Bitcoin Cash

2024

Toncoin

Chainlink

<div class="finbold">
 <p class="paragraph">Mid-cap cryptocurrencies with solid fundamentals may offer enticing risk-reward ratios in the dynamic crypto world. For this article, Finbold selected three assets that could hit a $50 billion market cap by 2024.</p>
 <p class="paragraph">Yet, it’s vital to acknowledge that these listed cryptocurrencies are experimental or must fulfill certain criteria for capitalization expansion. Some of them may not see this value increase fully reflected in price due to relevant supply inflation.</p>
 <p class="paragraph">While compiling this list, we assessed the projects’ core features, such as decentralization, security, practical use, and how they stack up against larger coins.</p>
 <p class="paragraph">Previously, Finbold reported on 2 low-cap cryptocurrencies to reach a $1 billion market cap in 2024 and 3 cryptocurrencies to reach a $10 billion market cap in 2024.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Buy signal for 2 oversold cryptocurrencies this week <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bullish? Bitcoin on exchanges drops to lowest in 6 years <span class="self-center text-xs text-slate-500">5 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Massive Ethereum whale stacks nearly $200M in February <span class="self-center text-xs text-slate-500">5 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Bitcoin daily chart signals massive BTC sell-off alert <span class="self-center text-xs text-slate-500">6 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-chainlink-link-could-reach-a-50-billion-market-cap"><strong>Chainlink (LINK) could reach a $50 billion market cap</strong></h2>
 <p class="paragraph">In particular, Chainlink (LINK) is a $11.77 billion market cap cryptocurrency with huge upside potential as the leading Oracle. With the growth of real-world assets in decentralized finance (DeFi), Oracle solutions might play an important role in the industry.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="103" src="https://cdn.thebittimes.com/images/2024/02/16/d0239ed6293ec2d17247bca189d3268b.webp" alt class="wp-image-155290" srcset="https://cdn.thebittimes.com/images/2024/02/16/d0239ed6293ec2d17247bca189d3268b.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/d0239ed6293ec2d17247bca189d3268b.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/d0239ed6293ec2d17247bca189d3268b.webp 768w, https://cdn.thebittimes.com/images/2024/02/16/d0239ed6293ec2d17247bca189d3268b.webp 1536w, https://cdn.thebittimes.com/images/2024/02/16/d0239ed6293ec2d17247bca189d3268b.webp 1918w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Chainlink (LINK) market cap and price data. Source: <em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">The financial titan BlackRock Inc. (NYSE: BLK) has already mentioned that tokenization has a great value for the market. Therefore, data Oracles capable of processing off-chain information from the on-chain space might benefit from this value perception.</p>
 <p class="paragraph">A run to a $50 billion market cap would result in nearly 324% capitalization gains, impacting its price. However, Chainlink’s token is known for its large yearly supply inflation of over 15%. This characteristic will diminish the capitalization surge effects on the unitary price of LINK.</p>
 <h2 class="wp-block-heading" id="strong-toncoin-ton-telegram-s-cryptocurrency-network-strong"><strong>Toncoin (TON), Telegram’s cryptocurrency network</strong></h2>
 <p class="paragraph">In the meantime, Toncoin (TON) illustrates well the growing participation of off-chain companies in the crypto landscape. This layer-1 blockchain was created in partnership with Telegram, one of the leading messaging apps in the world.</p>
 <p class="paragraph">The Open Network’s native token, TON, currently has a $7.36 billion capitalization and a unitary price of $2.23.&nbsp;</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="103" src="https://cdn.thebittimes.com/images/2024/02/16/d7ce6c51df453e8efb76d2ce4cc57a0c.webp" alt class="wp-image-155291" srcset="https://cdn.thebittimes.com/images/2024/02/16/d7ce6c51df453e8efb76d2ce4cc57a0c.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/d7ce6c51df453e8efb76d2ce4cc57a0c.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/d7ce6c51df453e8efb76d2ce4cc57a0c.webp 768w, https://cdn.thebittimes.com/images/2024/02/16/d7ce6c51df453e8efb76d2ce4cc57a0c.webp 1536w, https://cdn.thebittimes.com/images/2024/02/16/d7ce6c51df453e8efb76d2ce4cc57a0c.webp 1918w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Toncoin (TON) market cap and price data. Source: <em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">A run to a $50 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap would result in nearly 579% capitalization gains, with investment results also slowed down by an astonishing 183% yearly inflation, according to <em>CoinCodex</em>.</p>
 <p class="paragraph">Essentially, a supply increase would also increase TON’s market cap, even if the price remains the same.</p>
 <h2 class="wp-block-heading" id="strong-bitcoin-cash-bch-strong"><strong>Bitcoin Cash (BCH)</strong></h2>
 <p class="paragraph">Lastly, Bitcoin Cash (BCH) could move from its $5.29 billion capitalization to the projected $50 billion market cap. This cryptocurrency surged from a blockchain split in 2017 involving the Bitcoin network, resulting in both BCH and BTC.</p>
 <p class="paragraph">BCH lost the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> battle, with a current capitalization 200 times lower than BTC. Charles Hoskinson recently explained how centralized players might use capital to influence picking a <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency winner.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="103" src="https://cdn.thebittimes.com/images/2024/02/16/70d128b5fcda814982c204b926255c57.webp" alt class="wp-image-155292" srcset="https://cdn.thebittimes.com/images/2024/02/16/70d128b5fcda814982c204b926255c57.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/70d128b5fcda814982c204b926255c57.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/70d128b5fcda814982c204b926255c57.webp 768w, https://cdn.thebittimes.com/images/2024/02/16/70d128b5fcda814982c204b926255c57.webp 1536w, https://cdn.thebittimes.com/images/2024/02/16/70d128b5fcda814982c204b926255c57.webp 1918w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Bitcoin Cash (BCH) market cap and price data. Source: <em>CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">Nevertheless, Bitcoin Cash’s ecosystem continues to grow and innovate, besides being a more efficient medium of exchange than Bitcoin Core.</p>
 <p class="paragraph">A run to a $50 billion market cap would result in nearly 845% gains from current prices. This is supported by Bitcoin Cash’s low and predictable supply inflation of less than 1.75% per year. Additionally, this supply inflation will halve in 2024, just like BTC.</p>
 <p class="paragraph">Similar to our previous selections, these cryptocurrencies may not deliver the forecasted scenario unless they manage to acquire meaningful adoption and usage.</p>
 <p class="paragraph">All things considered, investors must always do proper risk management and research when investing in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a>.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/3-cryptocurrencies-to-reach-50-billion-market-cap-in-2024-tbt79940.html">https://thebittimes.com/3-cryptocurrencies-to-reach-50-billion-market-cap-in-2024-tbt79940.html</a></p>

3 cryptocurrencies to reach $50 billion market cap in 2024

Table of Contents

TheBitTimes

Other articles published on Feb 15, 2024

HYFI 2024 Singapore: Beyond Boundaries: Web3, AI, and the Future of Technology

Coinbase’s Rating Gets Positive Boost from JP Morgan; Crypto Bull Run Ahead?

BTC, XRP, ADA Price Analysis: What’s Next for the Cryptocurrencies?

Bitcoin Soars Beyond $52,000: Momentum Builds as Halving Approaches

Bitcoin Price Prediction:Market Rally Shows Signs of Cooling

Market Optimism Fuels Ethereum’s Push Towards $4,000; Big Investors Show Keen Interest in New Mem...

Join our free newsletter for daily crypto updates!