Ethereum (ETH): Why $15,000 Might Not Happen in 2024 and Top 3 ETH Alternatives to Consider for 2500% ROI
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/Retik Finance/ – Ethereum (ETH), the second-largest cryptocurrency, has been in the headlines for much of the year. This comes after notable players like BlackRock and VanEck submitted proposals for an Ether ETF approval. Enthusiasts and investors are speculating a potential ETH price rise once the SEC approves the proposals.However, amidst the fervent speculation surrounding Ethereum’s price potential, doubts have emerged about its ability to reach the coveted $15,000 milestone in 2024.
Why $15,000 Might not Happen in 2024
Ethereum has experienced significant growth since its inception, with its price reaching an all-time high of over $4,800 in 2021. So far in 2024, Ethereum has not performed poorly, trading above $3600 before the recent market dip pushed the price below the $3000 mark. Its year-to-date growth stands at 61.84% despite recent market volatility. However, achieving a price of $15,000 in 2024 might be a lofty goal. Despite Ethereum’s widespread adoption and dominance in the DeFi space, several factors could hinder its price trajectory. The ongoing delay from the SEC’s approval of a spot Ether ETF is topping the list. With the excitement about now waning down, analysts predict just a 25% possibility of an Ether ETF.
If the uncertainty persists, ETH might not see any significant price surge in 2024.Moreover, when compared to Bitcoin price performance in 2024, Ethereum lags significantly. Glassnode analysts attribute this disparity to a “weaker capital rotation,” resulting in Ether’s underperformance relative to Bitcoin. The ETH/BTC ratio hit a low of $0.04622 on May 1, indicating a significant gap between the two cryptocurrencies. Furthermore, external factors such as competition from other blockchain platforms and macroeconomic trends influence Ethereum’s market dynamics. While Ethereum has the potential for significant growth in coming years, reaching $15,000 within the year might be unrealistic given the current landscape.
Ethereum Alternatives with 2500% ROI in 2024
Several blockchain platforms have emerged as promising contenders as investors seek alternatives to Ethereum. Let’s explore three top alternatives and their potential for delivering substantial returns:
Toncoin (TON)
Toncoin, linked to the Telegram messaging app, has garnered attention for its innovative features and strong community support. Toncoin (TON) surged by approximately 50% in May, showcasing its resilience and outperformance compared to the broader crypto market.This surge is attributed to several key catalysts driving demand and investor interest in Toncoin. The upcoming launch of Notcoin, a play-to-earn game operating within the Telegram app, has significantly boosted TON demand. With over 34.5 million participants engaging in “mining” Notcoin tokens, the subsequent airdrop of a new native crypto, NOT, among Notcoin token holders is poised to further elevate Toncoin’s value.
Moreover, Pantera Capital’s undisclosed investment in The Open Network and integrating of Tether (USDT) stablecoins has fueled optimism and propelled Toncoin’s price by approximately 46%. Furthermore, Technical indicators suggest a potential 20% increase in TON’s price in the coming weeks, underlining the bullish sentiment surrounding Toncoin’s growth trajectory. With the buzz around an impending altseason, Toncoin is on track to a 2500% ROI in 2024.
Cardano (ADA)
Since its introduction, Cardano has distinguished itself as a leading blockchain platform focusing on scalability, interoperability, and sustainability. In 2024, Cardano recorded a notable resurgence, with a market capitalization of roughly $16.46 billion. ADA stands as a significant player in the crypto market. This is further emphasized by its substantial volume-to-market cap ratio of 1.99%. In May, ADA witnessed a remarkable surge in trading volume, with a notable 34.07% increase in the past 24 hours, amounting to approximately $328 million. This surge in volume reflects heightened investor interest and active trading activity surrounding ADA. Recent advancements in the Conway era, enhancements in smart contract functionality, and ecosystem growth metrics demonstrate Cardano’s potential to rival Ethereum.Furthermore, Cardano’s founder, Charles Hoskinson, hinted at potential partnerships, particularly with Bitcoin Cash (BCH), aiming to explore integration opportunities between the two networks.
Hoskinson’s proposal of a “partner chain” concept underscores Cardano’s commitment to fostering collaboration within the crypto space. Meanwhile, ADA price has demonstrated resilience, reaching a new high amid minor market adjustments. Currently oscillating between $0.42 and $0.47, ADA’s upward momentum aligns with positive market sentiments, driven by Bitcoin’s surge past $63,000 and Ethereum’s surpassing of the $3,000 mark. This promising trajectory positions Cardano as a key player to watch in 2024, with the potential to record a 2500% looming large in the current crypto market.
Retik Finance (RETIK)
Retik Finance (RETIK) emerged as a pioneering force in decentralized finance (DeFi), revolutionizing global financial landscapes with its visionary ecosystem. Its comprehensive ecosystem and focus on privacy and security make it a compelling alternative to Ethereum for investors seeking exposure to the DeFi space. The success story of Retik Finance’s presale further underscores investor confidence in the project’s potential and market viability. Raising over $30 million and finishing its presale earlier than scheduled, RETIK experienced a staggering surge in token value by over 400%. Such remarkable achievements highlight RETIK’s ability to captivate investors and enthusiasts’ attention.
Moreover, Retik Finance’s engagement with the crypto community through exciting events, such as the RETIK giveaway with a total prize pool of $333,000, further solidifies its commitment to fostering community involvement and support. With innovative solutions like DeFi debit cards, Retik Pay, and AI-powered P2P lending, RETIK is at the forefront of redefining global transactions, offering unparalleled convenience, security, and accessibility in the DeFi space. As RETIK gears up for its official launch on May 21, 2024, analysts predict a 5000% token surge post-listing.
Conclusion
While Ethereum’s journey to $15,000 in 2024 faces challenges, investors have a plethora of alternatives to consider for potentially 2500% returns. Toncoin, Cardano, and Retik Finance emerge as top contenders, each offering unique features and value propositions. While the token is still available at just $0.15, RETIK’s upcoming listing on exchanges like OKX and KuCoin will see its price surge to unprecedented levels in 2024. This potential makes it a compelling alternative to Ethereum in the current crypto market.
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