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Cryptocurrencies set to reach $1,000 in 2024

Cryptocurrencies set to reach $1,000 in 2024

Despite the recently hyped-up approval of the first spot Bitcoin (BTC) exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC), many assets in the cryptocurrency market are still going through a slower phase.

However, several crypto projects are showing promise in reaching high price targets in 2024. With this in mind, Finbold has identified three such assets that could experience a surge to around $1,000 in 2024 or, at least, get closer to this price level than other digital assets. 

Binance Coin (BNB)

Indeed, no other asset in the crypto sector has more chance of reaching $1,000 in 2024 than Binance Coin (BNB), particularly as the native token of the renowned crypto exchange has been accumulating gains in the past weeks, thanks to Binance welcoming multiple improvements to its ecosystem.

At press time, BNB was changing hands at the price of $296.95, recording an increase of 0.46% in the last 24 hours as it moves to reverse the 3.99% drop from across the previous seven days and add up to the 12.46% advance accumulated over the past month.

Binance Coin 30-day price chart. Source: Finbold

Quant (QNT)

Meanwhile, Quant (QNT) may be moving in the opposite direction from BNB in recent weeks, but the artificial intelligence (AI) algorithms over at CoinCodex predict a successful year peaking in the $800 area, thanks to the team’s efforts on developing interoperability between different blockchain networks.

As things stand, Quant is presently trading at $108.84, which indicates an increase of 6.82% on the day as it tries to turn around the 7.74% loss from the past week and the negative change of 18.36% during the last month, as per the recent data retrieved by Finbold.

Quant 30-day price chart. Source: Finbold

Bittensor (TAO)

Profiting from the still high AI hype, a relatively new crypto asset, Bittensor (TAO), promises to provide a blockchain-based testing ground for machine learning models to train collaboratively and earn rewards for their developers, as well as creating a secure and transparent market for AI.

Over the past day, Bittensor has advanced over 20%, in addition to gaining more than 11% on its weekly chart and increasing its price by nearly 15% across the previous month, currently trading at the price of $305.11, according to the most recent information on January 24.

Bittensor (TAO) price chart. Source: CoinMarketCap

Conclusion

All things considered, the above crypto assets have a strong chance of hitting or getting close to the $1,000 price target. However, predicting the future price in this sector is a difficult task due to its volatile nature, which is why carrying out one’s own research and weighing the risks is essential.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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