As the first half of 2024 concludes with exciting movements in the cryptocurrency industry, which has seen its largest crypto asset advance to a new all-time high (ATH), and create a strong bullish sentiment for the rest of the sector, it is time to look ahead, towards the year’s end.
In this context, Finbold has identified several lucrative crypto market opportunities, the price of which could explode over the rest of 2024 and enable their holders to easily turn an investment of as little as $10 into a profit of $1,000 during the second half of this year.
#1 Render (RNDR)
As it happens, one of the benefactors of the recent progress in the field of artificial intelligence (AI) technology is Render (RNDR) or the so-called ‘Nvidia of crypto,’ which, like the blue-chip stock analysts compare it to, is riding high on the technology wave, presenting a great buying opportunity this year.
Render TD-sequential signal on 3-day chart. Source: Ali Martinez
Indeed, RNDR’s TD Sequential indicator is currently showing a buy signal on its three-day chart, while its price at press time stands at $7.68, up 5.82% on the day, gaining 8.08% this week, as it moves to reverse the 23.18% loss accumulated in the past month.
Render price 7-day chart. Source: Finbold
#2 Bitcoin (BTC)
Furthermore, an investment of just $10 in Bitcoin (BTC) could grow 100-fold by the end of this year, considering the flagship decentralized finance (DeFi) asset’s current technical setup that demonstrates the possibility of a significant rally in the following months, perhaps even to millions in the years to come.
Specifically, according to Bernstein analysts:
“We derive the long-term market premium based on a probability-weighted scenario based on our Bitcoin price model for 2029/2033. Our base case scenario believes Bitcoin would appreciate $200,000 by 2025, $500,000 by 2029, and $1 million by 2033.”
For the time being, Bitcoin is trading at the price of $62,880, recording a 2.38% increase in the last 24 hours, accumulating an advance of 2.47% on its weekly chart, as it moves to recover from the 7.15% decline in the last 30 days, according to the most recent data.
Bitcoin price 7-day chart. Source: Finbold
#3 Dogecoin (DOGE)
Finally, the popular doge meme token Dogecoin (DOGE) has recently flashed a buy signal as highlighted by renowned crypto trading expert Ali Martinez, who has recently argued that Dogecoin could soon make a significant recovery and the positive momentum could potentially continue toward the year’s end.
Dogecoin TD Sequential 3-day chart. Source: Ali Martinez
Currently, this crypto asset is changing hands at $0.12556, advancing 2.44% on the daily chart, as well as making a gain of 6.94% across the week, having dropped 21.28% in the last month, as per the latest price information retrieved by Finbold on July 1.
Dogecoin price 7-day chart. Source: Finbold
Should you buy these cryptocurrencies?
All things considered, the above assets have demonstrated positive momentum and the capability to massively grow in price in a short period of time, making them an attractive investing opportunity for the end of 2024. However, doing one’s own research and weighing the risks first is critical.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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