The cryptocurrency market is growing exponentially, with new coins emerging that prove their value. However, these new coins are yet to surpass the reliability of older crypto gems which are poised to gain better momentum sooner rather than later.
For example, community sentiment regarding XRP has softened over the past year. Although Ripple is destined to recoup its lost valuation, experts suggest that it may take some time before the coin reaches a robust price threshold.
In the meantime, here are the final three suggestions for coins besides XRP that could generate exceptional returns this bull season.
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Three Coins Poised to Generate Bullish Returns
Cryptocurrency #1: Cardano
Anticipation around the ADA is spreading like wildfire. The palpable energy that several crypto experts have invested in ADA suggests that Cardano has a stunning portfolio that is worth an investor’s effort and time.
Cardano recently won the L1 Best Blockchain award in Dubai. ADA is ready to adopt the Chang Fork integration, which should power its interoperability and help resolve scalability issues. The token could gain momentum as the community’s sentiments and awareness towards ADA increase to a skyrocketing level.
According to Coinpedia, ADA could see an increase until it reaches the $0.55 price mark by the end of April. Likewise, the end of 2024 could mark the start of a new price pedestal for Cardano, doubling its prices to $1.34.
“Currently trading at $0.46, Cardano coin price provides a buying opportunity as it could soon cross $1 and reach the $1.5 mark. Therefore, with a rise in 2024, Cardano prices are expected to create a new high of $2.02. TADA prices may stabilize at $1.37 by the end of 2024 due to exhaustion.
Cryptocurrency #2: Solana
Solana has holistically led the 2024 bull cycle. The blockchain has noted a surge in usage, surpassing giants like Ethereum and Bitcoin in terms of daily active address metrics.
Blockchain is also facing an increase in the number of pre-sale projects which has been a major force that has pushed the value of SOL up a notch. Additionally, the Solana blockchain underwent a major bug fix on April 15 that directly addressed its issues related to frequent system shutdowns or outages.
The network could note a wave of new users after the bug fix is rolled out, mainly attracted by Solana’s efficient and low-cost transaction methodology. The price of SOL will directly benefit from this change, providing exceptional returns to its holders.
According to Coinpedia, Solana could trade at $500 by the end of 2024.
“If Solana can overcome the challenges of the crypto-verse while resolving consensus issues, SOL prices could end in 2024 at a high of $500. On the other hand, if sentiments do not improve, the altcoin could settle at $90.
Cryptocurrency No. 3: Toncoin
Toncoin is another major player in this bull season, raking in profits at a rapid pace. One of the biggest price increases for toncoin comes from its utility being attached to Telegram. TG is a popular instant messaging app that uses TON as a source of advertising revenue. This development could also improve TON’s prospects of benefiting from better market dynamics.
In a interview Along with Tucker Carlston, Telegram CEO Pavel Durov openly explained that he holds “a few hundred million dollars” worth of BTC. Likewise, Durov has openly supported Toncoin, adding that it is poised to acclimatize and change the outlook of crypto for the better. Toncoin has also expanded its partnerships and alliances to ensure better use cases and integrations.
Also Read: Can Chainlink (LINK) Reach $20 After Bitcoin Halving?
According to CoinMarketCap, Toncoin could rise by $9-$10 this bull season.
“Toncoin is following an ascending channel trend, serving as strong support after consolidation, suggesting continued bullish sentiment. Toncoin could reach new highs around the 1.236 FIB level at $9, surpassing $8.
reference: watcher.guru