The cryptocurrency market seems to hold strong towards the end of 2023, with a few projects witnessing an impressive Christmas rally. The market has more-or-less turned around from the woes of last year. By the looks of it, 2024 might be an explosive year for the crypto space.
Let’s look at the top 3 cryptocurrency projects that could give 100x returns in 2024.
Top 3 cryptocurrencies that could 100x in 2024
Solana (SOL):
Solana (SOL) is one of the best-performing cryptocurrencies in 2023. Since January, SOL’s price has risen by over 1100%. Bitcoin (BTC), on the other hand, has rallied by only about 160%. Moreover, SOL’s performance seems to be unbothered by FTX’s selling its holdings. SOL makes up most of the exchange’s funds, with over $1 billion worth of tokens.
Also Read: Solana Success Story: Trader Turns $92 Into $1.55 Million
Moreover, the cryptocurrency’s stellar performance might not be over just yet. There is a possibility that the crypto market will enter a bull run in 2024. If so, SOL’s price may skyrocket.
XRP:
XRP is another popular cryptocurrency that has seen lucrative growth in 2023. Since January, the token’s price has surged by about 87%. Although XRP’s growth is tiny compared to Solana (SOL), the token has immense growth potential.
Also Read: Ripple: Here is Why XRP Could Hit an All-Time High in 2024
One of the biggest drivers for XRP’s price in 2024 would be a favorable ruling by the US high court in the SEC vs. Ripple lawsuit. Although a district court has already ruled in favor of Ripple, the suit has now entered the high court. Many expect the high court to give a similar verdict to the district court. With a favorable ruling and a cryptocurrency market bull run, XRP’s price could go through the roof.
Shiba Inu (SHIB):
SHIB is one of the most popular cryptocurrencies out there. However, the token’s price has struggled for most of 2023. Despite having a major layer-2 network launch, SHIB’s price did not make the gains fans and investors hoped for. Nonetheless, if the crypto market entered a bull run in 2024, SHIB’s price could skyrocket.