The cryptocurrency market is notoriously volatile. While it may take a while to discover hidden gems that could bring modest returns, it’s vital to do your own research before diving into the world of cryptocurrency. This season, we’ve noticed a few coins that have seen slow price action. Despite the coins’ slow price action, these coins have been good enough to bring solid gains. Here are our top three cryptocurrency recommendations that may help you make 2x gains soon.
3 Underperforming Tokens Worth Discovering This Season
Dogecoin (DOGE)
Dogecoin’s price growth this year has been rather slow, without giving the masses a big surge to celebrate. However, Dogecoin’s underperformance could be a boon for many in the future. Some analysts are predicting a rise in Dogecoin’s price, which could push its price to new highs.
According to CoinCodex, the price of Doge will reach $0.478043 by the end of 2024.
Dogecoin is expected to trade in the range of $0.092409 to $0.478043. If the higher price target is achieved, Dogecoin could surge by 336.06% to $0.478043.”
Ripple (XRP)
XRP has also seen slower price action throughout the quarter. The coin is still mired in legal battles with the United States Securities and Exchange Commission (SEC), which has put more pressure on the coin’s reputation. However, these key developments have yet to affect XRP’s parent company, Ripple. The company will not hesitate to support XRP at all costs. The company is about to launch the Ripple stablecoin.
According to CoinCodex, XRP’s price could surge to $2 by the end of 2024.
“XRP is expected to trade between $0.277756 and $1.374203. If the higher price target is achieved, XRP could surge by 208.45% to $1.374203.
Cardano (ADA)
Cardano is another cryptocurrency that has seen slow price action this year. The coin is about to adopt new governance features by integrating its much-anticipated Chang Hard Fork upgrade.
According to CoinCodex, ADA’s price could surpass the $1.60 mark by the end of 2024.
“Cardano is expected to trade between $0.363024 and $1.607549. If the higher price target is achieved, ADA could surge by 309.67% to $1.607549.”