In 2024, the cryptocurrency market experienced an astonishing recovery. The market value surged from $1.8 trillion at the beginning of the year to $3.9 trillion by mid-December, with Bitcoin being the core driver of this growth, increasing by as much as 160% throughout the year. However, it wasn't just Bitcoin; many altcoins also followed this bullish trend, seizing rare opportunities.
Today, let's talk about the 'revived' cryptocurrencies of 2024. They not only showed strong performance this year, but analysts believe they may continue to thrive in 2025!
Dogecoin: The revived 'super pet'
In 2024, Dogecoin (Doge) really surprised us! From $0.081 at the beginning of the year, it skyrocketed to $0.466, increasing by more than 350% in just one year.
This rebound is not just about Dogecoin's 'fan-favorite' trend; it is also driven by political, technological, and cultural factors.
Especially in the context of new policies after the U.S. elections, Donald Trump's support for cryptocurrencies and his appointment of Musk to lead the newly established 'Department of Government Efficiency' (DOGE) keep the heat around Dogecoin rising.
Musk's support has turned Dogecoin into a star on social platforms, with rumors about DOGE payments on platform X making investors full of expectations for Dogecoin's future.
Technical analysis also gives optimistic signals. The key 'golden cross' pattern indicates that Dogecoin's potential for growth remains huge. Anonymous analyst Mikybull compared the current pattern with Dogecoin's previous bull market cycle, during which the token achieved nearly a 7,000% increase.
Some analysts even predict that Dogecoin may break the $3 barrier, becoming the true 'big brother' of meme coins!
XRP: Riding the regulatory tailwind, it surged by 330%!
Ripple's XRP coin was definitely one of the shining stars in 2024! Since the U.S. elections in November, the price of XRP has surged by over 350%, surpassing Solana and Tether, and re-establishing its position as the third largest cryptocurrency in the world.
The recent surge is backed by an improved regulatory environment and Ripple's continuous launch of strategic products. In particular, a U.S. judge's ruling that XRP is not considered a security has completely shattered the SEC's 'stumbling block' and injected confidence into XRP's prospects.
Ripple not only won a legal victory but also launched the RLUSD stablecoin, further consolidating its leadership in the cross-border payment sector.
Ripple's recovery means that XRP may have more room for growth in the future. Analysts predict that after breaking $2.60, XRP could even double, surpassing the $8-17 range.
Hedera: The DeFi dark horse rises, market value skyrocketing by 800%
Speaking of Hedera (HBAR), many might ask, 'When did it become so popular?' In 2024, Hedera not only achieved an astonishing 800% increase but also successfully entered the top 25 cryptocurrencies, firmly holding the 'top seat' in the DeFi market.
Hedera's revival is inseparable from several key factors. First, it may become the first blockchain platform to launch a spot ETF, with Valour Funds and Canary Capital having applied to launch spot HBAR ETFs in Europe and the U.S. This news has filled investors with expectations for Hedera's future institutional adoption.
Moreover, Hedera's DeFi influence is constantly expanding. This year, its TVL (Total Value Locked) skyrocketed from $53 million in January to nearly $200 million in December, with support from platforms like Stader and SaucerSwap making Hedera's ecosystem more attractive.
The participation of institutional investors and changes in government policy mean that HBAR may usher in broader applications and sustained growth.
Summary: The 'revived coins' of 2024 are likely to continue their explosive growth in 2025!
From Dogecoin to XRP to Hedera, the recovery of these three cryptocurrencies is not just a 'short-term trend'; they all have strong technological support and favorable market conditions behind them. In 2025, as more institutions join and the regulatory environment improves, the performance of these coins may be even more stunning.
For investors, 2024 is a great opportunity to layout for the future. Who knows, will these 'revived coins' bring even bigger surprises next year?
With these powerful recovery stories, are you also eager to seize the next opportunity?