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3 Coins Poised for a Rally Despite Market Instability
The cryptocurrency vertical is going through a huge upheaval. Several crypto tokens are basking in the ongoing bullish momentum, while others are facing the onslaught of bearish investor sentiment.
Despite frequent market instability, several tokens have emerged stronger than ever and are in line to rise higher than their usual price thresholds.
Here are the top three cryptocurrency tokens that are expected to rise despite strong market instability.
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Top 3 coins peak despite market instability
No. 1: Ethereum
Ethereum is one of the most prominent cryptocurrencies that are expected to rise in the near future. The token has gained immense popularity among discussions Ethereum making use of its spot ETFs very soon. Once confirmed, ETF spot proceedings can catapult the price of ETH, helping the token rise against all odds.
Second CoinpediaEthereum could rise and trade at $10,000, averaging around $5,871 by the end of 2024.
“Overcoming the upper resistance, the price of ETH pushes beyond the $4000 barrier. Furthermore, the breakout rally signals a longer uptrend and avoids a death cross on the weekly chart. If buyers overtake Ethereum’s market value above $5,000, the continuation of the bull run can increase exponentially into 2024. With potential Spot ETF approvals and the effect of the Bitcoin halving on altcoins, the price of ETH can reach $10,000.”
#2: Ripple (XRP)
Ripple’s promising array of partnerships and alliances has recently taken XRP to new heights. The token could break through several price barriers once the verdict related to the SEC case against Ripple becomes clearer, helping XRP avail of a massive price boost. At the same time, the launch of a Ripple stablecoin is also underway, which could significantly improve XRP’s current market position and flow.
Second CoinpediaXRP could trade at $2, averaging around $1–1.60 by the end of 2024.
“A crucial moment will be the crossing of the 1 dollar threshold; breaking above this level could substantially increase the probability of the price reaching the potential high of $2.23. Conversely, if the downtrend persists and the price drops below $1.60, it could signal a prolonged collapse phase.
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#3: DogWifHat
DogWifHat is another promising crypto meme token that is expected to surge 200% by the end of May 2024. The token has recently been releasing stellar returns, tempting old and new investors to try their hand at exploring the realm of meme currencies and tokens.
WIF has been trading in the green for some time, despite eroding market dynamics. The token’s trajectory indicates how strong WIF is in terms of investor sentiment, signaling its imminent success.
According to CMC, DogWifeHat 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 reach a high of $5.12, following the “Bitcoin Halving” event that took place during the second quarter.” Coinpedia adds later.