The cryptocurrency market has seen many peaks and troughs in recent years. There always seems to be a mix of optimism and pessimism when it comes to crypto and the best way to make decisions is by looking at the facts. Read on as we look more closely at the crypto market and assess if it is making a big resurgence in 2024.
Using the Value of Bitcoin
Bitcoin is the biggest cryptocurrency and will always lead the way in terms of value. That makes Bitcoin a good cryptocurrency to use when assessing the performance of the crypto market as a whole. If we go back to September 2023, the value of Bitcoin was just over $25,000. There were a lot of people who were left despondent as the price of the coin fell but good news was just around the corner. By December 2023, the value of Bitcoin rose to over $43,000 and the value has continued to rise throughout 2024. If we look at March 2024, the value of Bitcoin hit the $70,000 mark and although it has dropped off a bit since then, many forecasters believe Bitcoin could hit an all-time high value in the second half of 2024. So, based on this information alone, crypto appears to be making a big resurgence in 2024.
Which Cryptocurrency is Next to Boom
There are always risks when investing in cryptocurrencies, even if you plan to use your crypto to make online purchases or for entertainment. The Razed crypto online casino is a fantastic online casino where you can use cryptocurrency to play slots and table games. The crypto casino accepts Bitcoin, Ethereum, Litecoin, Ripple, and many more cryptocurrencies. The benefit of using cryptocurrency to play online casino games is the extensive selection of games, unmatched security, instant deposits, swift withdrawals, and no hidden fees. In addition, many crypto casinos offer provably fair games, so you can verify the fairness of game outcomes, which gives peace of mind. As more cryptocurrencies are issued, predicting which is the next to boom can give you more for your money when gambling online or using crypto for other purchases. It is impossible to predict which cryptocurrency is next to boom but there are many specialist cryptocurrency websites that make predictions. You should always conduct your own research before buying cryptocurrency and be aware that values can rise and fall.
Should You Invest in crypto in 2024?
Investing in cryptocurrency is always a risk, at any time, and 2024 is no different. There is no doubt crypto has seen a resurgence in 2024 and it is possible to make a significant amount of money when investing. However, the risks remain and it is a time consuming process. You often must look for cryptocurrencies outside the market leaders as these have the greatest growth potential. That requires a lot of research and even then, anything can happen in the crypto market so you must be careful. Crypto is making a resurgence in 2024 and can be a lot of fun but the same principles apply now as they did in 2023, when the market was not as promising.
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