3 High Growth Crypto You Should Buy for a Late-2024 Boom

There is undoubtedly a lot of upside potential for buyers of high-growth crypto. This benefit comes at a price, of course. Smaller and less well-established projects may be accelerated by incentives or other external factors. And the truth is that many of these initiatives will not last long.

Nevertheless, there are plenty of high-growth crypto to consider outside of the small-cap space. In this post, I have selected three projects that can offer investors very respectable returns for steady, long-term profits. In light of the recent developments surrounding spot ETF approvals, the meme rally and other speculative activity in the sector, I would focus on the following three projects at the moment for investors hoping to profit from this rally.

High Growth Crypto You Should Buy for a Late-2024 Boom

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Solana (SOL-USD)

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Solana (SOL-USD), a project known as an Ethereum (ETH-USD) alternative, is now booming in the NFT and DeFi domain. Compared to ETH, which can only handle 15-20 transactions per second, this level-1 crypto network can process more than 50,000 transactions per second.

As the cornerstone of Saga Phone, Solana’s mobile crypto strategy seeks to attract new customers by offering unique applications and experiences. A meme coin-driven marketing campaign has led to sales spikes despite a good start. According to VanEck, the “killer app” could increase Solana’s price to more than $3,200 by 2030.

Most cryptocurrency investors already know that the first spot-price ether ETF was recently approved by the SEC. Now, many analysts speculate that the Proof of Stake (PoS) consensus for both projects is the same, a future spot Solana ETF approval could be planned. This example could help make the bull argument for the Spot Solana ETF by showing that the SEC views Ether as a commodity. In addition to natural network expansion, I believe this catalyst alone makes Solana the best high-growth cryptocurrency to invest in.

Avalanche (AVAX-USD)

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Avalanche (AVAX-USD) offers affordable support for smart contracts and decentralized apps. The project’s latest Durango upgrade, which includes a teleporter platform for smooth blockchain data sharing, has boosted Avalanche’s AVAX token by 50% in a short period of time.

Avalanche has shown resilience during turbulent times in the cryptocurrency industry. Although Bitcoin has fallen to around $71,500, Avalanche has distinguished itself by rising above its 20-day exponential moving average. Given the recent slight drop in the value of the token, many technical experts believe that this is the ideal moment to establish a position.

The main justification for buying and holding Avalanche cryptocurrency for the long term is the company’s sub-net infrastructure. I am by no means a technical expert, but if near-term technical charts indicate that now is a good time to buy, I should at least draw the reader’s attention to what others are saying about it.

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Jupiter (JUP-USD)

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Since its launch earlier this year, one of the more erratic coins on the market has been Jupiter (JUP-USD). Jupiter, an early-stage Solana-based swap aggregator, has grown rapidly to become a major player in DeFi. By aggregating liquidity from multiple DeFi platforms, the idea provides fast and easy token swaps. The rapid adoption of the project exceeded the expectations of most in the sector, with Jupiter momentarily overtaking Umniswap (UNI-USD) to hold the title of the largest DEX in terms of volume.

This trend may continue, and if it does, the effort could benefit greatly. The problem with this project is that, since it is the most recent selection on the list, the risks associated with almost every aspect are heightened.

For individuals looking to get in on the rapidly expanding field of decentralized cryptocurrency trading, this is undoubtedly a speculative choice, but for now, it is my number one choice.

Chris MacDonald had no direct or indirect holdings as of the publication date of the securities discussed in this article. The author’s opinions are expressed in this post in accordance with InvestorPlace.com publication guidelines.

Over the past 15 years, Chris MacDonald has held a number of executive positions in venture capital and corporate finance as well as an MBA in finance with a passion for investing. His penchant for finding cheap growth opportunities and his previous expertise as a financial analyst have shaped his cautious, long-term investment approach.

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