Forecast: Top 3 Cryptos Poised to Smash Records in 2024

• Cryptocurrency Market Experiences Dip, Potential 2024 Bull Run Anticipated
• Potential Catalysts for 2024 Bull Run
• Three Crypto Projects Expected to Reach All-Time Highs by 2024
• Bitcoin (BTC)
• Solana (SOL)
• XRP

Cryptocurrency Market Experiences Dip, Potential 2024 Bull Run Anticipated

In recent days, the cryptocurrency market has experienced a significant downturn. Bitcoin$42,260 -0.64% (BTC), after briefly exceeding the $44k mark, has seen a drop below $41k. Numerous analysts are predicting a bullish trajectory for the crypto market by 2024, fueled by various market developments.

Potential Catalysts for 2024 Bull Run

Among the reasons underlining a potential bull run is the US Securities and Exchange Commission's (SEC) possible approval of a Bitcoin spot ETF (Exchange Traded Fund). This, coupled with the upcoming halving cycle of BTC slated for April 2024, could propel the market towards a bullish run similar to 2021.

Three Crypto Projects Expected to Reach All-Time Highs by 2024

Given the predicted bull market for 2024, we can examine three cryptocurrency projects that may reach new all-time highs.

Bitcoin (BTC)

If the anticipated bull run transpires in 2024, BTC is likely to be the frontrunner among other cryptocurrencies. The bull run's likelihood is largely dependent on the approval of a BTC spot ETF and the BTC's halving cycle. As such, BTC could potentially set a new record high in the coming years.

In 2023, BTC led the market with a growth of almost 150% since January. Nevertheless, the asset has experienced a dip in recent days, likely a reaction to the Federal Reserve's stance on interest rates.

Solana (SOL)

One of 2023's standout performers was Solana$104 5.03% (SOL), which saw an impressive increase of over 500% since the start of the year. Despite being hit hard by the FTX$3.28 -5.38% fallout, SOL has proven to be a resilient project capable of weathering market volatility.

Currently, SOL is down by 74.6% from its all-time high of $259.96, achieved in November 2021, mirroring a pattern similar to BTC's ATH progression. This pattern could potentially repeat in 2024.

XRP

Ripple's XRP$0.620 -1.68% is currently one of the market's most popular cryptocurrencies. The asset's price could potentially surge to new heights by 2024. Looming legal uncertainty regarding XRP's classification as a security or non-security could impact its future.

If the higher court follows the district court's lead and classifies retail sale of XRP as non-security, the cryptocurrency could see an influx of new users and a resultant price increase.

Edited by Jonathan Stoker