3 Promising Cryptocurrencies for 2024 and Beyond: SpacePay (SPY), Solana (SOL), Kaspa (KAS)
The past few months have been challenging for crypto traders. This is because Bitcoin was struggling to gain bullish momentum. Even now the market is showing slight positivity and then followed by bearish price action.
Currently, cryptocurrency buyers are scanning the market to see which currencies might be worth purchasing in 2024. We’ll examine three coins in this post that might experience gains this year.
SpacePay (SPY)
The first coin on the list is SpacePay, which aims to close the gap between blockchain technology and traditional finance in order to completely change the crypto payment landscape.
SpacePay aims to solve important problems in the cryptocurrency space, like limited accessibility and usability for regular transactions. The platform benefits users as well as merchants.
SpacePay is a platform that was developed to address issues such as delayed adoption and high transaction prices. It offers a solution to the volatility and complexity that keep consumers and merchants from using cryptocurrency in regular transactions.
One of SpacePay’s main features is compatibility with over 325 wallets, allowing users to connect popular options like MetaMask, Trust Wallet, Coinbase Wallet, and Ledger Nano S. This enables seamless payments for everyday purchases, such as groceries or food, by scanning a QR code.
Users can take advantage of SpacePay’s features without incurring any fees for using the app. Merchants benefit from instant settlements, no waiting times, and protection against volatility.
To reduce exposure to price swings, payments made in cryptocurrencies are automatically converted into the merchant’s local currency. The native token of the project, called SPY, is presently valued at $0.00191 and can be acquired with ETH, USDC, USDT, or a credit or debit card.
Accessible via their website, where customers can login via Wallet login, Best Wallet, or Coinbase Wallet, the continuing presale has raised over $400,000.
Solana (SOL)
Solana (SOL) is the next coin on the list of coins with high potential. Solana now has a market cap of $63 billion. This is despite its current drop in price.
Solana’s concept was first presented in 2017. Then the Solana Foundation supported the project’s official launch in March 2020. The quick transaction processing of Solana is one of its best qualities.
The blockchain is among the fastest networks in the industry. It drastically cuts down on validation times for both transactions and smart contract execution.
The price of solana has fluctuated a lot. The price has gone up from $17 in the previous year to $209 in 2024. This shows that it has the potential to increase quickly. Furthermore, the growing demand for SOL has driven up its price due to the growing popularity of meme coins created on the Solana blockchain.
The likelihood that a Solana ETF would be approved in the US is another important aspect boosting optimism surrounding Solana. Based on the SEC’s approval of Ethereum and Bitcoin ETFs, analysts predict that Solana might be the next to receive a comparable approval.
Recently, Brazil approved its second Solana ETF, heightening expectations that a similar action in the US would eventually cause SOL’s value to climb steadily. These changes establish Solana as a coin with potential in 2024.
Kaspa (KAS)
Kaspa (KAS) ranks as the 23rd largest cryptocurrency by market cap and has garnered increasing attention for its blockchain capabilities.
Operating on a proof-of-work consensus model, similar to Bitcoin, Kaspa has distinguished itself through several innovative features, including block data pruning, SPV proofs, and future subnetwork support.
KAS has demonstrated impressive price growth over the past year. Kaspa rose from a low of $0.03953 to as high as $0.2075. This shows its strong performance in the market.
Kaspa’s unique features and scalability have attracted growing interest. Now, as more users learn about its potential, KAS could experience further gains. Remarkably, KAS has achieved this growth without being listed on major exchanges like Coinbase or Binance.
Should either of these platforms decide to list KAS, it could significantly boost the coin’s value, driving it beyond its current $4 billion market cap.
Given its recent performance and potential for wider exposure, Kaspa is a cryptocurrency worth watching in 2024 and beyond.
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