Here are two Cryptocurrencies that are going to rise in 2024 are -
- Arbitrum's (ARB)
It's market capitalization has increased by over half a billion dollars. Arbitrum (ARB) has risen alongside several top altcoins due to the widespread bull run triggered in early November. Data from CoinMarketCap shows that Arbitrum's (ARB) market capitalization has risen by over $600 million since mid-October.
Arbitrum's ARB token traded at $0.9909 on November 2. A month later, it had grown by 4.3% to $1.0337 as of December 1. ARB remained bullish, jumping by 34.6% to $1.3918 by December 25.
Arbitrum's (ARB) performance could get a boost from its recent partnership with Uniswap. On November 9, Gitcoin introduced a Uniswap-Arbitrum Grant Program that will last till May 9, 2024.
The Programme would provide grants ranging from $50,000 to $250,000 to developers within the Uniswap-Arbitrum ecosystem. Experts say Arbitrum's (ARB) network activity will rise following excitement around the grant program. It could further push ARB up by 13.0% to $1.5728.
- Cosmos (ATOM)
The Cosmos (ATOM) community faced controversies over a proposed network split in November. Yet, Cosmos has maintained a bullish stance. After passing a proposal to cut down inflation on the network, Cosmos' founder suggested a network split. Analysts expected the news to reduce Cosmos' bullish momentum.
ATOM traded at $7.88 at the start of November. Four weeks later, ATOM jumped by 22.3% to $9.64 by December 2. ATOM's bullishness increased, and it rose by 20.5% to $11.62 by December 26.
Cosmos' (ATOM) plan to cut down inflation involved a reduction of staking yield from 19% to 13.4%. The proposal aimed at making Cosmos more attractive to more consumer chains. Yet, the proposal sparked controversy as validators argued whether the new inflation limit would allow them to stay profitable.
Despite the controversy, analysts say Cosmos (ATOM) will keep rising due to the current market bull run. They expect ATOM to rise by 16.3% to $13.52.
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