In 2024, the crypto market remains volatile but promising. Three altcoins stand out for their growth potential and utility. Namely Monero (XMR), THORChain (RUNE) and Maker (MKR). Although still far from behemoths like Bitcoin and Ethereum, they could reach a market capitalization of $10 billion by the end of the year. Let’s take a closer look at their strengths.
Monero, the benchmark for privacy crypto
Monero (XMR) is the leading privacy-focused crypto. Its decentralized and proven technology makes it a robust project, despite a capitalization of only $2.18 billion. Currently, XMR is trading at $117.7, following a 23% 30-day decline.
This decline follows regulatory pressures and the delisting of Binance. So Monero is going through a tough time, but this could be an opportunity to shine by surviving through increased usage and decentralized exchange solutions.
With predictable inflation of less than 1% per year, Monero could see its crypto value increase tenfold and reach 10 billion in capitalization. This will depend on positive developments within the community and user base. Challenges remain, such as lack of liquidity.
THORChain focuses on decentralization
THORChain (RUNE) could become a valuable ally for Monero. This cross-chain protocol focused on interoperability and decentralized exchanges is on the rise. Its native token RUNE is worth $5.09, for one capitalization of $1.74 billion.
With increasing regulatory pressure on centralized platforms, crypto investors are turning to alternatives like THORChain. If this trend continues, RUNE could attract enough capital to reach 10 billion in capitalization, a gain of 475%.
The high inflation of the token remains a challenge to overcome. But THORChain could stand out thanks to its decentralized approach, in a complex regulatory context.
Maker, a resilient project
Finally, Maker (MKR) also presents strong growth potential. This Ethereum protocol allows you to generate the decentralized stablecoin DAI. The MKR governance token is currently worth $1.985, for a capitalization of $1.83 billion.
MKR is resilient to adverse conditions in the crypto market, making it a good hedging asset. Reaching 10 billion in capitalization would represent a gain of more than 465%. Maker could therefore outperform in the event of a bear market.
Monero, THORChain and Maker have solid arguments in 2024! Proven technology, decentralization and resilience. They face challenges, but their growth potential remains significant. Tracking their progress allows you to stay informed of key developments in the crypto market.
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