Ethereum

Pendle

Render

Arbitrum

Injective

<img width="1280" height="853" src="https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252.jpg 1280w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-300x200.jpg 300w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-1224x816.jpg 1224w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-768x512.jpg 768w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-150x100.jpg 150w, https://coingape.com/wp-content/uploads/2023/11/global-crypto-taxation-1644295788252-272x182.jpg 272w" sizes="(max-width: 1280px) 100vw, 1280px">
The cryptocurrency market is bursting with opportunity, with five cryptocurrencies showing excellent growth paths for 2024. According to analysts, ThorChain’s RUNE, Arbitrum’s ARB, Injective Protocol’s INJ, Render Network’s RNDR, and Pendle’s PENDLE are all expected to achieve significant gains.&nbsp; 
<h2 id="thorchain-rune">ThorChain (RUNE)</h2> 
ThorChain’s RUNE emerges as a frontrunner at the top of the list, with a market capitalization of $2.24 billion. Furthermore, a strong community and solid DeFi use cases have aided the growth of its decentralized exchange (DEX) platform, which provides cross-chain liquidity. With a <a href="https://coingape.com/price/thorchain/">current price</a> of $6.55 and a fully diluted valuation (FDV) of $3.17 billion, RUNE is poised for significant growth despite fears that its recent jump may limit its upside potential. 
<img decoding="async" class="aligncenter wp-image-168081" src="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T190004.081.png" alt="" width="671" height="377" srcset="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T190004.081.png 981w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T190004.081-300x169.png 300w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T190004.081-768x431.png 768w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T190004.081-678x381.png 678w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T190004.081-150x84.png 150w" sizes="(max-width: 671px) 100vw, 671px"> 
RUNE/USD price chart 
<h2 id="arbitrum-arb">Arbitrum (ARB)</h2> 
Arbitrum’s $ARB distinguishes itself with its Layer 2 scaling solution, which is critical for Ethereum’s developing ecosystem. With a market capitalization of $1.364 billion and an FDV of $10.687 billion, priced at $1.07, ARB shows <a href="https://coingape.com/arbitrum-daos-staking-proposal-ignites-arb-price-surge/">potential </a>for addressing scaling challenges. Furthermore, its substantial Total Value Locked (TVL) and the anticipated unlock event in 90 days add to its potential, while investors are concerned about the scale of this unlock. 
<img decoding="async" class="aligncenter wp-image-168080" src="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185925.216.png" alt="" width="655" height="376" srcset="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185925.216.png 979w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185925.216-300x172.png 300w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185925.216-768x441.png 768w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185925.216-150x86.png 150w" sizes="(max-width: 655px) 100vw, 655px"> 
ARB/USD price chart 
<h2 id="injective-protocol-inj">Injective Protocol (INJ)</h2> 
With its INJ token, Injective Protocol makes a convincing argument in the decentralized trading market. A large and fast-increasing ecosystem supports the $1.44 billion market cap, $1.72 billion FDV, and $17.29 price tag. Significantly, INJ has a <a href="https://coingape.com/education/what-is-injective/">benefit </a>in that it has an 85% circulating supply of its maximal token amount, allowing for cheap and rapid transactions supported by powerful backers.&nbsp;&nbsp; 
<img decoding="async" class="aligncenter wp-image-168079" src="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185847.793.png" alt="" width="645" height="395" srcset="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185847.793.png 978w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185847.793-300x184.png 300w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185847.793-768x470.png 768w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185847.793-150x92.png 150w" sizes="(max-width: 645px) 100vw, 645px"> 
INJ/USD price chart 
<h2 id="render-network-rndr">Render Network (RNDR)</h2> 
Render Network’s RNDR token, which is presently trading at $3.80, has a market valuation of $1.414 billion and an FDV of $2.04 billion. The unique role of RNDR in GPU rendering for animation and VFX places it in a strong market position. With the majority of its supply in circulation, RNDR is <a href="https://coingape.com/render-rndr-launches-incentives-for-node-operators-will-price-break-3/">positioned </a>for long-term growth on the strength of its specific market niche.&nbsp; 
<img decoding="async" class="aligncenter wp-image-168077" src="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185816.503.png" alt="" width="655" height="365" srcset="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185816.503.png 978w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185816.503-300x167.png 300w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185816.503-768x428.png 768w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185816.503-150x84.png 150w" sizes="(max-width: 655px) 100vw, 655px"> 
RNDR/USD price chart 
<h2 id="pendle-pendle">Pendle (PENDLE)</h2> 
Finally, with a market valuation of $291 million and an FDV of $318 million, Pendle is a significant spot for yield and principal trading. Despite a pessimistic trend and a price of $1.23, it capitalizes on the rise of real-world assets (RWA) and has created a considerable presence on Ethereum and Arbitrum. 
<img decoding="async" class="aligncenter wp-image-168076" src="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185738.506.png" alt="" width="681" height="424" srcset="https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185738.506.png 986w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185738.506-300x187.png 300w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185738.506-768x478.png 768w, https://coingape.com/wp-content/uploads/2023/12/screenshoteasy-2023-12-06T185738.506-150x93.png 150w" sizes="(max-width: 681px) 100vw, 681px"> 
PENDLE/USD price chart 
Furthermore, PENDLE’s growing Total Value Locked and integration with many projects strengthen its market position, indicating a rapid growth trajectory. 
The post <a rel="nofollow" href="https://coingape.com/top-5-crypto-projects-with-50-100x-potential-in-2024/">Top 5 Crypto Projects with 50-100x Potential in 2024</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Top 5 Crypto Projects with 50-100x Potential in 2024

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