BTC - A Crypto Bull Market Is Coming: 2 Cryptocurrencies That Could Hit $1 in 2024
2024-03-12 04:45:00 ET
For crypto investors, this might come as a surprise: Approximately one-quarter of all cryptocurrencies ranked in the top 50 by market capitalization are trading for less than $1. And that's despite the backdrop of a roaring crypto bull market powered by Bitcoin (CRYPTO: BTC) , which is hitting new all-time highs.
While there might seem to be a relatively large pool of potential cryptocurrencies that could hit the $1 mark by the end of this year, there are only two that I think have a realistic shot of doing so: Cardano (CRYPTO: ADA) and XRP (CRYPTO: XRP) . Both are up more than 25% over the past 30 days, and both rank among the top 10 cryptos by market cap. Let's take a closer look.
This was supposed to be the year for Cardano , which is a rival to Ethereum (CRYPTO: ETH) in the Layer-1 blockchain market. Essentially, anything Ethereum can offer on its core blockchain, Cardano also can. That includes everything from non-fungible tokens (NFTs) and blockchain gaming to Web3 applications and decentralized finance (DeFi).
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A Crypto Bull Market Is Coming: 2 Cryptocurrencies That Could Hit $1 in 2024