The cryptocurrency market seems to be facing a slight correction right now. However, this may soon change as we enter the new year. Many investors and analysts believe 2024 will be a lucrative year for the crypto market. Some even say we may enter a 2021-like bull run, given that the US SEC (Securities and Exchange Commission) approves a spot Bitcoin (BTC) ETF (Exchange Traded Fund). Moreover, BTC will undergo its next halving cycle in April, which may further push the asset’s price. BTC reaching a new high could potentially bring forth another bull run. If we enter another bull run, other cryptocurrencies may also hit new all-time highs.
Also Read: Top 3 Best-Performing Cryptocurrencies of 2023
Without further ado, let’s look at three cryptocurrencies under $2 that could reach $25 next year.
Top 3 cryptocurrencies under $2 that could hit $25
Polygon (MATIC):
Polygon (MATIC) recently surpassed the $1 mark for the first time since April. However, the asset’s price has fallen below $1 again. Despite the correction, MATIC is still up by over 30% over the last month.
MATIC is one of the most popular networks out there. If we enter a bull run in 2024, the asset may surge to new highs and breach the $25 mark.
Also Read: Top 3 Cryptocurrencies That Could 100x in 2024
XRP:
Ripple’s XRP is one of the most popular cryptocurrencies in the market. However, the asset’s legal status remains uncertain, given that its lawsuit with the SEC has entered the US high court. Ripple received a favorable verdict in the district court, and many anticipate a similar ruling from the high court.
If Ripple wins in the high court, XRP’s price may skyrocket. Moreover, a bull market will push the token even further.
Cardano (ADA):
Cardano is another popular cryptocurrency that could surge to new highs in 2024. The project is known for its developmental activity and is a strong contender to Ethereum (ETH). There is a possibility that ADA will breach the $25 mark if we enter a bull run in 2024.
Also Read: Cardano (ADA) Eyeing a 20% Surge to End 2023?