These Cryptos Are Ready for New ATHs in Q4 2024

With the bull run anticipated to get more intense in Q4 2024, several investors are on the lookout for the cryptos that could lead the move and reach near all-time highs. With the current trend in the market, the following cryptos could end up seeing new all-time highs in the coming months

SUI: A Surge in Activity

SUI has captured investor interest, evidenced by a 300% increase in daily active users (DAUs) on the Sui Network within just a month. With the total value locked (TVL) nearing its all-time high, SUI is gaining attention for its robust trading capabilities, particularly through the upcoming launch of the decentralized exchange (DEX) platform, DeepBook.

SUI has continued to make development that could make its network even better. According to Stacy Muur (@stacy_muur) DeepBook was developed by the Sui community to revolutionize decentralized trading by providing an efficient, on-chain central limit order book (CLOB).

Despite the dominance of centralized exchanges (CEX) in trading volume, DeepBook is attracting liquidity from various DEXes, including AftermathFi, KriyaDEX, and CetusProtocol.

With $30 million in TVL and over $300 million in monthly transaction volume, DeepBook is set to become a cornerstone of the Sui ecosystem. The introduction of the $DEEP token will facilitate trading fees, rebates for market makers, and governance, further incentivizing user engagement.

The strong price action of SUI, plus its increasing on-chain activities and constant development suggests significant potential for both short-term and long-term gains.

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XRP: Legal Clarity Ahead

There has been excitement surrounding Ripple’s recent court victory against the SEC. The court’s ruling, which includes a $125,000 fine for Ripple, has sparked optimism among investors. If the SEC does not appeal, analysts predict a bullish surge in XRP prices, particularly as the market anticipates a breakout following prolonged sideways trading.

The looming deadline of October 7 has heightened expectations for XRP holders, who have been waiting for a rally. The positive that would stem from SEC’s decision not to appeal could catalyze XRP to a new all-time high.

DOGE: Growing Community Engagement

Ali (@ali_charts) reported on the impressive metrics surrounding Dogecoin (DOGE). Recently, the network experienced its largest spike in active addresses, reaching 84,306, indicating heightened user engagement.

Over the past week, there has been a 72% increase in new DOGE addresses, with nearly 20,000 created in just one day. This surge suggests a growing interest in the meme coin.

The recent price action, following a breakout from a six-month descending channel, signals bullish momentum for DOGE. Should the positive on-chain metrics persist, it could lead to further upward movement for Dogecoin and potentially other meme coins.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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