Get answers to your crypto investment questions. Learn about trends, promising coins, market risks, and whether investing in cryptocurrency is wise in 2024.

Despite a buoyant surge in Dec. 2023, leading to an over 16% increase in the total crypto market cap to reach $1.66 trillion as of Feb. 6, we still find ourselves in the shadow of the highs of 2021.

Amid this, 2024 started off with good news, Bitcoin (BTC), finally received a nod with the SEC’s approval of spot Bitcoin ETFs, hinting at an institutional embrace that could funnel fresh capital into the market. 

The anticipation of Bitcoin’s halving in April teases a possible supply shock, fueling speculations that could redefine market dynamics​​. 

Meanwhile, an upcoming update is expected to reduce Ethereum’s (ETH) gas fees. It is predicted that this could result in average transaction fees dropping to less than $0.01, enhancing Ethereum’s competitiveness and attractiveness for users.

There also are predictions of crypto becoming the native currency of the internet as AI assistants adopt it for transactions, painting a picture of a sector on the brink of mainstream adoption​​.

Yet, as we stand at this juncture, the question that looms large is: is crypto still a good investment in 2024? Let’s find out.

Is crypto worth investing in 2024?

Exploring the question of is crypto still a good investment in 2024, let’s uncover several key trends and factors that could influence the crypto market this year:

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Author: Ankish Jain

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