News
3 cryptocurrencies to turn $100 into $1,000 by the end of 2024
In recent months, the cryptocurrency market has taken on an aura of frustration for them – if not even desperation investors trying to take advantage of cryptocurrencies’ tendency to rapidly multiply their value during bullish cycles.
The greats of cryptography like Bitcoin (Bitcoin) AND Ethereal (ET) have been mostly stagnant but have also seen significant price declines, like those they are experiencing at the time of publication, while also the memetic coin “fiesta” is It is said to be near the end.
Despite the recent trends – and although some believe that cryptocurrency rising market It may already be over: many still believe that the June decline is just a period of calm in a cycle that will soon reignite and take numerous digital assets to ever higher highs.
Whatever the situation may be for the cryptocurrency market in general, there remain several coins and tokens that have the potential to skyrocket 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 trouble – 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 daily volume made many to suspect Wash trading has been used to inflate the numbers, and much of Solana’s popularity is little 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. Given that Solana is considered the most likely cryptocurrency to have an exchange-traded fund (ETF) approved, after Ethereum, of course, could reach unprecedented levels before the end of 2024.
24 hour SOL price chart showing the immediate effects of the VanEck request. Source: Finbold
Ripple (Ripple)
The argument in favor XRP likely surge has remained largely unchanged for years. XRP is one of the major cryptocurrencies whose price is severely depressed by the long legal battle between Ripple and the SEC. On the basis of this evaluation it is clear that, if l regulator losing the battle in the next round of court battles, XRP has the potential to rise if the consequences of the first case are anything to go by.
Although the topic is relatively old, it has been strengthened by several developments over the past 12 months. The most recent of these is that the SEC’s authority appears to be in decline.
While far from being a final blow to the Ripple battle, the Supreme Court of the United States (SCOTUS) dominant against the regulator’s ability to use internal rules has certainly hindered the SEC’s ability to prevail in future cases.
Overall, the Commission is under increasing pressure Monetary base (NASDAQ: CURRENCY) recently filed its own cause against this and numerous other agencies, and Ripple has even scored the occasional victory over the months.
WAREHOUSE (TRUMP)
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 the cryptocurrency markets and has spawned numerous meme coins centered on one of the two main 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.
This idea became even truer on June 28, given reports that the Democratic Party is trying to replace the elderly President at the November polls following his performance during the June 27 debate.
Among Trump’s cryptocurrencies, the biggest reaction if he wins will likely come from the MAGA (TRUMP) meme coin. Not only is it the largest of the group, with a market capitalization of nearly $350 million, but it has already shown strong reactions to candidate news.
Interestingly, the MAGA meme coin recorded its largest spike and all-time high (ATH) the day after former President Trump’s conviction. Overall, the cryptocurrency’s price, at the time of publication, stands at $7.96 and is up 47.932% on the all-time chart.
Disclaimer: The content of this site should not be considered investment advice. Investing is speculative. When you invest, your capital is at risk.