Low Market-Cap Cryptocurrencies with $1 Billion Potential by 2024
In the competitive and ever-changing crypto landscape, some low market-cap cryptocurrencies offer appealing risk-reward potential. Here, we highlight three assets that could potentially reach a market value of $1 billion by 2024.
These projects often go unnoticed as they are not featured among the top 100 ranks. However, it’s important to note that low market-cap cryptocurrencies face different risks, such as lower liquidity and underdeveloped ecosystems.
We have selected these projects based on fundamental aspects including decentralization, security, utility, and competitive advantages against higher capitalized coins.
Radix (XRD) to Reach $1 Billion Market Cap
Radix (XRD) is a layer-1 blockchain infrastructure for decentralized finance (DeFi). Currently, its native token has a market capitalization of $407.12 million and trades at $0.039 per token.
If Radix reaches a $1 billion market cap in 2024, its value will increase by 145%, impacting the price accordingly. Despite having a yearly supply inflation of around 2.5%, this is relatively low compared to its competitors like Solana (SOL) with an estimated yearly inflation of 17%.
Recent tests by Radix creator Dan Hughes indicate that the network will be capable of performing approximately 31,000 swaps per second in decentralized exchanges (DEX) after its next update.
Furthermore, Radix uses an asset-oriented token creation model that provides users with more security against crypto wallet drains, which have been known to affect platforms like Ethereum (ETH), Avalanche (AVAX), and BNB Chain (BNB).
All in all, Radix’s fundamental aspects position XRD as a strong competitor with the potential to surpass the $1 billion market cap.
Nano (XNO) Could Skyrocket in 2024
Nano (XNO) is a layer-1 peer-to-peer money network designed for efficient value transfers. Currently, it trades at $1.11 with a market capitalization of $148.43 million.
If Nano reaches a $1 billion market cap in 2024, its value will increase by 574%, impacting the price accordingly. Unlike other cryptocurrencies, all units of XNO were fully distributed by 2017 and have been circulating without dilution since then.
Nano’s protocol focuses on simplicity, efficiency, and user experience. It offers zero transaction fees, benefiting users and development implementations. Additionally, Nano transactions are completely irreversible within half a second on average.
These properties align with Robert Kiyosaki’s reasons for investing in Bitcoin (BTC) as an alternative to Gold and Elon Musk’s AI Grok’s endorsement of XNO as the most suitable cryptocurrency for payments on X.
With its efficient transactions, decentralization, and security, Nano has the potential to reach a $1 billion market cap in 2024. However, it’s important to note that the cryptocurrency market is still experimental and uncertain.
Investors must conduct their due diligence and exercise caution while implementing proper risk management strategies, especially when investing in low market-cap cryptocurrencies.
Hot Take: Potential for Growth but Uncertain Future
While low market-cap cryptocurrencies like Radix (XRD) and Nano (XNO) show potential for reaching a $1 billion market cap by 2024, their future remains uncertain. These projects offer competitive advantages such as decentralization, security, and efficient transactions, but they require a significant increase in demand to meet these expectations.
Investors should approach these investments with caution, conducting thorough research and implementing proper risk management strategies. The cryptocurrency market is still evolving and carries inherent risks. While the potential for growth exists, nothing is guaranteed.
By
By
By
By
By