Analysts have picked the top 5 cryptocurrencies that can make investors crypto millionaires in 2024. The cryptocurrencies include Fetch AI (FET), Ripple (XRP), Pullix (PLX), Dogecoin (DOGE), and Chainlink (LINK). Let us see why analysts are bullish about them.
Fetch.ai (FET) To Ride on the AI Wave in 2024
In the cryptocurrency space, Fetch.ai (FET), a platform that combines blockchain technology and AI, has become well-known. Its objective is to make AI models broadly accessible so that they can be used to enhance everyday tasks. For instance, it might simplify and expedite the process of booking flights.
Interestingly, its native token, FET, has shown bullish price movement at the beginning of 2024. It moved from an August low of $0.16 to a yearly high of $0.7785.
However, the Fetch.AI token has dropped to the $0.5716 – $0.6389 price range in the past week. Still, the AI sector holds great potential and is predicted to rise in 2024.
This bullish growth could affect the Fetch.ai token. As a result, analysts have predicted that the altcoin a rise to $3.4 in 2024.
Ripple (XRP) To Experience a Parabolic Rise in 2024
Over the past few weeks, the popular payment token of Ripple (XRP) has had its encounters with bearish momentum. In the past 7 days, the altcoin price has dipped as low as $0.5021 from $0.6400 early in 2024.
While it, however, has a year-to-date decrease of 24.4%, crypto analyst JD has forecasted bullish days ahead. According to his forecasts, Ripple’s price may surge by 600x in 2024. Having analyzed Ripple’s market behavior in 2017, JD said its current price movement is comparable.
Beginning from the year 2017, Ripple began its prices low, but later took off as people began trading in large quantities. Later, the Ripple price peaked at $3.84 in January 2018 at an all-time high.
If we’re going by what the analyst said, Ripple may show such bullish movements again by 2024. However, if it does so, the altcoin will not only break away from its current all-time peak but also reach as high as $5 in 2024. In addition, the possibility of a future Ripple ETF also favors the bullish forecast.
Can Dogecoin (DOGE) Make Investors Millionaires Again?
The bear market hasn’t impacted the largest meme coin created by market cap, Dogecoin (DOGE), maintaining its position among the top ten cryptocurrencies. In the past bull market, there were many millionaires who got rich by betting on the bullish price movement of DOGE.
In 2021, Dogecoin soared to an all-time high of $0.7376. The participants joined the project from the early beginning and saw their investments grow by several hundred times.
However, DOGE has failed to replicate that sort of performance. The price of Dogecoin has been in a weekly range between $0.07728 and $0.08226. In spite of this, analysts are optimistic in their forecast for the altcoin price.
Dogecoin community anticipates integration from the XPayments platform. In such a case, the meme coin could experience a parabolic rise, even recording a new all-time high in 2024.
Chainlink (LINK) Price Prediction
Chainlink (LINK), the Oracle service provider, has witnessed an increase in trading activity that has positively affected its price. According to CoinMarketCap, the altcoin’s weekly, monthly, and yearly price trends are up 11.4%, 2.5%, and 124.0%, respectively.
The altcoin price increased from a weekly low of $13.55 to a weekly high of $16.02. This price gain indicates that bulls have control of the market.
Chainlink is one of the tokens projected to experience further price increases. Its entry into real-world asset tokenization, combined with greater acceptance of its CCIP system, positions it for bullish gains in 2024. As a result, analysts believe Chainlink’s price will rise to $35-$40 in the next months.
The Pullix (PLX) Soars 150%, Can It Make Millionaires in 2024?
Due to its improvement in the crypto exchange space, the demand for Pullix’s presale (PLX) before it launches has spiked within the past month. The crypto ICO has already sold more than 50 million tokens. The PLX token started trading at $0.04 per token but is currently valued at $0.1 after a rise in its price that came with the growing adoption.
This equates to a leap of 150% — with market experts predicting more returns in the 2024 bull market. Analysts project that PLX could surge by 100x, giving it the potential to create hundreds of millionaires in the 2024 bull market.
Pullix has gained this much popularity as it strives to connect two worlds – Centralized Finance (CeFi) and Decentralized Finance (DeFi), under a single umbrella. The reason for this is to offer faster traders, lower fees, better security, more privacy, and greater autonomy.
Another area where the DeFi project shines is that it allows users to trade forex, stocks, ETFs, and commodities using just one account. These are some of the biggest markets in the world, and experts believe this is why PLX has 100x potential.
Nevertheless, you will have to participate in the ongoing crypto ICO and obtain PLX tokens to be able to use these functionalities. These tokens award you a fraction of the daily profits accrued from trades on the platform and offer staking rewards. In addition to that, the tokens can be converted to some other cryptocurrencies and even cash, thereby being useful within the DeFi project and outside.
End Note
Those looking to be crypto millionaires this year can consider these top 5 cryptocurrencies – Fetch AI (FET), Ripple (XRP), Pullix (PLX), Dogecoin (DOGE), and Chainlink (LINK). One of them, Pullix, is currently at the presale stage with analysts projecting 100x returns.
For more information regarding Pullix’s presale see links below:
Visit Pullix
Source: https://coinpedia.org/press-release/analysts-pick-top-five-tokens-fet-xrp-pullix-doge-link/