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Cryptocurrency News Articles
Avalanche (AVAX) and Polkadot (DOT) Could 10x Your Investment in 2025
Dec 19, 2024 at 07:30 am
Cardano rallied to over $1.00 for the first time in more than two years, and Ripple's XRP printed an all-time high of close to $3.0 in the weeks following election day.
Cardano (ADA) and Ripple (XRP) have both seen impressive rallies in recent months, with ADA rallying to over $1.00 for the first time in more than two years and XRP printing an all-time high of close to $3.0.
However, while both cryptocurrencies are now taking a breather from their bullish momentum, several other crypto coins may only be warming up for an explosive rally that could turn a $3,000 investment into $30,000 in 2025.
Here’s a look at two crypto coins that could 10x your investment in 2025.
Avalanche and Polkadot are both on track to closing this year in the green. But fundamentals as well as technicals suggest both of these have 10x potential in 2025.
Let’s take a closer look at what each of these have in store for investors.
Avalanche (AVAX) is showing early signs of it being ready for an explosive rally in early 2025. It has more than doubled over the past four months but crypto experts at Investing Haven see its recent gains as a drop in the bucket compared to where AVAX may be headed.
A break above $55.54 – a level in line with Fibonacci retracements will pave the way for Avalanche to climb well into the triple digits, as per their recent report.
Avalanche is a promising blockchain platform that offers impressive scalability and lower fees that makes it suitable for decentralized applications (dApps) and enterprise solutions. A proof-of-stake (PoS) consensus mechanism makes it more energy-efficient compared to proof-of-work (PoW) systems as well. That’s why notable names like Deloitte and Lemonade are already using this blockchain for innovative solutions in insurance and disaster relief.
On-chain activity also indicates increasing participation and network adoption – and as more businesses turn to Avalanche, the price of its native crypto coin could continue to hit new milestones in 2025. In fact, AVAX enthusiasts even expect Avalanche to overtake Solana in terms of market cap over the long term provided that crypto gaming makes a comeback.
Crypto analyst Kaleo, for example, says AVAX price is headed for $400 that could effectively 10x your investment by the end of 2025.
Polkadot’s (DOT) rally has lost steam in recent sessions, much like ADA and XRP – but the pullback may only clear the way for a massive rally to the upside in 2025, according to crypto analyst Ali Martinez.
Martinez expects DOT to weaken further to the $7.5 level before resuming its bull run that takes it to the high of $22 by the end next year. His forecast translates to about a 200% upside in Polkadot.
According to Token Terminal, an on-chain analytics platform, monthly transactions in Polkadot currently sit at an all-time high. The count has effectively tripled from 20 million at the start of this year to 60 million at writing.
Polkadot’s multi-chain framework enables high transaction throughput that makes it suitable for large-scale applications. DOT’s interoperability has attracted several names like Bifrost and Acurast that are already using its ecosystem for cross-chain liquid staking and decentralised cloud infrastructure. Last month, Hydration announced a new decentralized borrowing platform on Polkadot as well.
Polkadot is scheduled for its biggest-ever upgrade dubbed JAM in the coming weeks. This upgrade aims at transforming the network by reducing transaction costs, minimizing latency, and improving overall efficiency – and could help DOT surpass $100 billion in market cap next year, as per crypto analyst and content creator “No BS Crypto”.
Considering Polkadot’s circulating supply of 1,520 million, a market cap of $100 billion would price DOT at about $70 which could roughly 10x your investment in 2025.
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- The US Federal Reserve Cuts Interest Rates for the Third Time in a Row, but the Crypto Market Remains Unmoved
- Dec 19, 2024 at 10:45 am
- The U.S. Federal Reserve recently announced the nation's new interest rate. On December 18 during the last FOMC meeting of the year— Jerome Powell informed that interests would be slashed by another 25-basis-points.