Major crypto _l to watch in 2024: 2024 price predictions for ADA, SOL and XRP...

Altcoin price prediction 2024: Cryptocurrency markets, which have been going through a turbulent process in the past weeks, traded in the red zone as Bitcoin entered the consolidation process. The Fed's announcement of its interest rate plan and the rapid rise of new tokens such as BONK kept the market somewhat busy. However, in the upcoming year of 2024, cryptocurrency traders and investors have started to create lists of cryptocurrencies to follow. Based on technical analysis (TA) and other indicators, we've ranked the next big cryptocurrencies that could deliver significant returns on investment (ROI) in the coming year.

There are a few things in the crypto market that you can consider buying in 2024 that can also meet the expectations of investors and be the center of attention. However, things in this area can sometimes change rapidly due to a variety of factors, and therefore it is important to thoroughly research and understand these issues.

##1) Cardano (ADA) price prediction for 2024

With a total value locked (TVL) of over $435 million, Cardano-based tokens are one of the digital tokens with the most growth potential in 2024, according to data from Defi Llama. Without a doubt, the biggest reason for this is Cardano's growing ecosystem and sustainable projects.

1-year ADA price chart / Source: CoinMarketCap For 2024, analysts Ali and Lucid predict that the ADA will be valued between $10 and $30, taking into account market trends and global economic factors. On the other hand, analyst FieryTrading says that an extraordinary 10,000% increase for ADA is possible based on market analysis and bull market patterns, and ADA is expected to potentially reach $35 by 2025. Finally, Cardano changed hands at $0.6154, a decrease of 5.04% in the last 24 hours, according to press time.

##2) Solana (SOL) price prediction for 2024

Solana, which offers opportunities to build smart contracts and decentralized applications and has decentralized finance (DeFi) solutions, will trade at a minimum of $75.60 in 2024, according to Technewsleader. He said that the value of SOL, which has the potential to reach a maximum of $101.59, could be around $86.39.

1-year SOL price chart/ Source: CoinMarketCap Solana, which is known for its low transaction cost and is currently considered an alternative to Ethereum (ETH), is trading at $7.14, down 6% according to data on Dec. 16. It is up 10.70 per cent in the previous seven days and is up 33.23 per cent last month and 690 per cent year-to-date.

##3) XRP price predictions for 2024

XRP (XRP) has been the biggest winner of 2023 due to the judicial clarity it received when it comes to retail sales, which was the outcome of Judge Analisa Torres in the courtroom dispute between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple.

Emphasizing on-chain bullish data after the SEC lawsuit, which is expected to be clarified in 2024, XRP advocate analyst Austin Hilton predicts steady growth for XRP in 2024. Hilton has expressed confidence that it can reach $1.50 or higher by the end of the first quarter of the year, pointing to significant growth potential.

1-year XRP price chart / Source: CoinMarket XRP token that gained legitimacy after the CapSEC lawsuit could see significant growth in 2024. For now, its price is at $0.632 and continues the day with a slight decrease of 1.36%. The XRP coin is down 1.81% this week and is still up 86% year-to-date.

4) Bitcoin ETF Token (BTCETF) price prediction for 2024

The Bitcoin ETF token, which will benefit from ETF approvals, will continue to grow following the expected news from the SEC. The Bitcoin ETF token, which was released as an ERC-20 token, will also be listed on the DEX, a decentralized financial system, and then the BTCETF token supply will be systematically burned. Thus, the BTCETF token, 25 percent of which is intended to be removed from the market, is expected to rise after this process. BTCETF has built-in mechanisms that provide regular burns to keep the supply in check. It also offers 200 percent APY staking, which is one of the highest-yielding options on the market.

Visit Bitcoin ETF Token

The BTCETF presale has already raised $4 million, making it fast towards its upper goal. Investors can buy this promising token while it is cheap, as it expects a huge price explosion when the token hits crypto exchanges.Currently, 40% of the digital asset is open to investors, and the initial price of the BTCETF token before the sale has risen to $0.0064 As of the beginning of December, the project has raised over $3.200 million in donations and is waiting for investors at a low price. The token, which is offered to the buyer before the approval of ETFs, can be considered one of the highly profitable projects ahead of the BTC rally.###

Conclusion:

Despite these price predictions, investors need to consider that the cryptocurrency market can be volatile and turbulent. If the sentiment around them remains positive, these digital assets can bring high profits, but there can also be unforeseen circumstances that can turn the tide. It's essential for investors and traders to do their own research and weigh the risks before making a purchase.