CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (2024)

FAQs

Which crypto will explode in 2024? ›

Here's our list of cryptos that will explode in 2024: Pepe Unchained (PEPU) – Iconic meme token built on a layer-two Ethereum blockchain. The Meme Games (MGMES) – Meme coin that could explode, offers gamified presale bonus. WienerAI (WAI) – A prime meme coin contender for explosive growth in 2024.

Cryptocurrency Price Action

The world's largest cryptocurrency rebounded about 157% in 2023. Bitcoin is now up about 61% so far this year. Ethereum hovered around $3,500 Monday morning, back at its mid-July levels. Ethereum hit its 52-week high of $4,092 on March 12.

One likely reason for the current Bitcoin price drop is the repayment process initiated by the bankrupt exchange Mt. Gox, which began transferring substantial amounts of Bitcoin to its creditors. On July 24, 2024, the exchange moved approximately 37.477K BTC, valued at over $3 billion.

Cryptocurrencies fell one day after a reversal in technology stocks pushed the S&P 500 and Nasdaq Composite to their worst day since 2022. Bitcoin was lower by 2% at $64,603.34 Thursday, according to Coin Metrics.

Top of our 1000x potential list is Pepe Unchained. Pepe Unchained ($PEPU) introduces Pepe, the iconic meme avatar, on its own blockchain. Built on Ethereum's layer-two (L2) blockchain, Pepe Unchained offers unprecedented speed, low transaction costs, and high staking rewards.

Which coin will boom in 2025? EarthMeta is also a strong candidate for significant gains in 2025. With the platform set to launch its full suite of features, including decentralized governance and advanced AI integrations, it is poised for substantial adoption and growth.

A major factor in bitcoin's rise since the start of the year has been the approval by the US financial regulator in January of exchange-traded funds [ETFs] – a basket of assets that can be bought and sold like shares on an exchange – that track the price of bitcoin.

Mt. Gox, short for "Magic: The Gathering Online eXchange," was once the largest bitcoin exchange in the world. Its dramatic rise and catastrophic fall marks one of the most significant episodes in crypto history. This article explores the Mt. Gox story, its infamous collapse and the ongoing efforts to repay creditors.

Notably, the prime reason for the price of Ethereum crypto dropping is considered to be a sell-the-news situation similar to what the crypto market had experienced during the Bitcoin ETF launch in January this year.

Which crypto will recover the fastest? ›

Solana (SOL) – Smart Contract Platform Offering High Transaction Speeds. Solana is possibly the fastest growing crypto coin, having provided early investors with more than 20,000% returns.

This aligns with the traditional 4-year cycle observed in previous Bitcoin trends. As of July 9, 2024, BTC is trading at $57,400 with a market capitalization of $1.13 trillion. The halving was completed on April 20, 2024, at block height 840,000.

Conclusion. In the dynamic landscape of cryptocurrency, these ten coins, including TRON, Shiba Inu, Astar, Kaspa, Dogecoin, Stellar, Kava, Polygon, Cronos, and VeChain, present diverse potentials for reaching the $1 milestone in 2024. Investors keen on penny cryptos have a spectrum of options to explore.

Bitcoin – The World's De Facto Crypto With Uncapped Potential in the Coming Years. Long-term investors will view Bitcoin as the best crypto with the most potential. While it's already a trillion-dollar project, Bitcoin's long-term growth trajectory is uncapped.

Bonk's huge supply means reaching $1 is all but impossible. Some analysts believe that $0.01 could be more realistic.