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Up More Than 150% for the Year, These 3 Cryptos Have the Potential to Outperform Bitcoin in 2024

TheMotleyFool 
0 0 19.12.23
Up More Than 150% for the Year, These 3 Cryptos Have the Potential to Outperform Bitcoin in 2024: https://g.foolcdn.com/editorial/images/758414/a-smiling-man-at-a-laptop-holding-a-cell-phone.jpg
 

Without a doubt, Bitcoin (CRYPTO: BTC) has been the standout crypto performer of 2023. Up more than 150% for the year, Bitcoin has completely reenergized the crypto market. With Bitcoin currently trading around $42,000, some investors are even speculating that Bitcoin could soar past the $100,000 mark next year.

But with all the excitement around Bitcoin, investors might be overlooking cryptocurrencies with the potential to outperform Bitcoin next year. Three potential standouts include Solana (CRYPTO: SOL), Avalanche (CRYPTO: AVAX), and Chainlink (CRYPTO: LINK). Let's take a closer look at why you might want to put these cryptos on your investment radar right now.

Both Solana and Avalanche are direct competitors to Ethereum (CRYPTO: ETH), the second-most valuable cryptocurrency. In crypto terminology, all three are Layer-1 blockchain networks. This simply means that they are the core base layer on which everything else is built in the blockchain world. That includes non-fungible tokens (NFTs), blockchain gaming, and Web3 apps.

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Source Fool.com

Sol Stock

€34.65
-0.710%
The price for the Sol stock decreased slightly today. Compared to yesterday there is a change of -€0.250 (-0.710%).

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