Bitcoin to Hit $5 trillion Market Cap by 2024, Crypto Fastest-Growing Asset
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The top 10 investments in 2024 according to projections:
Rank |
Asset |
Asset Class |
4 Year Average Annual Growth Rate% |
Projected Jan. 2022 |
Projected Jan. 2023 |
Projected Jan. 2024 |
1 |
ASML |
Company |
373.68% |
$ 1.1T |
$ 5.0T |
$ 23.7T |
2 |
Gold |
Commodity |
8.27% |
$ 12.8T |
$ 13.9T |
$ 15.0T |
3 |
Tesla |
Company |
115.01% |
$ 1.6T |
$ 3.5T |
$7.6T |
4 |
Apple |
Company |
34.97% |
$ 3.2T |
$ 4.2T |
$ 5.9T |
5 |
Bitcoin |
Crypto |
103.50% |
$ 1.3T |
$ 2.6T |
$ 5.2T |
6 |
Ethereum |
Crypto |
198.19% |
$ 456.8B |
$ 1.4T |
$ 4.1T |
7 |
Microsoft |
Company |
32.00% |
$ 2.3T |
$ 3.1T |
$ 4.0T |
8 |
Amazon |
Company |
26.35% |
$ 2.1T |
$ 2.6T |
$ 3.3T |
9 |
Toyota |
Company |
138.28% |
$ 466.2B |
$ 1.1T |
$ 2.6T |
10 |
Dai |
Crypto |
1040.38% |
$ 18.9B |
$ 215.1B |
$ 2.5T |
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By 2024, three cryptocurrencies are on track to break into the top 10 best performing assets.
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Bitcoin is projected to be the 5th strongest performing asset by 2024 with an estimated market value of over $5 trillion thanks to its 103.5% average annual growth rate. It would surpass long-standing giants including Microsoft, Amazon and Google by over $1 trillion. Bitcoin is currently dipping in and out of the top 10 highest value assets, but in just a few short years it could solidify its place.
-
Ethereum sits just behind with an even higher average annual growth rate of 198%, set to be the 6th strongest asset in 2024. With a projected $5.1 trillion valuation, it would equally outperform the current top dogs like Facebook and silver, and the recent NFT boom can only strengthen its growth.
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The crypto with the third highest projected market cap is Dai, which could have a total value of $2.5 trillion. While it is much less well-known outside of the immediate crypto community, it has soared in value over the past few years with an astounding 1040.38% average growth rate since 2018.
Rank |
Asset |
Asset Class |
Market Cap 31/01/2021 |
Market Cap 29/09/21 |
Growth Jan 2021 – Sept 2021 |
1 |
Solana |
Crypto |
$ 1.2B |
$ 41.2B |
3476% |
2 |
Polygon |
Crypto |
$ 187.9M |
$ 5.6B |
2859% |
3 |
Terra |
Crypto |
$ 695.3M |
$ 14.3B |
1956% |
4 |
Avalanche |
Crypto |
$ 996.5M |
$ 14.5B |
1357% |
5 |
ASML |
Company |
$ 223.4B |
$ 3.1T |
1292% |
6 |
Algorand |
Crypto |
$ 810.0M |
$ 9.7B |
1093% |
7 |
Binance Coin |
Crypto |
$ 6.8B |
$ 63.5B |
827% |
8 |
Binance USD |
Crypto |
$ 1.5B |
$ 13.4B |
801% |
9 |
Ethereum Classic |
Crypto |
$ 868.1M |
$ 6.1B |
600% |
10 |
Dogecoin |
Crypto |
$ 4.0B |
$ 26.6B |
563% |
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Solana has been the strongest performing investment option of 2021 so far, with its market cap growing by 3,476% since January to over $41 billion by the end of September. Many investors are optimistic about Solana thanks to the incredible speed and efficiency of its blockchain technology.
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The second biggest winner of 2021 is Polygon, with the market cap increasing by 2,859% this year, bringing the total value to just over $5.6 billion. Polygon is a platform for development and scaling on the Ethereum blockchain, and can therefore benefit from increased interest in Ethereum, and vice-versa.
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In third place is the cryptocurrency Terra, which has seen its market cap grow by 1,956% in 2021. Terra uses stable coins, pegged to fiat currencies, to carry out cross-border payments efficiently and with low fees.