Cryptocurrency Investors Share Their Top Pick for 2024

In the ever-evolving world of cryptocurrencies, investors are constantly on the lookout for the next big thing. A recent survey conducted by Coin Bureau has shed light on the preferences of crypto enthusiasts for the upcoming year. With 836,000 followers, Coin Bureau is a well-known commentator in the cryptocurrency space.

The survey asked participants which cryptocurrency they plan to "HODL" (a popular term for holding onto digital assets) in 2024. Four options were presented: SEI, AVAX, SUI, and NEAR. The clear winner of the survey was AVAX, with a whopping 43.1% of the votes, leaving the second option, SEI, trailing by approximately 15.6%.

AVAX, also known as Avalanche, has been gaining significant traction in the crypto world. Its price started to rise after hitting a low of $8.65 in October, surging by 425% in just 63 days and reaching a yearly high of $46.40. However, it still lags significantly behind its peak value of $144.96, achieved in November 2021.

But it's not just retail investors who have faith in the future of AVAX. Grayscale, a digital asset manager, recently adjusted the weightings of its key products in its portfolio, including AVAX in its Digital Large Cap Fund.

Now, the Digital Large Cap Fund consists of 69.15% BTC (Bitcoin), 21.90% ETH (Ethereum), 3.68% SOL (Solana), 1.62% ADA (Cardano), 2.54% XRP (Ripple), and 1.14% AVAX. This move by Grayscale reflects growing institutional interest in AVAX and its potential for the future. Cryptocurrency investors will undoubtedly be keeping a close eye on AVAX as they navigate the crypto landscape in 2024.