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Cryptocurrencies Expected to Reach $10 in 2024
Filecoin addresses the growing demand for secure data storage. Decentralized network; It offers an alternative to traditional cloud storage platforms that promise enhanced security, lower costs, and user control.
As awareness of data privacy issues grows and Web3 applications gain momentum, FIL may rally towards the $10 levels.
In particular FIL performed well in 2023. However, the recent market decline has also affected FIL, and it is currently trading at $4.96, down 15% FIL over the past seven days.
Lido DAO (LDO)
Lido DAO makes it simple to participate in Proof-of-Stake (PoS) blockchains such as Ethereum (ETH). It pools user funds, allowing anyone to run their own validator nodes and earn staking rewards without technical barriers.
This accessibility, combined with Lido's growing influence in the Ethereum ecosystem, makes LDO a potential pioneer in the DeFi space and lays the groundwork for a potential increase in its price.
On the LDO-day chart, it was up about 7% to trade at $2.91, and on the weekly chart, the LDO was down more than 7%.
Arbitrum (ARB)
Ethereum, the leading blockchain platform, is often notorious for its issues such as congestion and high transaction fees. Arbitrum emerged as a Layer 2 scaling solution that offered faster and cheaper transactions while inheriting Ethereum's security.
As DeFi activity on Ethereum continues to increase, Arbitrum's ability to alleviate scalability issues could pique users' interest and increase demand for ARB.
ARB traded at $1.69, down 13% on the weekly chart.
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