Crypto investors realign their investments as 2024 draws to a close, focusing on the top cryptos to purchase for significant gains in January 2025.
This urge is a result of the newfound optimism surrounding cryptocurrencies, with Donald Trump’s incoming crypto-friendly administration.
Buy cryptocurrencies for a 5x gain
Three tokens, iDEGEN (iDEgen), Ripple’s XRP and Ethena(ENA) are likely to be the frontrunners in terms of exponential growth by January 2025.
Analysts believe that these cryptocurrencies could grow over the coming month due to their combination of strong market dynamics and innovative technology.
One of the most innovative memecoins is iDEGEN, an AI-powered coin that revolutionizes community engagement
iDEGEN, launched on 26 November 2024 is much more than a memecoin. This AI-powered coin has captured the attention of the cryptocommunity with its innovative presale model.
iDEGEN uses artificial intelligence to actively integrate community feedback, such as X (formerly Twitter), into its roadmap.
The presale has sold more than 1 billion tokens and already over $7.7million. It uses a pricing system that changes every five minutes. This creates an atmosphere that is appealing to traders that thrive in volatility.
Pre-sale prices rise by 5% following consecutive purchases. They decrease by 5% during periods of inactivity, and they remain constant if there is only one purchase within an interval.
Pre-sale will end January 1, 2025. The expected listing price of the cryptocurrency is 10% more than what it was at its presale. The token’s AI-driven capabilities, combined with this anticipation, make it one of the most promising cryptocurrencies available today.
2. Ripple’s XRP analysts predict a rise towards $5.73
Ripple’s XRP is a major player on the crypto market. It has shown resilience, and it shows explosive potential despite fluctuations in the market. XRP, currently trading at $2.26 has shown its resilience, even when faced with bearish signals, such as the “death crossing” that appeared on the hourly charts.
Analysts predict that the token will break out between levels of $3.62 to $4.3. XRP could even reach $5.73 if a sustained rally continues.
The Awesome Oscillator and Stochastic RSI both indicate a possible trend reversal.
This optimism is further supported by the data on-chain, which shows that whales have accumulated millions of XRP in recent days. Blockchain tracker Whale alert, for example reported that on December 20, a transfer worth nearly 100 millions XRP was made worth more than $222 million. On December 21, a transfer worth 90 million worth over $200 million took place. This shows heightened institutional interest.
XRP’s technological innovations have added to the bullish story. The XRP Ledger Multi-Purpose Token, or MPT, has recently undergone a thorough security audit, with no critical errors. This is a boost to confidence in the ecosystem.
XRP is poised to make substantial gains in early 2025, thanks to its solid foundation, institutional adoption, and alignment of technical signals.
3. Ethena: A rising star backed by strategic partnerships
Ethena has been a standout performer on the market, showing resilience and upward movement despite selling pressure by notable investors such as Arthur Hayes.
Hayes who had previously stated his support for Ethena Labs sold ENA tokens worth $8.44 millions on December 21, 2018.
Arthur Hayes, @CryptoHayes, unstaked $9M $ENA ($0.666) and deposited $7M $ENA (8.44M), to #Binance just 45 minutes ago. This is despite his earlier support of @ethena_labs! He had previously withdrew 16,79M $ENA valued at $0.666 (11,19M) between November 26 and 28 2024. He…
ENA, despite the massive offloading by Hayes has continued to rise. Its price rose from $0.85 on December 20, to $1.08 today, a significant recovery.
Chill Trader, an analyst firm, forecasts a 85% increase in ENA’s price. They cite a Cup-and Handle bullish pattern that has underlying support of $0.94. Chill says that if the $0.94 level is maintained, ENA may aim to reach a $2.15 price goal, driven by strong market momentum.
$ENA Cup-And-Handle Pattern! Neckline Support: Price is testing the neckline, which is an important support zone (around $0.94). EMA200: the red EMA200 at $0.63, is below it and indicates strong momentum. If the retest is successful, then the next target will be around…
Ethena’s performance is a result of recent partnership with giants in the industry, such as Donald Trump’s World Liberty Financial and BlackRock.
Ethena Labs has proposed that sUSDe be used as collateral for WLF, and BlackRock is working on strategies to manage risk, such as the USDtb stablecoin, which will be backed by BlackRock BUIDL fund.
Ethena, with a capitalization of 3,17 billion dollars, has established itself as 43rd biggest cryptocurrency. Its innovative approach to Decentralized Finance (DeFi), and solid technical setup makes it an attractive option for those investors who are looking to invest in the best cryptocurrency for a high return by January 2025.
The post Top 3 Cryptocurrencies to Buy for 5x Gains by January 2025 might be updated as new information unfolds.
This site is for entertainment only. Click here to read more
