Crypto:
30336
Bitcoin:
$65.000
% 0.09
BTC Dominance:
%54.2
% 0.09
Market Cap:
$2.37 T
% 0.16
Fear & Greed:
60 / 100
Bitcoin:
$ 65.000
BTC Dominance:
% 54.2
Market Cap:
$2.37 T

Bitcoin vs. Solana vs. Shiba Inu: What You’d Have If You Invested $10,000 At The Beginning Of 2024

Invest, Investing Cryptocurrencies

Table of Contents

Bitcoin

Bitcoin’s key drivers in 2024 will be the availability of spot exchange-traded funds (ETFs) in January and market pricing for the approaching halving. The ETFs attracted a large number of new buyers, making this the most successful ETF launch in history. The halving is expected to reduce the number of tokens sold daily, potentially leading to higher prices.

If you invest $10,000 in Bitcoin on January 1, it would be worth $17,400. This assumes a low BTC price of $41,700 to begin 2024 and a high of $72,700 in mid-April.

Solana

Solana has also experienced significant growth in 2024. The project had a difficult 2023 with the collapse of FTX Trading Ltd. However, the project has made a strong comeback in 2024, owing to a slew of new meme coins on the chain that have fuelled demand for SOL. Some of the tokens are Bonk (BONK) and Dogwifhat (WIF). These meme coins have produced so much demand on the Solana chain that the network is struggling to keep up, resulting in congestion concerns in April.

A $10,000 investment in SOL at the start of the year would yield $24,400. SOL began the year at $86 and has risen to $210. However, the price has since decreased and is presently trading at approximately $180.

Shiba Inu

Finally, Shiba Inu will become one of the most popular meme coins in 2024. Beyond memes and payment, the project currently offers staking, governance, a decentralized exchange, and non-fungible assets. These new use cases may have helped the token attract new users and drive up the price.

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If you had invested $10,000 in SHIB at the start of the year, your stake could have been worth up to $34,200. This is based on SHIB starting the year at roughly $0.0000105 and reaching as high as $0.000036. The price of SHIB is presently trading at about 0.000025.

These increases have surpassed every major index, indicating the possibility of significant profits connected with cryptocurrency. For comparison, a $10,000 investment in the S&P 500 would now be worth $10,883. So, with plenty of time left in 2024, it will be interesting to watch how cryptocurrency performs in comparison to other asset classes.

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