Entering 2023, few could predict the tenfold increase in FET Coin or the massive surge in BONK Coin. Mid-year, the emergence of PEPE Coin, rapidly absorbing the already weakened market volume, also came as a surprise. These indicators suggest that certain altcoins could show signs of growth potential, and three such coins are eyed for 2024: Solana (SOL), OKB Coin, and Injective (INJ).
Solana has displayed impressive performance, with its price rebounding from $8 to over $120 within a year. If SOL Coin can maintain the $95 level, it may aim for $143, with the next significant resistance at $200. Conversely, closing below $95 could trigger a pullback to $55.
OKB Coin, the token of the growing OKX exchange, may see an impressive year ahead, especially during bull markets when exchange tokens attract significant interest. After reaching an all-time high (ATH) of $65 on November 13, the popular altcoin’s upward trajectory continues. If the $54 level holds, the $60 resistance could be surpassed, potentially leading to new ATHs beyond $65, with targets at $80 and possibly $100. Investors should note that only 60 million of the 300 million total supply is in circulation, indicating room for growth with a current market cap of $3.26 billion.
Injective has increased 30-fold compared to last year’s prices and has set multiple new ATHs. With a market cap of $3.2 billion and most of its supply in circulation, INJ Coin could follow Solana’s growth trajectory, potentially reaching a market cap of $30 billion, which would translate to a price of $356. During the bull market’s peak, the Terra ecosystem achieved valuations in the tens of billions of dollars.
As 2024 approaches, the crypto community is eager to discover the next breakout stars, comparable to Solana and other altcoins that exploded in 2021. With the potential for OKX to compete more closely with Binance in terms of volume, OKB Coin might find itself in a position to challenge BNB. The year 2024 promises to be an exciting one for these cryptocurrencies.