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3 coins poised for a rally despite market instability
The cryptocurrency vertical is undergoing a major upheaval. Several crypto tokens are enjoying continued bullish momentum, while others face the onslaught of bearish investor sentiment.
Despite facing frequent market instability, several tokens have emerged stronger than ever and are in line to rise above their usual price limits.
Here are the top three cryptocurrency tokens predicted to rise despite encountering severe market instability.
Read too: Cryptocurrency: Top 3 Coins Under $0.50 That Could Double in May
Top 3 Coins Will Peak Despite Market Instability
#1: Ethereum
Ethereum is one of the notable cryptocurrencies predicted to emerge in the near future. The token gained massive popularity amid negotiations over Ethereum taking advantage of your spot ETFs very soon. Once confirmed, spot ETF proceedings could catapult the price of ETH, helping the token rise against all odds.
According to CoinpediaEthereum could rise and trade at $10,000, averaging around $5,871 by the end of 2024.
“Overcoming overhead resistance, ETH price breaks the $4,000 barrier. Furthermore, the breakout signals a longer uptrend and prevents a death cross on the weekly chart. If buyers push Ethereum’s market cap above $5,000, the continuation of the bull run could increase exponentially in 2024. With possible ETF approvals in sight and the Bitcoin Halving effect on altcoins, the price of ETH could reach to $10,000.”
#2: Ripple (XRP)
Ripple’s promising array of partnerships and alliances has lately been taking XRPs to new heights. The token could break through several price barriers once the verdict on the SEC vs. SEC case comes out. Ripple gains clarity, helping XRP enjoy a huge price surge. At the same time, a Ripple stablecoin launch is also underway, which could significantly improve XRP’s current market position and flow.
According to CoinpediaXRP can be exchanged for $2, averaging $1 to $1.60 by the end of 2024.
“A crucial moment will be the breaking of the $1 mark; surpassing this level could substantially increase the likelihood of the price reaching the potential high of $2.23. On the other hand, if the downtrend persists and the price drops below $1.60, it could signal an extended breakout phase.
Read too: SEC Chairman Gensler calls crypto an ‘outsized piece of fraud and scams’
#3: DogWifHat
DogWifHat is another promising meme crypto token predicted to rise 200% by the end of May 2024. The token has recently posted stellar returns, attracting new and old investors to try and explore the realm of meme coins and tokens.
WIF has long traded in the green despite eroding market dynamics. The token’s trajectory indicates how strong WIF is in terms of investor sentiment, signaling its imminent success.
By CMC, DogWifHat it is currently trading at $2.90. The token could rise and trade at $5 by the end of 2024.
“If the Dogwifhat (WIF) project releases impactful updates and announces major collaborations, the price of WIF with a potential increase could skyrocket to a high of $5.12, following the “Bitcoin Halving” event that occurred during the second quarter. ” Coinpedia adds later.