Hello leofinance friends. My name is David, and this is my first post on leofinance and hive in general. Cryptocurrencies have caught my attention and little by little I have been learning some things. Today I will talk about the 5 cryptocurrencies that evolved in 2024.
In 2024, Coinhouse had identified five promising cryptos, these are: Cosmos, Avalanche, Polygon, Ethereum and Bitcoin.
Now that that year has come to an end, it is time to analyse their performance and project into 2025 to understand the future prospects of these digital assets.
Why would these 5 cryptos have been the most promising in 2024?
According to Coinhouse, these 5 cryptos were well positioned to be the most promising in 2024.
What is the reality and what does 2025 hold?
Bitcoin
Two key elements were supposed to boost bitcoin in 2024: the approval of Bitcoin ETFs and the Bitcoin Halving 2024. These factors were supposed to stimulate demand and reduce supply, thereby increasing the value of BTC significantly. A forecast that turned out to be true, as bitcoin even surpassed expectations, reaching an all-time high of $105,000 in December 2024. By 2025, the top crypto could range between $75,500 and $150,000, with an upside potential of up to $180,000.
Ethereum
According to forecasts, several factors should trigger a bull run for ethereum in 2024. First, the opening to DApps, then the approval of Ethereum ETFs, and finally, major upgrades like Shanghai. These factors were supposed to bolster the adoption and value of ETH significantly and make the crypto take off. Ethereum delivered on these promises, reaching $4.001 in December 2024. ETH could continue to rise in 2025, and stand between $3.105 and $5.701, with upside potential as high as $5.888.
Polygon
Polygon's essential role as a layer 2 solution for Ethereum, the availability of Polygon 2.0, and MATIC's migration to POL, are all factors that should have boosted Polygon in 2024. Coinhouse analysts were not wrong, as Polygon effectively peaked at $1.28 in April 2024, before falling sharply shortly thereafter. The crypto is currently around $0.61 with predictions ranging from $1.50 to $2.00 in 2025.
Avalanche
For Avalanche to explode in 2024, several elements had to come together: the high performance of its smart contract platform, its ready-to-use technology for real-world asset tokenisation (RWA), and the arrival of sign-ups on its platform. These different elements were to encourage the adoption of AVAX and significantly increase its value. This was the case, as the crypto price increased by 23.18% this year, and by 46.84% in the last month. With a current price of $47.14, Avalanche could reach between $62 and $100 by 2025, thanks to increased adoption of decentralised applications.
Cosmos
According to Coinhouse, here are the factors that would drive a Cosmos explosion in 2024: its high-quality 0-layer project with solid technological foundations, interoperability between blockchains, its more attractive platform, and the 848 governance proposal to boost Cosmos' share price. These factors have driven Cosmos (ATOM), which reached $8.48 in December 2024, up 60% in one month. A rise that could continue into 2025, where crypto ATOM could reach between $10 and $15.
Bitcoin, Ethereum, Polygon, Avalanche and Cosmos were undoubtedly the most promising cryptos in 2024. In light of the different predictions, these same cryptocurrencies could once again offer high returns to investors in 2025. However, knowing which assets to invest in is one thing, but choosing the right crypto platform is crucial.