These digital assets are rallying hard right now as investors pile back into crypto
Cryptocurrencies areback in a big way, and now is a good time to look for cryptos with growth potential. After enduring a brutal downturn throughout 2022, digital coins and tokens rallied hard last fall and that momentum has carried into the new year. So far in 2024, the largest cryptocurrencies are up more than 40% each, outpacing the 8% year-to-date gain in the benchmarkS&P 500index and the 10% increase in the technology-ladenNasdaqindex. With many of the leading cryptos approaching their all-time highs, analysts have been revising their price predictions whileprominent investorscontinue to load up on digital assets. Many market observers expect the outperformance in crypto to carry on, fueled bymultiple catalyststhat are coming in the near term. Here are three cryptos with tenfold growth potential by 2026.
Ethereum (ETH-USD)
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The price ofEthereum(ETH-USD) has risen 50% in the last month and is nearing $3,500. ETH is currently at its highest level since April 2022. The current rally has been sparked by excitement related to the upcoming approval of spotEthereum exchange-traded funds(ETFs). Ethereum’s surge since the start of February has outpaced all other cryptocurrencies, includingBitcoin(BTC-USD), according to market data. Over the past 12 months, Ethereum’s price has more than doubled, rising 120%.
The price of Ethereum has been climbing on expectations that the U.S. Securities and Exchange Commission (SEC) will approve spot Ethereum ETFs by this summer. The Wall Street regulator approved spot Bitcoin ETFs for the American market in January and now faces a deadline at the end of May to approve similar Ethereum ETFs. Analysts see ETF approval asa major potential catalystfor Ethereum as it would allow people and institutions to invest in the crypto without having to physically own the tokens.
Bitcoin (BTC-USD)
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Speaking of Bitcoin, the new crop of spot ETFs has attracted massive amounts of capital in a little more than a month since their approval, with some funds seeing inflows of more than $2 billion. After a brief dip immediately after the SEC approved the spot ETFs in January, the price of BTC has been surging as well, having risen 45% in the past month. At $62,000, Bitcoin is closing in on its all-time high of just below $69,000 reached in November 2021. Many analysts see theprice topping $100,000by year’s end.
While the ETFs have served as a big catalyst for Bitcoin, the largest crypto by market cap has another upcoming catalyst in the form ofa halving eventthat’s scheduled to take place this April. A halving event occurs every four years, with the rewards for mining Bitcoin literally cut in half. Past halving events have led to big jumps in the price of BTC, and crypto bulls are expecting another huge rally this spring. Since bottoming under $16,500 in December 2022, Bitcoin’s price has nearly quadrupled.
Solana (SOL-USD)
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For a crypto that has outpaced both Bitcoin and Ethereum over the past year, look toSolana(SOL-USD). The smaller digital token has seen itsprice rise more than 500%in the last 12 months to trade at $129, its highest level since April 2022. In the past month, the price of SOL has gained 32% and shows no signs of slowing down. Sharing many of the same characteristics as Ethereum, Solana is one of the more practical cryptos to own as it has real utility and helps to facilitate decentralized finance (DeFi) transactions.
However, many crypto bulls prefer Solana over ETH and claim that it is the superior cryptocurrency given that it can execute much larger DeFi transactions at much faster speeds than Ethereum. SOL can process 50,000 DeFi transactions per second compared to 13 transactions per second that can be processed by Ethereum. Investors also continue to expect big things from “Solana Pay,” a direct transaction between merchants and consumers that charges zero fees.
On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.
FAQs
Here are three cryptos with tenfold growth potential by 2026. Ethereum (ETH-USD): Approval of spot ETFs has this crypto rallying hard right now. Bitcoin (BTC-USD): An upcoming halving event could push the largest crypto to new all-time highs.
Which crypto can give 1000x in 2024? ›
Here's a quick overview of what coins have the potential to be the next 1000x cryptocurrencies.
- Dogeverse (DOGEVERSE) – Most likely crypto with 1000x with over 600,000% staking APY.
- WienerAI (WAI) – Potential 1000x coin merging meme coins with AI.
- Slothana (SLOTH) – New Solana-based meme coin with an explosive launch.
Pikamoon (PIKA) emerges as a compelling investment opportunity not only due to its innovative gameplay mechanics and active community but also because of its unique, fully doxxed founders. These features collectively position Pikamoon as a potential 100x to 1000x crypto in the cryptocurrency market.
Which crypto has the most growth potential? ›
Highest Potential Crypto Projects in 2024
- Dogeverse (DOGEVERSE) – Multi-chain meme token with massive staking rewards.
- Slothana (SLOTH) – Latest hot meme coin with the potential to go viral.
- Mega Dice (DICE) – Multi functional native token of popular crypto casino.
Conclusion. Looking at STRK, SOL, and MATIC, the short-term growth potential may be more modest. These cryptocurrencies already enjoy solid reputations and have established themselves in the market. For those eyeing substantial gains by 2025, BlastUP offers the most promising opportunity.
Can Algorand reach $100? ›
Are There Any Chances That Algorand (ALGO) Will Reach The $100 Mark? As the price of ALGO Coin increases is increasing, many investors are eager to know whether the price will hit about $100 capital or not. It can hit that so easily by the year 2035-40.
Which crypto has the most potential in 5 years? ›
7 Cryptos With Explosive 5X Potential by 2025
- Ethereum (ETH-USD): Even with its relatively high price ETH has 5x upside.
- XRP (XRP-USD): XRP is free legally and remains the top cross-border transaction token.
- Cardano (ADA-USD): Strong fundamentals and low price are the prime factors for Cardano.
Some of my top 1000x crypto picks include Dogeverse, Slothana, and Mega Dice Token. These three picks are currently in presale, so you'll get the lowest price possible.
Which crypto will boom in 2030? ›
By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500. The current year will witness the Dencun upgrade, which is anticipated to positively boost the value of ETH.
Which crypto will 100x by 2025? ›
Smog Token (SMOG)
This vertical ascent can be credited to SMOG's ingenious tokenomics rewarding early adopters. By simply holding SMOG, users automatically accumulate 'airdrop points' that tally towards a momentous planned airdrop distribution down the line.
Bitcoin:
With institutional adoption on the rise and growing mainstream acceptance, Bitcoin remains a staple in any crypto portfolio. As a store of value and hedge against inflation, Bitcoin's scarcity and deflationary nature make it a compelling long-term investment for millionaire hopefuls.
Which crypto has potential to reach $1000? ›
Solana (SOL):
The price dip could be a lucrative entry point for new investors. If we enter a bull run later this year, there is a possibility that the cryptocurrency will reclaim and surpass its 2023 highs. The asset may even hit a new all-time high, with high market and investor sentiment.
Which coin has potential like Bitcoin? ›
Top 10 Cryptocurrency
| Coin | Market Capitalization | Current Price |
|---|
| Bitcoin (BTC) | $1.3 trillion | $66,268 |
| Ethereum (ETH) | $385.74 billion | $3,171 |
| Tether (USDT) | $108.78 billion | $1.00 |
| Binance Coin (BNB) | $82.03 billion | $607.93 |
7 more rows6 days ago
Here's our list of cryptos that will explode in 2024: Dogeverse (DOGEVERSE) – A multi-chain Doge token expected to boom in 2024. Slothana (SLOTH) – A hot Solana meme token raising over $550K in a few hours. Mega Dice (DICE) – A popular crypto casino offers daily rewards to token holders.
What is the next gen coin that will replace Bitcoin? ›
Unlock new digital wealth with these cryptos. Ethereum (ETH-USD): ETH is set to surge with Bitcoin's ascent and upgrades. Chainlink (LINK-USD): It seamlessly bridges DeFi and traditional finance. Cardano (ADA-USD): The crypto shows potential for significant growth post-Alonzo upgrade.
Which crypto will rise in 2030? ›
In 2025, BONK is expected to continue its upward trend, with analysts forecasting an average price of approximately $0.000104 for the token. In 2030, the bullish trajectory of BONK is anticipated to persist, with analysts projecting an average price of around $0.000546 for the token.
Which crypto will be worth in 2030? ›
By the year 2025, Ethereum is expected to reach the maximum level of $6,500 with a minimum of $ 4,500 and an average of $5,500. And by the year 2030, it is expected that it may go up to a maximum of $20,500. The current year will witness the Dencun upgrade, which is anticipated to positively boost the value of ETH.
Which crypto to hold for 2030? ›
Ark is extremely bullish on the world's largest cryptocurrency, Bitcoin (BTC 1.12%). The firm's official research implies the coin could deliver a gain of 2,000% by 2030, but Wood herself just came out with a new price target that points to a potential upside of more than 5,300%.
What will hot crypto be worth in 2030? ›
Holo (HOT) Price Prediction 2030
According to your price prediction input for Holo, the value of HOT may increase by +5% and reach $ 0.00339 by 2030.
