As we approach 2024, there are three notable altcoins in the crypto market. These projects could shape future price movements with important updates and events in the upcoming period.
While there is a cautious atmosphere in the market as a whole, strategic investments in these altcoins could yield promising gains as critical junctures are approached.
“Cardano’s upcoming members’ meeting is of great importance,” he said, drawing attention to the importance of the decisions investors will make in the coming weeks.
Discover the latest developments on Cardano, Celestia, and Tron; major updates and market events from these projects could have a major impact on 2025.
Cardano (ADA): Opportunity to Rise Again
Cardano is at a critical stage as it prepares for its annual members’ meeting on December 31. This meeting will cover budget planning for 2025 and could help boost investor interest and help the price recover. Currently trading at around $0.85, it is important for Cardano to maintain this level to avoid falling below $0.77.
Market analysts say that if the meeting yields a positive result, ADA could enter the new year by regaining the $ 1.00 support level. If this scenario happens, Cardano could once again be among the most popular altcoins. However, there are risks; ADA falling below $ 0.85 could negatively affect optimistic expectations for the future.
Celestia (TIA): Upgrade Potential with Update
Celestia’s upcoming Ginger update is another important event to watch closely. This update will double the network’s data transfer capacity and halve block times, greatly improving operating efficiency. Currently trading at $4.82, TIA appears to be on the mend after a 44% drop and is poised for further action.
If market reactions are positive after the update, TIA is expected to reach $6.03. However, there is a strong support level at $4.52; a drop below this level could see the price drop to $3.88. The Celestia network is seeing increased interest in anticipation of the update, which is a promising signal for future price growth.
Tron (TRX): Potential Impact of Chainlink Integration
Tron has taken a significant step for the network by integrating with Chainlink’s data feeds, currently trading at $0.25. This update aims to increase the functionality of the network by securing $6.5 billion in Total Value Locked (TVL) through Chainlink, creating bullish potential for TRX.
Tron’s short-term goal is to break the $0.30 resistance level and make it support. If successful, investor confidence will increase and an upward movement may begin. However, if TRX cannot stay above this level, it may face the risk of falling below $0.26 and falling to $0.22, which could jeopardize the positive sentiment surrounding the update.