Buy new, not old? Here’s a bullish list for the 2024 bull market.

Invest in the Future A Positive Outlook for the 2024 Bull Market.

We are experiencing an unprecedented bull market wave, and it’s just getting started.

Written by: Jake LianGuaihor, Web3 Researcher

Translated by: 1912212.eth, Foresight News

We are experiencing an unprecedented bull market wave, and it’s just getting started. After over 1000 hours of research during the bear market, I have compiled my top bullish picks for 2024.

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Your main investment portfolio should always include BTC and ETH. However, with the dominance of Bitcoin reaching its peak, we can expect altcoins to start outperforming (capital rotation). This article will outline my top altcoin picks for entering 2024 and provide in-depth analysis of each coin listed.

I have classified them as follows:

• Large Caps: Over $5 billion market capitalization

• Mid Caps: $1 billion – $5 billion market capitalization

• Small Caps: $200 million – $1 billion market capitalization

• Micro Caps: Below $200 million market capitalization

A diversified investment portfolio should include projects of various sizes. The percentage allocated to each category will depend on your personal risk tolerance.

Large Caps

1. Chainlink (LINK)

Bullish Catalysts:

• Industry-leading oracle

• Chainlink staking

• Chainlink economic model 2.0

Risks/Bearish:

• Token economics and revenue capture

• Team selling pressure

Chainlink has the potential to become the Google of the crypto space.

Mid Caps

2. Cosmos (ATOM)

Bullish Catalysts:

• Forked airdrop ATOM1

• Projects built on IBC

• Network effects

Risks/Bearish:

• Which fork will succeed?

• Revenue capture

• Community division

Is the Cosmos Hub fork bullish or bearish?

3. THORChain (RUNE)

Bullish Catalysts:

• Significant growth in decentralized exchange (DEX) trading volume

• Native swaps (without bridging)

• Lending and borrowing

Risks/Bearish:

• Already had a significant rally (upside potential)

• Competitors

RUNE’s flywheel effect is fully in effect, with trading volume on the platform continuing to soar. Bullish.

4. Bittensor (TAO)

Bullish Catalysts:

• Decentralized Artificial Intelligence

• Growing Subnetworks

• Adoption/Growth of Artificial Intelligence

Risks/Bearish:

• High operating costs

• Intense competition

This is an intriguing project that has gained significant momentum in 2023. I believe it could be one of the most important AI investments.

5. Injective (INJ)

Bullish Catalysts:

• Institutional adoption

• Token burn

• Ecosystem and scalability integrations

Risks/Bearish:

• Competition (order book)

• Price already increased

Injective has performed exceptionally well this year, with nearly 1000% growth.

6. Arbitrum (ARB)

Bullish Catalysts:

• Leading Layer 2

• Surging adoption (total locked value)

• Arbitrum STIP

Risks/Bearish:

• ZK/OP competition

• Future unlocking/circulating supply

ARB remains one of my favorite Layer 2 investments, and I believe it will continue to perform well in a bull market.

7. Maker (MKR)

Bullish Catalysts:

• RWAs (treasury income)

• Potential token split

• DAI growth

Risks/Bearish:

• Decoupling risk

• Regulatory risk

Maker is a “money printer” that generates income through treasury bond income and the adoption of decentralized finance.

8. Frax (FXS)

Bullish Catalysts:

• RWA/LST growth

• Decentralized finance ecosystem (Holy Trinity)

• Fraxchain (Layer 2)

Risks/Bearish:

• Regulation (stablecoin)

• Dependency on USDC

Feeling bullish on FXS, they seem to have a long-term vision and are building an ecosystem of cool products.

9. GMX (GMX)

Bullish Catalysts:

• Revenue generation

• Perpetual DEX growth

• Realized earnings

Risks/Bearish:

• Intense competition

• GLP risk

GMX has not performed as well as some other coins on this list in 2023. In the process of catching up, it could be a sleeping giant with significant upside potential.

10. Kujira (KUJI)

Bullish Catalysts:

• Sonar Wallet

• Strong token economics

• Upcoming perpetual contracts and margin trading

Risks/Bearish:

• Already had significant increase

• Revenue generation

Kujira has already seen a 500% increase this year and is one of my favorite projects. A true phoenix rebirth.

11. Pendle (PENDLE)

Bullish Catalysts:

• Innovative yield tokenization

• LSDFi

• Strong adoption

Risks/Bearish:

• Regulation

• Low market cap project

Pendle is a great project with a very unique product. High market adaptability.

12. Radiant (RDNT)

Bullish Catalysts:

• Launch on Ethereum

• STIP grants – ARB-driven new dLP vaults

• LayerZero narrative

Risks/Bearish:

• Token unlock

• Competitors (lending)

There is great potential in the whole chain lending space and Radiant has a real advantage.

13. THENA (THE)

Bullish Catalysts:

• BNB chain growth

• ALPHA perpetual contracts

• Expert trading mode

Risks/Bearish:

• Early stage/low market cap

• Circulating supply/issuance

Although the price performance of this project has not been great, the fundamentals are bullish (volume, revenue, market fit).

We are in the early stages of the next bull market and the timing feels right. However, no one can accurately predict the exact market trends, but I firmly believe that if you work hard in the coming years, you will reap huge rewards. Narratives change quickly in a bull market, and once highly regarded projects can be quickly forgotten. Therefore, staying flexible and adapting to market conditions is crucial. As always, please do your own research (DYOR) on the projects I have listed. This does not constitute any investment advice.

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