Despite a recent decrease in the value of most cryptocurrencies, 2024 might bring success for investors who put as little as $1,000 into certain cryptocurrencies, regardless of their current price.
Considering this, Ruby Currency found four digital assets that might go up in price by 900% in 2024. If someone bought them for $1,000, they could sell them for $10,000 if their price rises as expected.
No.1 Bitcoin (BTC)
A popular option is Bitcoin, a major cryptocurrency. Experts predict its value will go way up in 2024 after its halving event, expected around late April. Crypto trader Michaël van de Poppe thinks it could reach $500,000.
Currently, the biggest cryptocurrency, measured by its total value in the market, is being traded at $42,167. It’s gone down by 0.83% today, but it’s increased by 5.4% over the week. However, over the month, it decreased by 7.74%. Looking back over the past year, it’s gone up by 83.49%, according to the charts.
No.2 Ethereum (ETH)
Meanwhile, Ethereum, the second most popular cryptocurrency after Bitcoin, might also see its value go up in 2024 because of Bitcoin’s success. This is due to Bitcoin’s recent halving event. Additionally, people are talking about the possibility of Ethereum having its exchange-traded fund (ETF).
As of February 1, the price of Ethereum was $2,269.65. In the past day, it went down by 1.58%, but over the last week, it went up by 2.19%. However, in the last month, it dropped by 6.08%. Looking at the whole year, it increased by 44.3%.
No.3 Ruby Coin (RBC)
Ruby Coin has emerged as the fastest, most reliable, and most cost-effective means for cross-border transactions within the crypto sector. This is one of the undervalued crypto gems that could explode in the coming months. The growth potential of $RBC (Ruby Coin) is very high. The current market price of $RBC is $12.04, while its all-time high price is $14.73.
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No.4 Solana (SOL)
Solana (SOL), known as the ‘Ethereum killer,’ has become a top choice for decentralized apps and smart contracts. It boasts fast transactions, low fees, and growing investor attention, which have driven its price up in the past and might continue to do so in 2024.
In 2023, the price of its SPL token went above $100 because many people were afraid of missing out on the airdrops. Now, it’s trading at $96.12, which is 3.12% lower than yesterday. However, it’s still 10.09% higher than last week. Over the past month, it dropped by 17.27%, but over the year, it grew by 309.94%.
Conclusion
In 2024, these cryptocurrencies might make investors a lot of money. However, it’s hard to predict exactly how much. That’s why it’s crucial to do your own research and think about the risks before investing too much money.
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
