As 2024 nears its end, XRP has not seen a prosperous year, with a YTD decline of 12.44% and remaining far from its 2018 ATH of $3.40 despite positive court proceedings related to Ripple.
In contrast, while XRP enthusiasts anticipate significant gains, alternate digital assets are emerging with potential to offer substantial returns, potentially turning a $100 investment into $1,000 in 2025.
Among these contenders, Solana (SOL) has displayed a strong performance this year, gaining 32.83% and on track for further growth in 2025, with projections of reaching a $100 billion market cap in Q4 2024 due to substantial linear supply inflations.
Solana’s current trading price of $134.60 indicates recent gains, with a 2.64% uptick in the last 24 hours, bolstering hope for investors.
Another rising star is Toncoin (TON), the native token of The Open Network linked to Telegram, exhibiting a remarkable 133.41% surge this year despite setbacks such as the arrest of Telegram CEO Pavel Durov. Following Durov’s statement post-arrest, TON surged by 18%, showing resilience and bullish momentum.
Toncoin, currently priced at $5.418, has experienced a daily increase of 0.56%, solidifying its position as a potentially lucrative investment option.
In conclusion, cryptos like Solana and Toncoin present opportunities for investors to multiply their investments significantly in the coming year, making them noteworthy alternatives to XRP. However, market trends in the crypto realm are subject to rapid shifts, necessitating thorough research before making investment decisions to mitigate risks. Note that all investment activities entail risks, and therefore, caution is advised.