Three Undervalued Cryptocurrencies Under $2 That Could Skyrocket in 2024
The cryptocurrency market is full of opportunities for investors who are looking for high returns and long-term growth. However, not all cryptocurrencies are created equal, and some of them are more promising than others. In this article, we will introduce you to three undervalued cryptocurrencies that are trading under $2 and have the potential to increase by 20 times or more by 2024. By: Your Name November 9, 2023
Table of Contents
- Harmony (ONE)
- VeChain (VET)
- Zilliqa (ZIL)
Cryptocurrencies are digital assets that use cryptography to secure transactions and control the creation of new units. They operate on decentralized networks that are powered by blockchain technology, which is a system of distributed ledgers that records and verifies transactions. Cryptocurrencies offer various benefits, such as transparency, immutability, privacy, and efficiency. However, they also face various challenges, such as volatility, complexity, scalability, and regulation.
Harmony (ONE)
Harmony is a blockchain platform that aims to achieve scalability, security, and interoperability. It uses a sharding technique that divides the network into smaller groups of nodes, each of which can process transactions in parallel. It also uses a proof-of-stake consensus mechanism that rewards validators for securing the network. Harmony supports smart contracts, decentralized applications, and cross-chain communication. It has partnerships with major players in the crypto industry, such as Binance, Huobi, and Chainlink.
Harmony is currently trading at $0.23, with a market cap of $2.3 billion. It has a circulating supply of 10 billion ONE and a total supply of 12.6 billion ONE. It has a high potential for growth, as it aims to solve the scalability problem of blockchain and enable mass adoption. Harmony has a roadmap that includes launching bridges to Ethereum and Bitcoin, integrating with DeFi protocols, and expanding its ecosystem. Harmony could reach $5 by 2024, which would represent a 20x increase from its current price.
VeChain (VET)
VeChain is a blockchain platform that focuses on supply chain management and business processes. It uses a two-token system that consists of VeChain Token (VET) and VeChainThor Energy (VTHO). VET is used as a store of value and to pay for transactions, while VTHO is used as a gas fee to power smart contracts and applications. VeChain leverages the Internet of Things (IoT) and RFID technology to track and verify products and services across various industries, such as food, healthcare, logistics, and automotive.
VeChain is currently trading at $0.12, with a market cap of $7.8 billion. It has a circulating supply of 64.3 billion VET and a total supply of 86.7 billion VET. It has a strong potential for growth, as it aims to create a transparent and efficient supply chain system and improve the quality and safety of products and services. VeChain has partnerships with leading enterprises, such as Walmart, BMW, DNV GL, and PwC. VeChain could reach $2.5 by 2024, which would represent a 20x increase from its current price.
Zilliqa (ZIL)
Zilliqa is a blockchain platform that also uses a sharding technique to achieve scalability, security, and efficiency. It uses a hybrid consensus mechanism that combines proof-of-work and practical Byzantine fault tolerance (pBFT). It also supports smart contracts, decentralized applications, and tokenization. Zilliqa has its own programming language, called Scilla, which is designed to be secure and easy to use. Zilliqa has a focus on developing solutions for the digital advertising, gaming, and entertainment sectors.
Zilliqa is currently trading at $0.08, with a market cap of $1 billion. It has a circulating supply of 11.8 billion ZIL and a total supply of 21 billion ZIL. It has a bright potential for growth, as it aims to provide a scalable and secure platform for innovation and value creation. Zilliqa has partnerships with prominent players in the crypto space, such as Chainlink, Aqilliz, and Switcheo. Zilliqa could reach $1.6 by 2024, which would represent a 20x increase from its current price.
These are three undervalued cryptocurrencies that are trading under $2 and have the potential to skyrocket in 2024. They are based on solid blockchain technology, have strong use cases, and have established partnerships. They are also supported by active and passionate communities. If you are looking for long-term investments in the crypto market, you might want to consider adding these coins to your portfolio. However, as always, do your own research before investing, and never invest more than you can afford to lose. Follow us on Twitter, Facebook, and Telegram for the latest news and insights on the crypto space.
