Good fundamental cryptocurrencies with lower market caps can present appealing risk-reward potential in the constantly evolving crypto ecosystem. In this article, Finbold has picked three assets that could reach $10 billion in market value in 2024.

However, it is important to understand that the following cryptocurrencies are either experimental projects or require specific conditions to grow. Specifically considering the regulatory environment.

For this list, we looked at fundamental aspects of these projects, including decentralization, security, utility, and competitive advantages against higher capitalized coins.

Monero (XMR) could reach a $10 billion market cap
In particular, Monero (XMR) is a $2.18 billion market cap cryptocurrency despite being one of the most solid projects. This is the leading native-privacy coin in the market, with an innovative, fully decentralized technology already proven over the years.
Nevertheless, Monero is facing huge regulatory pressure, resulting in over 23% losses in the last 30 days. Trading at $118.5 by press time, with a monthly volume of $3.09 billion – 50% superior to its capitalization. This recent sell-off mostly occurred after Binance’s delisting announcement.


Monero (XMR) market cap and price data. Source: CoinMarketCap

Now, Monero will go through the biggest resilience test of its history after losing the largest centralized crypto exchange. Thus, surviving through increased usage and decentralized exchange solutions could fuel the privacy coin to higher grounds in 2024.

A run to a $10 billion market cap would result in nearly 360% gains from current prices. This is supported by Monero’s low and predictable supply inflation of less than 1% per year.

On the other hand, the lack of liquidity is a huge challenge to overcome. This forecast depends on positive developments by the Monero community and user base.

THORChain (RUNE) for decentralized exchange solutions
In the meantime, THORChain (RUNE) could prove itself to be an important ally to Monero’s success in 2024. This cross-chain protocol focused on interoperability and decentralized exchange has relevant potential for the year.
The native token, RUNE, currently trades at $5.12 with a market cap of $1.74 billion. Notably, RUNE is up 12.8% in the last 30 days with a gigantic monthly volume of $11.5 billion.


THORChain (RUNE) market cap and price data. Source: CoinMarketCap
As regulatory scrutiny pressures centralized exchanges, cryptocurrency investors might start looking for alternatives on Binance and other major markets. This is when THORChain could shine and attract enough capital to grow.

A run to a $10 billion market cap would result in nearly 475% gains from the current market cap. However, RUNE is still fairly inflationary, which might affect these gains’ realization on price.

Can Maker (MKR) reach a $10 billion value?
Lastly, Maker (MKR) also shows relevant potential for a surge in 2024, considering the overall regulatory scenario. Maker is an Ethereum-based protocol that supports the decentralized and overcollateralized stablecoin DAI.

MKR is the protocol’s governance token, valued at $1.83 billion and currently priced at $1,985 per token.


Maker (MKR) market cap and price data. Source: CoinMarketCap
A run to a $10 billion market cap would result in over 465% gains from the current market cap. However, MKR is known for performing under unfavorable circumstances for other cryptocurrencies, usually surging during bear markets. Therefore, this also makes the Maker token a valuable hedge to consider.
Similar to our selection of two cryptocurrencies with the potential to reach a $1 billion market cap in 2024, these cryptocurrencies may not deliver the forecasted scenario unless they manage to acquire meaningful adoption and usage.

All things considered, investors must always do proper risk management and research when investing in the cryptocurrency market.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Wall Street sets SMCI stock price for the next 12 months

The Super Micro Computer (NASDAQ: SMCI) stock is a noteworthy performer in 2024, primarily propelled by its capitalization on the artificial intelligence (AI) revolution alongside robust financial performance.

The growth can partly be tied to the company’s ability to specialize in advanced servers and storage equipment tailored for handling the rigorous workloads of AI applications like OpenAI’s ChatGPT.

In 2024 alone, the stock has more than doubled, reaching new all-time highs, with investors contemplating the next trajectory the equity will take.

At the beginning of the year, SMCI was valued at $285, and as of the close of markets on February 9, it has demonstrated year-to-date gains of nearly 160%, trading at $740.29. This follows an exceptional 2023 performance, during which the stock surged by 246%.
Analysts offer SMCI projection
However, the meteoric rise in SMCI’s stock has introduced an element of uncertainty regarding the sustainability of the rally. Investors are monitoring the trajectory to gauge the ongoing viability of the upward trend.

In this line, according to data retrieved by Finbold on February 10 from TipRanks, six Wall Street analysts provided a 12-month projection based on SMCI’s performance over the past three months, indicating a potential downside for the equity.

The consensus among the analysts suggests an average price target of $551 for Super Micro Computer. This assessment includes a high-end forecast of $700 and a low-end estimate of $160.

The average price target reflects a -25.57% change from the stock’s last recorded price, implying an overall expectation of a decline in the stock’s value over the next 12 months.
SMCI key upside fundamentals
Although analysts are projecting a downside for SMCI in the coming months, the company possesses strong underlying fundamentals likely to spur sustained gains. Its strategic position in the AI space and key partnerships with major AI chip manufacturers, such as Nvidia (NASDAQ: NVDA) and Intel (NASDAQ: INTC), position SMCI for further growth.

The company’s hardware is specifically designed to support AI chips developed by these industry giants. SMCI’s rich clientele, including NASA, adds to its positive outlook.

The favorable landscape for the AI hardware market is noteworthy, as indicated by large technology companies, including Microsoft (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL), Meta Platforms (NASDAQ: META), and Amazon (NASDAQ: AMZN), signaling aggressive investment in AI infrastructure during the latest earnings wave. This trend positions SMCI as a potential beneficiary.

The company’s recent financial success further reinforces its positive trajectory. In the latest financial quarter (Q2 FY2024), SMCI reported remarkable success, achieving $3.66 billion in sales—a staggering 103% increase compared to the previous year. This figure notably surpassed the company’s guidance of $2.8 billion for the quarter, leading to the stock reaching new all-time highs.

The positive momentum driving SMCI’s stock is not solely based on historical performance but is also supported by optimistic financial guidance for the upcoming quarters and the entire fiscal year.
The global server market is projected to present a substantial growth opportunity for SMCI. Furthermore, Super Micro is actively expanding its production sites, aiming to increase its revenue generation capacity to more than $25 billion annually.

SMCI stock downsides
On the other hand, Super Micro, propelled by the generative AI wave, faces intense competition from industry giants like Cisco Systems (NASDAQ: CSCO), emerging players in the AI hardware market.

Its growth also hinges on partnerships with semiconductor leaders, making it a derivative bet on their success. The lack of robust patent protection and vulnerability to litigation adds risk to its business model.

Super Micro’s perceived lack of portfolio diversification further raises concerns for investors, prompting a cautious approach regarding the stock.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.