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Two cryptocurrencies to turn $100 into $1,000 in 2025

source-logo  finbold.com 11 December 2024 17:54, UTC

As it turned out by December, the trick to making it big in the 2024 cryptocurrency market was no tougher than buying all but the shadiest of meme coins and tokens as the year featured a massive bull run.

Such a setup, for all the optimism, might make finding the right digital assets to invest in in 2025 tougher as across-the-board higher prices indicate that – barring a true parabolic market-wide rally – many cryptocurrencies are likely to offer far more modest gains.

Still, many will likely continue surging, with even the biggest names in the sector, such as Bitcoin (BTC) and XRP, likely generating millionaires, particularly should they hit some of their most bullish price targets of $250,000 and $48, respectively.

Assuming 2025 proves another strong year, however, savvy investors might find even more wealth trading some of the slightly more overlooked digital assets, and Finbold elected to examine two strong trades for the New Year.

Hedera (HBAR)

Hedera (HBAR), the token of a platform focused on providing somewhat unconventional solutions to the issues of blockchain transaction speed, security, and scalability using the ‘Hashgraph’ consensus algorithm, had recorded massive gains since early November.

The surge, though on a hiatus at press time, is likely to continue into 2025 due to numerous recent positive developments, including Canary Capital’s November filing for a spot exchange-traded fund (ETF) and an active role in real-world asset tokenization.

The ETF could prove a particularly powerful catalyst, as the mere act of filing raised the cryptocurrency’s prominence, and recent electoral and regulatory developments indicate approval is relatively likely to come next year.

Furthermore, HBAR’s recent performance – a 20.74% correction from the December 6 highs near $0.37 to the press time price of $0.29 – that followed an extraordinarily 433.91% rise in the last 30 days demonstrates both the token’s rally potential and the fact traders are likely, at press time, facing a ‘buy the dip’ opportunity making it easier to turn $100 into $1,000.

Stellar (XLM)

Stellar (XLM) has been in the news more and more in recent weeks for a good reason: its swings are remarkably similar yet stronger than those of XRP.

Specifically, XLM first experienced a 500.84% rally between early November and December, taking it from $0.09307 to $0.5592. Within the same time frame, XRP rocketed 346.27% from $0.51314 to $2.29.

Furthermore, the subsequent correction has also been greater as Stellar dropped 10.43% in the last 7 days to its press time price of $0.43188, while XRP’s downturn amounted to 4.33%.

Much like HBAR, investors seeking to enter an XLM position may have a great opportunity on December 11 as the recent downturn not only means the cryptocurrency is relatively cheap compared to recent highs but has significantly cooled off its relative strength index (RSI), from ‘overbought’ peaks above 90 to 53.68.

Also similar to Hedera, Stellar is benefitting from increased institutional exposure through Grayscale Investments LLC’s Stellar Lumens Trust – a tailwind that has been strong in late 2024 and is likely to grow stronger in 2025 given the general trend toward greater digital assets acceptance and adoption.

Finally, should XLM continue outperforming XRP by a similar margin – and should XRP reach the most bullish of expert expectations – a rally all the way up to $9 could illuminate the token in 2025.

Featured image via Shutterstock

finbold.com