What cryptocurrencies could make us smile in 2024?

This will be the third blog post in the series. So far, I've shared my thoughts on XRP, ADA, INJ, AVAX, SOL, ARB, and RNDR, incorporating both your valuable insights and my own perspectives in two blog posts. I've decided to focus on the coins suggested by you, dear readers.
In my upcoming blog post where we'll delve into the cryptocurrencies, I want to issue a disclaimer. These thoughts are solely my own, formed by reading various news and articles, and analyzing charts. I am not advising you to invest in these coins under any circumstances. I'm merely sharing my optimism about these coins and writing these blog posts to encourage you to explore them as well.

Beware of danger!

1. Research Extensively: Before investing in any cryptocurrency, conduct thorough research. Understand the project, its goals, and the technology behind it. Investigate the team, partnerships, and community support.
2. Risk Assessment: Cryptocurrency investments come with risks. Be aware that prices are volatile, and market conditions can change rapidly. Only invest what you can afford to lose.
3. Diversify Your Portfolio: Avoid putting all your funds into a single cryptocurrency. Diversification helps spread risk. Consider allocating your investment across different projects to balance potential gains and losses.
4. Security Measures: Prioritize the security of your investments. Use secure wallets, enable two-factor authentication, and be cautious of phishing scams. Store your private keys offline and consider hardware wallets for added security.
5. Stay Informed: The cryptocurrency space evolves quickly. Stay updated on market trends, regulatory changes, and project updates. Regularly check reliable sources for news and be cautious of hype-driven investments.

Remember, these are general guidelines, and it's advisable to seek financial advice tailored to your specific situation. Investing in cryptocurrencies carries inherent risks, and due diligence is crucial.

Polkadot (DOT)

Polkadot positions itself as a next-generation blockchain protocol that successfully interconnects various chains serving specific purposes under a universal network. Founded by the Web3 Foundation, Polkadot is heavily focused on building infrastructure for Web 3.0, aiming to disrupt internet monopolies and empower individual users. Given the limitations of current blockchains, there are several fundamental issues that need to be addressed: scalability, customizability, interoperability, governance, and upgradeability. Polkadot effectively addresses scalability criteria by acting as a multi-chain network capable of processing transfers in parallel across different chains. This eliminates one of the significant obstacles currently facing blockchain technology, opening the way for broader global blockchain adoption. Those seeking customization can also benefit from some other features offered by Polkadot. Currently, there is no "single blockchain infrastructure that caters to all blockchains." Each project has its unique needs and requirements, but Polkadot allows developers to effectively adapt their chains to meet the project's specific needs using Substrate. With Bitcoin ready for a bull run in 2024 with multiple catalysts under hold, the Spot ETF approvals come first. Driving the altcoins for a new run, the market sustains a positive trend, with Polkadot becoming a notable performer awaiting a breakout rally.
Rising above the $8 mark, the DOT price is challenging the long-term supply hold at $8.35 while teasing a trend continuation beyond $10. Under such conditions, the market leads us to the question, “Is Polkadot a good investment?” 

This week, there are positive signals in DOT's price movement, suggesting a potential bullish trend and indicating the possibility of a breakout rally. DOT's price is currently maintaining its position above the 50-week EMA, accompanied by a notable 79% increase in intraday trading volume. If DOT manages to surpass the $8.35 level, it could initiate a rally with a target set at $12.
The recent surge in DOT's price, rising from $3.56 to $8.35, is attributed to the release of bullish momentum. Although there is a brief period of short-term consolidation, the support from the 50-week EMA becomes a game-changer.

Presently, DOT is trading at $8.20, reflecting an 18.84% growth for the week and forming a robust bullish candle. Consequently, buyers are anticipating a breakthrough beyond the resistance at $8.35.

In a bullish scenario for 2024, altcoins like DOT are anticipated to experience significant upward movement. Polkadot has its sights set on reaching $8.35, with the potential to extend further to $10. However, in the event of a market downturn, there might be a test of the 50-week EMA's strength or a retracement to the $6 zone.

Reference :DOT / TetherUS İşlem Fikirleri — TradingView -parkerbitcoin

"The levels of moving averages are looking quite promising. We have a strong support at $5.65, and it aligns well with the 200-day moving average. Over time, the average is expected to approach that level. I'm monitoring support levels in this manner. I have already mentioned in my previous analyses that I anticipate a correction." as said the user parkerbitcoin.

Cosmos (ATOM)

Cosmos is recognized as a decentralized, independent parallel blockchain network, with each supported by Byzantine Fault Tolerant (BFT) consensus algorithms like Tendermint. In other words, Cosmos forms a blockchain ecosystem that is scalable and interoperable, allowing different blockchains to work together. Before Cosmos, blockchains existed in isolated silos, unable to communicate with each other, and transactions occurred without coordination. The creation of a blockchain and ensuring fast transaction processing required significant effort. In this context, Cosmos introduces a new technical vision to address these blockchain-related challenges. To grasp this vision introduced by Cosmos, it is necessary to delve into the fundamentals of blockchain technology.

Why Cosmos (ATOM)?

Cosmos facilitates the empowerment and ease of development of blockchains through the modularity of Tendermint BFT and Cosmos SDK. It allows blockchains to become robust and easily upgradable. Cosmos enables blockchains to transfer value among each other through IBC and Peg-Zones while maintaining their autonomy. Cosmos provides solutions for the horizontal and vertical scalability of blockchain applications, allowing them to scale to millions of users. Importantly, Cosmos is not just a product but an ecosystem built on a series of modular, adaptable, and interchangeable tools. Developers are encouraged to participate in improving existing tools and creating new ones to turn the promise of blockchain technology into reality. These tools are fundamental to building the decentralized internet and global financial system of tomorrow.

On the weekly time frame, Cosmos is currently trending bearish with the 50 day moving average currently sloping down and below the current Cosmos price, which could act as a support the next time it interacts with it.Cosmos’s 200 day moving average is sloping up and has been doing so since 20.06.2023 which means the trend is strong.The 200 weekly moving average is currently above the price, which means if price interacts with it again, it can potentially be used as a resistance to continue the trend.


The live price of Cosmos is $ 10.24 per (ATOM / USD) today with a current market cap of $ 3.92B USD. 24-hour trading volume is $ 170.42M USD. ATOM to USD price is updated in real-time. Cosmos is -0.54% in the last 24 hours. It has a circulating supply of 382.93M.

Accessibility and Contact:
If you wish to learn more, share your thoughts and suggestions, or simply engage in conversation, feel free to reach out to me through the following channels:
Twitter: khubatt.apt
Discord: khubatt
Reference:

Cosmos price prediction & forecast 2024/2025 - 2026 (weareblox.com)
Cosmos (ATOM) Price Prediction & Forecast 2025, 2026, 2027-2030 | Binance
Polkadot: Web3 Interoperability | Decentralized Blockchain
Polkadot (DOT) Fiyatı, Grafikler, Piyasa Değeri | CoinMarketCap
DOTUSDT — Polkadot/Tether Fiyat Grafiği — TradingView

I'm always available on these platforms. Don't hesitate to get in touch. I look forward to answering your questions and interacting with you!


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