The digital asset world is volatile, so losses are to be expected. However, just as any investor, you would want to mitigate risks. If you want to do that, it is necessary to understand the potential of the investments you are eyeing.

Currently, Ethereum (ETH), Toncoin (TON), and Algotech (ALGT) are displaying potential for great returns. If you are wondering which crypto to buy in 2024, you are in the right place.

TLDR

• Despite a bearish momentum, analysts forecast a98% surge for Ethereum (ETH).

• Toncoin (TON) witnesses an 95% downturn, even with several partnerships.

• Investors flock to Algotech (ALGT), anticipating 275% returns.

Positive Ethereum (ETH) Price Predictions Clash With Investor Sentiment

On January 19, 2024, the United States Securities and Exchange Commission (SEC) postponed the deadline for determining whether Fidelity would get a spot on the Ethereum exchange-traded fund (ETF) to March 5. Fidelity applied for approval of the Fidelity Ethereum Fund back in November 2023. In their request, the company pointed to a court decision from the previous year. The judges in that case noticed that the SEC hadn't clearly explained why they were turning down certain cryptocurrency investment funds while giving the green light to others based on futures contracts.

Such news should have prompted a bullish ETH price prediction. However, that is not the case. Ethereum (ETH) witnessed a 9% plunge within a week as the price moved from $2,490.05 on January 19 to $2,265.93 on January 27. This could be because investors are skeptical about trading Ethereum (ETH).

That said, experts have a positive ETH price prediction. Their forecasts suggest that Ethereum (ETH) will rise to $2,333.15 within the first week of February from its current price of $2,265.93, signifying a 2.97% surge. While this ETH price prediction is bullish, it is not significant enough to attract many investors to Ethereum.

Toncoin (TON) Bearish Despite Recent Partnerships: Struggles to Remain in $2 Zone

Toncoin (TON) went up to $2.70 in November 2023, the highest it had been in a month, due to a general upturn in the cryptocurrency market. However, this increase didn't last long, as Toncoin (TON) declined by 10% to $2.40 by December 1.

Even though the Toncoin (TON) has fluctuated, the Toncoin community has shared news about new partnerships. For example, they joined forces with Future3 Campus to launch the TON Bootcamp on November 22. Toncoin (TON) also got listed on the Paribu Exchange on November 27, and Animoca Brands became a major supporter of Toncoin (TON) on November 28.

Despite all these new partnerships, Toncoin (TON) hasn't risen. The cryptocurrency has experienced an 11.95% downturn within a month from December 29, 2023, when it was trading at $2.26, to January 27, when its value was $1.99. Moreover, analysts believe it will continue to be bearish and struggle to achieve and maintain the $2 mark. Ultimately, Toncoin (TON) may be a good crypto to buy, but it is not the best.

Algotech (ALGT) Emerges as a Top Player in the Digital Asset World

Algotech (ALGT) is a company that uses smart computer programs (AI and machine learning) to create special trading plans for different situations in the market. These plans help traders have a better chance of success. Algotech's (ALGT) strategies include following trends, looking at past price changes to predict future ones, taking advantage of sudden price movements, and profiting from price differences on different cryptocurrency exchanges.

Many investors are already interested in Algotech (ALGT) because it raised $1.1 million during its private seed sale. In Stage 1 of its public presale, Algotech (ALGT) investors are excited about the possibility of making big profits by buying the Algotech token (ALGT). The price is expected to go up by 275%, from $0.04 to $0.15, when ALGT is launched on major exchanges. This is a rare chance to make money with this beginner cryptocurrency.

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