The cryptocurrency sector has grown incredible over the last few years. The budding asset class has finally joined mainstream finances after being locked out for many years. The approval of crypto-based ETFs has enabled investors to enter the crypto market. Global financial institutions such as BlackRock have also opened the door to cryptocurrency. These recent developments could lead to cryptocurrencies becoming a staple in investor portfolio. Let’s take a look at three coins that could turn a $1,000 investment into $1 million by 2035.
Top 3 cryptocurrencies that can be converted to $1,000 in 10 years to $1 million
1. Ripple (XRP)
Ripple’s XRP tokens could become a global sensation in the coming years. The popular cryptocurrency has faced considerable challenges over the past few years after the SEC sued Ripple for selling unregistered securities. The SEC dropped its lawsuit against FinTech earlier this year. To keep the lawsuit out of the way, XRP could be heading for new heights over the next few years.
Also, SEC has several spot XRP ETF applications. It is likely that the SEC will approve at least one XRP ETF this year. Financial Watchdog has a new procrypt candidate as head. The cryptocurrency sector could face generous regulation under his leadership.
We’ve also seen the incredible adoption of Ripple’s XRP ledger. Developments surrounding popular cryptocurrency will allow assets to break the $2,000 mark by 2035. A $1,000 investment could be $1 million over the next decade.
2. Dog coin (doge)
Doge is the original Meme Cryptocurrency. Coin has grown incredible since its launch in December 2013. Early Doge investors made millions of dollars in profits. Memecoin is likely to hit a price level that has never been seen before in the next decade.
Doge also has a Spot ETF application waiting for approval in the SEC. The asset could be the first memo coin to acquire an ETF. ETF approvals could lead to a surge in facility investment. Institutional money is an important driver of the price of assets. Bitcoin (BTC) is a great example of how the price of an asset will skyrocket after the approval of an ETF. BTC hit multiple all-time highs after the SEC approved 11 SPOTETFs last year. You may see a similar pattern for meme cryptocurrencies.
It is also likely that Elon Musk’s X social media giant will allow Doge payments on the X Money platform. The move could lead to a surge in cryptocurrency adoption.
With both developments, Doge could potentially cost more than $10. Such a scenario could turn a $1,000 investment into $1 million over a decade.
3. Shibuya inu (shib)
SHIB is a very popular cryptocurrency project. Asset prices rose millions of percent within months of launch. Early investors benefited significantly from minimal investments.
One of the most important barriers to Shiv’s price is its large supply. The project has around 589 trillion tokens distributed. The SHIB team is working on a new burn mechanism that can burn hundreds of millions of tokens each year. If teams can significantly reduce their cryptocurrency supply, they may witness a rally like 2021. The asset can remove some zeros from the price and ultimately bump into a cent dream.
The SHIB team launched the operating system earlier this year to help them move from Web2 to Web3. Shibos has been able to see a massive adoption in the coming years. A surge in adoption could lead to a big price rally for cryptocurrency.
By 2035, Shiv had reached $0.01 as things move along according to the plan. Such a scenario could turn into $1,000 to $1 million.
