Certain cryptocurrencies, despite their smaller market capitalization, present potential for substantial investment returns in the dynamic digital currency environment. A recent analysis by Finbold spotlights three such crypto assets that have the promise to surpass a $1 billion valuation by the year 2024. These contenders are often overlooked due to their absence from the list of top 100 cryptocurrencies.
Radix (XRD) Aspires for Billion-Dollar Club
Radix (XRD), a layer-1 blockchain tailored for decentralized finance, is the first crypto under scrutiny. At present, XRD boasts a $407.12 million market cap and is trading at $0.03839. Should Radix achieve the anticipated $1 billion cap by 2024, its valuation could climb by 145%, significantly impacting its trading price. XRD’s annual supply inflation is around 2.5%, a factor that might contribute to its price escalation.
Compared to its market rivals, Radix maintains a modest supply inflation rate. For example, Solana (SOL), with a billion-dollar market cap, experiences an inflation rate of 17% per year. Furthermore, Radix’s network is expected to handle nearly 31,000 transactions per second on its decentralized exchanges after an impending update, as per founder Dan Hughes.
Nano (XNO) Anticipates a Price Surge
Nano (XNO), another cryptocurrency vying for market success, operates as a layer-1 peer-to-peer network dedicated to streamlined digital currency exchanges. Currently, XNO is priced at $1.11, with a market cap of $148.43 million. A potential rise to the $1 billion mark by 2024 would propel its value by a whopping 574%.
Nano completed the distribution of all its tokens by 2017, ensuring no additional coins dilute the current supply. Its inflation-free nature allows the Nano network to prioritize simplicity and user experience, also boasting zero transaction fees. These strategic advantages may well steer XNO towards the coveted $1 billion valuation.