Altcoins
Here is the next $100 billion altcoin opportunity
The latest bull market took several altcoins past the $100 billion mark, but four years later, the blockchain landscape has changed. With innovative technologies, expanding use cases, and growing mainstream acceptance, some altcoins are on the verge of unlocking $100 billion in market potential. This new era promises not only substantial returns but also transformative impacts on the financial landscape. Here are 4 of them altcoins which could reach a market capitalization of $100 billion in the next bull run.
1. Altcoin – Shiba Inu (SHIB)
Shiba Inu is one of the best dog-themed altcoins in the space today, with hundreds of replicas and aspirants. Trading at around $0.00001874, SHIB has a market capitalization of $11 billion. Shiba Inu market capitalization chart indicates that the total value of the asset 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 memetic currency (apart from Dogemoneta) has ever achieved. During that ride, Shiba Inu it was just a meme coin. But over time, developers have built tangible technology, utility, and ecosystem around the token that could catalyze reaching $100 billion this time.
Data shows that there are 40 protocols built on the Shibarium network, of which 10 are liquid staking protocols and 11 are decentralized exchanges. There are also 2 bridges and 5 wallets in the list, which turns Shiba Inu from being just a meme coin to a serious blockchain competitor, perhaps even more serious than Dogecoin.
2. Toncoin (TON)
Toncoin is a layer 1 blockchain designed specifically to support interoperability between chains. Blockchain is the brainchild of Telegram, the famous messaging app with over 1 billion users worldwide. Subsequently, the TON Foundation was created and the development of the network was entrusted to this organization.
For cryptocurrency newbies, TON is not a new altcoin. It has been around since 2021 and trades at very low prices under $1. TON has grown in popularity in recent months as the gaming ecosystem has transitioned to Telegram mini apps.
Toncoin’s highest-ever market capitalization was $25.2 billion in April 2024. This coincides with the launch of Not money (NOT), the Tap-to-Earn game that was launched on the network and introduced many users, not only to cryptocurrencies but also to the TON blockchain.
This market capitalization is expected to increase as Telegram’s mini-app ecosystem has exploded since then, with many of the projects promising to launch on the TON network. Toncoin will definitely surpass $100 billion in the next bull run.
3. XRP (XRP)
Ripple and XRP are enigmas in the cryptocurrency arena. XRP is the oldest cryptocurrency on this list, and although it, like Litecoin (LTC), Monero (XMR) and Bitcoin Cash (BCH) has not lost its place in the top 10, it continues the asset’s 5-year price suppression for blow the minds of the XRPArmy.
Unlike the others on the list, XRP has tasted heaven with its market capitalization of over $100 billion. Between January 2 and 3, 2018, XRP jumped from $95 billion to $121 billion, finally culminating the 2020-2021 bull run at $131 billion on January 7.
The value of XRP collapsed in the bear market and has not recovered, even as other cryptocurrencies have recovered. The same thing happened in the mini-bull season of March 2024, when the token only managed to rise up to $39 billion.
The price of XRP has been largely suppressed by the ongoing battle against the SEC, which began in late 2020.
The recent settlement between the SEC and Terraform Labs (TFL), along with the dropping of the Ethereum 2.0 investigation, has given XRPArmy hope that Ripple may soon receive similar relief. Ripple recently achieved a significant victory against the SEC, reducing fines from $2 billion to $106 million. With this in mind, XRP can easily surpass $100 billion again, if a bull run scenario occurs.
4. Altcoins to buy – Chainlink (LINK)
Chainlink is the industrious but unnoticed boy of the family. Founded by Sergey Nazarov, Chainlink built the blockchain’s TCP/IP protocol, the Cross Chain Interoperability Protocol (CCIP). By January 2023, over 1600 blockchain protocols had been integrated Chainlink technology (and the CCIP core network had not yet launched). Since then, another 657 protocols have been added, including 148 in 2024.
Chainlink’s market capitalization currently stands at approximately $8.6 billion, down from the yearly high of $12.11 billion recorded on March 11. Connection has ever reached was $22 billion in May 2021 before starting to climb back up. Strong support is found around the $8 billion market and has been tested multiple times since November 2023.
Given that Price LINK value has reached $22 billion with fewer customers and a relatively smaller bull run than incoming, you can expect this ignored guy to surprise many when the full-blown bull run kicks off.
Conclusion
Industry leaders expect the next bull run to be the largest in cryptocurrency history. So far, regulators have approved two ETFs, and there is talk among industry leaders about the possibility of more. These altcoins could likely reach a market capitalization of $100 billion or higher.
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