Is This New Cryptocurrency Poised to Outperform The Bitcoin, Solana, and XRP Price in 2024

13 views 1:49 pm 0 Comments July 19, 2024

The crypto market has been on a roll in 2024, with the Bitcoin price retesting its $69,000 all-time high before a pullback. While BTC has not yet shown enough strength to break out over $70k, investors are anticipating another bull run for Bitcoin post-halving.

In the meantime, many new low market cap cryptos are now getting the crypto community’s attention with their unique use cases and high upside potential. Among them, there is one green cryptocurrency that will possibly outperform Bitcoin, Solana, XRP, and multiple other mainstream cryptocurrencies. What is it, and will Bitcoin, Solana, and XRP move up this year?

2024 Crypto Prices Outlook – Bitcoin

2024 kicked off with investors anticipating the US SEC’s approval of the spot Bitcoin ETF. That anticipation pushed the Bitcoin price beyond to the $40k mark in Q3 2023, and Q4 2024 has seen Bitcoin closing in on its all-time high.

At the time of writing the BTC price is currently consolidating around the $67k mark with the next Bitcoin halving in 44 days according to Coingecko.

bitcoin graph

bitcoin graph

Solana Price

Like Bitcoin, sentiments around Solana have been largely positive since Q3 2024, as the release of Solana-based meme coins and the developments with Solana’s ecosystem pushed SOL to new highs.

Currently valued at over $140, Solana has experienced a yearly increase of 591%. The recent pump for SOL came after the recent Bitcoin price action. However, the growth can also be attributed to other meme coins that are making waves within Solana’s ecosystem.

Solana graph

Solana graph

XRP Price

However, unlike Bitcoin and Solana, XRP hasn’t experienced much of an increase this year. Its last major bull run came after Ripple’s half-victory over the US Securities and Exchange Commission. But the tussle between Ripple and the US SEC is still ongoing, keeping XRP’s value volatile.

At press time, the XRP price is hovering over the $0.62 mark, and the price chart doesn’t appear as bullish as other big caps. XRP’s current market capitalization is $34 billion, below its mid-2023 market cap of $42 billion.

xrp graph

xrp graph

New Crypto eTukTuk – Can TUK Outperform Leading Cryptos in 2024

Environmental concerns have people vying to invest in more sustainable, newer cryptocurrency options. eTukTuk (TUK) has emerged as one that uses electric vehicles to push its eco-friendly agenda.

This new crypto project revolves around establishing charging stations across the globe while also providing people with zero-emission electric vehicles (EVs) to counter the carbon footprint issue, making it a leading green cryptocurrency to get behind.

eTukTuk not only aims to provide a greener solution, but also seeks to integrate with AI, giving the vehicles more attributes that most. At the core of this project lies a web3 app divided into two categories: driver and passenger. The driver app will provide a way to use TUK as a transaction medium.

TUK is a token with unique utilities such as power staking and sharing economy. TUK will also be a part of a reward system where a share of fees for charging vehicles at stations established by eTukTuk will reward users with a share of revenue, Once the network launches, TUK will have an on-chain reward mechanic in which the entire supply will be distributed over 15 years. The APY rewarded to users will be determined by the number of tokens stating the holders’ participation.

eTukTuk is One of the Biggest Presale Hits of 2024

eTukTuk has been revealed to the crypto space as a presale. The multi-staged presale, with a progressive increase in the token’s price with each stage, has raised more than $1.7 million already. Those interested in this project can visit etuktuk.io to become early movers.

Established tokens like Bitcoin, Solana, and XRP are good buys this year. However, the market is volatile, and presale tokens with innovative technology like eTukTuk can be considered a hedge against the market’s volatility.

The multi-staged nature of the presale will allow early movers to make gains before the token goes live on exchanges. And the hype generated during the presale will likely push TUK’s value when it gets its first listing. The pump can potentially outperform leading that are trading this year.

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