The first three months of 2024 have been considerably profitable for the cryptocurrency market. The rising investor confidence and market liquidity has prompted traders and investors to return to the market with additional capital. Among the thousands of traders that are currently active, one has caught the attention of crypto enthusiasts and experts.
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The trader is known among crypto circles online for his brilliant investment strategies and profitable portfolio. For the first time, the trader has shared his top picks to maximize profits in 2024. The trader, who previously saw a 50x return on his investment, has reportedly added Binance Coin (BNB), NFT Finance (NFTFN) and Solana (SOL) to his portfolio
Solana: Dominating The DeFi Space
Solana sets itself apart from its rivals with a hybrid consensus mechanism, which includes a proof-of-history (PoH), as well as the underlying proof-of-stake (PoS) consensus model. Offering high-speed transactions, impressive scalability and low network fees, Solana has emerged as a notable threat to the likes of the Ethereum Blockchain.
Solana’s massive ecosystem has been a core driver of its popularity and growth over the years. Apart from boasting an active developer community and a suite of decentralized applications (dApps), this ecosystem is also responsible for popular memecoins like Dogwifhat (WIF) and Bonk (BONK). At the time of writing, SOL was trading at $175 with a market capitalization of $78 billion.
NFT Finance (NFTFN)
NFTFN, a pioneer in the web3 fintech sector, aims to address the various challenges that currently plague the non-fungible token (NFT) market. NFTFN’s innovative solutions for the NFT market have prompted crypto pundits to put out ambitious price projections regarding its price action in 2024. This innovative project previously raised $500k from the likes of Polygon founder Sandeep Nailwal.
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Apart from a well-planned tokenomics model that prioritized long-term stability, NFTFN boasts strategic partnerships with industry leaders like Binance Smart Chain (BSC), Google Cloud and OpenSea. NFTFN is currently in stage 1 of its presale, where investors are lining up to buy this altcoin for just $0.025 (supply limited to 1 billion).
BNB: Crypto Behemoth Binance’s Token
BNB’s affiliation with crypto behemoth Binance has played a key role in its rapid growth. As an integral part of the expansive Binance ecosystem, BNB is widely used on the Binance Smart Chain (BSC) as well as the namesake crypto exchange, which happens to be the largest in the world. BNB’s functionalities extend to other Binance products and services as well.
The Binance Ecosystem is a consistent source of demand and user base for BNB. Data from CoinMarketCap shows that BNB is currently worth $583, boasting a market capitalization of $87 billion. Thanks to the regularly scheduled token burns by Binance, BNB will likely continue to soar in the coming months.
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