3 Altcoins Under $0.1 with the Potential to Turn $1 into $10 in 2024
Following the dramatic events after the SEC approved all the Bitcoin ETFs, the markets are finally on a bullish trajectory. Becoming a sell-the-news event due to the Grayscale’s humongous outflows, Bitcoin finally turned the tables and surpassed the market cap of Silver ETFs.
Further, from institutions’ growing interest to the coming Bitcoin Halving in April, the markets are preparing for a bull run. Amidst the upcoming bull market, finding stocks that are $0.10, preferably small cap coins, have a higher potential for a 10x growth. In simpler terms, these coins can turn $1 into $10 in this bull year.
Struggling to find such coins? Worry not. Coinpedia brings you 3 Tokens under $0.10 with the potential to turn $1 into $10 in 2024. So read our entire analysis below to find out more.
Marlin (POND)
Marlin (POND) is a cutting-edge protocol aiming to turbocharge DeFi and Web 3.0 performance with its high-speed network infrastructure. POND, its native token, is pivotal for network participation, governance, and staking for validator nodes.
Traders should note POND’s key uses: staking for network validation, governance proposal voting, and as an insurance fund in case of service breaches. Marlin’s core mission is to mesh blockchain security with Web 2.0 speed, transforming user experience in the decentralized web.
For those interested in network roles, POND is your ticket in. You can earn it through staking or converting MPOND via FlowMint, joining Marlin’s quest to redefine web performance.
Coming to the financial performance of POND, the token has increased by 124% in the past year. This rally comes in the volatile year of 2023 and reclaims the $0.020 mark from the depths of $0.0066.
Being a DeFi token and promising a high-speed network for users, the growing sector can fuel the bull run in Marlin. Hence, the coin shows the potential to give a 10x return in 2024.
Siacoin (SC)
Siacoin (SC) offers a compelling angle for traders seeking exposure to the decentralized finance (DeFi) sector. As the currency for Sia’s decentralized cloud storage, SC is at the forefront of blockchain’s practical applications.
With smart contracts ensuring secure transactions in Sia’s marketplace, SC’s role is pivotal for users participating in the network. Its staggering growth of +75,000% since its all-time low of $0.00001131 in December 2015, reflects a robust appreciation potential.
With a 158% jump in the last 365 days, the SC token price is on a high-speed recovery sprint, ready to cross the $0.01 barrier. As the 2024 bull run is picking up pace, the altcoin can reach the $0.10 mark by the end of this year.
Cronos (CRO)
Cronos (CRO) is a key player for traders focused on the intersection of blockchain technology and financial services. As the native token of the Cronos Chain, developed by the renowned Crypto.com platform, CRO underpins a broad ecosystem aimed at fostering cryptocurrency adoption worldwide.
Beyond its role in facilitating Crypto.com’s Pay mobile app transactions, CRO’s utility is set to expand across Crypto.com’s diverse product suite, promising a wider application scope in the future.
Since its all-time low of $0.01149, CRO has witnessed significant growth of +6000%, showcasing its potential as a lucrative asset for traders betting on the expansion of digital finance and crypto accessibility.
The strategic vision for CRO to serve as the cornerstone of Crypto.com’s offerings highlights its investment appeal. Especially for those looking to capitalize on cryptocurrency’s burgeoning role in enhancing financial control, privacy, and user autonomy.
Trading at $0.08214, the CRO price displays a reversal rally in motion and eyes breakout trends in the coming altcoin season.
Top 10 Hot Altcoin Picks to Buy in February!
Story Highlights
The current market shows a trend where altcoins are gaining attention due to their potential for higher returns compared to larger cryptocurrencies, driven by their increased volatility and market dynamics.
There's a growing anticipation of a bullish trend in the altcoin sector, with various coins showing signs of potential breakouts and reversals, indicating that traders are optimistic about the short-term performance of these assets.
With a history of bullish performance in February, crypto investors are starting to enter the altcoins segments to maximize their profits. As altcoins are more volatile, the upside potential is more lucrative for traders.
Amidst the highly volatile sea of altcoins, picking up the best coins can prove risky if Bitcoin takes a bearish turn. Despite the risk, the altcoins can bring multifold returns over a month.
So, are you prepared to dive into the volatile parts of altcoins? Here are the top 10 altcoins you should consider buying this month.
Ethereum Classic
With the talks of Ethereum ETF coming in May 2024, as per the expectation of Standard Chartered Bank, the close cousin Ethereum Classic has the potential to showcase much sharper moves. As a smaller cap coin, the potential for upside in Ethereum Classic is much more than Ethereum itself.
Furthermore, being a cheaper alternative than Ethereum in coin price, Ethereum Classic gets more attention. Currently, the ETC price takes lower price rejection from the 50-day EMA, which projects the likelihood of an uptrend continuation.
Furthermore, the sustenance above the 38.20% Fibonacci level at $23.24 supports the bull run probability. Hence, the upcoming uptrend can drive the ETC price to the $30 mark.
Shiba Inu
As the second biggest meme coin per market cap, Shiba Inu is well-known for sharp and quick moves of high returns on either side of the Y-axis. Further, the high anticipations of a bullish February will likely fuel a positive move in Shiba Inu.
With a falling wedge pattern in the daily chart, the declining volume within the pattern teases a breakout shortly. Moreover, the possibility of a double-bottom pattern arises for the memecoin.
Hence, with the increasing anticipations around the reversal and breakout rally, the SHIB price can give a 30% jump.
Also Read: Shiba Inu Price Prediction 2024 – 2025: Will Shiba Inu Reach $0.1 With A New Bull Run?
Chainlink (LINK)
Maintaining a sideways track, Chainlink showcases a bull run possibility with a breakout this month. As one more altcoin with the breakout possibility, the altcoins are shaping up for a bull run this month.
Solana (SOL)
Being a top performer for weeks, the bull run in Solana is finally taking a short-term pullback. However, the demand at lower levels finally led to a bullish breakout of the resistance trendline in the daily chart