Analysts name 2 digital assets that could grow by 900% this year

Editor’s note: not financial advice!

Finbold analysts predict a significant increase in the value of two digital assets in 2024, which could increase investments by 10 times. One of these assets is Monero (XMR). This cryptocurrency is known for its confidentiality and anonymity of transactions, which makes it popular among users who want to protect their finances. Monero has stable community support and prospects for further development, which makes it attractive to investors.

The second asset is MultiversX (EGLD). This blockchain project uses an innovative approach to scaling through sharding technology. Its peculiarity is that it can process a large number of transactions simultaneously, which increases its efficiency and attracts Web3 project developers. MultiversX aims to become a key platform for creating and managing decentralized applications.

Analysts say that in 2024, the cryptocurrency market may enter a new bullish phase when asset prices will rise. This trend is supported by positive economic factors and the growing interest of institutional investors in cryptocurrencies. Analysts believe that Monero and MultiversX can show a return of 900% this year.

However, experts emphasize that the cryptocurrency market remains unpredictable. Investors should be careful and take into account all the risks, as cryptocurrencies are highly volatile assets. Any investment in these digital assets should be carefully considered, as both significant gains and losses are possible.

While Monero is more privacy-oriented, MultiversX seeks to attract innovative projects, which expands the possibilities of their use in the future. Investors are advised to closely monitor market changes in order to take advantage of possible jumps in the value of these cryptocurrencies in a timely manner.