- ETFSwap (ETFS) to Lead the 2024 Altcoin Rally
- Ripple (XRP) Pegged to Rally 176% to Reach $1 in Q4 2024
- Dogecoin (DOGE) Could Be Getting Utility-Infused Strength to Rally Up to $1
The jury is out on which DeFi token will reach $1 first in 2024. A top analyst who predicted the Dogecoin pump of May 2021 explained why Ripple (XRP), Dogecoin (DOGE), and ETFSwap (ETFS) are the top candidates.
ETFSwap (ETFS) to Lead the 2024 Altcoin Rally
ETFSwap (ETFS) is a groundbreaking platform that provides millions of crypto traders and institutional investors worldwide access to tokenized ETFs. These hybrid institutional assets allow traders to invest in real-world assets without directly owning them. For instance, investing in the recently launched Spot Ethereum ETFs means buying shares of a fund that tracks the price of Ethereum. ETFSwap's unique, low-risk, high-reward assets attract significant interest from major investors. The platform seamlessly integrates traditional finance and DeFi, allowing investors to enjoy the perks of transparency, decentralization, and effortless trading without dealing with crypto wallets or private keys. For security and transparency, ETFSwap ordered a full audit of its infrastructure from Cyberscope, which found no major vulnerabilities. The ETFSwap team also completed KYC verification from SolidProof. The project plans to launch its ETF in 2025, providing investors more options to diversify their portfolios with reliable, high-potential assets.
Ripple (XRP) Pegged to Rally 176% to Reach $1 in Q4 2024
The analyst also discussed Ripple’s (XRP) potential to reach $1 before 2024 ends. Currently trading at $0.5663, Ripple is not far from the $1 mark. The main hurdle is XRP's ongoing legal issues with the SEC. However, the analyst predicts that if the 2024 US presidential elections create a favorable regulatory climate for cryptocurrencies, the SEC may drop its case against Ripple, allowing the token to hit $1.
Dogecoin (DOGE) Could Be Getting Utility-Infused Strength to Rally Up to $1
The potential for Dogecoin (DOGE) to reach $1 was also highlighted. Following Elon Musk's suggestion to accept Dogecoin as payment for Tesla merch, the token saw little price movement. The analyst believes investors are fatigued by Musk's statements without follow-up actions. However, if Tesla adopts Dogecoin, it could boost the token's price significantly.
According to the analyst, ETFSwap (ETFS), Ripple (XRP), and Dogecoin (DOGE) have high potential to reach $1 in 2024. The future of these tokens will depend on various factors, including technological advancements and regulatory changes.
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