With Bitcoin’s next halving event months away, the market is poised to reach new highs. At the same time, the altcoin market is predicted to experience a massive price inflow as the Bitcoin price is now considered too high for a new generation of investors to start investing. Crypto expert Sohrab Khawas shared the list of the best altcoins under $1 that have the potential to post major price jumps in the coming year. MATIC, XRP, DOGE are also included in the list.
7 tokens with high potential: MATIC, ADA, XRP and others…
Ripple (XRP)
Ripple’s XRP token is primarily used for cross-border transactions and is claimed to have one of the lowest gas fees. It works on a unique mechanism with trusted validators deciding which transaction will be considered for next transaction. XRP price has a Maximum supply of 100 Billion tokens and a circulating supply of 54 Billion tokens. With a market value of $33.51 Billion, XRP ranks sixth on the list of largest cryptos. XRP has an ATH of $3.84. It’s currently trading at a discount of over 83%. However, XRP price has highlighted an increasing bullish sentiment. Analysts predict that the XRP price will exceed $1 in 2024. This makes it a potential candidate for the upcoming rally.
Cardano (ADA)
ADA is working on a unique Proof-of-stake Blockchain called Ouroboros. It was also designed as a more efficient alternative to the proof-of-work mechanism. ADA’s circulating supply is 35.34 billion tokens. Moreover, its maximum supply is 45 billion tokens. ADA tokens reached an all-time high (ATH) of $3.10 during the previous rally. It currently ranks eighth on the market list. This year, the price of ADA has added over 140% to its value. Thus, it exhibited a large price movement. Moreover, the token successfully broke through the key resistance level. Analysts expect it to test the next major resistance level at $1.15 next year.
Polygon (MATIC)
Polygon’s native token, MATIC, operates on a Proof-of-Stake (PoS) consensus mechanism. MATIC token is used for all transactions on the plasma Blockchain. The more projects use Polygon as a base, the higher the price of MATIC tokens. It has a maximum supply of 10 billion tokens. There are currently 9.55 billion tokens in circulation, accounting for 95.55% of the supply. MATIC ranks twelfth in the crypto space with a market cap of $10 billion. The token is trading at a 73.25% discount from its ATH of $2.92 recorded during the previous bull cycle. MATIC had a neutral year as the price added less than 5% YTD. However, it has strong fundamentals. One of the most unique projects in Blockchain technology today. Analysts expect MATIC price to test the $1.5 level soon. This makes it a potential 1.5x token.
Kaspa (KAS)
Introduced to the crypto world in 2021, Kaspa uses the Proof-of-Work (PoW) mechanism. Additionally, it works on GHOSTDAG protocol. This new protocol aims to solve the block between Decentralization, security and scalability. Its total supply is just over 22 billion, with a maximum supply of 27 billion. KAS has a market value of $2.47 Billion. It ranks 36th in the list of largest cryptos. Additionally, the token recorded an ATH of $0.154. It’s currently trading at a discount of just over 25%. KAS has outperformed Bitcoin and other top cryptocurrencies, adding over 2,000% to its portfolio this year alone. Moreover, the growing interest from investors highlights the potential for this token to record 10x returns in the upcoming bull cycle.
Dogecoin (DOGE)
Dogecoin works uniquely by using a distributed and secure digital ledger that stores all transactions made on its network. The sensational meme-coin has a 100 percent supply circulation of 142.32 billion tokens. With a market capitalization of $13.16 Billion, Dogecoin ranks tenth on the leaderboard of the best cryptocurrencies by market cap. DOGE price has an ATH of $0.7376. It is currently trading at a discount of over 87%. The category leader has seen a 31% jump in value this year. This caused the price to attract significant attention in the market. The meme coin community is growing stronger day by day. This shows a 3X probability of the meme token retesting its previous ATH.
Stellar Lumens (XLM)
Stellar is another token that supports cross-border payments. It helps its users trade assets through the Stellar Consensus Protocol. XLM has a maximum supply of 50 billion. Currently, 28.22 billion tokens are in circulation, accounting for 56% of the supply. XLM ranks 24th in the list of top cryptocurrencies with a market cap of $3.48 Billion. XLM price has regained the $0.1 level, increasing by over 73% this year. Additionally, the project is expected to undergo some significant and major upgrades in the coming year, making this project a hot pick for the upcoming rally.
Cronos (CRO)
CRO, the Cronos native token, is an ERC-20 token created and hosted on the Ethereum network. It is primarily used to pay for transactions, fees, and various products collaborated with Crypto.com. Crypto.com, currently known as Cronos (CRO), has a circulating supply of 25.26 billion, accounting for 83.48% of the Maximum supply of 30,263 tokens. CRO’s all-time high is $0.9698. The token is currently trading at a discount of approximately 90%. Additionally, CRO has added more than 76% to its purse this year. Thus, it has become one of the best performing tokens in its category. Moreover, the increased adoption highlights the industry’s potential to reach an all-time high in the coming period.
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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