9 Best Cryptocurrencies to Watch in 2024 – Can an Undervalued Token Make the Next Cycle 10X?
As the cryptocurrency market prepares for the next bull cycle expected in 2024, investors are looking for promising tokens capable of explosive growth.
In this article, we take a look at nine overlooked tokens that demonstrate real utility and impressive fundamentals that could soon multiply it tenfold.
1. Bitcoin Minetrix (BTCMTX)
The first is Bitcoin Minetrix (BTCMTX), which aims to address the shortcomings of the traditional cloud mining sector and make it more inclusive.
Bitcoin Minetrix is built on the Ethereum blockchain and is currently in pre-sale phase, having raised over $4.5 million to date.
Bitcoin Minetrix seeks to open up BTC mining to the public by introducing the Stake-to-Mine concept, which could be key ahead of the halving in 2024.
In addition, Bitcoin Minetrix includes a staking protocol that offers annual returns of 132% as of this writing.
Early investors can purchase BTCMTX tokens for $0.0119 at bitcoinminetrix.com.
2. Meme Combat (MK)
Meme Kombat (MK) is a blockchain-based gaming platform that combines meme culture and battle arena.
The project aims to create an engaging gaming experience by leveraging AI technology to create fun battles that users can bet on using MK.
MK is the native token of the Meme Kombat ecosystem, used to pay battle rewards within the platform’s high-yield staking protocol.
Meme Kombat garnered a lot of attention for its unique concept and gained a growing Twitter following. Increased to over 9,100.
Early investors can purchase MK tokens through the pre-sale for just $0.214 at this stage.
3. Bitcoin ETF Token (BTCETF)
Bitcoin ETF Token (BTCETF) is a cryptocurrency project that aims to capitalize on the expected acceptance of spot Bitcoin ETFs in the US market.
The project’s unique tokenomics model adapts to real-world events surrounding the ongoing ETF approval process.
This model is a deflationary model with a burn mechanism that reduces the total token supply by 5% each time a certain milestone is achieved.
Additionally, BTCETF will impose a 5% sales tax on transactions at launch, further increasing the total burn amount.
The Bitcoin ETF token has already created quite a buzz within the cryptocurrency community, and investors can purchase BTCETF for $0.005 during the pre-sale phase, which is currently underway.
4. TG. Casino (TGC)
TG.Casino (TGC) is another project that could grow 10x in the next bull cycle.
It is a Telegram-based casino that offers a variety of reward features, including KYC-free betting and a staking protocol for TGC, the native token of the ecosystem.
Additionally, TG.Casino has a buyback and burn mechanism to repurchase TGC tokens on the open market.
40% of these repurchased tokens are burned, creating a deflationary effect that can improve the value of the tokens over time.
TG.Casino’s pre-sale has now raised over $3.1 million, and potential investors can purchase TGC tokens for $0.17 at this stage.
5. Chainlink (LINK)
Chainlink (LINK), the current leader in blockchain oracle services, provides secure and reliable data feeds to DApps.
Even though the amount of value captured by DeFi protocols continues to increase, many believe that the LINK token is still undervalued compared to its actual utility.
The future looks bright for this project as there are many potential markets that Chainlink can address, such as CCIP Readiness.
Additionally, LINK is still trading 72% below its 2021 all-time high. This means that interested investors can still acquire tokens at a discounted price.
6. Illuvium (ILV)
Illuvium (ILV) is another token that investors may want to keep an eye on in 2024, considering it is one of the most popular blockchain gaming ecosystems developed to date.
It delivers an incredible open-world RPG experience on the Ethereum blockchain, allowing players to capture and battle unique NFT creatures called Illuvials.
Boasting AAA graphics and auto-battle combat, Illuvium has established itself as a standout project in the cryptocurrency gaming space.
As adoption continues to grow, ILV could remain an attractive 10x investment in 2024 and beyond.
7. BLUR
Blur (BLUR) is one of the fastest-growing NFT marketplaces and offers advanced trading tools to help traders optimize their returns.
By integrating leading markets like OpenSea and providing real-time analytics, Blur allows users to profit by executing instantaneous arbitrage opportunities.
Despite raising millions of dollars from venture capital firms, many still believe Blur is undervalued given its first-mover advantage in multiple market consolidation.
The BLUR token is trading around $0.512, but has surged more than 110% in the past month, garnering growing interest from investors.
8. Carbon Browser (CSIX)
Carbon Browser (CSIX), the first Web3 browser with built-in crypto capabilities, aims to bring DeFi, NFTs, and the metaverse to the mainstream.
Carbon’s innovative model of allowing users to earn rewards for their searches will encourage users around the world to adopt Web3 tools.
Despite raising more than $600,000 in initial funding, CSIX still has a tiny fully diluted market capitalization of $87 million.
As the team looks to launch a mobile app and partner with the Metaverse project, Carbon Browser is positioned as a potential 10x cryptocurrency for 2024.
9. Cold Stack (CLS)
Lastly, Coldstack (CLS) is a decentralized cloud storage aggregator that simplifies access to storage networks like Filecoin.
Coldstack allows users to maintain control over their data by tokenizing files into NFTs and optimizing storage costs through AI.
Despite integrations with major chains such as Ethereum and Polkadot, CLS has a market cap of only $353,000, with a fully diluted market cap of $11.8 million.
With many people becoming increasingly concerned about data privacy, Coldstack’s groundbreaking features position it as another low-cost gem worth keeping an eye on in the coming weeks.