Despite a lackluster performance following the anticipated rise after the introduction of a spot Bitcoin ETF, the cryptocurrency market experienced significant downturns. However, some altcoins continue to show resilience. We examined three altcoins with a potential target of $1,000 in the event of a bullish market.
Binance Coin (BNB), with its incredible surge during the 2021 bull run and status as Binance’s native token, is a leading contender for the $1,000 target. BNB’s key advantage is its association with the major crypto exchange. Despite a recent bull market that pushed BNB above $300, it has struggled to maintain these gains.
At the time of writing, BNB is trading at $296.95, showing a slight 0.46% increase over 24 hours and reversing a 3.99% decline over the past week. Its one-month price movement indicates a 10% rise.
Quant (QNT), ranked 55th by market volume, has shown divergent trends compared to BNB. Despite recent declines, AI algorithms from CoinCodex suggest that upcoming blockchain innovations and interoperability efforts could lead to a notable rise towards the $800 region, potentially paving the way to $1,000.
Bittensor (TAO), a newer entrant, appears to be leveraging the growing impact of artificial intelligence. It facilitates compatibility among machine learning models and offers developers a blockchain-based testing ground with a transparent market. TAO has gained over 11% in daily trading, currently at $295, and its monthly rise of approximately 10% counters the general downtrend since the ETF approval, renewing investor confidence.