Saturday, 25 May 2024

Crypto News

Ripple CEO sees crypto market hitting $5T by year-end: here are the top 3 picks

Ripple CEO sees crypto market hitting $5T by year-end: here are the top 3 picks

  • Ripple CEO is claiming the crypto market could reach $5 trillion by the end of 2024.
  • Investors are looking for better opportunities to invest and gain lucrative profits if that happens.
  • According to some analysts, Solana (SOL), Sui (SUI), and Borroe Finance ($ROE) could be some of the best altcoins to include in investment portfolios.

Ripple CEO, Brad Garlinghouse, is bullish on the crypto market, predicting that the crypto market cap could double and reach around $5 trillion by the end of 2024.

Garlinghouse believes spot ETF approval and the Bitcoin halving event will fuel this prediction. But he also emphasized the crucial impact of favourable U.S. regulatory changes on the crypto market’s growth.

The crypto community is understandably excited about this market prediction, with investors and analysts digging into the numbers to determine which tokens could be the best bets to capitalize on this growth.

Many experts believe SOL, SUI and Borroe Finance ($ROE) could be some of the top crypto coins to consider adding to your portfolio ahead of this market expansion. Let’s take a look at their reasoning.

Solana validators approve ‘Timely Vote Credits’

Solana validators have agreed on a “Timely Vote Credits” plan, which speeds up transactions. It does so by modifying the consensus vote latency. The proposal was passed on April 8 with 98% votes.

Besides, SOL was trading around $172 in the second week of April with minor fluctuations. Experts say it is near the crucial support level of $170. If it breaks down from here then, SOL might trade around $160 by mid-2024.

However, if Solana (SOL) price manages to stay above $172, then it could head towards $190 and eventually to $200. If the bullish momentum persists then SOL could trade around $250 by the end of 2024.

Is SUI ready to take off?

SUI has risen by 290% in the past year, from a low of $0.37 in October to its current price of $1.46. In mid-April, Sui was trading around $1.57 with the crypto market cap of $2 billion. SUI has been fluctuating between $1.35 and $2.15 in the past month.

Experts say SUI is in a downtrend now, with the support at $1.55. If it breaks below this support zone, then SUI could trade around $1.30 by mid-2024.

Still, many analysts are optimistic about SUI’s growth potential, with some indicating that if it breaks above the resistance level of $1.70,…

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