Crypto Prices Pump After Bitcoin Passes $50,000 – 5 Best Crypto to Buy in the 2024 Bull Run
Since Bitcoin (BTC) vaulted above $50,000 earlier this week for the first time in two years, crypto prices have been pumping and investors have been hunting for the best crypto to buy in the 2024 bull run.
Bitcoin was last consolidating near $52,000, 34% up versus its January lows in the mid-$38,000s.
The world’s largest cryptocurrency pumped in recent weeks amid strong demand for recently launched spot Bitcoin ETFs in the US.
Other bullish narratives that have/are supporting the price include the upcoming halving and expectations for Fed rate cuts this year.
The BTC issuance rate will drop by 50% in April, while easier financial conditions tend to support crypto prices.
Given it could well hit new all-time highs in 2024, Bitcoin is a good candidate for best crypto to buy.
But a rally to new all-time highs would only mark a further 33% rally for the BTC price.
Traders could potentially secure significantly larger near-term gains by investing in lower market capitalization altcoins.
Let’s take a look at some options for the best crypto to buy in the 2024 bull run.
Pendle (PENDLE), an innovative future yield tokenization and trading protocol, is the best-performing top 100 coin this year.
PENDLE is up a stunning 160% year-to-date as per CoinMarketCap.
Last at $3.13, PENDLE is up over 6x from last summer’s lows under $0.50.
Its rally from its 2022 lows is even more impressive at over 80x.
However, Pendle’s market cap remains modest at under $750 million.
That leaves plenty of room for 10x or more gains as the asset tokenization narrative gains ground.
That potentially makes PENDLE one of the best crypto to buy in the 2024 bull run.
High-performance proof-of-stake layer-1 blockchain Sui ($SUI) that launched back in May 2023 is consolidating
Read more on cryptonews.com
