Bitcoin has finally emerged from the darkness, as the token's price has hit a new high of $93,000. With BTC soaring to new highs, its rise to new price points has ushered in an astounding bull market phase, and if investors know how to manipulate the market well, this period will bring investors substantial returns. Here are the top three tokens that investors must explore to fully capitalize on this magnetic bull market phase.
Top Cryptocurrencies Worth Investing in the Bull Market
1. Bitcoin (BTC)
Bitcoin will top the list, primarily because of its stable price trajectory. The token's target is $100,000, and it is expected to reach the aforementioned price level by the end of this year. At the same time, with Trump taking over the White House, his pro-crypto stance is likely to continue to have a positive impact on BTC, helping it soar rapidly.
According to CoinCodex, if the momentum is strong enough to support the courage and strength of BTC, BTC could reach the coveted $106 mark by the end of this month.
"According to our current Bitcoin price forecast, Bitcoin price is expected to increase by 21.43% and reach $106,024 by December 13, 2024. According to our technical indicators, the current sentiment is bullish, and the Fear and Greed Index shows 84 (Extreme Greed). Bitcoin has recorded 18/30 (60%) green days in the past 30 days, with a price volatility of 7.36%. Based on the Bitcoin forecast, now is a good time to buy Bitcoin."
2. Dogecoin (DOGE)
Dogecoin is another cryptocurrency worth keeping an eye on, and it will gain tremendous momentum in this bull market. Dogecoin is Elon Musk's preferred cryptocurrency, and due to Musk's impromptu mention of Dogecoin in interviews, Dogecoin's price often experiences astounding surges. That said, Musk's preparation to take on a new role as the head of the Department of Efficiency (DOGE) under the presidential administration system may have a long-term positive impact on Bitcoin's price.
According to CoinCodex, by the end of November 2024, Doge's trading price could be around $0.36.
"According to our current Dogecoin price forecast, Dogecoin price is expected to decrease by -7.28% and reach $0.360678 by December 13, 2024. According to our technical indicators, the current market sentiment is bullish, and the Fear and Greed Index shows 80 (Extreme Greed). Dogecoin has had 20/30 (67%) up days in the past 30 days, with a price volatility of 32.95%. Based on the Dogecoin forecast, now is a good time to buy Dogecoin."
3. XRP
XRP is another promising cryptocurrency worth exploring in the current bull market. The Trump administration has vowed to fire the current chairman of the U.S. Securities and Exchange Commission, Gary Gensler, who is known for accusing XRP of being a security. If Gensler is removed from office, this will have a positive impact on the entire crypto industry, and XRP will benefit greatly from this development.
According to CoinCodex, if XRP continues to leverage the current market speed and momentum, it could set a new high of $0.77 by the end of this month.
"According to our current XRP price forecast, the price of XRP could increase by 15.37% and reach $0.776372 by December 13, 2024. According to our technical indicators, the current sentiment is bullish, and the Fear and Greed Index shows 84 (Extreme Greed). XRP has recorded 18/30 (60%) green days in the past 30 days, with a price volatility of 5.53%. Based on the XRP forecast, now is a good time to buy XRP."
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