4 Promising Cryptocurrencies to Watch as We Enter 2024: GALA, RAY, HYPE, and RTX

Finding the best cryptos to invest in might be difficult given the wide array of options available and a lot of notable fluctuations. From Gala’s (GALA) possible breakout to Raydium’s (RAY) rally-ready structure, Hyperliquid’s (HYPE) bullish sentiment, and Remittix’s (RTX) game-changing approach to cross-border payments, these four promising initiatives are taking the stage.

As the crypto industry gears up for an exciting new year, several promising projects are emerging as top contenders for investors' attention. From breakout potential to rally-ready structures and game-changing approaches, these initiatives are poised to make a significant impact in 2024.

Among the promising altcoins to watch, Gala (GALA) stands out with its strong market presence. Despite recent bearish trends, the GALA price shows promising recovery efforts from its all-time high (ATH) of $0.836, which remains unattained for three years now.

However, GALA price movements are still noteworthy, considering the 26% reduction over the past month and the continuous bearish trend.

A closer examination of the GALA price chart reveals a double bottom pattern, which is often associated with upcoming breakout occurrences. Technical indicators like the MACD and 30-day SMA also point to rising momentum for the GALA coin.

Meanwhile, the Momentum Oscillator shows caution with its sell signals, highlighting the contrasting sentiment in the market.

Despite the recent bearish influence, Raydium (RAY) remains among the promising altcoins to watch. The altcoin price reached a peak of $5.85 and dropped below $4.75 amid bearish momentum.

This latest activity resulted in a weekly loss of over 9% and a monthly loss of around 6%, reflecting the ongoing bearish trend for this altcoin.

The Raydium price chart, however, highlights the altcoin's difficulty in narrowing the gap to its ATH of $16.93, which was achieved four years ago. Despite this, analysts remain hopeful about a possible retest of the ATH within the current market cycle.

A closer examination of the Raydium price chart reveals a diverging triangular pattern, which is usually connected with approaching breakout events. This trend points to rising optimistic momentum when combined with buy indications from important technical indicators including the MACD and Moving Averages.

Hyperliquid (HYPE) price experienced notable swings, briefly climbing above $26 before bearish momentum pulled it back below $20.

This latest activity resulted in a weekly loss of almost 7%, demonstrating the ongoing tug-of-war between bulls and bears.

Still, Hyperliquid (HYPE) is among the top crypto coins to hold; over the past month, the Hyperliquid price has increased by more than 57%. Demonstrating the altcoin's potential for notable upside in the current market cycle, the recent rally drove the altcoin to a new all-time high (ATH) of $35 on December 21, 2024, as seen on the Hyperliquid price chart.

With important technical indicators like the Momentum Oscillator and CCI flashing buy signals, the Hyperliquid price chart highlights, even more, the altcoin’s positive view. These indicators suggest the rising possibility of another rally driven by strong technical setups and positive market sentiment.

Remittix is positively impacting the $250 trillion cross-border payment sector by effectively combining blockchain technology with unmatched simplicity and efficiency. Supported by about a hundred cryptocurrencies, the platform provides a flat 1% transaction charge, therefore removing foreign exchange fees and guaranteeing lightning-fast payments.

Moreover, Remittix turns digital assets straight into fiat and deposits them into bank accounts, therefore simplifying crypto-to-fiat transfers. Its innovative Remittix Pay API lets companies easily accept crypto payments, therefore opening unrealized income sources in the fast-growing cryptocurrency market.

The ongoing presale of the RTX utility token at just $0.0199 offers a rare chance for forward-looking investors to make one of the best crypto investment decisions accessible right now. Leading with cost-efficiency, speed, and scalability, Remittix is ready to beat big platforms like Stripe, Wise, and Coinbase. Driven by a BlockSAFU-certified smart contract, the platform ensures users’ transparent and safe financial environment.