Shiba Inu: Elliott Wave pattern signals potential for strong upward movement.
Cardano: Hoskinson’s advisory role boosts visibility; Robinhood relisting adds retail interest.
Ripple: Recent gains fueled by regulatory optimism and strong cross-border payment growth.
As 2024 wraps up, the crypto market remains active, and a few altcoins show strong potential. Shiba Inu, Cardano, and Ripple each stand out, offering unique advantages to investors. Shiba Inu’s community-driven power, Cardano’s focus on scalability, and Ripple’s success in cross-border payments position them as strong contenders for the year ahead.
Shiba Inu (SHIB) Follows a Promising Elliott Wave Pattern
Source: Trading View
Shiba Inu's price movements align with the Elliott Wave theory, which outlines a common five-wave trend pattern. As of writing, SHIB is in the second wave, correcting after a previous surge. If Shiba Inu maintains support at $0.000020, analysts believe it could rise to resistance levels between $0.000035 and $0.000040. While future moves depend on many factors, the Elliott Wave pattern hints at positive momentum.
Cardano (ADA) Rises After Hoskinson Joins Crypto Policy Advisory
Source: Trading View
Cardano gained nearly 8% after founder Charles Hoskinson became a U.S. crypto policy advisor. This development has boosted ADA’s credibility and visibility. Alongside this, Robinhood’s decision to relist ADA may bring new interest from retail investors. Analysts now see ADA rising up to 200%, possibly hitting $2.5, with altcoin season expected soon.
Ripple (XRP) Rides on Positive Sentiment and Potential Regulatory Wins
Source: Trading View
Ripple’s XRP recorded over 30% growth in both weekly and monthly gains, recently climbing to $0.74. Enthusiasm builds as Ripple nears a favorable outcome with the SEC. With Trump back in office, regulatory updates seem likely, creating optimism around Ripple. Such changes could restore confidence and position XRP to reclaim past highs.
Shiba Inu, Cardano, and Ripple each have unique strengths for potential growth into 2025. SHIB’s technical pattern, ADA’s policy boost, and XRP’s resilience make them altcoins to watch in the coming year.
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