3 cryptocurrencies: If there’s a bull market in 2024, three cryptocurrencies might be worth $100 billion each this year.
Before, we talked about smaller cryptocurrencies that might grow to be worth $1 billion, $10 billion, or $50 billion. If more people are interested, they could even aim for a $100 billion value.
The projects that are already close to being worth a hundred billion dollars are the ones most likely to reach that value faster. Also, if there are a lot of new shares or coins being created, the total value of the project can go up even if the price of each share or coin doesn’t change.
Solana (SOL) could reach a $100 billion market cap
Solana (SOL) is a cryptocurrency worth $48.12 billion that has been growing fast. It is becoming more popular compared to other cryptocurrencies, and its technology for secure transactions is competing with Ethereum’s (ETH).
Big investors and companies are really interested in its technology for a better and more powerful Web3. SOL has strong support from big money investors and financial companies.
If Solana’s market value reaches $100 billion, its value could go up by nearly 108%. But, the value of each Solana token might not increase as much because every year, the number of Solana tokens increases by over 17%, which could lessen the impact of the value increase.
XRP set to overcome the $1 per token
Second, XRP has a good chance of growing to be worth a hundred billion dollars from its current value of $30.25 billion. Its emphasis on money transfers and deals with big companies could help more people start using it.
Meanwhile, Ripple releasing more tokens every month and sometimes selling extra could increase its market value by adding more tokens into circulation.
If the market value reaches $100 billion, it could nearly triple the investment value, which might affect its price. XRP’s supply changes are harder to predict compared to Solana’s planned releases, making it tougher to guess how the price will change.
Avalanche (AVAX)
Finally, Avalanche (AVAX) might reach a $100 billion market value in 2024. This is because it’s growing in DeFi and is a popular choice for creating protocols and investing.
Moreover, AVAX also has a high supply inflation, which could help increase its market value, similar to the other two cryptocurrencies.
If its value goes up to what is expected, it would increase by almost 585% from its present value of $14.61 billion. Like SOL and XRP, the price of AVAX might not rise as much as expected.
If its value reaches the expected amount, it could go up by almost 585% from its current $14.61 billion. However, like SOL and XRP, AVAX’s price may not increase as much as predicted.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
