XRP
The surge of XRP is attributed to several key developments that have boosted confidence in its ecosystem. In December 2024, Ripple's RLUSD, a stablecoin pegged 1:1 to the US dollar, received final regulatory approval.
Adding to the optimism, Donald Trump's re-election has injected new energy into the cryptocurrency market, with XRP being one of the biggest beneficiaries.
With Atkins set to take over, many believe XRP may escape its regulatory quagmire. This sentiment has driven XRP's price from $0.50 in November to $2.50, propelled by optimism over the lawsuit outcome, its relisting on major exchanges like Robinhood, and bullish market sentiment following Trump's election victory.
Looking ahead, the outlook for XRP continues to strengthen. A spot ETF may be approved, supported by applications from asset management firms like WisdomTree and Bitwise, which could attract substantial institutional investment in 2025.
With its historical resilience, strong partnerships, and a refreshed regulatory environment, XRP is well-positioned for significant growth, likely to become a preferred choice in the coming year.
ZEN
Horizen (ZEN) has gained significant attention this week as its price continues to rise steadily. The token has surged to its highest level since May 2022 over the past seven days. This impressive growth stems from major developments, including the launch of the Grayscale Horizen Trust and its listing on the Gains Network, a decentralized derivatives trading platform built on Polygon.
This announcement had an immediate impact, driving ZEN's price up by 30%. Since the trust's launch, the token has experienced a nearly 200% surge, rising from a low of $15 to a high of $41.61 today. Additionally, ZEN successfully broke through the key resistance level of $38.50 and is currently trading above that level.
Horizen's mission focused on privacy, its evolving ecosystem, and institutional support make it an exciting token to watch. With recent price increases and a bright outlook, ZEN has performed exceptionally well.
SOL
Layer-1 blockchain projects are also having a stellar year in 2024. This altcoin reached an all-time high from November to December and recorded significant improvements in its network.
The Solana blockchain has achieved significant victories this year, at times even surpassing the Ethereum blockchain in terms of capital inflow and activity. The Layer-1 blockchain has also facilitated the rise of some of the most popular meme coins emerging in 2024.
Considering SOL token's performance this year and expectations for a stricter regulatory environment, many believe that the altcoin may continue to perform well in the coming year.