We may have entered another high growth period for the crypto market, with its total value hitting $2 trillion — that’s $2,000,000,000,000 — for the first time since April 2022. That’s around R38 trillion at today’s USD/ZAR exchange rate.

Bitcoin (BTC) accounts for just over half of the total crypto market value. This means that the world’s largest cryptocurrency is now by itself more valuable than the combined worth of all companies listed on the Johannesburg Stock Exchange (JSE).

‍How Has the Market Performed in the Last 12 Months?

The crypto market soared by +76.1% over the past year, far outpacing the JSE Top 40 Index's negative return of -12.9% as well as the S&P 500 index’s AI-fuelled return of +18.9%. 

Notably, the crypto space had standout performers apart from Bitcoin (BTC). Ethereum (ETH), the second-largest cryptocurrency, saw its value jump by +69.9%, while Solana (SOL), now ranking fourth, surged an astonishing +314.0% over the year.

Altify's leading ETF-style Crypto Bundles, the Top 20 Market (T20M) and Top 10 Market (T10M), saw significant gains, thanks in part to the outstanding performances of Bitcoin and Solana. Both Crypto Bundles recorded gains of over 90%, showcasing one of the key advantages of diversification in the dynamic crypto market. This strategy highlights how investing in smaller emerging crypto assets, or "altcoins," can yield impressive returns.

So, Which Cryptocurrencies Will Be the Winners in 2024?

Sean Sanders, CFA Charterholder and the CEO of Altify, leads the Cape Town-based investment platform that offers an easy-to-use mobile app to its 80,000 users and is backed by notable investors, including Sabvest, a specialty investment group listed on the Johannesburg Stock Exchange.

“It’s impossible to know for sure which cryptocurrencies will be the star performers of the upcoming year” explains Sanders. He adds, "Trying to pick individual winners in the crypto market is more akin to gambling than investing. It carries a high level of risk due to the market's inherent volatility and the early stage nature of this evolving industry. This is exactly why we at Altify created our Crypto Bundles — to offer a smarter investing approach where you can invest in the future of crypto, or a crypto sector, rather than just a specific coin.

Like an exchange traded fund (ETF) or index fund, Crypto Bundles enable you to easily and cost effectively diversify across the entire crypto market, or a more focused crypto sector like DeFi (Decentralised Finance), the Metaverse, or Web 3.0, with just one investment. 

You can think of a Crypto Bundle like buying the JSE Top 40 or S&P 500 index but for crypto.

For a limited time, until the 8th of March 2024, Altify is waiving all buy fees on their Crypto Bundles. Discover more about this offer here.

Each of Altify’s 13 Crypto Bundles automatically update every month. This ensures that you own the largest and by default the biggest success stories in the crypto space, with the underperformers being automatically removed.

This approach offers a hassle-free method to secure widespread exposure in the rapidly evolving crypto landscape, without the need for continuous management or extensive research.

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