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Cryptocurrency News Articles
The Next Kaspa? These 3 Altcoins Are Gearing Up for 100x Gains In 2024
Aug 19, 2024 at 08:00 pm
A few days ago, my good friend asked me – which altcoins are the ones with the biggest gains and technicals this bull run? I didn’t have any doubt – it's Kaspa.
Fresh off the heels of Kaspa’s astronomical 100x gains, crypto enthusiasts are eagerly searching for the next hidden gem poised for a similar trajectory. While Kaspa’s success is exceptional, it might not be the best choice for investors seeking 100x gains due to its current market capitalization of $4 billion.
However, several promising altcoins are still available at a fraction of Kaspa’s market cap, presenting an opportunity for massive gains. Here are 3 altcoins to consider.
Alephium (ALPH) is a next-generation Layer 1 blockchain that aims to address the scalability trilemma, promising to handle 100,000 transactions per second (TPS) while maintaining decentralization and security. Alph is currently trading at around $0.0009 with a market cap of $130 million, making it one of the most undervalued projects relative to its potential.
At a 400x distance from Kaspa’s market cap and 100x from its price, ALPH could 100x if it can capture a significant portion of the Layer 1 market. Alephium is a strong contender for this role, given its technical capabilities and focus on solving real problems.
PandaWorld (PADW) is a meme coin that aims to create a fun and engaging ecosystem centered around six panda siblings. The project combines elements of gaming, entertainment, and meme culture to engage a diverse audience.
At the heart of PandaWorld is the PADW token, which serves multiple functions within the ecosystem, including being the main currency for games and other activities. Players can earn PADW by participating in games and use it for various purposes, such as acquiring in-game items, staking for benefits, or covering transaction fees.
Currently, PADW is available through a presale, with a starting price of $0.00015. The project has already raised over $100,000 and aims to sell a total of 100 billion tokens.
At a distance of 250,000x from Kaspa’s market cap and 100x from its price, PADW could 100x if it can build a successful gaming and entertainment platform and attract a large user base. Meme coins are known for their volatility and community-driven nature. Still, some projects, like Dogecoin and Shiba Inu, have managed to sustain high market capitalizations.
LayerZero (ZRO) is a protocol that aims to enable omnichain interoperability, allowing decentralized applications (dApps) to communicate and interact across different blockchains.
LayerZero is designed to facilitate seamless cross-chain interactions by enabling dApps to send messages, perform transactions, and move assets between blockchains. The protocol achieves this through a network of Ultra Light Nodes (ULNs), which are smart contracts deployed on different blockchains.
These ULNs are responsible for validating messages and transactions, collecting proofs, and relaying them to the destination blockchain. The use of ULNs allows LayerZero to operate independently of the specific blockchains, enabling omnichain interoperability.
Currently, ZRO is trading at around $0.008 with a market cap of $340 million. At a distance of 100x from Kaspa’s market cap and 100x from its price, ZRO could 100x if it becomes the standard for cross-chain communication.
LayerZero is already integrated with several prominent blockchains and has a strong team and community behind it.
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