3 coins resurrected in 2024 may continue to rise in 25

The cryptocurrency market experienced a dramatic revival in 2024, with its capitalization growing from $1.8 trillion in January to $3.9 trillion in mid-December. It was the fastest pace leader, mostly, with Bitcoin's meteoric year-to-date (YTD) growth of 160%.

However, this impressive recovery has sparked a wave of bullishness across the board – particularly for some altcoins – breathing new life into projects that have stagnated or underperformed, at least in the eyes of some observers.

Below are some of the standout crypto performers that have posted extraordinary returns in 2024 that analysts can expect to continue outperforming.

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Dogecoin comes out “Trumps” again

The quintessential meme token Doge showed one of the most impressive returns in 2024, rising in price from $0.081 to $0.466 in January. The rally was sparked by a combination of political, technical and cultural factors that brought Dogecoin to the center of investor fervor.

The outcome of the 2024 US presidential election appears to have played a significant role in the reversal of memecoin's fortunes, with Donald Trump's incoming pro-crypto administration on the regulatory mood. It showed a big change.

Trump's embrace of blockchain innovation and Elon Musk's appointment as chairman of a newly formed government body jokingly called the “Department of Government Efficiency” (DOGE) have attracted significant media interest and fueled investor optimism.

Musk's continued support for Dogecoin (DOGE) has also been a powerful sentiment driver, with speculation that DOGE payments will be integrated into Musk's social platform X, exciting traders and analysts for further gains.

Technical analysis confirmed the momentum, with key indicators such as the “golden cross”, where two long-term moving averages meet, pointing to significant upside potential.

Anonymous analyst Mikibul compared the current pattern to Dogecoin's previous bull cycle, during which the token achieved a rally of nearly 7,000%. Similarly, prominent crypto trader Javan Marks echoed a similar tune, predicting DOGE could reach $3 or more if the momentum continues.

Ripple Rides Regulatory Wave to Record 330% Gain

Ripple's XRP (XRP) token has delivered one of the most unexpected yet impressive rallies of 2024, rising more than 350% since the November presidential election. This upswing has seen XRP surpass Solana and Tether, taking its place as the third largest cryptocurrency by market capitalization.

XRP's rise in price appears to be due to a number of factors, including regulatory optimism, strategic product launches and strong technical progress, making it one of the most talked about assets in the market.

Backed by the speed with which US District Judge Annalisa Torres ruled last year that XRP is not a security when sold on public exchanges — although it can be classified as one in institutional sales — the digital asset appears to have turned a new leaf.

This partial victory has been seen as a turning point for Ripple and the broader crypto industry, which will weaken the US Securities and Exchange Commission's crackdown on securities of other decentralized tokens. Under the leadership of outgoing chairman Gary Gensler, the SEC pursued charges against crypto issuers and exchanges for allegedly offering unregistered securities.

However, Trump's pro-innovation stance, coupled with the prospect of pro-crypto SEC Chairman Paul Atkins being nominated, has raised hopes that Ripple's long legal battle could finally end in 2025.

This renewed confidence in Ripple is driven by the company's long-awaited RLUSD stablecoin, a USD-backed asset designed with respect and transparency. RLUSD was launched on December 18 on platforms such as MoonPay, Uphold and Bitso, marking Ripple's strategic push into the growing stablecoin market.

The launch helps Ripple tap into the growing demand for stable digital assets and solidify its position as a key player in cross-border payments.

Finally, a technical analysis for XRP by popular trader Donald – who correctly predicted XRP's November rally – suggests that a break above $2.60 could ignite another bullish wave, potentially doubling XRP's price.

Analyst EGRAG took a more optimistic view, predicting that the price of XRP could rise between $8.77 and $17.54 if Ripple achieves its long-term goals.

Hedera has re-entered the top-25, establishing itself as a DeFi powerhouse

Hedera Hashgraph has often been seen as a crypto dark horse. Still, the recent resurgence and growing role in the DeFi market has made it stand out. Having rallied more than 800% between November and December alone, Hedera (HBAR) has It has maintained an impressive growth trajectory through 2024.

One of the most exciting developments for Hedera was the possibility of the HBAR ETF going live, with Valor Funds listing a physical value product on the European Euronext exchange.

Meanwhile, Canary Capital's U.S.-based space HBAR ETF has increased in interest as investors closely monitor regulatory developments in the post-election environment.

As US crypto policy may change under the new administration, institutional adoption of HBAR may increase significantly in the medium to medium term.

Finally, Hadera's growing Decentralized Finance (DFI) presence has been a key driver of its success, with Total Value Locked (TVL) in the ecosystem increasing from $53 million in January to nearly $200 million in December, a remarkable increase in Platforms like Stader, SaucerSwap and Bonzo Finance.

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