5 Cryptos to Buy Before Christmas for Holiday Gains
The year 2024, has been riddled with a roller coaster ride for the crypto market. The crypto market not only witnessed the world’s leading crypto, Bitcoin, breach the $100,000 mark but also saw XRP strengthening to become the world’s third-largest crypto. As the year draws to a close, the cryptocurrency market is buzzing with activity, and investors are hunting for the best cryptos to buy before Christmas.
With recent surges in price and promising developments on the horizon, these five cryptos are worth watching. Here’s a closer look at their recent performance and future potential.
XRP: Banking on Regulatory Clarity
XRP has made headlines following partial regulatory clarity in its battle with the SEC. Over the past week, XRP has seen a 30.5% rise in price and gains of nearly 58.6% over the past 14 days, according to CoinGecko. Its utility in cross-border payments and adoption by financial institutions make it a strong contender for sustained growth. Additionally, Ripple scored a significant victory in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
The U.S. court approved a motion to expedite issuing a final judgment in the case. According to court filings, both Ripple and the plaintiffs jointly agreed there was no need to delay the judgment, as most class claims had been resolved. This led to a massive price rally in the token, resulting in the buyers accumulating the token.
As we head to Christmas and New Year, with the increasing adoption, XRP could see a price surge, potentially revisiting its all-time high of $3.84 or even exceeding it.
Dogecoin (DOGE): The Memecoin with Real Potential
Ever since Donald Trump came to power for the second time as the U.S. President, there has been a strong momentum in the market. Dogecoin is one token which has benefitted from this event, as Elon Musk-inspired Dogecoin has witnessed a reignited interest. In the past week, DOGE has climbed 7.3%, resulting in 135% gain over the past month.
With continued development and use in microtransactions, Dogecoin could solidify its position as the go-to cryptocurrency for everyday payments, targeting a price range of $0.20 to $0.25.
Solana (SOL): The Ethereum Challenger
The 5th-ranked Solana token is another crypto that has had a stellar comeback, showcasing resilience and a surge in developer activity. Its price has jumped by 26.8% in the past month, making it one of the top performers. With advancements in scalability and DeFi adoption, Solana could become a major Ethereum competitor, possibly reaching the $250-$300 range.
Shiba Inu (SHIBA): A Rising Star in the Memecoin Space
Shiba Inu has proven that it’s more than just a memecoin by introducing its Shibarium Layer-2 blockchain. This innovation has boosted investor confidence, leading to a 7% gain in the last week and over 15% in the past 10 days. If Shiba Inu continues to expand its ecosystem and maintain its burn rate, its price could rise significantly, targeting a potential price of $0.00002.
Stellar (XLM): Lighting Up Cross-Border Payments
Stellar Lumens continues to play a critical role in financial inclusion through blockchain-based cross-border transactions. XLM’s price has risen by 5% over the past week and 11% in the last 10 days, reflecting growing interest. With more partnerships and increased use cases in emerging markets, XLM could see substantial growth, potentially reaching $0.50 to $1.00.
The crypto market is heating up, and these cryptos to buy before Christmas are showing strong potential for both short-term gains and long-term growth. Whether you’re looking for innovative blockchains like Solana and XRP or community-driven tokens like DOGE and SHIBA, these picks could make your holiday season even brighter.
