The recent resurgence of the cryptocurrency market has induced bullish momentum and an overall positive sentiment. With renewed investor confidence and market liquidity, crypto pundits are speculating a bull run over the horizon. While the broader crypto market has experienced considerable gains so far this year, two altcoins stand out: NFT Finance (NFTFN) and Solana (SOL).
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The latest investment trends show that NFTFN and Solana have been among the top recipients of investment in 2024. Interestingly, both NFTFN and SOL have emerged as the top investment of choice among crypto whales. On-chain data shows that crypto whales are diverting considerable capital into NFTFN and Solana, and plan to continue investing in them this year.
Solana Price Action
Solana has demonstrated impressive growth since the beginning of the year, gaining more than 74% in less than four months. Data from CoinMarketCap shows that SOL is currently trading at $176, up over 36% over the past four weeks. More recently, SOL’s price has experienced some volatility, losing 8% of its value over the past week.
Interestingly, the volatility has failed to dissuade investors and crypto whales, which is evident from SOL’s trading volume. Solana’s trading volume has grown consistently during this period of volatility, going from $3.6 billion to over $4.2 billion. This growth is indicative of investors’ confidence in SOL and its potential ahead of this year’s altcoin boom.
NFTFN’s Potential In 2024
NFT Finance, a pioneer in the web3 fintech space, has been the talk of the town in 2024. Its unique selling propositions and sound fundamentals have captured the attention of crypto analysts and experts, who project significant growth in its value over the coming months. NFTFN is currently in the second stage of its presale, where investors are lining up to buy the token for just $0.03.
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NFTFN has raised more than $750k so far, with over $500k coming from the likes of Polygon founder Sandeep Nailwal. While speaking to NFTFN’s growth potential in 2024, crypto pundits repeatedly highlight the project’s well-planned tokenomics and strategic partnerships with industry leaders.
Top Altcoin Contenders In 2024
NFTFN and Solana have emerged as the top altcoin contenders of 2024, attracting significant investment from crypto whales in hopes of exponential profits this year. As an NFT-centric project, NFTFN is poised to capitalize on the growing popularity of the NFT market. Meanwhile Solana’s emphasis on DeFi and Solana ecosystem memecoins like Dogwifhat and Bonk are set to contribute to its growth.
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