The cryptocurrency market shows signs of recovery, with Bitcoin (BTC) climbing 8.4% in the last 24 hours to reclaim the $66k level. Nonetheless, the market is still in the reds over the weekly charts, triggered by a sell-off last week. However, with BTC’s halving just around the corner, we may witness another market rally soon.
Therefore, let’s look at three coins that could surge up to 10x this year.
Top 3 cryptocurrencies that could rise 10X
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular crypto assets in the market. During the 2021 bull run, SHIB’s price rallied by many thousand percent. There is a possibility that the dog-themed crypto will display a similar pattern in the next bull run.
Also Read: Cryptocurrency: Top 3 Coins To Watch For March-End 2024
Additionally, the SHIB team has said the asset’s price could reach $0.00008845 before BTC’s halving in April. Hitting $0.00008845 from current levels would translate to a growth of over 234%. Moreover, it would also be a new all-time high for the cryptocurrency.
Furthermore, the SHIB team is working on a new burn mechanism, rumored to burn trillions of tokens yearly. If the team can drastically reduce the cryptocurrency’s supply, we may witness a massive price spike.
Cardano (ADA):
Cardano (ADA) is another popular cryptocurrency that could surge 10X this year. According to analyst Ali Charts, the asset’s current pattern resembles that observed from 2018 to 2021, just before the asset hit an all-time high. Ali says if this pattern continues, ADA could consolidate between $0.55 and $0.80 in the coming weeks.
Also Read: Top 3 Cryptocurrencies to Watch Before Bitcoin Halving
However, the analyst notes that the consolidation period will be followed by a surge to $1.70, rising by about 150% from current levels. Furthermore, Ali Charts says that a rally to $1.70 could set the stage for a breakout to $5.
XRP:
XRP has had a slow rally despite other assets hitting double-digit rallies during the February rally. XRP’s lackluster performance could be due to Ripple’s ongoing lawsuit with the SEC (Securities and Exchange Commission). If Ripple receives a favorable ruling from the high court, we may witness a sudden surge in XRP’s adoption and price.