The cryptocurrency sector has seen incredible growth over the last few years. The budding asset class has finally…

The cryptocurrency sector has seen incredible growth over the last few years. The budding asset class has finally entered mainstream finance after years of being kept out. The approval of crypto-based ETFs has further enabled investors to enter the crypto market. Global financial institutions, such as BlackRock, have also opened their doors to crypto assets. These recent developments may lead to crypto assets becoming a staple in investor portfolios. Let’s look at three coins that could turn a $1000 investment into $1 million by 2035.

Top 3 Cryptocurrencies That Can Turn $1000 Into $1 Million In 10 Years

1. Ripple (XRP)

Ripple’s XRP token could become a global sensation over the coming years. The popular cryptocurrency faced considerable hardships over the last few years after the SEC sued Ripple for selling unregistered securities. The SEC dropped its litigation against the fintech earlier this year. With the lawsuit out of the way, XRP could be on its way to new heights in the coming years.

There are also a few spot XRP ETF applications with the SEC. There is a high chance that the SEC will approve at least one XRP ETF this year. The financial watchdog has a new pro-crypto candidate as its head. The cryptocurrency sector may face lenient regulations under his leadership.

Ripple’s XRP Ledger has also seen incredible adoption. The developments around the popular cryptocurrency could lead the asset to breach the $2000 mark by 2035, if not more. A $1000 investment could potentially become $1 million in the next 10 years.

2. Dogecoin (DOGE)

DOGE is the original meme cryptocurrency. The coin has seen incredible growth since its launch in December 2013. Early DOGE investors have made millions of dollars in profit. The memecoin will most likely hit never-before-seen price levels over the next 10 years.

DOGE also has a spot ETF application awaiting approval at the SEC. The asset could become the first memecoin to get an ETF. An ETF approval will likely lead to a surge in institutional investment. Institutional money is a key driver for an asset’s price. Bitcoin (BTC) is an excellent example of how an asset’s price can surge after an ETF approval. BTC has hit multiple all-time highs after the SEC approved 11 spot ETFs last year. We may witness a similar pattern for the meme cryptocurrency as well.

There is also a high probability that Elon Musk’s X social media giant will enable DOGE payments for its X Money platform. The move could lead to a surge in the adoption of cryptocurrency.

Both developments could take DOGE’s price beyond the $10 mark. Such a scenario could turn a $1000 investment into $1 million in 10 years.

3. Shiba Inu (SHIB)

SHIB is an extremely popular cryptocurrency project. The asset’s price rallied by many million percent within months of its launch. Early investors made massive gains with minimal investments.

One of the most substantial barriers to SHIB’s price is its massive supply. The project has around 589 trillion tokens in circulation. The SHIB team is working on a new burn mechanism that can reportedly burn trillions of tokens yearly. If the team can drastically reduce the cryptocurrency’s supply, we may witness another 2021-like rally. The asset could delete a few zeros from its price and finally hit the 1-cent dream.

Also Read: Top 3 Cryptocurrencies That May Help You Quit Your Job By 2030

The SHIB team has also launched an operating system earlier this year to help the transition from Web2 to Web3. The ShibOS could see massive adoption over the coming years. An adoption surge will likely lead to a big price rally for the cryptocurrency.

We may see SHIB hit $0.01 by 2035 if things go according to plan. Such a scenario could turn $1000 into $1 million.