As the year 2024, marked by exciting events in the cryptocurrency sector, slowly approaches its final quarter, crypto traders and investors are increasingly looking at its potential assets that can bring relatively significant profits.
Indeed, there are a few crypto assets that could be just what they are looking for, and perhaps their price will increase 10x in Q4 2024, allowing their holders to turn a $100 investment into $1,000, provided all the factors continue to play out positively.
#1 Comprehensive Financing (COMP)
One such asset in particular is Compound Finance (COMP), a decentralized finance (DeFi) lending protocol token with a market cap of $400 million and a total value locked (TVL) of $2 billion, which cryptocurrency market expert Michael van de Poppe sees as promising.
At the time of publication, COMP’s price was $50.40, indicating a drop of 2.28% over the past 24 hours, a gain of 16.36% over the previous seven days, and a slight decline of 1.57% over the past month, according to chart data on August 26.
#2 Flow
Additionally, Flow (FLOW), a native decentralized blockchain token designed for high-speed transactions and a user-friendly environment, is eyeing the upcoming Crescendo network upgrade in September as a potential trigger for its price increase.
#3 MultiversX (EGLD)
Finally, according to a pseudonymous crypto analyst, MultiversX (EGLD) is expecting a “bullish outlook” on its price chart. Lluciano_BTC, the same Luckywhich previously saw its powerful 24-hour surge and falling wedge pattern illustrating the decline in bearish momentum.
Meanwhile, EGLD’s price was $31.84 at press time, implying a 2.50% gain on the daily chart, which translates to a 20.25% gain on the week as it pares its monthly losses to 5.74%, according to data as of August 26.
Conclusion
All things considered, the above cryptocurrencies could be a good opportunity to turn a $100 investment into $1,000, provided the sentiment around them remains positive and other aspects continue to be in their favor. However, doing your own research is crucial, as trends can change.
Disclaimer: The content of this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
