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Top Cryptocurrencies Likely To Hit $1 In 2024

By:W, Leah
Last updated:09/13/2024
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With healthy trading volumes in the crypto market, savvy traders are seeking for the best penny crypto to buy right now. Thinking of maximizing profits in the upcoming bull market? A smart strategy is investing in cryptocurrencies priced below $1, especially those with solid market caps.

We’ve compiled a list of the top cryptocurrencies by market cap, focusing on the best options priced under a dollar. These projects have potential to offer significant returns as a little increase in price could result in good profit. Let’s get to our list.

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VeChain ($VET)

VeChain stands as a formidable contender poised to breach the $1 milestone, fueled by its robust use cases and burgeoning adoption across diverse industries. At its core, VeChain revolutionizes supply chain management and business operations, offering a secure and transparent avenue for tracing products from inception to delivery.

In sectors where transparency is paramount, such as food and pharmaceuticals, VeChain’s services prove invaluable. It leverages smart chips to thwart counterfeit luxury goods and IoT sensors to monitor food items during transit. Underpinning this ecosystem is VeChainThor, a scalable layer 1 blockchain platform that empowers enterprises to develop decentralized applications (Dapps).

VeChain has the potential to hit $1. It hit a new all time high of $0.2782 in the 2021 bull market. And we could see a repeat of that in the coming bull market. Beyond its promising potential, VeChain boasts a formidable market presence, underscored by strategic partnerships with industry giants like BMW, DNV GL, Walmart China, PWC, LVMH, and Groupe Renault. These collaborations underscore VeChain’s credibility and versatility across industries. To attain the $1 milestone from its current price, VeChain would need to experience a remarkable surge of over 30 times its current valuation.

The following sets forth the VET to USD Chart (VET)

VeChain Chart

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Dogecoin ($DOGE)

Dogecoin has experienced a remarkable surge of over 60% in the past year, reestablishing itself as a favorite among crypto enthusiasts. The looming question, however, is whether Dogecoin can breach the $1 barrier. Undeniably, Dogecoin holds a prominent position as one of the top meme coins with immense potential for 2024 investments. If meme coins are destined for greater heights, Dogecoin stands as the pioneering force.

This optimism stems from Dogecoin’s robust community support across official channels like the Dogecoin X Channel and Discord, coupled with favorable market dynamics. Initially conceived as a humorous endeavor in 2013, Dogecoin has transformed into a leading cryptocurrency with an expanding array of use cases. Intriguing rumors suggest that DOGE may soon be accepted as a payment method for ads on X, highlighting its potential as a viable medium of exchange.

While meme coins often thrive on hype, Dogecoin’s evolving real-world applications contribute tangible value, propelling its price forward. To attain the $1 milestone from its current position, Dogecoin would require a significant upswing of over 7 times its present valuation. Let’s delve into the factors that Render this feat plausible.

The following sets forth the DOGE to USD Chart (DOGE)

Dogecoin Chart

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Cardano ($ADA)

Proceeding on our list, we introduce Cardano, a blockchain platform meticulously crafted to establish a sturdy and scalable infrastructure that empowers developers to forge and execute decentralized applications and smart contracts. Cardano stands apart from its competitors by embracing a research-intensive methodology and deeply embedding academic rigor into its fabric.

Multiple factors underpin the likelihood of Cardano surpassing the $1 milestone. Firstly, its technological underpinnings are formidable. As elucidated in Cardano’s Whitepaper, its layered architecture and pioneering Proof-of-Stake (PoS) consensus algorithm provide a resilient and expandable backbone for sustained expansion. Cardano’s unwavering commitment to security and efficiency renders it an alluring proposition for developers. Consequently, a surge in developer activity on Cardano could positively impact the price of its native token, ADA.

Next, Cardano’s expanding ecosystem could possibly drive it to the $1 mark.  There’s been increased network activity on Cardano, showing increased adoption. Data from DefiLlama places the blockchain’s Total Value Locked (TVL) at $191.71 million. Although this figure is considerably far from its all-time high of $470 million back in March, there’s a lot of activities that would get things up.
Cardano’s stablecoin market is also experiencing an upswing, currently valued at $15.6 million. As DeFi projects and DApps continue to flourish on Cardano, the demand for ADA is expected to escalate, subsequently bolstering its value. Additionally, Cardano boasts a string of strategic collaborations with esteemed organizations and governments globally, alongside a vibrant community on the Cardano X platform. For instance, its partnership with the Ethiopian government to introduce a blockchain-powered identification system for students and teachers underscores Cardano’s commitment to fostering real-world adoption and use cases.
The following sets forth the ADA to USD Chart (ADA)

ADA USDT-margined perpetual futures contracts with a leverage of up to 50x are available on BTCC platform. If you are interested, click the button below to enter ADA trading page⇓

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Polygon ($MATIC)

Polygon emerges as a prominent Ethereum scaling solution and a sought-after cryptocurrency amidst the escalating demand for efficient, scalable, and cost-effective blockchain platforms. Its innovative approach, robust ecosystem, and strategic partnerships position Polygon as a contender to breach the $1 threshold.

The impending bull market presents a compelling rationale to anticipate Polygon scaling new heights and potentially surpassing the 1 mark. During the previous bull run,Polygon attained an all−time high of 2.92, though it currently trails this peak by over 80%. Nevertheless, indicators suggest a favorable turnaround for this scaling platform. Notably, Polygon has recently outpaced Bitcoin and Solana in NFT sales, underscoring its growing momentum.
As the bull market nears, we anticipate heightened developer activity on Polygon. The platform effectively addresses Ethereum’s scalability challenges and is renowned for its swift transactions and low fees. As the demand for efficient and cost-effective transactions intensifies, more projects are likely to embrace Polygon, thereby propelling it towards the $1 milestone.

According to Polygon’s Whitepaper, the platform boasts a formidable ecosystem that caters to a diverse array of decentralized applications (dApps), DeFi initiatives, and NFTs. Renowned platforms such as Aave, SushiSwap, and OpenSea have integrated with Polygon, channeling their user bases and transaction volumes into the network. This integration trend is expected to intensify, enhancing Polygon’s utility and demand, ultimately driving up the value of its native token, MATIC.

The following sets forth the MATIC to USD Chart (MATIC)

Polygon Chart

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Mantle ($MNT)

Mantle stands as a formidable blockchain project with a robust infrastructure, notably as a leading Layer 2 crypto endeavor operating atop the Ethereum network.  This strategic positioning enables Mantle’s users and developers to leverage the unparalleled security of Ethereum.  Since its debut in 2023, Mantle has captured the blockchain landscape’s attention, emerging as a trending topic.  Notably, transactions on Mantle are significantly more cost-effective, with fees 80% lower compared to Ethereum.

Moreover, Mantle boasts a remarkable transaction throughput capacity of 500 transactions per second, surpassing Ethereum’s by a factor of 20, which is limited to 25 transactions per second.  This scalability advantage underscores Mantle’s potential for handling high volumes of transactions efficiently.
Furthermore, Mantle’s EVM (Ethereum Virtual Machine) compatibility underscores its seamless integration with the Ethereum ecosystem, appealing to a broad spectrum of developers.  With a strong community base on the X platform, boasting over 770K+ followers, Mantle finds itself in a competitive landscape alongside renowned projects like Arbitrum and Optimism.

Despite being a relatively new entrant, Mantle has swiftly ascended to prominence, ranking among the top 50 cryptocurrencies by market capitalization, a testament to its inherent strength.  Adding to its accolades, Mantle achieved a notable milestone in April this year, hitting a new all-time high of $1.51, before experiencing a subsequent price adjustment.

The following sets forth the MNT to USD Chart (MNT)

Mantle Chart

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Book of Meme ($BOME)

Launched in March 2024, Book of Meme was created by Darkfarms, the creator of Pepe Meme, to commemorate and extend meme culture through decentralized blockchain technology. The BOOK OF MEME project is not just a meme coin, but a comprehensive ecosystem that brings together financial technology, memes, digital artistic creativity, and social interaction. Since the listing of BOME coin, its price has experienced fluctuations, but the overall show a certain market vitality.

Book of Meme has quickly become a popular meme coin in the current crypto bull market, soaring 58,000 percent just 48 hours after its debut on Solana’s Raydium DEX. Following this, a listing on Binance spurred another 450% increase. Currently, $BOME is in a consolidation phase, which is typical after such rapid growth.

Currently, $BOME is in a consolidation phase, which is typical after rapid growth. $BOME’s strong social media presence and active community engagement have kept it relevant in the broader realm of meme coins.

A future listing on major exchanges such as OKX and Coinbase could further increase Bitcoin’s visibility and market value, sending its price soaring again.

The following sets forth BOME to USD Chart

BOOK OF MEME Chart

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The Graph ($GRT)

The Graph ($GRT) is an innovative and practical decentralized data indexing protocol focused to making Web3 information more easy to sift through online. To start with, The Graph is indexing all the information on the Ethereum network. This means that, in theory, users will be able to open a Web3 browser and search for information about Ethereum, just as Google’s search engine allows you to search for information on Web2.

Graph token is called $GRT. GRT tokens play an important role in The Graph protocol and are used to pay people who provide services on the platform, such as indexers, curators and trustees. At the same time, GRT token can also be bought, sold and traded on cryptocurrency exchanges. With the continuous development of blockchain technology and the rise of Web 3.0, The Graph ($GRT) has attracted much attention as a decentralized data indexing protocol. The Graph team is also constantly working to improve the technology and expand the range of applications to attract more developers and users to its ecosystem.

$GRT is currently trading at $0.14447592 with a 24-hour volume of around $31.893M and a market cap above $1.38B. It’s up 28% on the month and 166% on the year as interest in the project continues to grow.

The following sets forth GRT to USD Chart

The Graph Chart

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Conclusion

Reaching the $1 mark represents a significant milestone for any cryptocurrency, marking a pivotal point in its journey. This article has delved into five promising cryptocurrencies that possess the potential to attain this milestone, accompanied by compelling rationales for their potential success. Nevertheless, it is crucial to acknowledge that cryptocurrencies are inherently volatile assets, necessitating a thorough understanding of the associated risks before embarking on any investment endeavors.

Therefore, it is imperative for investors to conduct thorough research, assess their risk tolerance, and identify cryptocurrencies that align with their market objectives and financial goals. By doing so, investors can make informed decisions and navigate the dynamic world of cryptocurrency investments with greater confidence.

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Dogecoin (DOGE)Top Cryptocurrencies Likely To Hit $1 In 2024VeChain ($VET)The Graph (grt)Book of Meme (BOME)BOMEBOOK OF MEMEMantleMantle (MNT)GRT

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