The cryptocurrency market saw incredible growth in 2023. Things look to go similarly in 2024, with Bitcoin (BTC) beginning the year by surpassing the $45k mark for the first time since March 2022. Moreover, there is a lot of talk about a potential bull run for the crypto market in 2024. The SEC (Securities and Exchange Commission) might approve one or more spot BTC ETFs (Exchange Traded Funds) in January 2024, and BTC will undergo its halving cycle in April. Both developments could lead to a surge in crypto prices.
Therefore, let us look at a few cryptocurrency tokens that could make you wealthy in 2024.
Top 3 cryptocurrencies that can generate wealth in 2024
XRP:
XRP is one of the most popular crypto tokens in the market. The asset saw a surge in its price in 2023 after a district court ruled that Ripple’s sale of XRP to retail clients did not breach securities laws. However, the SEC’s lawsuit against the fintech company has entered the high court. If the high court rules similarly to the district court, we may see another surge in the cryptocurrency’s price. However, we do not have a date for when the ruling might be out.
Also Read: Ripple: How High Can XRP Rise In January 2024?
Solana (SOL):
Solana (SOL) is among the best-performing cryptocurrencies of 2023. Although the token’s price dipped towards the end of December, it has begun to rally once again, gaining almost 10% in the last 24 hours. SOL may continue its bullish trajectory from 2023 and surpass its all-time high of $259.96, which it attained in November 2021.
Shiba Inu (SHIB):
Also Read: Shiba Inu: Shibarium To Start Burning SHIB Tokens From January 2024
Shiba Inu (SHIB) is one of the most popular memecoin in the market. However, significant memecoins, like Dogecoin (DOGE) and Shiba Inu (SHIB), took a back seat in 2023. If we enter a bull market this year, we may see new highs for dog-themed cryptocurrencies. SHIB could see a surge in adoption as more applications build on its Shibarium network.