Despite the short-term correction in the cryptocurrency market, some altcoins are showing "green" signals, hinting at an upcoming rally.

The year 2023 proved to be quite positive for certain altcoins. Three cryptocurrencies under discussion either surpassed the $100 barrier or came close to it. Let's explore whether Solana (SOL), Injective (INJ), and Avalanche (AVAX) can reach the three-digit mark.

Three cryptocurrencies that could grow to $100 in 2024

Injective

Although the native token of the Injective blockchain recently hit another all-time high, it may bring investors more pleasant surprises. Following a significant event related to governance empowerment over the weekend, #INJ will no longer suffer from an increase in circulating supply, and continuous burning will lead to a shortage of the asset.

Furthermore, the staking rewards for #Injective continue to increase, helping alleviate selling pressure, and the growing interest in the ecosystem is constantly fueled by airdrops, causing significant FOMO among crypto market participants.

Solana

In December 2023, the #SOL price reached a local high of $121. The rally was associated with airdrops of various projects and the launch of numerous meme coins on Solana.

Although the current price has dropped to $86, there is still a real chance for it to reclaim the $100 mark. This potential is driven by a combination of Solana's technological achievements, increased demand for dApps, and a growing community of developers contributing to the ecosystem.

Renewed demand and ongoing updates aimed at resolving past network issues could also push SOL towards growth.

Avalanche

Recent events around Avalanche, including strategic partnerships and collaborations, have significantly strengthened the project's reputation. For instance, the platform partnered with Alibaba Cloud to create a metaverse based on Cloudbase and collaborated with Amazon Web Services (AWS).

Simultaneously, the #Avalanche Foundation expanded the scope of its Culture Catalyst initiative, including funding for meme coin purchases. Initially focused on acquiring NFTs, the $100 million investment fund now plans to allocate some funds for meme coin acquisitions.

The expansion of the ecosystem and the integration of new tools may propel #AVAX towards the $100 milestone. If this happens, the token will closely approach its historical high of $134.

Source: BeInCrypto

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