Cryptocurrencies are in a bull market, led by the dominating Bitcoin (BTC), with over $1.1 trillion in capitalization. With such a strong momentum, smaller projects could experience a 10 times increase in market cap in 2024.
Essentially, the market cap is calculated by multiplying the last traded price of an asset with its circulating supply. Therefore, a price or a circulating supply increase – through inflation – can cause the capitalization to surge. The combination of both is powerful, triggering massive market cap increases.
However, if the circulating supply has the protagonism, the price gains may lag behind, not rewarding investors proportionally.
In this context, Finbold gathered three potential cryptocurrencies for a 10 times market cap increase in 2024. The following selection will list the projects from the lowest to the highest current market cap.
Can Nano (XNO) see a 10x price increase in 2024?
First, there is Nano (XNO), a $165.19 million capitalization
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