As 2024, a year marked by exciting movements in the cryptocurrency sector, slowly approaches its final quarter, crypto traders and investors are increasingly turning their attention to potential assets that could yield a relatively high profit.
In fact, there are some crypto assets that could be exactly what they are looking for, potentially increasing their price tenfold in the fourth quarter of 2024 and allowing their holders to turn a $100 investment into $1,000, assuming all related factors continue to trend positively.
#1 Compound Finance (COMP)
Specifically, one of these assets is Compound Finance (COMP), the token of the decentralized finance (DeFi) protocol with a market capitalization of $400 million and a total value locked (TVL) of $2 billion, which crypto market expert Michaël van de Poppe considers promising.
At press time, COMP was trading at a price of $50.40, down 2.28% in the last 24 hours, up 16.36% in the last seven days, and down slightly 1.57% in the last month, according to chart data from August 26.
#2 Flow (FLOW)
Furthermore, Flow (FLOW), the native token of a decentralized blockchain designed for high-speed transactions and a development-friendly environment, is considering the network’s upcoming Crescendo upgrade in September as a possible trigger for its price surge.
Currently, Flow is trading at a price of $0.59715, representing a very modest 1.27% decline on the day. On the week, the stock is up 13.17%, but has accumulated a loss of 11.02% on the monthly chart, according to the latest information retrieved by Finbold.
#3 MultiversX (EGLD)
Finally, MultiversX (EGLD) expects a “bullish outlook” on its price chart, according to a pseudonymous crypto analyst Lluciano_BTC, also known Happywhich had previously observed a massive 24-hour surge and a falling wedge pattern that illustrated diminishing bearish momentum.
Meanwhile, EGLD price was trading at $31.84 at the time of publication, indicating a 2.50% increase on the daily chart and adding up to a 20.25% gain on the weekly timeframe as monthly losses narrowed to 5.74%, according to August 26 data.
Diploma
All in all, the above cryptocurrencies could be a good opportunity to turn an investment of just $100 into $1,000, provided the sentiment around them remains positive and other aspects continue to work in their favor. However, it is important to stay well informed as trends can change.
Disclaimer: The content of this website does not constitute investment advice. Investments are speculative. When you invest, your capital is at risk.
