- As the cryptocurrency market continues to evolve, 2024 is anticipated to be a pivotal year for altcoins.
- Layergg has identified a set of seven altcoins expected to perform strongly in the latter half of 2024 or early 2025.
- “These handpicked altcoins include ZK, ZRO, MKR, IO, LISTA, AERO, and JTO,” said Layergg in their recent report.
Discover the most promising altcoins poised for a breakout in 2024. Stay ahead of the market with Layergg’s expert analysis.
Layergg’s Top Altcoin Picks for 2024
Layergg, a leading crypto analysis firm, has released a list of altcoins they believe are set for significant growth in the second half of 2024. The firm projects major movements in the cryptocurrency market, emphasizing the potential of ZK, ZRO, MKR, IO, LISTA, AERO, and JTO.
zkSync (ZK): A Leader in zk-Rollups
zkSync is positioned as a pioneering force in the zk-Rollup arena. According to Layergg, zkSync is not only the first cryptocurrency in this domain but also one of the most promising investments as the market gears up for a bullish cycle. The emergence of numerous Layer 2 projects by 2025 further solidifies the potential of zk-Rollups to come out on top.
LayerZero (ZRO): Bridging the Gap
LayerZero has garnered substantial venture capital interest, thanks to its interoperability solutions. This technology plays a critical role in tokenization, offering significant adoption potential as evidenced by its collaboration with JP Morgan. Such partnerships highlight the growing institutional acceptance of LayerZero’s technology.
io.net (IO): Revolutionizing AI with Decentralized Computing
Artificial intelligence remains one of the foremost narratives in technology today. io.net is making waves with its decentralized GPU computing capabilities, allowing investments in AI, gaming, and DePIN simultaneously. Despite having a lower market share compared to rivals, io.net stands out for its high-quality offerings.
ListaDAO (LISTA): Navigating Regulatory Waters
Amid reducing SEC pressures and the dismissal of many claims against Binance, ListaDAO is well-positioned to benefit from a rising BNB chain. Historically, Binance Launchpad and Launchpool projects have yielded significant returns, and ListaDAO may follow this trend during the upcoming market cycle.
MakerDAO (MKR): Consistency in a Volatile Market
MakerDAO (MKR) continues to rank among the top-performing crypto applications, trailing only ETH and SOL in terms of revenue. Its stable income stream makes it a reliable component of any diversified crypto portfolio.
AerodromeFi (AERO): Tapping into Coinbase’s Ecosystem
AerodromeFi is set to thrive with Coinbase’s extensive customer base. Ongoing investments by Coinbase Ventures are positioning Aerodrome as a leading large-cap altcoin on Base Chain. This alignment with Coinbase leverages AERO’s potential for substantial user adoption and growth.
Jito (JTO): A Vanguard in Solana’s Ecosystem
Jito is poised to capitalize on the optimistic outlook surrounding Solana ETF towards the end of the year. Capturing nearly half of Solana’s liquid staking token (LST) market share, Jito generated $176 million in revenue last year. Its ambitious plans in Solana Restaking underline its undervalued position compared to giants like LDO and AAVE.
Conclusion
Layergg’s comprehensive analysis indicates a fruitful period ahead for select altcoins, with strategic investments potentially reaping significant rewards. By focusing on zkSync, LayerZero, io.net, ListaDAO, MakerDAO, AerodromeFi, and Jito, investors can position themselves advantageously for the anticipated altcoin rally in 2024-2025.
