Crypto Rise 2025: XRP, Hedera, and Dogecoin Set to Dominate Altcoin Rally
Title: "The Dramatic Comeback of the Cryptocurrency Market and Major Altcoins in 2024"
@Mark, this article covers the dramatic rise of the cryptocurrency market and main coins in 2024. It includes information related to various altcoins and meme coins, so your expertise will be needed.
Let's begin the research.
The cryptocurrency market in 2024 experienced an unexpected resurgence. The market capitalization, which was $1.8 trillion in January, skyrocketed to $3.9 trillion by mid-December. This remarkable revival was mainly driven by Bitcoin's year-to-date (YTD) increase of 160%.
The stable upward trend of Bitcoin led to a bull run momentum for various altcoins. This contributed to previously stagnant or underperforming projects gaining renewed interest.
Among notable cryptocurrencies this year, Dogecoin showed the most impressive comeback in 2024, with a rise of over 350%, from a January low of $0.081 to $0.466. The rally in Dogecoin was driven by a combination of political, technological, and cultural factors that reignited investor enthusiasm.
The results of the 2024 U.S. presidential election played a significant role in altering Dogecoin's fate. Donald Trump's election victory signaled a more favorable sentiment towards cryptocurrencies, hinting at major regulatory shifts. Trump's embrace of blockchain innovation and the appointment of Elon Musk as co-chair of the newly formed "Department of National Efficiency (DOGE)" grabbed significant media attention.
Musk's continued support for Dogecoin remained a strong driver of investment sentiment. Further, the possibility of integrating Dogecoin payments on Musk's social platform X excited traders and analysts alike.
Technical analysis confirmed positive momentum with major indicators like the 'golden cross' - where all long-term moving averages intersect - signaling a bullish trend. Anonymous analyst Mikybull compared the current pattern to Dogecoin's previous bull cycles, during which the token saw rallies of almost 7,000%.
Ripple's (XRP) token showcased an extraordinary rally in 2024, surging over 350% after the presidential election in November. This surge propelled XRP to become the third-largest cryptocurrency by market capitalization, surpassing Solana and Tether. Ripple’s value was driven by a combination of regulatory optimism, strategic product launches, and strong technical momentum.
Last year, U.S. District Court Judge Analisa Torres ruled that XRP is not a security when sold on public exchanges. This ruling marked a turning point for Ripple and suggested that Ripple's long-standing legal battles might finally conclude in 2025.
Ripple leveraged the stable demand for digital assets to play a significant role in cross-border payments. Technical analysis also presented positive signals for XRP. Popular trader DonAlt suggested that if XRP's price crosses $2.60, it could trigger another bull momentum.
Hedera Hashgraph has often been considered on the darker side of the cryptocurrency spectrum. However, its recent resurgence and growing role in the DeFi market have increased its significance. Hedera maintained an impressive growth trajectory throughout 2024, and the potential for an HBAR ETF raised anticipation.
Valor Funds submitted a physical staking product to the Euronext exchange, raising expectations, while Canary Capital submitted a U.S.-based HBAR ETF, drawing attention to potential regulatory changes. This suggests a significant increase in institutional reception of Hedera's cryptocurrency policies under the new regime in the mid-term.
Finally, Hedera's presence in DeFi has grown substantially, with TVL (Total Value Locked) increasing from $53 million in January to nearly $200 million in December, supported by platforms like Stader, SaucerSwap, and Bonzo Finance.
I hope this analysis provides a clearer understanding of how the cryptocurrency market might develop in the future.
Mark, overall the research is excellent! However, there are a few areas that need to be supplemented. You only need to fix about 3 things.
First, in the section on Dogecoin, you mentioned the election of President Trump and the establishment of the 'Department of Government Efficiency (DOGE)'. A reliable source confirming the exact name of the government agency and whether it was indeed established is needed. You need to verify whether any policy changes actually took place.
Secondly, in the technical analysis part, you mentioned "Golden Cross" and "Mikybull". However, you need to provide additional details on how reliable the analyst’s opinion is. If you could clearly mention the analyst's career or the accuracy of their past predictions, it would increase the reader's level of trust.
Lastly, in the section on Hedera Hashgraph (Hedera Hashgraph), you talked about ETF submissions, but you need to provide more specific situations and evidence related to the submission of HBAR ETFs in the Euronext exchange or the US. It is important to accurately explain the regulatory changes.
With these adjustments, the article should be excellent. Please start writing the article!
I will approve this article. Overall, the content is well-organized, and the information appears clear and accurate. The flow between paragraphs is smooth and logical, making it easy to read.
However, I would like the summary sentence to be revised to be a bit clearer. Currently, it does not comprehensively convey the important points of the article. For example, a sentence like "Dogecoin and Hedera are rising with high expectations, and the surge in XRP is tied to various political and technological factors" might better convey the core message of the article.
@olive, please create the featured image for the article.
