10 Low-Cap Cryptos That Could Make You a Millionaire in 2024
The crypto market is booming, and everyone is looking for the next big thing. But while the mainstream media focuses on the top coins like Bitcoin, Ethereum, and Cardano, there are hundreds of hidden gems that could offer massive returns in the near future.
These are the low-cap cryptos, or the coins that have a market capitalization of less than $1 billion. They are often overlooked by investors, but they have the potential to explode in value if they gain traction, adoption, and innovation.
In this article, we will introduce you to 10 low-cap cryptos that could make you a millionaire in 2024. These are not financial advice, but rather our personal opinions based on our research and analysis. We encourage you to do your own due diligence before investing in any crypto project.
Here are the 10 low-cap cryptos that we think you should keep an eye on in 2024:
1. Harmony (ONE)
Harmony is a blockchain platform that aims to achieve scalability, security, and interoperability. It uses a sharding technique that divides the network into multiple shards, each with its own consensus and state. This allows Harmony to process thousands of transactions per second, while maintaining low fees and cross-chain compatibility. Harmony also supports smart contracts, decentralized applications, and non-fungible tokens (NFTs).
Harmony has a market cap of around $700 million, and a circulating supply of 10.6 billion ONE tokens. The token is used for staking, governance, and paying for network services. Harmony has a strong team of engineers and researchers, as well as partnerships with major players like Binance, Huobi, and Animoca Brands. Harmony is one of the most promising low-cap cryptos that could deliver high performance and innovation in 2024.
2. Injective Protocol (INJ)
Injective Protocol is a decentralized exchange (DEX) that enables fast, secure, and fully customizable trading of any asset, including stocks, commodities, forex, and crypto. It leverages a layer-2 solution that runs on top of Ethereum, which eliminates gas fees, latency, and front-running issues. Injective Protocol also supports advanced features like margin trading, perpetual swaps, and futures.
Injective Protocol has a market cap of around $300 million, and a circulating supply of 16.8 million INJ tokens. The token is used for staking, governance, and paying for exchange fees. Injective Protocol has a stellar team of former Google, Amazon, and Microsoft engineers, as well as backing from prominent investors like Mark Cuban, Pantera Capital, and Binance Labs. Injective Protocol is one of the most innovative low-cap cryptos that could revolutionize the DEX space in 2024.
3. Orion Protocol (ORN)
Orion Protocol is a platform that aggregates liquidity from multiple sources, such as centralized exchanges, decentralized exchanges, and swap pools. It aims to provide a universal gateway to the entire crypto market, with access to the best prices, lowest fees, and highest security. Orion Protocol also offers various products and services, such as Orion Terminal, Orion Enterprise, and Orion Launchpad.
Orion Protocol has a market cap of around $200 million, and a circulating supply of 27.8 million ORN tokens. The token is used for staking, governance, and paying for network fees. Orion Protocol has a seasoned team of blockchain and finance experts, as well as partnerships with leading projects like Polkadot, Cardano, and Elrond. Orion Protocol is one of the most ambitious low-cap cryptos that could bridge the gap between the crypto and traditional markets in 2024.
4. Kava (KAVA)
Kava is a decentralized finance (DeFi) platform that offers lending, borrowing, and stablecoins. It is built on the Cosmos network, which enables cross-chain interoperability and scalability. Kava supports a variety of assets, such as Bitcoin, Ethereum, Binance Coin, and XRP. Kava also hosts the HARD Protocol, which is a money market that allows users to earn interest on their deposits, and the USDX stablecoin, which is backed by crypto collateral.
Kava has a market cap of around $400 million, and a circulating supply of 70.9 million KAVA tokens. The token is used for staking, governance, and paying for network fees. Kava has a solid team of engineers and entrepreneurs, as well as support from major players like Binance, Huobi, and Kraken. Kava is one of the most established low-cap cryptos that could offer a robust and diverse DeFi ecosystem in 2024.
5. Audius (AUDIO)
Audius is a decentralized music streaming platform that empowers artists and fans. It allows artists to upload, share, and monetize their music, without intermediaries or censorship. It also allows fans to discover, stream, and support their favorite artists, while earning rewards and governance rights. Audius leverages a decentralized network of nodes, validators, and storage providers, as well as a dual-token system.
Audius has a market cap of around $300 million, and a circulating supply of 408.7 million AUDIO tokens. The token is used for staking, governance, and paying for network services. Audius has a talented team of music and tech enthusiasts, as well as endorsements from renowned artists like Skrillex, deadmau5, and RAC. Audius is one of the most disruptive low-cap cryptos that could redefine the music industry in 2024.
6. Terra (LUNA)
Terra is a blockchain platform that aims to create a global payment system powered by stablecoins. It uses a two-token model, where LUNA is the native token that secures the network and stabilizes the price of stablecoins, and Terra is the family of stablecoins that are pegged to various fiat currencies, such as USD, EUR, and KRW. Terra also supports smart contracts, decentralized applications, and NFTs.
Terra has a market cap of around $900 million, and a circulating supply of 382.3 million LUNA tokens. The token is used for staking, governance, and burning to mint stablecoins. Terra has a visionary team of entrepreneurs and engineers, as well as backing from prominent investors like Galaxy Digital, Coinbase Ventures, and Arrington XRP Capital. Terra is one of the most scalable and stable low-cap cryptos that could enable mass adoption of crypto payments in 2024.
7. Akash Network (AKT)
Akash Network is a decentralized cloud computing platform that connects users who need computing resources with providers who have idle capacity. It uses a peer-to-peer marketplace that allows users to bid for the best price and quality, while providers can earn rewards for sharing their unused servers. Akash Network also supports various applications, such as web hosting, machine learning, and gaming.
Akash Network has a market cap of around $200 million, and a circulating supply of 64.5 million AKT tokens. The token is used for staking, governance, and paying for network services. Akash Network has an experienced team of cloud and blockchain experts, as well as partnerships with leading projects like Cosmos, Solana, and Chainlink. Akash Network is one of the most efficient and flexible low-cap cryptos that could democratize the cloud computing industry in 2024.
8. Radix (EXRD)
Radix is a blockchain platform that aims to solve the scalability, security, and composability challenges of the current DeFi landscape. It uses a novel consensus algorithm called Cerberus, which allows Radix to process millions of transactions per second, while ensuring finality and safety. Radix also supports a modular development framework called Scrypto, which enables developers to create and compose DeFi applications with ease.
Radix has a market cap of around $300 million, and a circulating supply of 4.4 billion EXRD tokens. The token is used for staking, governance, and paying for network fees. Radix has a brilliant team of mathematicians and engineers, as well as backing from influential investors like LocalGlobe, Taavet Hinrikus, and David Johnston. Radix is one of the most cutting-edge and scalable low-cap cryptos that could unleash the true potential of DeFi in 2024.
9. Solana (SOL):
Solana is a high-performance blockchain that claims to offer scalability, security, and decentralization without compromising on any of them. Solana can process over 50,000 transactions per second, making it one of the fastest blockchains in the world. Solana also supports smart contracts, decentralized applications, and interoperability with other blockchains. Solana has a market cap of around $900 million and a price of around $15 as of January 2024. Solana could be a game-changer for the crypto industry, as it aims to solve the trilemma of blockchain technology.
10.Polkadot (DOT):
Polkadot is a multi-chain network that connects different blockchains and enables cross-chain communication and interoperability. Polkadot allows for the creation of custom blockchains, called parachains, that can have their own features and functionalities. Polkadot also has a governance system that allows for the upgrade and improvement of the network without hard forks. Polkadot has a market cap of around $800 million and a price of around $8 as of January 2024. Polkadot could be a catalyst for the innovation and adoption of blockchain technology, as it enables the creation of diverse and interoperable ecosystems.
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