Amid recent market turbulence, certain digital assets are showing strong potential for growth in the near term. Despite the broader market’s stagnation, specific altcoins are demonstrating resilience and significant potential.
Two such assets likely to attract considerable capital inflows by the end of 2024, propelling them closer to the $1 billion market cap milestone, are Fantom (FTM) and Helium (HNT).
Fantom is currently trading at $0.3417 with a market cap of approximately $958 million. Although it faced a challenging Q2, its year-over-year growth remains strong, with its market cap still 94% higher compared to Q2 2023.
Recent strategic initiatives, including the Ecosystem Vault and Gas Monetization program, could reignite growth as on-chain activity picks up. A significant reduction in Fantom’s transaction fee burn rate from 30% to 5%, along with the reallocation of these funds, is expected to stimulate more network activity, boosting revenue and token demand.
Helium has shown remarkable resilience with a market cap nearing $970 million. Its unique role as a pioneer in decentralized physical infrastructure networks (DePIN) has fueled its recent growth, particularly through partnerships with traditional carriers and an expanding physical infrastructure that now includes nearly 16,000 hotspots.
Helium’s adoption rate has accelerated rapidly, with over 108,000 subscribers on its unlimited plan, reflecting a robust growth phase. This expanding user base, along with strong customer retention and new revenue streams from mobile carrier collaborations, suggests that Helium’s upward trajectory is likely to continue.
Both Fantom and Helium are on promising trajectories toward achieving a $1 billion market cap by the end of 2024. Investors should closely monitor these projects as they continue to develop and potentially reach new milestones.
Source: https://finbold.com/2-cryptocurrencies-to-reach-1-billion-market-cap-by-the-end-of-2024/