Top 5 best performing cryptos of 2024: Review and outlook for 2025
In 2024, Coinhouse highlighted five cryptocurrencies with strong potential: Bitcoin, Ethereum, Polygon, Avalanche, and Cosmos. With the year now ending, it is time to assess their performance and consider what lies ahead for 2025.
Why were these five cryptocurrencies seen as the most promising in 2024?
Bitcoin Bitcoin was set to rise in 2024 due to two main factors: the approval of Bitcoin ETFs and the Bitcoin Halving event. These developments were expected to increase demand while limiting supply, driving the price of BTC higher.
This prediction was accurate, with Bitcoin surpassing expectations and hitting a record high of $105,000 in December 2024. For 2025, Bitcoin might trade between $75,500 and $150,000, with a potential high of $180,000.
Ethereum Several factors were forecasted to spark a bull run for Ethereum in 2024. The launch of DApps, approval of Ethereum ETFs, and significant upgrades like Shanghai were expected to enhance the adoption and value of ETH, leading to a surge. Ethereum met these forecasts, reaching $4,001 in December 2024. In 2025, ETH may continue its upward trend, with a range between $3,105 and $5,701 and a potential peak of $5,888.
Polygon Polygon's critical role as a layer 2 solution for Ethereum, the rollout of Polygon 2.0, and the transition from MATIC to POL were anticipated to drive its growth in 2024. Coinhouse's analysts were correct, as Polygon peaked at $1.28 in April 2024, before experiencing a sharp decline. Currently, it trades around $0.61, with predictions for 2025 ranging from $1.50 to $2.00.
Avalanche Avalanche’s growth in 2024 depended on several factors: its efficient smart contract platform, technology for tokenizing real-world assets, and new listings. These elements were expected to boost the adoption of AVAX and substantially increase its price. This year, Avalanche saw a price increase of 23.18%, with a recent rise of 46.84% in the last month. The current price is $47.14, with potential growth to between $62 and $100 by 2025 due to greater adoption of decentralized applications.
Cosmos Coinhouse identified several factors that could lead to significant growth for Cosmos in 2024. These included its strong layer 0 project, blockchain interoperability, an attractive platform, and governance proposals aimed at raising Cosmos's value. These factors drove Cosmos (ATOM) to $8.48 in December 2024, marking a 60% increase in just one month. This upward trend might continue into 2025, with ATOM projected to range from $10 to $15.
Bitcoin, Ethereum, Polygon, Avalanche, and Cosmos demonstrated strong potential in 2024. Based on various predictions, these cryptocurrencies may offer high returns once again in 2025. However, selecting the right assets is essential, as is finding a trustworthy crypto platform.
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