Holiday Hotlist: Top 3 Cryptocurrencies to Keep an Eye On

• Cryptocurrency Market Update
• 2024 Bull Run Predictions
• The Top 3 Cryptocurrencies to Monitor this Holiday Season
• Bitcoin (BTC)
• Solana (SOL)
• Avalanche (AVAX)

Cryptocurrency Market Update

The recent week has seen a downturn in the cryptocurrency market with the global market cap dipping to $1.62 trillion, a 2.2% decline in the past 24 hours. Regardless, several market analysts forecast a possible upswing as we head into the holiday season.

2024 Bull Run Predictions

Experts anticipate a strong bull run in the crypto market by 2024. This positive outlook is driven by the potential introduction of a spot Bitcoin$42,260 -0.64% (BTC) Exchange Traded Fund (ETF) and the forthcoming BTC halving event. The prospect of a bull run could incentivize investors to acquire more assets in the closing week of December, potentially leading to a surge in prices.

The Top 3 Cryptocurrencies to Monitor this Holiday Season

Bitcoin (BTC)

Bitcoin (BTC), the current front-runner in the market, could see a price increase later this month. This surge could be attributed to the potential for a spot BTC ETF launch early next year. In a recent interview with CNBC, Jan Van Eck, the CEO of VanEck, expressed optimism about BTC, suggesting it could reach a new peak in the next year.

Solana (SOL)

Solana$104 5.03% (SOL), one of the stellar performers of 2023, has experienced a price increase of over 597% since January 2023, significantly exceeding Bitcoin's performance within the same period. Despite a recent 4.8% correction, SOL could see another price surge by the year's end.

Avalanche (AVAX)

Avalanche (AVAX) enjoyed a price surge earlier this month, following its collaboration with JPMorgan and Citi, and a significant token unlock. Despite a 7.5% correction in recent days, it is still 11% higher than the previous week and might experience another price increase during the holiday season.

Edited by Jonathan Stoker