Ripple CEO sees crypto market hitting $5T by year end: Here are his top 3 picks
Ripple's CEO said that the crypto market could reach $5 trillion by the end of 2024, and investors will be looking for better opportunities to invest and profit if this happens. According to some analysts, Solana (SOL), Sui (SUI) and Boro Finance (ROE) could be some of the best altcoins to include in investment portfolios.
Ripple CEO Brad Garlinghouse is bullish on the crypto market, predicting that the crypto market cap will double to $5 trillion by the end of 2024.
Garling House believes spot ETF approval and Bitcoin's halving event will fuel this prediction. But favorable US regulatory changes have emphasized the critical impact on the growth of the crypto market.
The crypto community is understandably excited by this market forecast, with investors and analysts digging into the numbers to find out which tokens could benefit the most from this boom.
Many experts believe that SOL, SUI and Borroe Finance ($ROE) could be some of the top crypto coins to consider adding to your portfolio ahead of this market rally. Let's look at their reasons.
Solana's verifiers approved the ‘Time Voice Credits'
Solana verifiers have agreed to a “timely voice credit” plan that speeds up transactions. It does this by adjusting the latency of the consensus sound. The proposal was approved on April 8 with a 98% vote.
Additionally, SOL was trading around $172 in the second week of April with little volatility. Experts say the crucial support level is near $170. If it breaks down from here, SOL could trade around $160 by mid-2024.
However, if the price of Solana (SOL) can hold above $172, it may head towards $190 and eventually $200. If the bullish momentum continues, SOL could trade towards $250 by the end of 2024.
Is SUI ready to take off?
SUI has increased by 290% in the past year, from a low of $0.37 in October to the current price of $1.46. In mid-April, Sui was trading at around $1.57 with a crypto market cap of $2 billion. SUI has been fluctuating between $1.35 and $2.15 over the past month.
Experts say that the SUI is now in a low trend, the support at $ 1.55. If it breaks below this support zone, SUI could trade around $1.30 by mid-2024.
Still, many analysts are optimistic about the SUI's upside potential, with some predicting a move to $1.80 if it breaks above the $1.70 resistance level. By the end of 2024, SUI has the potential to trade around $2.50 according to several forecasts.
Boro Finance pre-sale on fire
Boro Finance is attracting investors in the final stages of the pre-sale. They sold more than $282 million of ROE tokens and raised more than $3.66 million. At Level 5, $ROE is sold at $0.02 per token, and listed at $0.025 on multiple exchanges.
This gives new investors 25% profit. Additionally, existing investors are enjoying a 15% bonus when they use the promo code (“Welcome”), but the data suggests that there are currently $153 million worth of ROE tokens left to sell.
Boro Finance aims to revolutionize Web3 business finance using blockchain, AI-powered risk assessment and smart contracts. It provides quick access to capital by allowing businesses to issue and sell NFTs. These NFTs represent their future earnings.
ROE uses the Polygon blockchain for efficiency and low fees. The team is experienced and always brings the best to the table. Some crypto analysts predict that Borro Finance could be one of the best blockchain ICOs in the market today, which is why many investors are HODLing $ROE tokens.
To learn more about Boro Finance (ROE), visit the Boro Finance presale or join their Telegram group or follow Boro Finance on Twitter.
