🔥🔥🔥2 Cryptocurrencies to Reach $1 Billion Market Cap by the End of 2024
Amid recent market volatility, several digital assets are emerging as strong candidates for significant growth in the coming period.
Despite the overall market stagnation, specific altcoins are proving resilient and showing significant potential.
Backed by solid fundamentals, growing community interest, and other favorable factors, these cryptocurrencies could surge if the bullish momentum continues.
🔸 Phantom (#FTM )
Fantom (FTM), currently trading at $0.3417, boasts a market capitalization of around $958 million.
Despite facing a challenging Q2, with a 46.71% quarter-on-quarter (QoQ) decline in its market capitalization from $3.19 billion to $1.7 billion, Fantom’s year-on-year (YoY) growth remains strong, with the company’s market capitalization still 94% higher than in Q2 2023.
The decline was largely due to the general downturn in the cryptocurrency market and the Fantom Foundation's rebranding to Sonic Labs. However, recent strategic initiatives, including the Ecosystem Vault program and Gas Monetization, could spur growth again as on-chain activity increases.
The significant reduction in Fantom’s transaction fee burn rate from 30% to 5%, along with the reallocation of these funds, is expected to stimulate more network activity, driving revenue and demand for the token.
🔸 Helium (#HNT )
Helium (HNT), currently trading at $5.99, has shown significant resilience with a market capitalization of nearly $970 million.
Helium’s unique role as a pioneer in decentralized physical infrastructure networks (DePIN) has fueled the company’s recent growth, particularly through partnerships with traditional carriers and an expanding physical infrastructure that now includes nearly 16,000 hotspots.
Helium's adoption rate has accelerated rapidly, with over 108,000 unlimited plan subscribers, reflecting a period of strong growth.
This expanding user base, coupled with strong customer retention and new revenue streams from partnerships with mobile carriers, suggests that Helium's growth trajectory is likely to continue.