Markets
3 Cryptocurrencies That Will Turn $100 Into $1,000 By The End Of 2024
In recent months, the cryptocurrency market it took on an aura of frustration – if not downright desperation – for them investors trying to take advantage of cryptocurrencies’ tendency to rapidly multiply their value during bullish cycles.
Cryptography greats like Bitcoin (Bitcoin) AND Ethereal (ETH) have been mostly stagnant but have also seen significant price drops, such as the ones they are experiencing at the time of publication, while also the memetic coin “party” it is it is said to be nearing its end.
Despite the recent trends – and although some believe that cryptocurrency rising market it could already be at the end: there are still many who believe that the decline in June is nothing more than a quiet period in a cycle that will soon reignite and bring numerous digital assets to ever higher highs.
Whatever the case with the broader cryptocurrency market, there remain several coins and tokens that have the potential to explode before the end of 2024.
Solana (SOL)
Starting from the end of June 2024, Solana (SOL) is in a precarious position. The fact that it was such a popular blockchain for millions of new projects has exposed the Solana network to both criticism and potential legal problems – if recent rumors of a “huge case” they are real.
Additionally, the SOL ecosystem was put to the test on June 27 after a 90% decline. stable currency the daily volume has made many to suspect Publicity stunts have been used to inflate the numbers, and much of Solana’s popularity is nothing more than smoke and mirrors.
Despite this, SOL has also proven to rise rapidly on positive news as it did after VanEck plans to establish a trust for the token have been revealed. Since Solana is considered the cryptocurrency most likely to have an exchange-traded fund (ETF) approved, after Ethereum, of course, could reach unprecedented levels before the end of 2024.
SOL 24-hour price chart showing immediate effects of VanEck presentation. Source: Finbold
Ripple (Ripple)
The topic for XRP likely surge has remained largely unchanged for years. XRP is one of the main cryptocurrencies whose price is strongly depressed by the long term legal battle between Ripple and the SEC. On the basis of this evaluation it is clear that, if l regulator If it loses the battle in the next round of legal battles, XRP could see a surge, considering the consequences of the first case.
Although the topic is relatively old, it has been reinforced by several developments in the last 12 months. The most recent of these is that the SEC’s authority appears to be in decline.
While far from a final blow to Ripple’s battle, the US Supreme Court (SCOTUS) dominant against the regulator’s ability to use internal rules has certainly hampered the SEC’s ability to prevail in future cases.
Overall, the Commission is under increasing pressure Monetary base (NASDAQ: CURRENCY) has recently filed its cause against this and numerous other agencies, and Ripple has even scored the occasional victory over the months.
MAGA (TRUMPET)
The talk of the town, or rather, the talk of the town shining on a hill, in 2024 was the upcoming presidential election. The trend is also translated in cryptocurrency markets and has spawned numerous meme coins centered around one of the two leading candidates – Joe Biden and Donald Trump – and several non-fungible tokens (NFTs) collections.
While all candidate-related cryptocurrencies could theoretically skyrocket if the associated politician wins, at the time of writing MAGA tokens appear much more likely than Biden’s.
The idea only became more real on June 28, given the news that the Democratic Party is present trying to replace the elderly President in the November runoff after his performance during the June 27 debate.
Among Trump’s cryptocurrencies, the strongest reaction to a win is likely to come from the MAGA meme coin (TRUMP). It is not only the largest of the bunch, with a market cap of nearly $350 million, but has already shown strong reactions to news related to the candidate.
Interestingly, the MAGA meme coin saw its largest spike and all-time high (ATH) one day after former President Trump’s conviction. Overall, the price of the cryptocurrency, at the time of publication, is $7.96 and is up 47,932% on the all-time chart.
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