The cryptocurrency market is undergoing a correction, likely fueled by better-than-expected US employment data. Moreover, the US FOMC (Federal Open Market Committee) meeting is scheduled for June 12, 2024. Traders likely expect a hawkish stance from the Federal Reserve. The Fed may push back its date for an interest rate cut.
Nonetheless, low prices present an opportunity for new investors to make their entry into crypto. Let’s look at three crypto assets that could bring generational wealth.
Top 3 cryptocurrencies that could bring generational wealth
Bitcoin (BTC):
Bitcoin (BTC) is the original crypto and is among the best-performing assets of the last decade-and-a-half. Since its launch in 2009, BTC’s price has surged by nearly 7,486,777,677.78 % (7.4 billion percent). Investors who purchased or mined BTC in 2009 have made millions of dollars in profit, if not billions.
Despite its price spike, many analysts anticipate BTC to breach the $1 million mark eventually. If BTC hits $1 million, it would translate to a growth of about 1384.1%.
Ethereum (ETH)
Ethereum (ETH) is the second-largest cryptocurrency by market cap. ETH is also one of the most utilized networks for blockchain-based projects. Moreover, ETH has a lot of room for growth, when compared to BTC. If ETH hits BTC’s price levels, it would translate to a growth of about 1883%.
Additionally, the US SEC (Securities and Exchange Commission) recently approved ETH ETFs (Exchange Traded Funds), which could potentially lead to a massive price spike.
Solana (SOL):
Solana (SOL) is another popular cryptocurrency that has a lot of potential for explosive growth. The asset made a monumental comeback after the FTX collapse in November 2022. Furthermore, there are rumors that the SEC may approve a SPOL ETF in the near future. If an SOL ETF is approved, the asset’s price could breach the 4-digit mark.
Link: https://watcher.guru/news/cryptocurrency-top-3-coins-that-can-bring-generational-wealth?utm_source=pocket_shared
Source: https://watcher.guru
