Mon 12 Feb 2024 ▪
3
min of reading ▪ by
In 2024, the crypto market remains volatile but promising. Three altcoins stand out for their growth potential and utility: Monero (XMR), THORChain (RUNE), and Maker (MKR). Although still far from behemoths like Bitcoin and Ethereum, they could reach a market capitalization of $10 billion by the end of the year. Let’s take a closer look at their strengths.
Monero, The Benchmark for Crypto Privacy
Monero (XMR) is the leading privacy-focused cryptocurrency. Its decentralized and proven technology makes it a robust project, despite a market capitalization of only $2.18 billion. At present, XMR is trading at $117.7, following a 23% decrease over 30 days.
This decrease follows regulatory pressures and delisting from Binance. Monero is thus going through a tough period, but this could be an opportunity to shine by surviving through increased use and decentralized exchange solutions.
With predictable inflation below 1% per year, Monero could see its crypto value multiply by ten and reach a $10 billion capitalization. This will depend on positive developments within the community and user base. Challenges, such as lack of liquidity, remain.
THORChain Focused on Decentralization
THORChain (RUNE) could become a valuable partner for Monero. This inter-chain protocol focused on interoperability and decentralized exchanges is on the rise. Its native token RUNE is valued at $5.09, with a market capitalization of $1.74 billion.
With the increasing regulatory pressure on centralized platforms, crypto investors are turning to alternatives like THORChain. If this trend continues, RUNE could attract enough capital to reach a $10 billion capitalization, equating to a 475% gain.
The token’s high inflation rate remains a challenge to overcome. However, THORChain could succeed due to its decentralized approach, amidst complex regulatory contexts.
Maker, a Resilient Project
Lastly, Maker (MKR) also shows strong growth potential. This Ethereum protocol allows for the generation of the decentralized stablecoin DAI. The governance token MKR is currently valued at $1,985, with a market capitalization of $1.83 billion.
MKR holds up well against unfavorable conditions in the crypto market, making it a good hedge asset. Reaching $10 billion in market capitalization would represent a gain of over 465%. Thus, Maker could outperform in the event of a bear market.
Monero, THORChain, and Maker have solid arguments in 2024! Technology that’s proven, decentralization, and resilience. They face challenges, but their potential for growth remains significant. Following their development is key to staying informed about the crypto market’s pivotal developments.
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Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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