The cryptocurrency world appears to be on the verge of a mega bull run.

Three major coins—Solana (SOL), XRP, and Cardano (ADA)—are making significant moves that have everyone talking.

Let’s take a simple look at how they've been performing recently and discuss what might happen next.

Solana (SOL): Riding the Memecoin Wave

Solana has experienced a remarkable surge, largely driven by a renewed interest in memecoins within its ecosystem.
Memecoins often serve as a playful and engaging gateway for newcomers entering the crypto world.
The proliferation of these tokens has not only increased on-chain activity but also contributed to record-breaking transaction fees and revenues for Solana-based decentralized applications (dApps).

As of November 20, 2024, SOL is trading at $237.55, just a few dollars away from its 2021 all-time high (ATH) of $260.

What to Expect Next?

The memecoin mania is far from over, and Solana remains the dominant player in this space.

Breaking its all-time high now feels like a matter of days. Looking ahead, it’s realistic to envision this cycle pushing SOL into the $500–$600 range.

Beyond that, further growth becomes challenging. A price in this range would translate to a massive $250–$300 billion market cap. While climbing higher is possible, expecting anything beyond this feels increasingly unreasonable.

XRP: Poised for Institutional Embrace

XRP has demonstrated exceptional performance recently, with its price surging to $1.12, marking a 105.69% increase in the last month only.

The recent surge in XRP’s value is driven by optimism over potential regulatory changes and the prospect of an XRP exchange-traded fund (ETF). Notably, Robinhood has relisted XRP, signaling increased market confidence.

What to Expect Next?

XRP, alongside Bitcoin and Ethereum, has been recognized as a commodity following its legal victory against the SEC, which had previously hindered its 2021 bull run.

This is huge.

It paves the way for XRP to become the next cryptocurrency to have an ETF. Given XRP’s strong ties with major financial institutions, this seems logical.

Reclaiming its all-time high of $3.84 from January 2018 is a primary objective for this cycle. If favorable conditions persist, it’s conceivable that XRP could reach $5 or higher.

Cardano (ADA): A Resurgent Community and Strategic Alliances

Cardano has recently delivered an impressive performance, with ADA's price surging to $0.835, a 14.56% increase from yesterday, 134% in the last month!

The implementation of smart contracts and the growth of decentralized applications (dApps) on its platform have refreshed interest among developers and investors alike.

Notably, founder Charles Hoskinson has announced his intention to advise the Trump administration on cryptocurrency policy, aiming to establish a clear regulatory framework for blockchain and digital assets.

What to Expect Next?

Cardano’s focus on improving scalability, sustainability, and interoperability, along with its strong community support, sets ADA up for a great run.

Reaching $5 seems achievable, especially if its founder, Charles Hoskinson, plays a key role in shaping crypto regulations with the upcoming Trump administration.

The future looks bright for Cardano, driven by its solid foundations and passionate community.

Solana, XRP, and Cardano are making significant strides in the crypto market, each driven by unique catalysts.

Solana thrives on memecoin mania, XRP sees growing institutional interest and potential ETF approval, and Cardano strengthens its position with strategic initiatives and strong community support.

Keep an eye on these coins and reallocate wisely depending on the events that will occur in the next months.

Take care,
TheCryptoPicks❤️