightful and encouraging . Its evident you have put significant effort into your research and Your projections make for an interesting read.
Yes friend hopefully I pray they all come to past, I would be so happy seeing all this coins pass $1 price range in the nearest future. Thanks for acknowledging my post I appreciate.
TEAM 5
Congratulations! Your comment has been upvoted through steemcurator08.Thanks boss for supporting quality articles on steemit
Saludos cordiales amigo starrchris.
Felicitaciones por presentarnos un análisis bueno y sustentado de como el mundo criptográfico tendrá números positivos para este 2024, nos has dado 3 buenas criptomonedas que aparecen en muchas listas como oportunidades para invertir, en este caso TRX es una de las que mas llama la atención, pues se prevee que para este año su valor supere el valor de 1 $, lastima que ya no la recibimos acá en la plataforma.
Te deseo mucha suerte y bendiciones .
Yes friend TRX has great potentials to become of the greatest crypto in the world and I believe the stoppage of Tron supply on steemit is to help reduce its supply and increase its demand in circulation. Thanks for sharing your opinions.
I have more confidence in TRX, but more confidence in XRP and ADA. I think this is the best time for me to buy, as many people have predicted a positive performance for the coins you have shared with us. Nice post, and good luck to you.
Yea I could see you also analysed it in your entry and that's was amazing to see someone else sharing in my opinion and thoughts thank for sharing I appreciate 🙏 friend.
Wow, brother. That's some serious dedication and research you've been doing. It's exciting to hear that you believe 2024 will be a bullish year for cryptocurrencies. Researching coins with high potential for big gains sounds like a smart move. While we can't be 100% sure about reaching that 100x mark, it's always good to keep an eye on promising opportunities. Who knows, you might just uncover some hidden gems. Good luck on your crypto journey.
Yes I have been anticipating for this year and hopefully this year would make me proud, with new higher highs in the market. Thanks y commenting I appreciate your point of view.
I can say I share your excitement for this year. Here's to hoping that it brings us incredible success and achievements. I appreciate your kind words and I'm glad you value my perspective. Cheers to reaching new heights in the market.
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Thanks boss, you have been doing great on steemit
TEAM 5
Congratulations! Your comment has been upvoted through steemcurator08.Thanks my dear friend @josepha for rewarding my post, I appreciate your good work on steem blockchain.
Upvoted! Thank you for supporting witness @jswit.
Thanks friend I appreciate 🙏
Hello friend greetings to you, hope you are doing well and good there.
In the top list of holding for long time you have, TRX, Shiba Inu, and ADA. These are ofcourse the best projects and I believe they will perform very well in this year. I agree with you, these are the beautiful and strong projects. You have beautifully explained how to buy crypto currencies.
You have beautifully explained Steem Coin. You said at the end of the year we can expect that Steem price will touch 0.7 dollars. I believe it will cross even that level. It will touch UpTo $1.
I wish you very best of luck in this contest.
Yes friend just like most altcoins, steem has high potential of going bullish to above 1 dollar after the Bitcoin halving, thanks for going through my post bro.
I'm fully amazed at your efforts and time you sacrificed to make this post for your fellow crypto enthusiasts. Your post is well detailed, comprehensive, ananlysed and overall, giving quality answers to the questions.
I personally love the TRX coin for it fundamental features and it respond to the Bitcoin movements, showing how it is possible for it to reach the potential orice of $1 in 2024. I also have eyes on the Cardano (ADA) cryptocurrency which is below $1 at $0.632 trading price. I conducted an analysis on it and also saw it has the potential to do well... Luckily if our TRX rewards are being brought back we are on greater excitement as steemians if TRX reaches $1.
Predicting the price of any cryptocurrency is pretty tricky so as it is also on steems. Predicting the price of steems with analysis, it is not guarantee to see pure 100% accurate results. Just the way you analysed the bullish movement of the solana coin but you felt reluctant to purchase it... Maybe your instincts weren't convinced on having it lol ..
The Bitcoin has greater impacts on the crypto markets and so after the Bitcoin halving if it rallies up, we are expected to see all other coins do so as well.. such as Steem..
Thanks for sharing and Goodluck...
I also participated, have a look
https://steemit.com/hive-108451/@emmy01/steemit-crypto-academy-contest-s14w6-future-of-cryptocurrencies
This is such a amazing comment 🤩 about my post and I must so I believe your post would be more amazing and educative.
Thanks for going through remember starrchris cares ❤️