Three Cryptocurrencies Resurrected in 2024 May Continue to Rise in 2025
The typical meme token Doge staged one of the most impressive comebacks of 2024, with its price soaring over 350% from a low of $0.081 in January to $0.466. This rebound was driven by a combination of political, technological, and cultural factors, making Dogecoin the center of investor enthusiasm once again.
The outcome of the 2024 U.S. presidential election appears to play a key role in the turnaround of memecoins, as Donald Trump's upcoming pro-crypto administration marks a significant shift in regulatory sentiment.
Trump's embrace of blockchain innovation and Elon Musk's appointment as co-chairman of the newly established government agency “Department of Government Efficiency” (DOGE) has sparked immense media interest and fueled investor optimism.
Musk's continued support for Dogecoin remains a strong emotional driver, while speculation about the integration of DOGE payments on Musk's social platform X has excited traders and analysts about the potential for further gains.
Technical analysis has confirmed bullish momentum, with key indicators such as the “golden cross” (the crossing of two long-term moving averages) indicating significant upside potential.
Anonymous analyst Mikybull has drawn parallels between the current pattern and Dogecoin's previous bull market cycle, during which the token achieved nearly a 7,000% increase.
Similarly, renowned cryptocurrency trader Javon Marks has expressed a similar view, predicting that if momentum continues, Dogecoin's price could reach $3 or higher.
Ripple's XRP token delivered one of the most unexpected yet impressive rebounds of 2024, surging over 350% since the November presidential election. This rise has propelled XRP past Solana and Tether, solidifying its position as the third-largest cryptocurrency by market capitalization.
The surge in XRP's value appears to be driven by a combination of factors, including regulatory optimism, strategic product launches, and strong technical momentum, making it one of the most closely watched assets in the market.
