Cryptocurrencies priced in cents set to reach $1 in 2024

Andreja Stojanovic
CRYPTOCURRENCY
Jan 22, 2024

The foundational story of cryptocurrencies is one of democratizing money and preventing major institutional abuses such as those that caused the crash of 2008. It also represents the ambition to provide greater efficacy and anonymity to the world’s financial system.
It has also, through the crypto market, become a popular and lucrative investment avenue and, along its idealistic foundation. The fact that part of its appeal comes from the fact that these assets have a demonstrated ability to rise millions of percents within relatively short timeframes simply cannot be ignored.
Looking at the world’s first and foremost cryptocurrency – Bitcoin (BTC) – and its price history, this ability and the appeal it offers becomes self-evident. In fact, a person who invested just $1 in Bitcoin in 2010 – a time when it was worth between around $0.0008 and $0.08 – would, by press time, have approximately $500 million.