Hello, my friends, how are you? I hope that you all are fine and doing well. This is the last week of the Steemit Engagement Challenge, and today I am here to take part in a contest organized by the Steemit Crypto Academy community. So let's start without wasting time.

Which cryptocurrencies under $ 1 can have the best performance in 2024? Choose a cryptocurrency by its fundamental analysis. Would you recommend buying this cryptocurrency?

There are so many crypto coins in the crypto market that are working very well, and it seems that they would have a very beautiful future, especially in the upcoming year because the year 2024 is the year of Bitcoin halving, so it can also contribute to the world by increasing the price of these coins, and they can progress more and more.

According to my own choice and liking, I have selected the below few coins, which I believe will perform very well in 2024, and they will move above $1 at the end of the year.

• XRP:

XRP has always been my favorite cryptocurrency in the market due to its native blockchain ripple, which is very popular and successful for efficient and timely transactions. Cross-border transactions have become very easy and remarkable due to the use of this blockchain. I am sure that this coin will make huge progress in 2024 and will cross $1.

• ADA:

Cardano is one of the most popular blockchain platforms, and it is also among those blockchain ecosystems that are very scalable, and due to their high degree of scalability, they are directly competitive with the world's biggest blockchain, Ethereum. Due to these reasons, we can consider that the price of the ADA coin will pump above $1 in the year 2024.

• DOGE:

Almost all of us are aware of the DOGE coin, which is actually one of the best crypto tokens on the market. Due to the high adoption of the DOGE coin, we can expect that the price of this meme coin will progress in the upcoming years, and especially due to the support of various big investors, the DOGE coin can be considered one of the most appealing assets in the crypto market.

Provide the step-by-step to buy the selected cryptocurrency. Show screenshots.

In question no. 1, I select three coins, but from these three, I will buy one coin, which is Cardano (ADA), which is one of my favorite coins in the cryptocurrency market, and its rank is too good. So let me show you the step-by-step procedure for this.

• Step 1:

For this question, first of all, I opened my Binance account and clicked on the wallet option, then I went to my Sopt wallet, and after that, I selected the Cardano (ADA) coin so that I could buy it. In the screenshots below you can see this step in a practical way.

• Step 2:

In the second step, after clicking on the ADA coin, I select the ADA/USDT pair so that I can buy the ADA coin. Then I wrote 14 dollors in the box and clicked on the but button. As I clicked on that button, the ADA coin was in my spot wallet. Below, you can see the practical way in the screenshots.

What is the future of STEEM in 2024? Give your own opinion, you can project the price of STEEM, making your own analysis.

The future of the STEEM coin is truly very appealing and bright, and this is because of the hard work that is behind the project. We have seen that the timely decisions of the Steemit team have helped a lot to overcome the overall bearish trend in the market, and the effects of those bearish movements were almost minimum.

The main reason behind saying all of these things is that schemes like the burning of the STEEM coin have helped a lot to lower the supply of the coins on the market, and hence it will directly lead to an increase in demand and thus stabilize the price. Another important technique that is used by the Steemit team to maintain the price is club initiation.

Due to these steps and programs, the price is moving quite well, and we can hope for an increased market for the STEEM coin. The development team of Steemit is also working hard to make the platform more attractive for investors, and thus they can help pump the price even more by investing their funds. So, these are some positive points that say that the price of STEEM will pump even more in the next year.

The screenshot of the price chart of the STEEM/USDT pair is shown above, and I have mentioned the support and resistance levels. The market is ranging now, which means that the investors are now playing with the retail traders, and when they see that the market is in their favour, they will make a move, which will pump the price of the STEEM coin.

After a sharp downtrend, the market remained in the accumulation phase for the whole of 2023, and now we can expect that this ranging condition will be followed up by a huge pump due to the market conditions surrounded by the positive news and also the news of the Bitcoin halving. So, the future of Steem can be considered very bright and successful.

Is the future of cryptocurrencies promising? Explain. Show data on the adoption of cryptocurrencies in the world. Give your own opinion.

Dear friends, the crypto currency market is very volatile, and no one can predict its future. Well, blockchain-like technology has made a lot of noise all over the world, and people have adopted it a lot, especially in recent years. This technology is indeed highly commendable, and this market proved that the future will be of cryptocurrency.

According to my research that the adoption rate of cryptocurrencies in this world increased 880 percent in the year of 2023 which is huge and from this we can guess that how fastly the people of this world is adopting the cryptocurrencies which is a good thing for this market and I hope that more and more users will adopt this in this year.

Everyone has their own opinion on this, but if I talk about my opinion, I have very good hope for the future of the crypto market, and there are many reasons behind it because the people who said Bitcoin was a scam are now trying to adopt it, which is very good news, and this year is the Bitcoin year, and I hope that the crypto market will perform well in this year.

Conclusion

In this post, I told some of the best crypto tokens for 2024, and I personally bought ADA token from the Binance exchange. I conducted an analysis on the STEEM coin. In the last question, I shared my personal opinion on the future of crypto. This is all based on my own opinion, and if anyone is considering investing in these coins, please please conduct your own research first. This concludes my blog, and I will meet you guys in my next one. Goodbye, my Steemit family.