3 Coins That Are Back From The Dead In 2024 And Could Continue To Rise In 2025
Thanks to political shifts, regulatory optimism, and growing institutional interest, these three currencies have made massive gains over the past year.
The cryptocurrency market has seen a remarkable recovery in 2024, with its market cap rising from $1.8 trillion in January to $3.9 trillion in mid-December. This surge was largely supported by Bitcoin’s massive 160% year-to-date rise.
However, this dramatic recovery has also led to a wave of bullish momentum across the board — especially for some altcoins — giving new life to projects that had been stagnant or underperforming, at least in the eyes of some observers.
Here are some notable cryptocurrencies that made a phenomenal comeback in 2024 and that analysts say could continue to outperform.
Dogecoin Resurfaces as 'Trumps'
The Doge token has had one of the most impressive comebacks of 2024, seeing its price surge more than 350% from its January low of $0.081 to $0.466. The rally has been fueled by a combination of political, technical, and cultural factors, putting Dogecoin back at the center of investor enthusiasm.
Dogecoin over the past 12 months. Source: CoinGecko
The outcome of the 2024 US presidential election appears to have played a pivotal role in reversing the fate of memecoin, with the incoming pro-crypto Donald Trump administration signaling a major shift in regulatory sentiment.
Trump’s embrace of blockchain innovation and his appointment of Elon Musk to co-chair a newly formed government body called the Department of Government Efficiency (DOGE) have drawn massive media attention and sparked waves of investor optimism.
Musk's continued support for Dogecoin
Dodge
Low indicators
0.3261 USD
DOGE stock has also remained a strong driver of sentiment, while speculation about the integration of DOGE payments on Musk’s social platform X has also got traders and analysts excited about further potential gains.
Technical analysis has validated the bullish momentum, with key indicators such as the “golden cross,” where two long-term moving averages intersect, indicating significant upside potential.
Analyst who goes by the pseudonym Mickey Paul likened the current pattern to Dogecoin’s previous bull run, during which the coin surged by around 7,000%. Prominent crypto trader Javon Marks echoed the sentiment, predicting Dogecoin could reach $3 or higher if the momentum continues.
Ripple Survives Regulatory Wave to Post 330% Gain
XRP from Ripple
Ripple currency
Low indicators
$2.25
The cryptocurrency has had one of the most unexpected and astonishing rallies of 2024, surging more than 350% since the November presidential election. The surge has seen XRP surpass Solana and Tether, cementing its position as the third-largest cryptocurrency by market cap.
The rise in XRP’s value appears to have been driven by a combination of factors, including regulatory optimism, strategic product launches, and strong technical momentum, making it one of the most talked-about assets in the market.
Buoyed by the momentum built last year when U.S. District Judge Annalisa Torres ruled that XRP is not a security when sold on public exchanges — though it can be classified as a security in institutional sales — the digital asset appears to have turned a new page.
List of the top 5 cryptocurrencies by total market cap Source: CoinGecko
The partial victory was seen as a turning point for Ripple and the broader cryptocurrency industry, weakening the SEC’s case against other decentralized tokens that it had declared as securities. Under outgoing Chairman Gary Gensler, the SEC has aggressively pursued crypto issuers and exchanges, accusing them of offering unregistered securities.
However, Trump’s pro-innovation stance, coupled with the prospect of a pro-crypto Securities and Exchange Commission under Chairman Paul Atkins, has fueled hopes that Ripple’s long-running legal battle could finally end in 2025.
This renewed confidence in Ripple also coincides with the company’s long-awaited launch of its RLUSD stablecoin, a USD-backed asset designed with commitment and transparency at its core. RLUSD debuted on platforms like MoonPay, Uphold, and Bitso on December 18, marking Ripple’s strategic push into the growing stablecoin market.
This launch has enabled Ripple to capitalize on the growing demand for stable digital assets and strengthen its foothold as a major player in cross-border payments.
Finally, technical analysis has also provided bullish signals for XRP with popular trader DonAlt — who accurately charted XRP’s November rally — suggesting that a break above $2.60 could spark another wave of bullish momentum, potentially doubling the price of XRP.
Analyst EGRAG took a more ambitious view, predicting that the price of XRP could rise to between $8.77 and $17.54 if Ripple achieves its long-term goals.
Source: DonAlt
Hedera returns to the top 25, re-establishing itself as a DeFi powerhouse
Hedera Hashgraph is often seen as a dark horse in the crypto world. However, its recent resurgence and growing role in the DeFi market has made it more prominent. While it rose more than 800% between November and December alone, Hedera
Hubbard
Low indicators
$0.3109
Maintained an impressive growth trajectory throughout 2024.
One of the most exciting developments for Hedera has been the potential launch of a spot HBAR ETF, with Valour Funds applying for a physical share product with the European exchange Euronext.
Meanwhile, Canary Capital’s filing to issue a U.S. HBAR exchange-traded fund added to the outlook, as investors closely monitor regulatory developments in the post-election environment.
With a potential shift in US encryption policy under the new administration, institutional adoption of HBAR could increase significantly in the near to medium term.
Finally, Hedera’s growing presence in the decentralized finance (DeFi) space has also been a major driver of its success, with the total value locked (TVL) within the ecosystem rising from $53 million in January to nearly $200 million as of December, a notable increase supported by platforms like Stader, SaucerSwap, and Bonzo Finance.
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