Bitcoin is on a bearish trend and keeps struggling under significant pressure after steep losses on March 19. This downturn seems to mirror its historical performance patterns, particularly as the network gears up for a critical halving event in April 2024. However, if the halving goes as anticipated, analysts predict that Bitcoin may reach the coveted $100,000 mark and trigger a widespread rally in the altcoin sector along the way.

Currently, the crypto market waits in anticipation, with keen eyes on the influential crypto giants, following the recent Federal Reserve meeting. Amid this tense waiting period, seven emerging cryptocurrencies, each with a market capitalization under $100 million, are making remarkable strides.

Demonstrating impressive growth in early 2024, these selected tokens have already secured three-digit gains year-to-date. Moving through the year, they pave the way for investors to harvest even heftier returns in the market bracing for Bitcoin's coming monumental shift.

1. Choise.com (CHO)

CoinGecko: CHO token's year-to-date growth is over 275%

The CHO token is making headlines with its astonishing rise in early 2024. According to recent news, CHO gained more than 300% in March alone amidst circulating rumors about the supposed overhaul in tokenomics at Choise.com.

The community's interest was further fueled by an early-bird airdrop taking place on an enigmatic stub site.

The plot became even more exciting once the Choise.com founder subtly indicated that CHO holders would be able to take advantage of the company's grand entrance into the B2B space. He stressed that the work on creating viable use cases for the token in the institutional sector, holding the potential to produce $180 million in revenue, was already in progress.

So, given that the CHO token, a robust product backed by seven-year industry expertise, has historically diverged its paths with Bitcoin's collapses due to the unstoppable innovation of Choise.com, we can expect its latest rally to continue as soon as any of its cryptic updates see daylight.

2. pSTAKE Finance (PSTAKE)

CoinGecko: PSTAKE token's year-to-date growth is nearly 267%

The 200% growth in the PSTAKE token came on the heels of pSTAKE Finance's foray into DYDX liquid staking.

Recently, it was reported that dYdX, a prominent DEX powered by the DYDX token, migrated to its own app chain within the Cosmos network with the goal of making the platform more secure and decentralized. As the liquid staking protocol focused on Cosmos, pSTAKE seized the moment to cater to a vast audience of DYDX holders, enabling them to stake their tokens for USDC rewards. The best part is that it canceled traditional 30-day lock-up periods to ensure that staked assets remain liquid.

Considering that the market size of DYDX liquid staking is measured in millions of dollars, pSTAKE and its native token can flourish quite well. But PSTAKE's path to success is overshadowed by its extremely high volatility and yearly inflation rates. Not to mention that early investors in the token are yet to see any profits, as highlighted by major crypto aggregators.

3. HOPR (HOPR)

CoinGecko: HOPR token's year-to-date growth is roughly 225%

HOPR soared 140%, probably spurred by Bitcoin's renewal of its all-time high in early March. As there were no significant updates from the company during the subsequent market turmoil, it would be fair to assume that the token's price dynamics were driven by general market movements rather than any product upgrades.

In this context, it's worth noting that the HOPR protocol doesn't have its own blockchain, which implies that its node runners use Gnosis Chain and Ethereum mainnet for earning.

The dependence on speculative market trends is then reaffirmed by the token's weekly retracement, which mirrored Bitcoin's plunge. Surprisingly, the HOPR community remains enthusiastic, as evidenced by the "fear and greed" index showing "greed."

However, despite the token's year-to-date performance adding a degree of hope to its medium-term trajectory, one should pay attention to HOPR's undisclosed circulating supply and declining trading volumes. Usually, diminishing trading activity that contrasts sharply with the token's surging value indicates suspicious activity aimed at creating an artificial investor demand.

4. Boson Protocol (BOSON)

CoinGecko: BOSON token's year-to-date growth is almost 199%

Earlier in March, the team behind Boson Protocol published its updated roadmap, based on the idea of intensified crypto adoption in the dCommerce domain. Its fresh view seemed to resonate with the project's community, as reflected by the following 70% increase in BOSON, the token used to govern the protocol.

This monthly growth contributed significantly to BOSON's year-to-date performance, marked by a persuasive 199% rally.

Right now, Boson is subject to increased market attention as its technological innovation allows for the transformation of actual goods and services into virtual items with the help of so-called "redeemable NFTs." In this way, the protocol facilitates your digital shopping experience while making crypto more applicable in the real world.

But investment in BOSON comes with its own set of challenges. Namely, the token is not available on any reputable crypto exchange and cannot be purchased with fiat currencies. These are favorable conditions for those willing to pump the asset for the sake of their own interests.

5. Goldfinch (GFI)

CoinGecko: GFI token's year-to-date growth exceeds 160%

Since Blackrock announced the launch of its first tokenized fund on Ethereum, Goldfinch and its governance token, GFI, seem to be riding the wave of overall excitement.

The project has even emerged as one of the most standout performers in the DeFi realm, having together amassed over $326 million in active loans.

Meanwhile, GFI has more than doubled in value since the start of the year as investors rushed to explore assets that were relative to the growing trend of tokenizing Real-World Assets (RWAs).

But there is a catch. Currently, only a quarter of GFI tokens are introduced to the market. For seasoned investors, this serves as a signal of limited liquidity that typically triggers unexpected volatility. These fluctuations are actually a double-edged sword, meaning that you can count on quick profits, but you can lose them just as fast, too.

6. Cere Network (CERE)

CoinGecko: CERE token's year-to-date growth is more than 150%

On March 8, the General Assembly (GA) of the Cere DAO went live and allegedly encouraged the price of the CERE token to cement its 30% monthly gains.

By giving more power and control over the project's development to CERE holders through the GA, Cere Network laid a solid foundation for the future prosperity of its governance token.

The company operates in the business sector, ensuring the privacy and safety of all corporate data. This is exactly what makes Cere Network appealing right now, as more and more institutional clients are tapping into the bursting world of blockchain and cryptocurrency.

But as with BOSON, the absence of CERE on prominent trading platforms raises concerns about its fair market value and supply-demand ratio. Moreover, regardless of its impressive year-to-date ROI, the token demonstrates negative performance compared to its ICO offering - a problem that we have already identified in the case of PSTAKE.

7. Sipher (SIPHER)

CoinGecko: SIPHER token's year-to-date growth surpasses 110%

The year-to-date rise of SIPHER is likely a delayed testament to the much-anticipated arrival of the closed alpha phase of its underlying blockchain-based game, Sipher, in September 2023.

Since then, select owners of in-game NFTs who have stayed loyal to the project throughout its development have been eligible to playtest the Sipher environment and share their feedback with the creators.

SIPHER probably followed the market upturn, winning from Bitcoin's record-breaking rally. Though the token has turned bearish since then, it is still possible that SIPHER will enter bullish territory again should the OG-crypto explode post-halving.

Yet, if you consider adding this token to your portfolio, remember that SIPHER lacks all three crucial components we have discussed talking about other tokens from the list: transparent information about the circulating supply, a solid presence on crypto exchanges, and fiat-to-crypto infrastructure.

FAQ: What Every Investor Needs to Know About Small-Cap Tokens with High Potential

Too long to read? Embark on all the necessary information in this FAQ section, providing short but informative answers to the most common questions.

What is a small-cap cryptocurrency?

A small-cap cryptocurrency is an umbrella term for all crypto assets whose market capitalization is less than $100,000.

Which small-cap cryptocurrencies boast the potential to achieve three-digit gains in the 2024 market?

Based on their spectacular year-to-date performances, Choise.com (CHO), pSTAKE Finance (PSTAKE), HOPR (HOPR), Boson Protocol (BOSON), Goldfinch (GFI), Cere Network (CERE), and Sipher (SIPHER) hold the highest potential for substantial returns in the ever-changing crypto market.

Are the price dynamics of these reviewed tokens closely tied to Bitcoin's market moves?

The analysis of the media landscape shows that the performance of tokens like HOPR and SIPHER depends more on the latest market trends than on fundamental changes in the development of their parent companies. PSTAKE, BOSON, GFI, and CERE get a necessary impetus from product updates, but there are significant external factors that pose threats to their trajectories. In this context, CHO stands out as the token that repeatedly defeats market adversities, thanks to the global improvements within its underlying ecosystem.

How can I make the most of my investment in high-potential, small-cap tokens?

It's always a good idea to participate in marketing activities initiated by such projects. For example, through airdrops, you can grab a share of valuable tokens for free. As such, you automatically maximize potential returns, projected to enrich your wallet as early as the next market cycle.

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