Potential Crypto Gold: Top 3 Under $2 Coins Poised to Hit $25 by 2024

• Cryptocurrency Market Outlook for 2024
• Three Promising Cryptocurrencies Under $2
• Polygon (MATIC)
• XRP
• Cardano (ADA)

Cryptocurrency Market Outlook for 2024

The current cryptocurrency market seems to be in a minor correction phase. Nevertheless, this tide might shift as we approach the new year. Numerous analysts and investors are optimistic about an advantageous 2024 for the crypto market, with some anticipating a bull run akin to that of 2021. This expectation banks on the premise that the US Securities and Exchange Commission (SEC) would give the green light to a spot Bitcoin$42,260 -0.64% (BTC) Exchange Traded Fund (ETF). Add to this, the next Bitcoin halving cycle is slated for April, a development that might catalyze the asset's price. Hence, a new high for Bitcoin may set the stage for another bull run. Should this bull run eventuate, it could pave the way for new all-time highs for other cryptocurrencies.

Three Promising Cryptocurrencies Under $2

Let's delve into three cryptocurrencies trading under $2 that hold the potential to escalate to $25 in the coming year.

Polygon (MATIC)

Polygon$0.967 -3.65% recently achieved the $1 benchmark for the first time since April, although it has since declined below $1. Despite this fall, MATIC still boasts a commendable growth of over 30% in the past month. MATIC, a widely adopted network, could potentially touch new highs and shatter the $25 barrier in case of a 2024 bull run.

XRP

Ripple's XRP$0.620 -1.68% stands as one of the leading cryptocurrencies in the market. However, the asset's legal status remains in limbo due to its ongoing lawsuit with the SEC, which has now reached the US high court. The lower court favored Ripple, and many are hopeful of a similar ruling from the high court. If Ripple emerges victorious in the high court, XRP's price could experience a significant uptick. Additionally, a bull market could propel the token's value even further.

Cardano (ADA)

Cardano is yet another noteworthy cryptocurrency that could touch new heights in 2024. The project is renowned for its ongoing development activity and poses a formidable challenge to Ethereum$2,315 -2.42% (ETH). ADA might break the $25 barrier if a bull run takes place in 2024.

Edited by Jonathan Stoker