- Political shifts in 2024 could boost Solana, Toncoin, and Avalanche’s growth potential.
- Solana’s strong technicals and support may lead to new highs if it breaks $200.
- Toncoin’s privacy focus and staking rewards position it for growth amid rising data concerns.
Analysts expect Solana, Toncoin, and Avalanche to thrive post-U.S. election. These cryptocurrencies have already shown strong growth, but political changes may help push them even higher. With the right momentum, they might outperform market expectations.
Solana: Can Momentum Push Higher?
Source: Trading View
Solana has seen an impressive rise of 362.85% over the past year. Currently, the coin is in the third wave of a bullish cycle, with strong price action expected. Maintaining support around $175 is crucial. Breaking through $200 could lead to new all-time highs.
Political shifts in the U.S. also favor digital assets. Over 250 lawmakers now back crypto, with $160 million in funding. This growing support suggests Solana could see more legislative backing in 2024, adding to its bullish outlook.
Toncoin: Privacy Focus Could Drive Growth
Source: Trading View
Toncoin has a unique advantage due to its connection with Telegram. In today’s world, people are more concerned about data privacy than ever. Toncoin’s decentralized messaging platform offers a secure way to communicate, making it appealing to privacy-conscious users.
After launching on Binance’s Launchpool, Toncoin’s user base grew rapidly. Staking rewards have played a role in boosting demand. Some analysts predict Toncoin could hit $8 if it breaks resistance. As the U.S. tightens data privacy regulations, Toncoin’s focus on security may position the coin for strong growth.
Avalanche: Bullish Trend, But Resistance Looms
Source: Trading View
Avalanche has been on a positive trend, rising from $22.80 to $27.67. After a long bearish phase, the coin is now in a bullish pattern. However, it may face resistance at $29.16. Breaking through this level could lead to further gains.
The RSI is at 57.43, signaling moderate buy activity. A pullback could happen if the price hits resistance. If AVAX falls below $25.98, the price may drop back to $22.80, but if the coin breaks $29.16, more upward movement is likely.
Political changes in 2024 could benefit Solana, Toncoin, and Avalanche. Each coin has solid technicals and strong support. With crypto-friendly lawmakers gaining influence, these coins may exceed market expectations this year.
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