The crypto market has been on a wild ride lately, with Bitcoin and Ethereum down significantly from March’s peak.
While these two cryptos continue to dominate the headlines, some investors are searching for the next low-cap token to break out.
In this article, we’ll explore five under-the-radar cryptocurrencies that could show their potential by the end of 2024.
1. Dogeverse (DOGEVERSE)
For those interested in meme coins with broader applications, Dogeverse (DOGEVERSE) could be worth watching.
This multi-chain project is the first of its kind, launching simultaneously across Ethereum, Solana, BNB Chain, Avalanche, Polygon, and Base.
As such, Dogeverse taps into the universal appeal of internet culture while also using innovative tech like cross-chain bridging.
Its successful $13 million+ presale raise demonstrates the considerable investor interest in this setup.
Alongside Dogeverse’s multi-chain capabilities, investors are also excited about the token’s staking protocol – which offers estimated yields of 77% per year.
With the presale coming to an end and a DEX listing on the horizon, the anticipation is building around DOGEVERSE’s price prospects.
And with interest in meme coins remaining high, DOGEVERSE could be a potential contender if all goes to plan.
2. Render (RNDR)
Render (RNDR) is a decentralized GPU rendering network built on the Ethereum blockchain.
It aims to solve a major challenge for creators in industries like visual effects, gaming, and the metaverse – accessing cost-effective rendering power.
The Render Network connects digital artists and developers needing intensive GPU rendering for their projects with node operators willing to rent out their idle capacity.
Creators pay in RNDR tokens to have their rendering jobs distributed across the network of GPUs, massively accelerating rendering times.
With Render now being integrated into popular creative software tools like Blender and Cinema4D, RNDR could have potential if it continues to be adopted.
3. 99Bitcoins Token (99BTC)
Crypto education meets innovation with 99Bitcoins Token (99BTC) – a new “learn-to-earn” project that could potentially 1,000x in 2024.
Built on Ethereum but with plans to become a BRC-20 token, 99Bitcoins Token allows holders to earn income simply by progressing through 99Bitcoins’ interactive curriculum.
As holders complete courses and quizzes, and engage with the community, they’ll earn real 99BTC tokens.
These tokens can be used to unlock premium trading signals, discounts, exclusive events – and can even be staked for passive income.
Thanks to this approach of combining learning and earning, many early backers believe 99Bitcoins Token could attract significant interest once it hits the open market.
And with over $1 million in the 99Bitcoins token presale raised already, it’s clear that investors are betting big on 99BTC’s potential.
4. Raydium (RAY)
When it comes to the DeFi space on Solana, Raydium (RAY) is a project that’s gaining interest.
This automated market maker (AMM) and DEX integrates with Solana’s Serum order books to create a seamless trading experience.
But Raydium is much more than a place to swap tokens.
It offers traders multiple opportunities, such as providing liquidity to pools in exchange for fees and earning RAY tokens through staking.
Raydium even has a launchpad to help incubate new Solana projects.
With Solana continuing to gain ground on Ethereum as the go-to layer-1 blockchain for DeFi projects, Raydium could expand even more - which may position the RAY token for further price growth.
5. 5th Scape (5SCAPE)
Concluding our list of potentialcrypto contenders is 5th Scape (5SCAPE) – an Ethereum-based project that aims to create an all-in-one VR ecosystem.
This ecosystem will combine gaming, movies, education, and devices into one immersive hub.
Through realistic experiences like Cage Conquest and Thrust Hunter, 5th Scape looks to bring unparalleled entertainment.
However, the project goes beyond gaming, with utilities for learning, metaverse events, and exclusive content only available to 5SCAPE holders.
As VR tech continues to disrupt multiple industries, early backers believe 5SCAPE could be a popular token for exposure to this area of the crypto market.
Moreover, with 5SCAPE tokens still on offer for $0.00327, the stage looks set for significant upside if the developers can achieve their strategic goals.