The crypto market is approaching its launch base to rebound from the recent bearish price movement.
Crypto experts believe that the virtual currency market is more consolidated than ever, led by long-term investments.
Bitcoin and Ether are likely to remain the top investment choices in the crypto space, while some alternative cryptocurrencies show potential to hit a lifetime high in the next one year.
Here are five crypto tokens that can reach an all-time high soon.
- Dogecoin (DOGE)
Dogecoin developers have started bolstering its blockchain domain, as miners have been mining Doge tokens at an unprecedented speed.
Doge Hodlers, aka Doge army, continue to support the “Doge to US$ 1” campaign, which has been massively boosted by Tesla founder Elon Musk.
The token presently holds an all-time high of C$ 0.74.
- Cardano (ADA)
Cardano blockchain platform’s native token ADA is likely to record an all-time high price by the end of this year on the back of its smart contract launch in October 2021.
The decentralized application platform will allow developers to write digital contracts in the Haskell programming language.
The blockchain network has witnessed high staking in ADA tokens this year. It performs through ‘proof of stake’ model.
The token recorded an all-time high of US$ 2.47 per unit in mid-April this year and could hit a price of US$ 3 apiece by mid-2022.
- Ripple (XRP)
Ripple’s XRP token failed to capitalize on the bullish crypto trends due to the lawsuit filed by the Securities Exchange Commission (SEC) against its native token.
On Thursday, July 15, the court has allowed Ripple Labs to question the former SEC head in regard to this lawsuit.
The crypto token recorded a lifetime high of US$ 3.4 per unit in 2018. If the court announces the final order in favor of Ripple Labs, XRP may surpass a US$ 4-mark in 2021.
On top of that, XRP’s parent company is poised to go public following the SEC case.
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- Stellar (XLM)
Stellar’s native crypto token XLM missed the mark of US$ 1 by 13 per cent in April 2021. It has, instead, touched a record high of US$ 0.87 per unit.
The decentralized finance project aims to connect financial institutions to the blockchain technology network. It enables secure transactions through the algorithm as a substitute for mining.
The project continues to maintain steady growth in line with top crypto tokens. In the next crypto boom, the token is expected to cross US$ 1 apiece.
- Litecoin (LTC)
One of the pioneers of the blockchain-led crypto projects, LTC token has a faster block creation than Bitcoin.
LTC token delivered a lifetime high of nearly US$ 414 apiece in early June, but tumbled by over 70 per cent in the last two months.
However, the demand for its blockchain, on which Dogecoin is currently operating, is still intact. As the crypto market recovers, Litecoin token could touch a high of US$ 415.