Recently, BitMEX Co-Founder and Former Chief Executive Arthur Hayes published a report, He said in the report that once Bitcoin (BTC) and Ethereum (ETH), the two top global cryptocurrencies, break the $70,000 and $4,000 mark, the altcoin season will return.
In addition, he added, Solana's price will also climb above $250, but given its relative market value, the wealth effect of the surge in Solana on the entire cryptocurrency market is far less powerful than that of Bitcoin and Ethereum. 2024 Solana (SOL) Price Forecast Based on expert technical analysis, SOL looks bullish as it trades above the 200 index moving average (EMA) in the daily timeframe. The price of SOL is above 200 EMA, making it one of the most noteworthy altcoins in the next bull market.
In addition, it also fluctuated within a narrow range between $120 and $190. The SOL was trading close to $145 at press time, with a strong chance of surging to $190 in the coming days. However, once BTC and ETH break the $70,000 and $4,000 mark, this could change the overall market sentiment and help SOL hit a record high and break the $260 mark.
Doge, the world's largest meme coin, looks bullish and trades at a discount. It has the potential to rise by 100% over the next few days. The price of the DOGE has fallen more than 55% in the last three months and is currently trading above the 200 index moving average (EMA) in the weekly timeframe.
If market sentiment changes, there is a good chance that DOGE will soar 100% or more. In addition, investors and whales are actively accumulating DOGE after the recent sharp decline in the price of DOGE.
XRP Price Forecast 2024 The last altcoin with the potential to double investment is Ripple's native token, XRP. According to expert technical analysis, XRP has been consolidating in a narrow range. This continued consolidation has resulted in a bullish symmetrical triangular pattern of price action over the weekly timeframe, and the XRP is now in the breakout zone.
Source: TradingView
If the XRP breaks out of this triangular pattern and closes above $0.66 on the weekly wax candle chart, there is a good chance that it will rise 100% in the coming days to the level of $1.35.
