The Top 5 Cryptocurrencies to Invest in Right Now for the Next Bull Run

A range of tokens with varied chances for growth and innovation are going to significantly increase your rewards as 2024 approaches.
There are two important upcoming events that could determine the future of cryptocurrencies. First off, the much awaited launch of a spot Bitcoin ETF in the United States marks a momentous shift. With this ETF, investors are presented with a reliable and legally acceptable way to take advantage of Bitcoin’s potential.
In addition, there is a lot of excitement about the impending April 2024 Bitcoin halving event. When the mining reward for bitcoin is cut in half, it usually causes a spike in price because less of the coin are available.
Amidst these revolutionary advancements, many altcoins are garnering interest and are anticipated to witness significant expansion. Among the most notable are Ethereum (ETH), Sei (SEI), Aave (AAVE), Optimism (OP), and MetisDAO (DAO).
To find out why these digital assets can be worthwhile additions to your cryptocurrency portfolio in the future year, keep reading.
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Ethereum (ETH)
One of the top cryptocurrencies in terms of market capitalization is Ethereum. Known for its many uses, especially in the areas of NFTs and smart contracts, Ethereum has established itself as one of the most widely used currencies.
Furthermore, Ethereum provides the base upon which many other blockchains and the cryptocurrencies built atop them rest. Ethereum’s price as of December 3rd is $2,221, and its 24-hour trading volume is $55.37 billion.
200% gains
The price of $ETH has dropped by 6.41% in the last day. A more thorough examination of Ethereum’s pricing suggests that the current bearish pressure is likely to last for a while. The $2,225 mark provides the token with significant support; a breach below this mark could lead to more losses.
Positively, there is a notable level of resistance at $2,449, which needs to be overcome in order to get to the $2,500 mark. The current situation suggests that bears will continue to be in control, and selling pressure is expected to persist shortly.
In 2024, it is anticipated that the price of Ethereum will fluctuate between $2,175.91 and $6,370.69.
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Sei (SEI)
Sei operates in a rapidly growing business and expects the blockchain industry to grow significantly in size. With the backing of major players in the field, the network improves its security and scalability.
Sei aims to improve its position in the market by carefully positioning itself to take advantage of this projected expansion. The $SEI is rising quickly, hitting an all-time high and showing positive market activity.
The price has increased above $0.50 since December 2023, during which time the ascent has been very noticeable. Technical analysis highlights the bullish trend on Sei and points to a possible continuation. As of right now, the $SEI has a market size of $1.96 billion, a 24-hour trading volume of $3.13 billion, and a price of $0.78.
The price of the $SEI has risen by 9.10% in the past day. If the current pattern continues, Sei is expected to range from $0.53 to $1.2 in 2024, indicating a positive trend and displaying hope for the latest technology advancements.
Sei price chart
The first-ever “parallelized” Ethereum Virtual Machine (EVM), combining the best features of Solana and Ethereum, is set to debut with the upcoming Sei v2 upgrade. Due to its commitment to innovative technology and growing appeal among developers, Sei is well-positioned for significant success in the cryptocurrency market.
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Aave (AAVE)
Aave is an open-source, non-custodial lending platform that runs on the Ethereum network. It enables loans backed by cryptocurrencies and lets users earn interest on their cryptocurrency holdings through deposits.
One of Aave’s primary features is decentralisation; it functions without the need for conventional middlemen by automating loan arrangements through smart contracts.
The platform facilitates the lending of assets to earn interest and the borrowing of assets by providing collateral, supporting over 17 cryptocurrencies and attracting a wide user base.
$AAVE, with a market capitalization of $1.50 billion and a current price of $102.26, has made noteworthy advancements in the decentralised finance (DeFi) space. Aave is well-positioned to become a major participant in the developing and growing DeFi sector.
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MetisDAO (Metis)
MetisDAO distinguishes itself from other Layer 2 scaling protocols by allowing users to conduct transactions on the Ethereum Blockchain more quickly and affordably while also growing its ecosystem projects and tools.
One notable achievement is the Ecosystem Development Fund (EDF), which is made up of 4.6 million $METIS tokens and was implemented by the MetisDAO Foundation, the organisation that oversees Metis. With this calculated approach, the Metis ecosystem will hopefully flourish, liquidity will be improved, actions will be rewarded, and adoption will be promoted.
The METIS is currently selling for $86.52, and its 24-hour trading volume is $47.23 million. In the latest day, the price of $METIS dropped by -3.11%, but in the previous 30 days, it had risen by an astounding 270%.
Metis Dao
From a technical perspective, $METIS shows a strong picture, with resistance levels at $94.67 and $103.76 and support levels at $85.58 and $76.49. Relative Strength Index (RSI) analysis indicates that the $METIS price may rise as a result of an overbought market position, as indicated by the RSI value of 70.08.
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Optimism (OP)
It’s becoming increasingly common to be optimistic, particularly in the growing Web3 game industry. The protocol exhibits significant growth indications, including considerable rises in both network traffic and revenue. With these favourable characteristics, Optimism is positioned as a viable competitor in the changing field of Layer 2 solutions.
The Optimism token, which is presently trading at $3.59, has seen a decrease in price despite the increased interest and adoption. Over the past seven days, the price of $OP has dropped by 11.97%, which might be attributed to a number of reasons, including market mood and the overall state of the economy.
However, despite the recent price dip for its native token $OP, Optimism has seen an impressive 270% increase since January 2023. This substantial price surge reflects the momentum building behind Optimism, indicating further growth potential in 2024.