Bitcoin has finally come out of the dark as the coin's price hit a new high of $93,000. As BTC soared to new highs, its rise to a new price point began an amazing bull market phase, a period that will bring huge returns to investors if they know how to manipulate the market well. Here are three top coins investors must explore to take advantage of this magnetic bull market phase.
Top cryptocurrencies worth investing in a bull market
1. Bitcoin (BTC)
Bitcoin will be at the top of the list, mainly because of its stable price movement. The token is targeting $0.1 million and is expected to reach this price level before the end of this year. Meanwhile, as Trump enters the White House, his pro-cryptocurrency stance is likely to continue to have a positive impact on BTC, helping it soar rapidly.
According to CoinCodex, if the momentum is strong enough to support BTC's courage and strength, BTC could reach the coveted $106 mark by the end of this month.
“According to our current Bitcoin price forecast, the price of Bitcoin is expected to rise 21.43% and reach $106,024 by December 13, 2024. According to ourTechnical indicatorsThe current sentiment is bullish, while the Fear and Greed Index shows 84 (extreme greed). Bitcoin recorded 18/30 (60%) green days over the past 30 days, with a price volatility of 7.36%. According to Bitcoin predictions, now is a good time to buy Bitcoin.”
2. Dogecoin (DOGE)
Dogecoin is another cryptocurrency worth watching, and it will gain tremendous momentum during this bull run. Dogecoin is Elon Musk's preferred cryptocurrency, and the price of Dogecoin has often seen amazing spikes due to Musk's impromptu mention of Dogecoin in interviews. That being said, Musk is preparing for a new position as head of the Ministry of Government Efficiency (DOGE) under the presidential team system, which could have a long-term positive impact on Bitcoin's price.
According to CoinCodex, Doge could be trading around $0.36 by the end of November 2024.
“Based on our current forecast for the Dogecoin price, the Dogecoin price is expected to drop -7.28% to reach $0.360678 by December 13, 2024. According to our technical indicators, the current market sentiment is bullish, while the Fear and Greed Index shows 80 (extreme greed). Over the past 30 days, Dogecoin showed an upward trend for 20/30 (67%) days, and the price fluctuation rate was 32.95%. According to Dogecoin's predictions, now is a good time to buy Dogecoin.”
3. Ripple (XRP)
Ripple (XRP) is another promising cryptocurrency worth exploring in the current bull market. President Trump's administration has vowed to fire Gary Gensler (Gary Gensler), the current chairman of the US Securities and Exchange Commission, who is famous for accusing XRP of being a security. If Gensler is removed, it will have a positive impact on the entire cryptocurrency sector, and XRP will greatly benefit from this development.
According to CoinCodex, if XRP continues to capitalize on the current market speed and momentum, it could hit a new high of $0.77 by the end of this month.
“Based on our current XRP price prediction. The price of XRP is likely to rise 15.37% and reach $0.776372 by December 13, 2024. According to our technical indicators, the current sentiment is bullish, while the Fear and Greed Index shows 84 (extreme greed). XRP recorded 18/30 (60%) green days over the past 30 days, with a price volatility of 5.53%. According to XRP predictions, now is a good time to buy XRP.”