It is no longer news that various global economic and sociopolitical events, including the armed conflict between Israel and Hamas, have impacted the financial market.
Pseudonymous crypto educator and investor Investor Ben has set yearly price targets for ten crypto assets, including Bitcoin, Shiba Inu, Solana, and Avalanche.
According to data from CoinMarketCap, the global crypto market cap decreased by 3.8% over the past 24 hours, reaching $2.2 trillion. Despite this massive plunge, market watchers have remained optimistic that a major rally is on the horizon. Some have projected that the highly anticipated rally will commence this year and eventually reach its peak by 2025.
In a recent X post, Ben provided a curated list of the top ten cryptocurrencies and their potential targets for 2024. The list includes Bitcoin (BTC), Shiba Inu (SHIB), Dogecoin (DOGE), Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Artificial Superintelligence Alliance (FET), Binance Coin (BNB), Toncoin (TON), and Cortex (CTXC).
For Bitcoin, Investor Ben projects that the premier crypto asset would surge between $80,000 and $100,000 this year. Bitcoin’s potential surge to $80,000 would require the asset to rally by 29.67% from its current price of $61,692. The expert did not set any target for Ethereum, the second-biggest cryptocurrency by market cap.
Hitting the minimum target of $0.05 set by Ben requires SHIB to soar by 338,653% from its current price of $0.00001476. Notably, several crypto analysts have maintained that hitting such a target is highly unlikely, considering SHIB’s massive circulating supply and the time frame set by Investor Ben.
As for Solana, Ben projects that SOL will trade between $600 and $1,000 this year. Furthermore, Ben expects DOGE, AVAX, FET, and BNB to trade within the price range of $0.67 to $1.45, $63, $3.47 to $5, and $1,000 to $1,500, respectively.
In addition, TON is expected to trade between $10 and $26 this year, while the forecasted price of CTXC is set at $0.64 to $1. Meanwhile, Ben did not highlight any factor that could propel these tokens for a jaw-dropping rally.
