Will Political Changes in 2024 Propel Solana, Toncoin, and Avalanche Beyond Expectations?

News, Trending

  • 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.

The post Will Political Changes in 2024 Propel Solana, Toncoin, and Avalanche Beyond Expectations? appeared first on Crypto News Land.

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