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The cryptocurrency vertical is undergoing a massive upheaval. Several crypto tokens are basking in the ongoing bullish momentum, while others are facing the onslaught of bearish investor sentiment.
Despite encountering frequent market instability, several tokens have emerged stronger than ever and are queued to climb higher than their usual price thresholds.
Here are the top three cryptocurrency tokens predicted to rise high despite encountering stark market instability.
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Top 3 Coins to Peak Despite Encountering Market Instability
#1: Ethereum
Ethereum is one of the notable cryptocurrencies predicted to surge ahead in the near future. The token has gained massive popularity amid talks of Ethereum availing itself of its spot ETFs very soon. Once confirmed, the spot ETF proceedings can catapult the price of ETH, helping the token to surge against all odds.
According to Coinpedia, Ethereum may ascend and trade at $10,000, averaging around $5,871 by the end of 2024.
“Blazing past the overhead resistance, the ETH price pushes beyond the $4000 barrier. Moreover, the breakout rally signals a longer uptrend and avoids a death cross in the weekly chart. If the buyers cross the Ethereum market value above $5000, the bull run continuation can exponentially increase in 2024. With potential Spot ETF approvals and the Bitcoin Halving effect on altcoins, the price of ETH can reach $10,000.”
#2: Ripple (XRP)
Ripple’s promising array of partnerships and alliances has lately been driving XRPs to new levels. The token may break past several price barriers once the verdict concerning the SEC vs. Ripple case gains clarity, helping XRP avail itself of a massive price push. At the same time, a Ripple stablecoin launch is also underway, which may significantly improve XRP’s current market stance and flow.
According to Coinpedia, XRP may exchange hands at $2, averaging around $1–$1.60 by the end of 2024.
“A pivotal moment will be the breach of the $1 mark; surpassing this level could substantially increase the probability of the price reaching the $2.23 potential high. Conversely, if the bearish trend persists and the price falls below $1.60, it may signal a prolonged breakdown phase.
Also Read: SEC Chair Gensler Calls Crypto ‘Outsized Piece of Frauds and Scams’
#3: DogWifHat
DogWifHat is another promising crypto meme token that is predicted to rise by 200% by the end of May 2024. The token has lately been disseminating stellar returns, tempting new and old investors to try their hands at exploring the realm of meme currencies and tokens.
WIF has long been trading in green, despite the eroding market dynamics. The token’s trajectory indicates how strong WIF is in terms of investor sentiment, signaling its impending success.
Per CMC, DogWifHat is currently trading at $2.90. The token may surge 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 surge could shoot to a maximum of $5.12, following the “Bitcoin Halving” event that took place during Q2.” Coinpedia later adds.
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