Mid-cap crypto assets with strong fundamentals are dynamic crypto- may offer attractive risk-return potential in the market. In this news, three assets that can reach a market value of $ 50 billion by 2024 will be examined.
While creating this list, the basic features of the projects such as decentralized structure, security, practical use and their competitiveness against major cryptocurrencies were evaluated.
Chainlink (LINK) May Reach $50 Billion Market Value
Especially Chainlink (LINK) is a cryptocurrency with huge upside potential, as a leading Oracle (data source) with a market cap of $11.77 billion. With the increasing adoption of real-world assets in decentralized finance (DeFi), Oracle solutions may play an increasingly important role in the industry.
Financial giant BlackRock Inc. (NYSE:BLK) has already stated that tokenization has significant value in the market. Therefore, data Oracles that can process off-chain information on-chain can benefit from this perception of value.
Reaching a market cap of $50 billion will lead to a capitalization increase of approximately 324% in Chainlink’s price, impacting the price. However, the Chainlink token is known for its massive supply inflation of over 15% annually. This feature will reduce the effects of capitalization increase on LINK’s combined price.
Toncoin (TON)
toncoin (TON) is a successful example of the increasing participation of off-chain companies in the crypto world. This layer-1 blockchain was created in collaboration with Telegram, one of the world’s leading messaging applications.
TON, Open Network’s native token, currently has a market cap of $7.36 billion and a unit price of $2.23.
According to CoinCodex, reaching a market cap of $50 billion would result in a capitalization gain of approximately 579%, and investment results would also be slowed by a staggering 183% annual inflation.
In fact, it is worth noting that a supply increase would also increase the market value of TON even if the price remained the same.
Bitcoin Cash (BCH)
Finally, BitcoinCash (BCH) could reach a projected market cap of $50 billion, up from its current valuation of $5.29 billion. This cryptocurrency rose from a blockchain split involving the Bitcoin network in 2017, resulting in both BCH and BTC.
However, BCH remains 200 times lower than BTC in terms of current capitalization, indicating a decline in market competition. Charles Hoskinson recently explained how centralized actors can use capital to influence the success of a cryptocurrency.
However, Bitcoin Cash’s ecosystem continues to grow and innovate, as well as being a more efficient medium of exchange than Bitcoin Core.
Koinfinans.com As we reported, reaching a market value of $50 billion will provide a gain of approximately 845% from current prices. This is supported by Bitcoin Cash’s low and predictable supply inflation of less than 1.75% annually. Additionally, this supply inflation will halve like BTC in 2024.
However, if these cryptocurrencies cannot achieve meaningful adoption and usage, they may not realize the envisioned scenario.
Considering all these factors, investors should always conduct proper risk management and research when investing in the cryptocurrency market.
