With the bull run anticipated to get more intense in Q4 2024, several investors are on the lookout for the cryptos that could lead the move and reach near all-time highs. With the current trend in the market, the following cryptos could end up seeing new all-time highs in the coming months
SUI: A Surge in Activity
SUI has captured investor interest, evidenced by a 300% increase in daily active users (DAUs) on the Sui Network within just a month. With the total value locked (TVL) nearing its all-time high, SUI is gaining attention for its robust trading capabilities, particularly through the upcoming launch of the decentralized exchange (DEX) platform, DeepBook.
SUI has continued to make development that could make its network even better. According to Stacy Muur (@stacy_muur) DeepBook was developed by the Sui community to revolutionize decentralized trading by providing an efficient, on-chain central limit order book (CLOB).
The number of DAUs on @SuiNetwork has surged by 300% in less than a month, with the TVL nearing its ATH.One of Sui's strongest use cases is trading, and @DeepBookonSui stands out in this realm, with a TGE just around the corner.Why should you watch it? ↓ pic.twitter.com/wjknrhOFRr
— Stacy Muur (@stacy_muur) October 1, 2024
Despite the dominance of centralized exchanges (CEX) in trading volume, DeepBook is attracting liquidity from various DEXes, including AftermathFi, KriyaDEX, and CetusProtocol.
With $30 million in TVL and over $300 million in monthly transaction volume, DeepBook is set to become a cornerstone of the Sui ecosystem. The introduction of the $DEEP token will facilitate trading fees, rebates for market makers, and governance, further incentivizing user engagement.
The strong price action of SUI, plus its increasing on-chain activities and constant development suggests significant potential for both short-term and long-term gains.
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Show more +Show less – XRP: Legal Clarity Ahead
There has been excitement surrounding Ripple’s recent court victory against the SEC. The court’s ruling, which includes a $125,000 fine for Ripple, has sparked optimism among investors. If the SEC does not appeal, analysts predict a bullish surge in XRP prices, particularly as the market anticipates a breakout following prolonged sideways trading.
The looming deadline of October 7 has heightened expectations for XRP holders, who have been waiting for a rally. The positive that would stem from SEC’s decision not to appeal could catalyze XRP to a new all-time high.
DOGE: Growing Community Engagement
Ali (@ali_charts) reported on the impressive metrics surrounding Dogecoin (DOGE). Recently, the network experienced its largest spike in active addresses, reaching 84,306, indicating heightened user engagement.
The #Dogecoin network is experiencing significant growth! Over the past week, there's been a 72% increase in new $DOGE addresses, and just yesterday alone, 19,630 new #DOGE addresses were created! pic.twitter.com/5Tj8ZvcxUu
— Ali (@ali_charts) October 1, 2024
Over the past week, there has been a 72% increase in new DOGE addresses, with nearly 20,000 created in just one day. This surge suggests a growing interest in the meme coin.
The recent price action, following a breakout from a six-month descending channel, signals bullish momentum for DOGE. Should the positive on-chain metrics persist, it could lead to further upward movement for Dogecoin and potentially other meme coins.
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