In 2024, a number of tokens made the headlines. Some of them were Bitcoin (BTC), Solana(SOL) or Shiba Inu(SHIB).
The tokens have been performing well so far this year. They cover many different use cases. Check out how each investment would have performed in 2024.
Bitcoin’s primary drivers for 2024 include the launch of Spot exchange traded funds The market price for the forthcoming halving was set in January. ETFs have brought in new investors in large numbers and are the most successful ETF launches in history. It is expected that the halving will reduce the number of tokens purchased each day and could lead to a rise in prices.
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The value of your $10,000 investment in Bitcoin at the beginning of January would have been $17,400. The price is calculated based on the low BTC of $41,700 at start of 2024, and a maximum of $72,700 by mid-April.
Solana has also seen big gains in 2024. After the collapse of FTX trading Ltd., 2023 was a difficult year for this project. The project made a comeback by 2024 thanks to a number of meme coins that were added on the blockchain. The tokens included Bonk You can also find out more about the following: Dogwifhat. The Solana network is struggling to meet the demand for these meme coins. Congestion in April.
SOL is worth more than $24,400 if you invest $10,000 at the start of the year. SOL started the year at $86 but has since risen to $210. The price of SOL has dropped since then and now trades at around $180.
Shiba inu was one of the biggest meme coins by 2024. Project has now expanded beyond just a payment system and memes to include staking, governance and other features. Decentralized Exchange You can also find out more about the following: non-fungible tokens (NFTs). The token’s price may have risen due to the new uses. The meme coin mania, which has lasted for a while, has also helped to boost the price of the token. It is now the second largest meme coin after Dogecoin.
SHIB could be worth up to $34,200 if you invested $10,000 at the start of the year. SHIB began the year at around $0.0000105, and went as high as $0.00036. SHIB’s price is trading at a lower level, around 0.000025.
Crypto has shown the potential for huge profits. As a comparison, if you invested $10,000 in the S&P 500 during the same time period, it would be currently worth $10,883. It will be fascinating to compare the performance of crypto to that of other asset classes in 2024.
Continue Reading:
- Bitcoin to $100,000? On Anthony Pompliano’s podcast, Peter Schiff predicted that the gold market could crash.
- Bitcoin is up another 45% this year. How much money would you require to start today?
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The article below provides a summary of the main points. Bitcoin Vs. Solana vs. Shiba: What Would You Have If You Had Invested $10k At The Beginning Of The Year? Original appeared in Benzinga.com
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