These 3 cryptos are poised to grow

In the first three months of 2024, the total crypto market capitalization increased by 50% to over $2.6 trillion, just below the all-time high of $2.9 trillion. However, since April, the market is down 23%, with many cryptocurrencies trading close to where they started the year.

Despite this decline, the overall trend suggests that we are still in a bull market. History shows that momentum will eventually pick up again, and when it does, these three cryptocurrencies are poised to be the biggest winners.

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1. Ethereum: Set for a strong comeback

Among the hardest hit during the recent volatility, Ethereum (ETH -0.46%) it has posted virtually no gains since the beginning of the year. For many ETH holders, the stagnant price has been a disappointment as other Tier 1 cryptocurrencies have taken off.

However, it is essential to recognize that the cause of this slowdown is temporary. Unlike other cryptocurrencies, Ethereum has an unlimited supply. But rather than continuously minting new coins, Ethereum goes through phases of inflation and deflation based on the number of transactions on the network. The more transactions that occur, the more ETH is burned from the supply. But when trading slows, supply can increase.

While Ethereum’s supply was deflationary from mid-2022 to early 2024, around April of this year, things turned around, and Ethereum experienced a notable increase in inflation. This, combined with a large sell-off, caused the price of Ethereum to struggle.

But it’s important to note that Ethereum’s fundamentals remain incredibly strong. As the most widely used blockchain for decentralized finance (DeFi) applications, Ethereum supports over 50% of the DeFi market and hosts several Tier 2 solutions that support even more use cases.

Additionally, Ethereum ranks near the top in terms of revenue. It generated $2 billion in the past year, far outpacing its competitors. Once its supply returns to a deflationary trend, Ethereum is well-positioned for significant price growth, making it a prime candidate for a bull market resumption.

2. Solana: Prepared for explosive growth

Solana (SOL -0.86%) has quickly gained prominence in this bull market due to lightning fast trading speeds and low fees. While Solana is up more than 500% in the past year, it is still 50% below its all-time high. However, the current state of Solana network metrics — such as transactions per day, active addresses, and total fees — have more than tripled from just a year ago.

Like Ethereum during the previous crisis, Solana is benefiting from a rise in innovative use cases, from meme coins to Decentralized Physical Infrastructure Networks (DePIN). Its rising popularity in key metrics suggests Solana is poised for another leap. As the bull market gains traction, Solana could very well take center stage and deliver impressive gains.

3. Airfield: The Hidden Gem

Although Ethereum and Solana are well-known, there is a newcomer that deserves attention — Aerodrome (AERO 0.29%). Arguably a more speculative piece, but with huge potential, Aerodrome is the dominant decentralized exchange (DEX) on one of the world’s most popular blockchains, Base. Unlike other blockchains, Base does not have its own native token, leaving Aerodrome as the preferred option for investors looking to capitalize on Base’s explosive growth.

Since launch, Aerodrome has captured over 90% of the DEX volume on Base and ranks among the top revenue generating protocols in the entire crypto industry. Thanks to its MetaDEX model, which combines elements of popular DEXs such as Uniswap and CurveAerodrome is designed to reward its users and token holders by redistributing the significant revenue they generate.

While Aerodrome has seen its price drop about 60% from its peak, this correction presents an excellent buying opportunity for those with a higher risk tolerance. Aerodrome could see explosive growth in the next phase of the bull market, driven by its dominance of the most popular new blockchain.