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5 min read · May 17, 2024
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The crypto market is rapidly evolving, and the bull run of 2024 has been stirring excitement among crypto investors. Investors seeking substantial profits often look for low-priced cryptocurrencies, as these offer greater potential for appreciation compared to their higher-priced counterparts. These affordable coins have the potential to significantly increase in value, making them attractive options for those looking to invest in the crypto market.
In this article, we will explore the top 5 best cryptos with the potential for 10–100x growth based on their innovation, transparency, market demand, alliances, market sentiment, competitive advantage, and hype. By understanding the potential of these cryptocurrencies, investors can make informed decisions and potentially achieve significant profits in the coming years.
1. PEPE ($PEPE)
PEPE Price: $0.000009973
PEPE Market Cap: $4.2 billion
Pepe deserves a first spot on our top list. Pepe is a deflationary memecoin that has emerged as a top crypto gainer in the past 30 days, quickly making its place in the top 50 cryptos by market capitalization. It is also a strong candidate to be a crypto most likely to 100x in Q3 2024. The coin has surged by 752.44% over the past six months, indicating high interest and increasing value. In the past week, PEPE has jumped by 15.52%, and in the last month, it skyrocketed by 90.97%.
PEPE’s future roadmap is ambitious, featuring plans for listings on centralized exchanges and a “meme takeover.” To potentially counteract its vast supply, PEPE implements a burning mechanism, destroying a portion of tokens over time to increase scarcity and value.
Despite the founders’ anonymity, their active promotion on social media has cultivated a robust community around the coin. PEPE’s no-tax policy and transparent approach regarding its utility — or lack thereof — distinguish it as a straightforward investment in the memecoin space.
2. Fantom ($FTM)
FTM Price: $0.8029
FTM Market Cap: $2.25 billion
Fantom (FTM), the native token of the Fantom blockchain, has emerged as one of the best-performing cryptocurrencies, with a significant increase in value of 12% in the past week and 23% in the last 1 month. The Fantom Foundation is actively implementing its latest upgrade codenamed Sonic, which promises to improve the capabilities of the blockchain. As of now, 25 out of 60 nodes have successfully completed the upgrade.
Additionally, Fantom has seen a significant increase in total value locked (TVL), reaching $128 million, an 18% increase in the past month. This increase underscores the growing adoption and usage of the Fantom ecosystem, supported by its technological advances and advanced infrastructure. FTM tokens have multiple use cases within the Fantom ecosystem, including executing transactions, securing governance rights, and participating in decentralized finance (DeFi) applications which is likely to contribute to an increase in the price of FTM.
3. Shiba Inu ($SHIB)
SHIB Price: $0.00002489
SHIB Market Cap: $14.67 billion
Shiba Inu (SHIB) is a meme coin that gained immense popularity in a short span. It draws inspiration from the Shiba Inu dog, a breed that became famous due to the Doge meme. With a current price under $1, SHIB has the potential to catapult 10-100x in value by Q3 2024. SHIB's price has surged 1,864,516% since its launch in 2021 and pumped 13% over the last month.
One of the reasons behind the meteoric rise of SHIB is its strong and vibrant community. The meme culture surrounding the token has attracted a large number of investors, who are eager to support the project and participate in the growth of the community.
Recently, the Shiba Inu development team informed the SHIB community about the upcoming launch of the upgraded ShibaSwap decentralized exchange on the layer-2 solution Shibarium. The ShibaSwap DEX will operate on both the Ethereum and Shibarium blockchains, featuring a robust bridge that enables seamless asset transfers between the two. This expansion enhances opportunities for the SHIB community, increasing the adoption and utility of SHIB tokens.
4. Chainlink ($LINK)
LINK Price: $16.38
LINK Market Cap: $9.66 billion
Chainlink is a decentralized oracle protocol that has gained traction with its market performance and notable advancements in financial technology. In the past 1 year, LINK price soared 150%. At the time of writing, the price jumped 19.01% to $16.38 in the last 24 hrs and the trading volume skyrocketed 245% to $1.22 billion.
Recently, Chainlink secured a partnership with the world’s largest payment system, Depository Trust and Clearing Corporation (DTCC), and completed the Smart NAV Pilot program with Major US banks including JPMorgan and Templeton to accelerate the tokenization of funds. This enables Chainlink to offer institutions a comprehensive range of services necessary for a complete tokenized asset strategy, and we could see an increase in institutional investment in Chainlink. There are now 564 whales holding over 100,000 LINK tokens, a 5% increase in just five weeks. The social dominance for LINK increasing and FOMO drives further investor interest.
5.Apu Apustaja ($APU)
APU Price: $0.0008494
APU Market Cap: $266.91 million
Apu Apustaja, a memecoin on Ethereum has become a sensation in the cryptocurrency world, following a similar path to SHIB, a leading memecoin. Within a launch of 2 months (March 2024), Apu memecoin surged 1,260% and achieved a market capitalization of $300 million in just over a month.
The Apu community has launched several innovative activities to promote the memecoin, including securing listings on major cryptocurrency exchanges including MEXC, Bitget, and CoinEx, and creating an Apu Game and a Book of Lore. Additionally, published 11 community-made music albums on famous streaming platforms such as Apple Music and Spotify. With an active community of almost 7,000 holders, Apu Apustaja represents more than just a memecoin; it embodies resilience, unity, and the transformative power of meme culture within the cryptocurrency sphere.
Conclusion
The above top 5 altcoins — PEPE, Fantom, Shiba Inu, Chainlink, and Apu Apustaja showcase substantial growth potential in Q3 2024 due to their innovation, community support, and market dynamics. Investors looking for significant returns might find these low-priced cryptocurrencies attractive options, with each offering unique advantages that could drive their values 10–100x in 2024.
