Some cryptocurrencies with low market value can offer an attractive risk-reward potential in the highly competitive and constantly changing crypto world. In this article, Finbold has selected three assets that could reach a market value of 1 billion dollars by 2024. These projects can sometimes go unnoticed as they may not always be among the top 100.
However, it is important to understand that cryptocurrencies with lower market values face different risks compared to the larger ones, such as lower liquidity or less developed ecosystems.
Will Radix (XRD) Reach 1 Billion Dollars?
The first cryptocurrency to be examined is Radix (XRD), described as a layer-1 blockchain providing infrastructure services for decentralized finance (DeFi). As of the time of writing, its native token XRD has a market cap of 407.12 million dollars and continues to trade at a level of 0.03839 dollars.
If Radix potentially reaches a market cap of 1 billion dollars by 2024, its value could see an increase of 145%, which would have a noticeable impact on its price. Additionally, looking at XRD’s annual supply inflation, it is approximately 2.5%, which could also affect the price increase to some extent.
On the other hand, Radix’s supply inflation is noticeably low compared to its competitors. If we examine Solana (SOL), which has a market cap in the billions of dollars, it has an estimated annual inflation rate of 17%.
According to a statement by Radix’s founder Dan Hughes, after recent tests, the network will be able to handle approximately 31,000 transactions per second on decentralized exchanges (DEX) following the upcoming update.
In conclusion, these potential events in Radix could position XRD as a strong competitor with a fair market value above 1 billion dollars.
Nano (XNO) Price Could Rise
Another altcoin that stands out in terms of competition and is below the 1 billion dollar market cap level is Nano (XNO). Nano positions itself as a layer-1 peer-to-peer network with the mission of facilitating efficient cryptocurrency transfers.
As of the time of writing, XNO was trading at 1.11 dollars with a capital of 148.43 million dollars. If Nano potentially reaches a market cap of 1 billion dollars by 2024, its value could soar by 574%, resulting in an incredible change in price.
In fact, the distribution of all cryptocurrencies in XNO was completed by 2017. Following the complete distribution by 2017, it continues to exist without any dilution.
With no inflation in the altcoin, Nano’s protocol can more easily focus on simplicity, efficiency, and a good user experience. On the other hand, the network’s transaction fee is also zero.
