Maker

2024

Monero

THORChain

Billion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/three-promising-altcoins-eye-10-billion-valuation-leap-by-2024" rel="noopener noreferrer nofollow">Three Promising Altcoins Eye $10 Billion Valuation Leap by 2024</a><br></p>
<p style="text-align: justify">A recent analysis suggests that three cryptocurrencies with modest market capitalizations are on track to potentially break through a $10 billion valuation by 2024. These altcoins are Monero (XMR), THORChain (RUNE), and Maker (MKR), each showing unique strengths that contribute to their growth prospects.</p>
<h2 id="monero-faces-regulatory-hurdles">Monero Faces Regulatory Hurdles</h2>
<p style="text-align: justify">Monero, known for its privacy-centric features, is contending with intense regulatory scrutiny, which has resulted in a 23% decline over the past month. Presently, the coin trades at $117.7. Despite this pressure, Monero’s adherence to a low supply inflation rate and increased adoption through decentralized exchanges could vastly improve its valuation.</p>
<h2 id="thorchain-aims-for-decentralized-exchange-dominance">THORChain Aims for Decentralized Exchange Dominance</h2>
<p style="text-align: justify">THORChain, a decentralized liquidity protocol, has seen a 12.8% uptick in valuation over the last month. Trading at $5.09 with a $1.74 billion market cap, the inter-chain exchange platform could benefit from the regulatory crackdown on centralized exchanges. This could pave the way for a 475% gain if it achieves the $10 billion milestone.</p>
<h2 id="maker-s-stability-amidst-market-volatility">Maker’s Stability Amidst Market Volatility</h2>
<p style="text-align: justify">Maker, another contender, operates on the <a href="https://en.bitcoinhaber.net/ethereum-withdrawals-surge-in-cryptocurrency-markets" rel="noopener noreferrer nofollow">Ethereum</a> blockchain, supporting the DAI stablecoin. Currently valued at $1.83 billion with a token price of $1,985, Maker could see over a 465% increase in market value. Its performance often counters the broader crypto market trends, making it an attractive hedge during downturns.</p>
<p style="text-align: justify">Investors monitoring these developments will be keen to see if these altcoins can overcome their respective challenges and achieve the anticipated growth, providing significant returns on investment.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/three-promising-altcoins-eye-10-billion-valuation-leap-by-2024" rel="noopener noreferrer nofollow">Three Promising Altcoins Eye $10 Billion Valuation Leap by 2024</a></h5>

Three Promising Altcoins Eye $10 Billion Valuation Leap by 2024

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