5 Penny Cryptocurrencies with Potential to Reach $1 by 2024
Identifying promising investments in the rapidly expanding world of cryptocurrency can yield significant benefits. Amidst market fluctuations, penny cryptocurrencies have gained prominence, with experts predicting several may reach $1 by 2024. Navigating the vast array of options can be challenging, but here are five coins worth considering:
1. Artemis (ARTMS)
- Current Price: $0.00115
- Market Cap: Presale with 1000x Potential
Artemis (ARTMS) is the native token of the Artemis crypto project, which combines blockchain technology, decentralized finance, and innovative market solutions to provide a secure user experience. ARTMS offers unique features such as staking, rewards, lending, earning, and yield farming, while ensuring secure and simplified transactions. It can also be used for services like freelancing, legal advice, and healthcare appointments. With aspirations to compete with Amazon and eBay, Artemis unveiled its Artemis Crypto Framework, connecting users, buyers, sellers, and professionals for seamless transactions. ARTMS has been listed in 5 CEX Listings and continues to be listed on top-tier Exchanges.
2. Tron (TRX)
- Current Price: $0.12
- Market Cap: $9.04 billion
TRON is a prominent blockchain network that supports smart contracts, integrates with stablecoin exchanges, and enables the development of Dapps. By offering various value-added applications within its ecosystem, TRX encourages users to participate in activities such as staking, voting, and contributing to the network.
Despite its affordable price point, TRON's weekly and monthly charts exhibit consistent bullish patterns. Its partnership with Huawei Cloud's Nearby Enterprise Service (NES) demonstrates TRON's commitment to reshaping Web3 and streamlining blockchain operations.
3. Shiba Inu (SHIB)
- Current Price: $0.0000141
- Market Cap: $5.46 billion
Shiba Inu, with a market capitalization of $5.44 billion, is the seventeenth largest cryptocurrency and the second largest meme coin. Initially perceived as a meme token, the coin's community and developers have worked diligently to establish its utility beyond mere speculation. They have unveiled ambitious plans for a Shiba Inu-based metaverse and introduced features like yield farming, NFTs, and DeFi protocols. Shibdentity, a new set of digital identities for the upcoming Shibarium layer-2 network, will anchor Shib's virtual journey. With over 1.35 million wallet addresses, SHIB's value has the potential to appreciate, potentially reaching the $0.1 mark.
4. Astar (ASTR)
- Current Price: $0.05715
- Market Cap: $1.02 billion
Astar, a Japanese blockchain platform, has witnessed significant growth in its market capitalization to $1.02 billion, driven by its native token ASTR. Despite facing a record low in June 2023, the token ended the year up by nearly 250% against its initial value, outperforming 89% of the top 100 coins. Over the past few days, it has recorded an impressive 67% success rate with 20 consecutive positive price movements.
The Astar team is actively developing new platform features and collaborations, with over 60 partners contributing to the expansion of the Astar Network. Partnered teams have introduced new products and integrations across areas such as consumer staking, gaming, NFT art, and Web3 security, which may drive further demand and price appreciation for Astar.
5. Dogecoin (DOGE)
- Current Price: $0.08127
- Market Cap: $11.61 billion
Dogecoin has emerged as a prominent cryptocurrency, surpassing expectations with a market capitalization of $11.61 billion. Initially starting as an internet meme, Dogecoin is valued at $0.08126 at the time of writing. Its journey towards the $1 mark has been marked by volatility, market corrections, and unwavering community support.
Elon Musk's announcement of "X," a revolutionary app set to transform digital payments, has reignited Dogecoin's growth potential. Musk's endorsement of a Payments account for his company triggered a brief surge in DOGE price, highlighting the influence of market sentiment on its trajectory.
Conclusion
Within the dynamic realm of cryptocurrencies, these five tokens—Artemis, TRON, Shiba Inu, Astar, and Dogecoin—present promising opportunities to potentially reach the $1 mark by 2024. Investors considering low-value cryptocurrencies have much to ponder. The ongoing Artemis Crypto Presale offers an exciting prospect for further exploration.