{"id":17739,"date":"2024-04-11T19:30:08","date_gmt":"2024-04-11T19:30:08","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=17739"},"modified":"2024-04-11T12:06:54","modified_gmt":"2024-04-11T12:06:54","slug":"bitcoin-vs-solana-vs-shiba-inu-what-youd-have-if-you-invested-10000-at-the-beginning-of-2024","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-vs-solana-vs-shiba-inu-what-youd-have-if-you-invested-10000-at-the-beginning-of-2024\/","title":{"rendered":"Bitcoin vs. Solana vs. Shiba Inu: What You&#8217;d Have If You Invested $10,000 At The Beginning Of 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-vs-solana-vs-shiba-inu-what-youd-have-if-you-invested-10000-at-the-beginning-of-2024\/#Bitcoin\" title=\"Bitcoin\">Bitcoin<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-vs-solana-vs-shiba-inu-what-youd-have-if-you-invested-10000-at-the-beginning-of-2024\/#Solana\" title=\"Solana\">Solana<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-vs-solana-vs-shiba-inu-what-youd-have-if-you-invested-10000-at-the-beginning-of-2024\/#Shiba_Inu\" title=\"Shiba Inu\">Shiba Inu<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin\"><\/span>Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin&#8217;s key drivers in 2024 will be the <strong>availability<\/strong> of spot exchange-traded funds (ETFs) in January and market pricing for the approaching halving. The ETFs attracted a large number of new buyers, <strong>making this the most successful ETF launch<\/strong> in history. The halving is expected to reduce the number of tokens sold daily, potentially leading to higher prices.<\/p>\n<p>If you invest $10,000 in <a href=\"https:\/\/coinengineer.net\/blog\/where-will-bitcoin-go-in-5-years\/\">Bitcoin<\/a> on January 1, it would be worth <strong>$17,400<\/strong>. This assumes a low BTC price of $41,700 to begin 2024 and a high of $72,700 in mid-April.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Solana\"><\/span>Solana<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong><a href=\"https:\/\/coinengineer.net\/blog\/cronje-solana-blockchain\/\">Solana<\/a> has also experienced significant growth<\/strong> in 2024. The project had a difficult 2023 with the collapse of FTX Trading Ltd. However, the project has made a <strong>strong comeback<\/strong> in 2024, owing to a slew of new meme coins on the chain that have fuelled demand for SOL. Some of the tokens are <a href=\"https:\/\/coinmarketcap.com\/currencies\/bonk1\/\">Bonk (BONK)<\/a> and <a href=\"https:\/\/coinmarketcap.com\/currencies\/dogwifhat\/\">Dogwifhat (WIF)<\/a>. These meme coins have produced <strong>so much demand<\/strong> on the Solana chain that the network is struggling to keep up, resulting in congestion concerns in April.<\/p>\n<header class=\"caas-header\">\n<div class=\"caas-title-wrapper\">\n<p>A $10,000 investment in SOL at the start of the year would yield <strong>$24,400<\/strong>. SOL began the year at $86 and has risen to $210. However, the price has since decreased and is presently trading at approximately $180.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Shiba_Inu\"><\/span>Shiba Inu<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Finally,<strong> <a href=\"https:\/\/coinengineer.net\/blog\/shiba-inu-nexo-rally\/\">Shiba Inu<\/a> will become one of the most popular meme coins<\/strong> in 2024. Beyond memes and payment, the project currently offers staking, governance, a decentralized exchange, and non-fungible assets. These new use cases may have helped the token attract new users and drive up the price.<\/p>\n<p>If you had invested $10,000 in SHIB at the start of the year, your stake could have been worth up to <strong>$34,200<\/strong>. This is based on SHIB starting the year at roughly $0.0000105 and reaching as high as $0.000036. The price of SHIB is presently trading at about 0.000025.<\/p>\n<p>These increases have surpassed every major index, indicating the possibility of significant profits connected with cryptocurrency. For comparison, a <strong>$10,000 investment in the S&amp;P 500 would now be worth $10,883<\/strong>. So, with plenty of time left in 2024, it will be interesting to watch how cryptocurrency performs in comparison to other asset classes.<\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/header>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Bitcoin&#8217;s key drivers in 2024 will be the availability of spot exchange-traded funds (ETFs) in January and market pricing for the approaching halving. The ETFs attracted a large number of new buyers, making this the most successful ETF launch in history. The halving is expected to reduce the number of tokens sold daily, potentially<\/p>\n","protected":false},"author":6,"featured_media":17740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[1766,4696,1767],"class_list":["post-17739","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","category-news","tag-bitcoin-btc","tag-shiba-inu-shib","tag-solana-sol"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Potential Returns of Investing $10,000 in Bitcoin and Solana - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Invest smartly in cryptocurrency for high potential returns. 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