3 Tokens Return From the Dead in 2024 and May Continue to Rise in Price in 2025

The crypto market made an impressive recovery in 2024, with market capitalization increasing from USD 1.8 trillion in January to USD 3.9 trillion in mid-December. This increase was mainly driven by Bitcoin’s YTD breakthrough growth of 113%. However, this strong recovery not only created significant breakthroughs for Bitcoin but also generated a strong wave of price increases across the board, especially for some altcoins. This recovery has brought new vitality to many projects that were stagnant or operating inefficiently, at least according to some analysts. Here are some prominent cryptocurrencies that have made a impressive comeback in 2024, which experts believe have the potential to continue strong development. Dogecoin Harvests Success Thanks to Multiple Factors The famous Dogecoin meme coin has recorded one of the most remarkable recoveries in 2024, with an increase of over 350%, from 0.081 USD in January to 0.466 USD. This surge was driven by a combination of political, technical, and cultural factors, bringing Dogecoin back into the spotlight for investors. An important factor in this recovery is the outcome of the 2024 US presidential election, when the Trump administration showed strong support for cryptocurrencies, bringing expectations of a major change in management policies. Trump’s support for blockchain technology and the appointment of Elon Musk as co-chair of the newly established Government Efficiency Agency (DOGE) has attracted strong media attention, creating an optimistic wave in the investment community. Musk remains a major driving force behind the development of Dogecoin, with rumors of the potential integration of DOGE into Musk’s social platform X, causing traders and analysts to anticipate further growth. Technical indicators, such as the ‘golden cross’ pattern between long-term moving averages, are also pointing to strong potential price increases. Anonymous analyst Mikybull believes that the current model of Dogecoin is similar to the previous price increase cycle, when Dogecoin increased by nearly 7,000%. Similarly, renowned trader Javon Marks predicts that the price of DOGE could reach $3 or higher if the current growth trend continues.

Ripple Achieves 350% Profit Thanks to Regulatory Factors Ripple’s XRP has also created one of the most surprising price surges, skyrocketing over 350% since the November presidential election, surpassing Solana and Tether to strengthen its position in the top 3 largest cryptocurrencies by market capitalization in 2024.

This growth is driven by optimism about regulations, the launch of strategic products, and strong technical momentum. In particular, an important factor is the ruling by US District Court Judge Analisa Torres, who stated that XRP is not a security when traded on public exchanges. This decision is seen as a turning point for Ripple and the crypto industry, undermining the allegations of the US Securities and Exchange Commission (SEC) against decentralized tokens. Under the leadership of outgoing Chairman Gary Gensler, the SEC has actively pursued lawsuits against crypto issuers and exchanges, accusing them of offering unregistered securities. However, with support from the Trump administration, along with the prospect of an SEC under the leadership of Paul Atkins that may support cryptocurrencies, many believe that Ripple’s legal battle will soon come to an end, paving the way for strong growth in the coming years. In addition, the launch of Ripple’s stablecoin RLUSD in December has expanded the market, as the currency is designed with core compliance and transparency. RLUSD has been launched on platforms such as MoonPay, Uphold, and Bitso on December 18, marking Ripple’s strategic advancement into the growing stablecoin market. RLUSD is expected to meet the increasing demand for stable digital assets, while strengthening Ripple’s position in the cross-border payment market. Technical analysis also points to the potential for further price increases, with trader DonAlt forecasting a breakthrough above $2.6 could open up a new wave of price increases that could double the value of XRP.

Even more ambitiously, EGRAG analyst predicts that Ripple could reach a price range of $8.77 to $17.54 if it achieves long-term goals. Hedera Affirms Its Position in the DeFi Market Hedera, although previously considered a less prominent cryptocurrency, has experienced a strong resurgence in 2024, with a growth rate of over 800% from November to December. Hedera (HBAR) has demonstrated its strength in the decentralized finance (DeFi) sector, with the total value locked (TVL) in its ecosystem increasing significantly from 53 million USD to nearly 200 million USD in December.

One of the notable events for Hedera is the potential launch of the HBAR ETF, as Valour Funds has applied to establish this product on the Euronext exchange in Europe. In addition, Canary Capital has also applied to register the HBAR ETF in the US, creating high expectations from investors. With the prospect of changing crypto policies under the new administration of President Trump, the adoption of HBAR at organizations could increase significantly in the short to medium term. Finally, the increasing presence of Hedera in the decentralized finance (DeFi) sector is also a key driver of the company’s success, with the total value locked (TVL) in the ecosystem skyrocketing from $53 million in January to nearly $200 million in December, a significant increase driven by platforms such as Stader, SaucerSwap, and Bonzo Finance.

Overall, 2024 has witnessed a strong recovery and notable breakthroughs of many cryptocurrencies, in which Dogecoin, Ripple, and Hedera stand out with significant advancements, not only in terms of value but also in terms of changes in political and regulatory factors. Investors continue to closely monitor future developments, especially in terms of governance policies and the development of blockchain technology.

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