Mid-cap cryptocurrencies with solid fundamentals can offer attractive risk-reward ratios in the dynamic crypto world. Crypto expert Vinicius Barbosa has selected three altcoins with the potential to reach $50 billion market cap in 2024.
First ranked altcoin: Chainlink (LINK)
Chainlink (LINK), in particular, has great upside potential as the leading Oracle. The altcoin project is at the forefront with a market value of $ 11.77 billion. With the growth of real-world assets in decentralized finance (DeFi), Oracle solutions will play a significant role in the industry.
Financial giant BlackRock Inc. He has already stated that tokenization has great value for the market. Therefore, data Oracles that can process off-chain information from the on-chain domain can benefit from this perception of value. Reaching a market cap of $50 billion would impact its price, resulting in a capitalization gain of approximately 324%. However, the Chainlink token has massive supply inflation of over 15% annually. This feature will reduce the appreciation effects on LINK’s unit price.
Telegram’s cryptocurrency network Toncoin (TON) is also on the list
Meanwhile, Toncoin (TON) is a good demonstration of the increasing participation of off-chain companies in the crypto landscape. This layer-1 Blockchain was created in partnership with Telegram, one of the world’s leading messaging applications. TON, Open Network’s native token, is currently valued at $7.36 billion. Additionally, TON is trading at a unit price of $2.23.
According to CoinCodex, reaching a market cap of $50 billion would represent an increase in value of approximately 579%. However, investment results will also be slowed by a staggering 183% annual inflation. Essentially, a supply increase will also increase the market value of TON even if the price remains the same.
Last ranked altcoin: Bitcoin Cash (BCH)
Finally, Bitcoin Cash has the potential to rise to a market cap of $50 billion. The altcoin project currently has a market value of $5.29 billion. This cryptocurrency rose from a blockchain split involving the Bitcoin network in 2017. There were two different products with both BCH and BTC. BCH has lost the market war with a current capitalization 200 times lower than BTC. Charles Hoskinson recently explained how centralized players can use capital to influence the selection of a cryptocurrency winner.
However, Bitcoin Cash’s ecosystem continues to grow and innovate, as well as being a more efficient medium of exchange than Bitcoin Core. Reaching a market cap of $50 billion would represent a gain of approximately 845% at current prices. This is supported by Bitcoin Cash’s low and predictable supply inflation of less than 1.75% per year. Additionally, this supply inflation will halve in 2024, just like BTC.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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