Altcoins
Here’s Altcoins’ Next $100 Billion Opportunity
The last bull market saw several altcoins surpass the $100 billion mark, but four years later the blockchain landscape has changed. With innovative technologies, expanded use cases, and growing mainstream acceptance, some altcoins are poised to unlock $100 billion in market potential. This new era promises not only substantial returns, but also transformative impacts on the financial landscape. Here are 4 altcoins this could reach a market cap of $100 billion during the next bull run.
1. Altcoins – Shiba Inu (SHIB)
Shiba Inu is one of the best dog-themed altcoins today, with hundreds of replicants and wannabes. Trading around $0.00001874, SHIB has a market cap of $11 billion. The Shiba Inu market cap chart indicates that the total asset value is decreasing with the next support level around the $8.3 billion mark.
At an all-time high, SHIB reached a market capitalization of $41.1 billion, the highest ever. piece of money (apart from Dogecoin) never succeeded. During this race, Shiba Inu was just a coin. But over time, developers have built a tangible technology, utility, and ecosystem around the token that could catalyze the $100 billion surge this time around.
Data shows that there are 40 protocols built on the Shibarium network, 10 of which are liquid staking protocols and 11 of which are decentralized exchanges. There are also 2 decks and 5 wallets in the list, which transforms Shiba Inu from being a simple coin into a serious blockchain competitor, perhaps even more serious than Dogecoin.
2. Toncoin (TON)
Toncoin is a layer 1 blockchain specifically designed to support cross-chain interoperability. Blockchain is the brainchild of Telegram, the famous messaging application with more than a billion users worldwide. The TON Foundation was then created and the development of the network was entrusted to this organization.
For crypto newbies, TON is not a new altcoin. It has been around since 2021 and trades at very low prices, below $1. TON’s popularity has increased over the past few months as the gaming ecosystem has shifted towards Telegram mini-apps.
Toncoin’s highest ever market capitalization was $25.2 billion in April 2024. This coincides with the launch of Notcoin (NOT), the Tap-to-Earn game that launched on the network and onboarded many users, not only to crypto but also to the TON blockchain.
This market capitalization is expected to increase as the Telegram mini-app ecosystem has exploded since then, with many projects promising to launch on the TON network. Toncoin is sure to surpass $100 billion in the next bull run.
3. XRP (XRP)
Ripple and XRP are enigmas in cryptography. XRP is the oldest cryptocurrency on this list and, although like Litecoin (LTC), Monero (XMR) and Bitcoin Cash (BCH), it has not lost its place in the top 10, the suppression of prices of assets over 5 years continues. to blow the minds of the XRPArmy.
Unlike others on the list, XRP has tasted heaven with its market cap of over $100 billion. Between January 2 and 3, 2018, XRP rose from $95 billion to $121 billion, ultimately culminating the 2020-2021 bull run at $131 billion on January 7.
The value of XRP collapsed during the bear market and has not recovered, even as other cryptos have recovered. The same thing happened in the March 2024 mini-bull season, as the token only managed to reach $39 billion.
The price of XRP has been largely reduced by the ongoing battle with the SEC, which began in late 2020.
The recent settlement between the SEC and Terraform Labs (TFL), as well as the dropping of investigations into Ethereum 2.0, has raised hopes within the XRPArmy that Ripple could soon receive similar relief. Ripple recently won a significant victory against the SEC, reducing its penalties from $2 billion to $106 million. Keeping this in mind, XRP can easily surpass $100 billion again, if a bullish scenario plays out.
4. Altcoins to Buy – Chainlink (LINK)
Chainlink is the hardworking but unnoticed child of the family. Founded by Sergey Nazarov, Chainlink built the blockchain’s TCP/IP protocol, the Cross Chain Interoperability Protocol (CCIP). As of January 2023, more than 1,600 blockchain protocols have been integrated. Chain link technology (and the CCIP mainnet had not yet launched). Since then, 657 additional protocols have joined the ranks, including 148 in 2024.
Chainlink’s market capitalization currently stands at around $8.6 billion, down from its yearly high of $12.11 billion on March 11. Link ever reached $22 billion in May 2021 before starting to retrace. Strong support lies around the $8 billion market and has been tested repeatedly since November 2023.
Given that LINK Price value reached $22 billion with fewer customers and a relatively smaller bull run than the incoming one, you can expect this overlooked child to surprise many when the full-fledged bull run begins.
Conclusion
Industry executives expect the next bull run to be the biggest in crypto history. Regulators have approved two ETFs so far, and industry executives are discussing the possibility of creating more. These altcoins could likely reach a market cap of $100 billion or more.
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