The cryptocurrency vertical is undergoing massive upheaval. Several crypto tokens are benefiting from the current bullish momentum, while others are facing the onslaught of bearish investor sentiment.
Despite frequent market instability, several tokens have emerged stronger than ever and are expected to climb above their usual price thresholds.
Here are the top three cryptocurrency tokens expected to rise despite high market volatility.
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Top 3 Coins to Peak Despite Market Instability
#1: Ethereum
Ethereum is one of the notable cryptocurrencies that are expected to see significant growth in the near future. The token gained popularity amid talks that Ethereum would benefit from its spot ETFs very soon. Once confirmed, the ETF’s spot procedure can catapult the price of ETH, helping the token skyrocket against all odds.
According to Coinpedia, Ethereum could rise and trade at $10,000, averaging around $5,871 by the end of 2024.
“Beyond overhead resistance, ETH price exceeds the $4,000 barrier. Additionally, the rally on a breakout signals a longer uptrend and avoids a deadly crossover in the weekly chart. If buyers exceed Ethereum’s market cap above $5,000, the continuation of the uptrend can increase exponentially in 2024. With Potential Spot ETF Approvals and Bitcoin Halving Effect on Altcoins , the price of ETH can reach $10,000.
#2: Ripple (XRP)
Ripple’s promising array of partnerships and alliances have recently propelled XRP to new levels. The token could break several price barriers once the verdict regarding the SEC vs. Ripple case becomes clearer, helping XRP enjoy a massive price surge. At the same time, a Ripple stablecoin launch is also underway, which could significantly improve XRP’s current market position and flow.
According to Coinpedia, XRP could trade at $2, averaging around $1 to $1.60 by the end of 2024.
“A pivotal moment will be the crossing of the $1 mark; breaking this level could significantly increase the likelihood of the price reaching the potential high of $2.23. Conversely, if the downtrend persists and the price falls below $1.60, it could signal an extended breakout phase.
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#3: DogWifHat
DogWifHat is another promising crypto token that is expected to rise by 200% by the end of May 2024. The token has recently been showing stellar returns, enticing new and old investors to try their hand at exploring the field of currencies and meme tokens.
WIF has long been trading in the green, despite eroding market momentum. The token’s trajectory indicates how strong WIF is in terms of investor sentiment, signaling its impending success.
According to CMC, DogWifHat is currently trading at $2.90. The token could rise and trade at $5 by the end of 2024.
“If the Dogwifhat (WIF) project releases impactful updates and announces major collaborations, the WIF price with potential upside could reach a maximum of $5.12, following the “Bitcoin Halving” event which took place during the second quarter,” Coinpedia later adds.
reference: watcher.guru