Potential 100x Returns: The Top 3 Cryptos to Watch in 2024

• Cryptocurrency Market Forecast for 2024
• Top 3 Cryptocurrencies with Potential 100x Returns in 2024
• Solana (SOL)
• XRP
• Shiba Inu (SHIB)

Cryptocurrency Market Forecast for 2024

The cryptocurrency market is displaying resilience as 2023 comes to a close, with several projects experiencing quite the festive rally. The current market dynamics signal a marked deviation from the previous year's challenges. If current trends persist, one could expect a volatile and potentially profitable 2024 for the realm of cryptocurrencies. The spotlight now shines on three cryptocurrencies poised to offer up to 100x returns in 2024.

Top 3 Cryptocurrencies with Potential 100x Returns in 2024

Solana (SOL)

Solana$104 5.03% (SOL) is one of the standout cryptocurrencies of 2023. Its price trajectory since the year's beginning has been anything but modest, boasting a staggering 1100% increase. In comparison, Bitcoin$42,260 -0.64% (BTC) has charted a somewhat modest rally of 160%. Despite FTX$3.28 -5.38% offloading its holdings, Solana's stock seems undeterred, accounting for a significant portion of the exchange's funds, exceeding the billion-dollar mark. This robust performance doesn't look like it's going to ease up any time soon. If the cryptocurrency market experiences a bull run in 2024, SOL's price might reach new heights.

XRP

XRP$0.620 -1.68% has been another cryptocurrency to watch, showing attractive growth in 2023 with a price surge of roughly 87%. While this growth may pale in comparison to Solana (SOL), it is believed that XRP shows massive growth potential. A key determinant of XRP's price in 2024 could be a positive verdict from the US high court in the SEC versus Ripple lawsuit. A precedent has already been set with a district court ruling in favor of Ripple. If the high court parallels this decision and combined with a bullish cryptocurrency market, XRP's price could surge significantly.

Shiba Inu (SHIB)

Shiba Inu$0.000010 -2.05% (SHIB) has captured significant attention in the cryptocurrency community. However, the token's performance over the course of 2023 has been less than stellar. Despite the launch of a significant layer-2 network, SHIB's price has failed to deliver the anticipated gains. Nonetheless, should the cryptocurrency market enter a bull cycle in 2024, enthusiasts expect a drastic upturn in SHIB's price.

Edited by Jonathan Stoker