Next Crypto to Hit $1 in 2024: Top 10 Options

Next Crypto to Hit $1 in 2024: Top 10 Options

Have you ever wondered which cryptocurrency might be the next to cross the $1 milestone? If so, this article is here to guide you. Imagine investing in a coin just before it skyrockets, akin to uncovering hidden treasure. The projects we’re examining are all within the top 100 cryptocurrencies by market cap, positioning them as strong candidates to reach this benchmark.

Cryptos That Could Hit $1

Here’s our curated list of cryptocurrencies that could be the next to hit $1, based on their fundamentals, market potential, and growing adoption:

• VeChain ($VET): Streamlining the supply chain industry through blockchain.
• Dogecoin ($DOGE): The pioneer memecoin with growing real-world utility.
• Cardano ($ADA): A robust blockchain known for its stability and scalability.
• Polygon ($MATIC): A leading Ethereum scaling solution offering low-cost transactions.
• Mantle ($MNT): A modern Layer 2 solution for faster and cheaper transactions.
• Fantom ($FTM): A high-speed blockchain tailored for DeFi and dApps.
• Algorand ($ALGO): A secure and scalable blockchain solution with strong partnerships.
• Starknet ($STRK): An advanced Layer 2 platform for Ethereum.
• Stellar ($XLM): Bridging traditional finance and blockchain for low-cost global payments.
• The Graph ($GRT): Powering blockchain data indexing and retrieval.

Next Coins to Hit $1 Reviewed

Investing in cryptos under $1 with strong fundamentals is a proven strategy, especially in anticipation of a bull market. All the projects listed here are within the top 100 by market cap, and each has unique use cases and market potential to justify their inclusion.

VeChain ($VET): Best Crypto That Could Hit $1

VeChain is designed to revolutionize supply chain management and business processes. Using blockchain technology, it ensures safe, transparent tracking from production to delivery.

For industries like food, pharmaceuticals, and luxury goods, VeChain’s smart chips and IoT sensors provide a reliable way to combat counterfeiting and ensure quality control. Its scalable Layer 1 blockchain, VeChainThor, supports decentralized application (dApp) development, broadening its utility.

Market Potential:
VeChain achieved an all-time high of $0.2782 in 2021, and with its strong fundamentals, it could repeat or surpass this feat in the next bull market. Notable partnerships with BMW, Walmart China, PWC, and Groupe Renault underscore its adoption.

Why Choose VeChain?

• Active development team consistently improving the platform.
• Dual-token system (VET and VTHO) enhancing ecosystem efficiency.
• Partnerships with top companies boost credibility and adoption.

Dogecoin ($DOGE): Best Meme Coin to Hit $1

As the original memecoin, Dogecoin has transcended its joke origins to become a widely recognized cryptocurrency. With endorsements from Elon Musk and potential integration as a payment option for ads on X (formerly Twitter), DOGE has vast utility.

Market Potential:
Dogecoin currently needs to grow over 7x to reach $1, a feat achievable in a bull market given its strong community and mainstream support.

Why Choose Dogecoin?

• Massive celebrity endorsements, including Elon Musk.
• Strong, active community support on platforms like Reddit and X.
• Growing real-world applications as a medium of payment.

Cardano ($ADA): Stable and Scalable Blockchain

Cardano stands out for its research-driven approach and a robust PoS consensus mechanism. Its layered architecture ensures scalability, security, and efficiency, making it a favorite among developers.

Market Potential:
With a growing DeFi ecosystem, strategic partnerships (e.g., the Ethiopian government), and real-world use cases, Cardano’s ADA token could easily cross the $1 mark.

Why Choose Cardano?

• Ongoing upgrades like the Chang Hard Fork enhance decentralization.
• Partnerships with global organizations bolster adoption.
• Limited supply of 45 billion ADA could drive price appreciation.

Polygon ($MATIC): A Leading Ethereum Scaling Solution

Polygon addresses Ethereum’s scalability challenges by offering a fast, low-cost platform. With integrations into major DeFi projects like Aave and SushiSwap, Polygon’s ecosystem continues to grow.

Market Potential:
MATIC’s all-time high of $2.92 during the last bull market shows its potential. Increased developer activity and strong DeFi adoption could drive it past $1.

Why Choose Polygon?

• Growing DeFi ecosystem and NFT integration.
• Interoperability across multiple blockchains.

Mantle ($MNT): Emerging Layer 2 Project

Mantle is a cost-effective and scalable Layer 2 solution built on Ethereum. Its transaction fees are 80% lower than Ethereum’s, and its EVM compatibility makes it an attractive choice for developers.

Market Potential:
Although a newer project, Mantle’s fundamentals and adoption rates position it as a strong contender to regain its $1+ all-time high.

Why Choose Mantle?

• High demand for Layer 2 solutions.
• Competitive positioning alongside Arbitrum and Optimism.

What Determines a Crypto’s Potential to Hit $1?

Several factors influence whether a coin can reach $1:

1. Market Capitalization and Supply
2. Utility and Use Cases
3. Technology and Innovation
4. Adoption Rates
5. Strategic Partnerships
6. Market Trends and Sentiment

Conclusion

Reaching $1 is a significant milestone for any cryptocurrency. Projects like Mantle, Polygon, and Cardano are well-positioned to achieve this goal in 2024, given their fundamentals and market conditions. For memecoins, Dogecoin remains the best candidate due to its strong community and growing utility.

However, it’s essential to remember that crypto investments come with risks. Always conduct thorough research before making investment decisions.