In 2023, the digital currency witnessed many twists and turns, yet some rare gems emerged with the potential to skyrocket more than 3,000% in 2024. Despite the regulatory crackdown, fueled by the United States Securities and Exchange Commission (SEC) labeling certain digital currencies as investment contracts, many projects continued on the path of building their infrastructures, preparing them for a possible parabolic run when conditions become favorable.
With the market trends indicating a bullish cycle, three coins, namely Cardano (ADA), XRP, and Polygon (MATIC), are all assets under $2 that have the capacity for a mega-rally in the future. Here is an insight into each coin’s trends and why they stand a chance to surge 3,000% in the foreseeable future.
Cardano (ADA) is one of the most sophisticated smart contract networks, but its value has been lower than expected. Presently, its price is at $0.5981, and its market capitalization is $21,198,462,839. Despite this valuation, many consider Cardano undervalued, considering its massive circulating supply of 35,362,302,157 ADA. Nevertheless, Input Output Global (IOG), the startup managing this protocol, is working vigorously to improve the blockchain in all aspects. With new product releases and regular upgrades, Cardano is setting itself up for more mainstream adoption, which can eventually boost its price. If the bull run takes place, Cardano has the potential to soar 3,000% to a high of $15.9.
XRP is the 6th largest cryptocurrency by market capitalization and remains one of the most-watched tokens in the industry today. Judged as undervalued with a $0.619 and a $33,500,851,627 market capitalization, XRP’s time to shine is near. With the regulatory clarity around the coin, institutions and businesses can now adopt it as a payment method, taking advantage of its speed and low cost. Ripple Labs has already begun partnering with firms like Uphold to enable cross-border settlements. As reported by The Crypto Basic, Market analyst EGRAG shared his predictions for XRP targets, emphasizing the significance of achieving these objectives and explaining why reaching the $10+ goal is achievable. If XRP undergoes a 3,000% rally, it will reach $18.57.
Polygon (MATIC) is the most capitalized Ethereum-based Layer-2, with a current market price of $0.953 and a capitalization of $9,137,069,186. Polygon has outperformed its records by onboarding more mainstream firms, like Flipkart, into its ecosystem. It has also launched Polygon CDK, a toolkit which exchanges like OKX are now using to create their own L2 protocols. With Polygon’s aggressive infrastructural investment and the increasing embrace, a parabolic rally could be seen soon. Assuming a 3,000% surge, MATIC would reach $30.
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