In 2024, Coinhouse identified five promising cryptocurrencies: Bitcoin, Ethereum, Polygon, Avalanche, and Cosmos. As the year comes to an end, it is time to evaluate their performances and look forward to 2025 to understand the future prospects of these digital assets.
Advantages of Selected Cryptocurrencies
Coinhouse chose these five cryptocurrencies as they were well-positioned to be the most promising in 2024. Let’s find out what the reality is and what to expect in 2025.
Bitcoin and Ethereum Analysis
Bitcoin was expected to benefit from ETF approvals and halving in 2024, pushing its value to $105,000 by December. The forecast for 2025 fluctuates between $75,500 and $150,000, with a peak potential of $180,000. Ethereum saw increased adoption due to its openness to DApps, ETF approvals, and Shanghai update, reaching a value of $4,001. The forecast for 2025 suggests it could range from $3,105 to up to $5,888.
Evaluation of Polygon, Avalanche, and Cosmos
Polygon served as a critical layer 2 solution for Ethereum, peaking at $1.28 in April and subsequently dropping to $0.61. Predictions for 2025 range from $1.50 to $2.00. Avalanche grew by 23.18% in 2024, with a current price of $47.14 and expectations between $62 and $100 for 2025. Cosmos experienced a 60% rise, reaching $8.48 by year's end, with 2025 forecasts ranging from $10 to $15.
Bitcoin, Ethereum, Polygon, Avalanche, and Cosmos were undoubtedly the most promising cryptocurrencies for 2024. With predictions suggesting continued high returns, the key challenge is selecting the right investment platform.
