-
1
Despite recent market volatility, some digital assets have significant short-term growth potential. Despite the stagnation in the overall crypto market, certain altcoin ’s are showing remarkable potential by showing resilience. Backed by solid fundamentals, growing community interest, and other positive factors, these cryptocurrencies have the potential to experience a major upside if the optimistic momentum continues. Finbold has identified two assets that are likely to attract significant capital inflows by the end of 2024. According to Finbold, these assets appear to be very close to reaching a market cap of $1 billion. -
2
Fantom (FTM) is currently trading at $0.3417 and has a market cap of around $958 million. Despite a tough Q2, Fantom’s YoY growth remains strong, with its market cap 94% higher than Q2 2023. This decline is largely attributed to the general decline in the cryptocurrency market and the rebranding of the Fantom Foundation as Sonic Labs. However, recent strategic initiatives such as the Ecosystem Vault and Gas Monetization program could revive growth as on-chain activity increases. The significant reduction in Fantom’s fee burn rate (from 30% to 5%) and the reallocation of these funds are expected to stimulate more network activity, increasing revenue and token demand. Furthermore, the recovery in on-chain activity towards the end of Q2 is considered a positive sign, as the decline in active addresses and transactions reversed. If these positive trends continue, Fantom has a good chance of surpassing the $1 billion market cap by the end of 2024. -
3
Helium (HNT) is currently trading at $5.99 and has a market cap of close to $970 million. Helium’s pioneering role in the decentralized physical infrastructure network (DePIN) space has seen significant growth in recent times, primarily driven by partnerships with traditional operators and an expanding physical infrastructure that includes close to 16,000 hotspots. Helium’s adoption has been rapidly increasing, with over 108,000 subscribers on its unlimited plan. This growing user base, strong customer loyalty, and new revenue streams from mobile carrier partnerships are driving Helium’s continued upward momentum. If this momentum continues, Helium is likely to cross the $1 billion market cap threshold by the end of 2024. -
4
As a result, Fantom and Helium are promising candidates to reach $1 billion market cap by the end of 2024. Fantom’s recovery in on-chain activity and strategic initiatives, along with Helium’s subscriber growth and infrastructure expansion, increase the potential for these digital assets to benefit from emerging opportunities. Additionally, investors should conduct their own research and exercise caution before making any investment.