Next Crypto To Hit $1 in 2024: Top 10 Options

Thinking of a good way to maximize the coming bull market? Investing in projects below the $1 mark is a good strategy, especially projects with good market cap. The projects in this list are all within the top 100 cryptocurrencies by market cap, and are some of the best cryptos under $1. These projects have potential to offer significant returns as a little increase in price could result in good profit. Let’s get to our list. 

VeChain is one of the projects with the potential to hit $1 thanks to its strong use cases fundamentals, and growing adoption across different industries. Primarily, VeChain the project helps improve supply chain management and business processes, providing a safe and transparent way to track products from production to delivery.

VeChain’s services come in handy in industries where tracking transparency is of high priority such as food and pharmaceuticals. For example, VeChain uses smart chips to prevent fake items for luxury brands. It also employs IoT sensors to track food items during transportation. As detailed in the VeChain Whitepaper, it relies on VeChainThor, a layer 1 blockchain that serves as a scalable platform for businesses to build decentralized applications (Dapps).

VeChain has the potential to hit $1. It hit a new all time high of $0.2782 in the 2021 bull market. And we could see a repeat of that in the coming bull market. Asides its strong potential, VeChain also has a strong market presence. It has established successful partnerships with companies such as BMW, DNV GL, Walmart China, PWC, LVMH, and Groupe Renault. These partnerships boost its credibility and showcase its useability across industries. At its current price, VeChain would need to hit over 30x to reach the $1 mark.

Dogecoin is up over 60% in the last 1 year, meaning it’s back in the good books of crypto investors. But the big question is can Dogecoin hit $1? Every investor knows that Dogecoin is one of the top memecoin to be purchased in 2024 with high potential. If memecoins will ever be more than they are, then it’s all starting with Dogecoin.

That’s a good reason to stay hopeful that DOGE could join the $1 train. Check this out: Dogecoin is the 8-largest cryptocurrency by market cap. That’s all thanks to its strong community on the official Dogecoin X Channel, Discord group, and favorable market trends.

Dogecoin first started as a joke in 2013 but has since grown into one of the top cryptocurrencies with growing use cases. There are rumors that investors could use DOGE to pay for ads on X. Dogecoin’s potential as a medium of payment is one of the reasons we believe it could hit $1. Although memecoins mostly ride on hype, Dogecoin’s evolving real-world utility creates actual value to drive its price. Dogecoin would need to climb over 7x to reach $1 at its current price. Let’s consider some factors why that is possible.

Next on our list is Cardano, a blockchain platform focused on creating a stable and scalable infrastructure for developers to build and execute decentralized applications and smart contracts. Cardano differentiates itself from other blockchain platforms with its research-driven approach and a strong focus on academic methods.

There are several reasons why Cardano could hit the $1 mark. First, Cardano has a strong technological foundation. As mentioned in the Cardano’s Whitepaper, its layered architecture and unique PoS consensus mechanism provide a robust and scalable foundation for future growth. It also places a strong emphasis on security and efficiency, making it an attractive platform for developers to build on. So, more developer activity on Cardano would affect the price of ADA.

Next, Cardano’s expanding ecosystem could possibly drive it to the $1 mark.  There’s been increased network activity on Cardano, showing increased adoption. Data from DefiLlama places the blockchain’s Total Value Locked (TVL) at $191.71 million. Although this figure is considerably far from its all-time high of $470 million back in March, there’s a lot of activities that would get things up.

Cardano’s stablecoin market is also on the rise, and is currently at $15.6 million. As more DeFi, and Dapps launch and gain traction on Cardano, the demand for ADA would likely increase, driving up ADA’s value. Furthermore, Cardano has several strategic partnerships with organizations and governments around the world along with a strong community on Cardano X platform. For example, Cardano has partnered with the Ethiopian government to launch a blockchain-based student and teacher identification system. These partnerships seek to drive adoption and provide real-world use cases for Cardano.

Polygon is one of the popular Ethereum scaling solutions and a popular cryptocurrency. As demand for efficient, scalable and cost-effective blockchain platforms increases, Polygon’s innovative solution, strong ecosystem, partnerships positions as a candidate to reach the $1 mark.

The coming bull market is a good reason to expect Polygon to hit new heights and possibly cross the $1 line. Polygon’s all-time high of $2.92 came during the last bull market. Although Polygon is more than 80% far from its best price, there are signs that things are turning around for the scaling platform. For example, Polygon recently surpassed Bitcoin and Solana in NFT sales.

We expect to see increased developer activity on Polygon as the bull market approaches. Polygon addresses Ethereum’s scalability issues and is known for its speed and low cost. As the need for efficient and low-cost transactions increases, we could see more projects adopt Polygon, helping it reach the $1 mark. As per the Polygon’s Whitepaper, the platform has a robust ecosystem. It supports a wide range of dApps, DeFi projects, and NFTs. Major platforms like Aave, SushiSwap, and OpenSea have integrated with Polygon, bringing their user bases and transaction volumes to the network. As more projects integrate with Polygon, we could see an increase in its utility and demand, driving up the value of MATIC.

Mantle is one of the blockchain projects with a solid infrastructure. Mantle is one of the top Layer 2 crypto project that operates on the Ethereum chain. This means Mantle’s users and developers can profit from Ethereum’s security. Mantle was one of the trending topics of the blockchain when it launched in 2023. Fees on Mantle are 80% cheaper than they are on Ethereum.

In addition, Mantle can achieve a transaction throughput  of 500 transactions per second which is 20 times greater than Ethereum’s 25 transactions per second.

Mantle is also EVM-compatible, meaning it can interact with the Ethereum ecosystem. This makes it more attractive for developers. Mantle currently competes with the likes of Arbitrum and Optimism with its strong community on X platform with over 770K+ followers. However, despite being a new project, Mantle already ranks within the top 50 cryptocurrencies by market cap, reflecting its strength. In addition, it hit a new all time high of $1.51 in April this year before climbing down.

Fantom is a scalable smart contract platform for DeFi, enterprise and crypto apps. Fantom’s core focus is to improve transaction speed. Fantom’s unique architecture is one of its biggest appeals. Fantom uses a unique consensus mechanism known as Lachesis, which is an asynchronous Byzantine Fault Tolerant (aBFT) consensus algorithm.

This technology enables Fantom to achieve near-instant finality. This simply means that Fantom can confirm transactions in seconds. In addition, Fantom can also process thousands of transactions per second. This high performance makes Fantom an attractive choice for developers and businesses looking for efficient and scalable blockchain solutions.

Fantom’s all time high of $3.48 came during the last bull run. However, Fantom’s price has crashed by over 80% since then. But the big question is can it get to $1, and possibly surpass its ATH? Yes, Fantom has the right fundamentals for a bounce back. As claimed in Fantom’s Whitepaper, Fantom has a robust DeFi ecosystem. These projects position Fantom as an innovative platform. Their ecosystem includes decentralized exchanges (DEXs), lending and borrowing platforms, and synthetic asset protocols. The success and expansion of these DeFi projects could drive demand for the Fantom token (FTM), and also increase its value.

Algorand is a top blockchain designed to be secure, scalable and decentralized. It uses a unique Pure Proof-of-Stake (PPoS) consensus mechanism, which supports fast and secure transactions while maintaining decentralization. This technology also enables Algorand to process transactions in seconds. Algorand’s ability to process large transactions make it a top payment-focused network.

Algorand also supports a wide range of applications, from DeFi and supply chain management to digital identity and asset tokenization. A strong part of Algorand’s appeal is its versatility which enables it to attract a diverse set of projects, increasing its utility and adoption. So, as more developers there’ll be an increased demand for ALGO, which could cause a price appreciation.

Algorand hit $3.28, its all-time high in 2019. The huge question is “is ALGO past its best? And can it reach $1? According to Algorand’s Whitepaper, it has the right fundamentals, ecosystem, and community to regain traction and reach $1. A good reason to predict Algorand’s climb to $1 is its role in the future of finance. Algorand has secured interest from financial organizations and governments around the world, as well as academic circles. Algorand’s features make it a good platform for financial applications such as cross-border payments, lending and borrowing protocols, stablecoins and central bank digital currencies (CBDCs).

Starknet is an Ethereum layer 2 scaling solution that uses zero-knowledge proofs to provide high transaction throughput and reduced fees. Starknet’s use cases run across DeFi and beyond. It supports a wide range of decentralized apps, gaming, and NFT platforms. This versatility attracts diverse developers, creating more demand for STRK tokens. As more dApps are built on Starknet, the ecosystem grows, driving up token usage and value.

Starknet reached an all time high of $3.66 in February 2024. However, the project has struggled to maintain network activities and has lost over 87% of its value. But can Starknet bounce back from its decline? The project has the right fundamentals and team to ensure it stays competitive and valuable. Starknet’s recently shared plans as per their GitHub documentation, to support artificial intelligence (AI) agents on its blockchain. These AI agents can autonomously perform on-chain activities for users, such as yield optimization and re-allocating their portfolios.

Stellar is one of the oldest blockchain platforms with over 750K+ followers on X platform to discuss regular updates and future developments. It is a decentralized platform that facilitates low-cost transactions. Stellar aims to bridge the gap between traditional financial institutions and digital currencies. Its core mission is to promote financial inclusion and smooth cross border transactions. Stellar has huge similarities with Ripple. However, Ripple focuses on allowing financial institutions to move money, Stellar’s mission is to serve the unbanked. 

Can Stellar reach $1? Although the XLM coin has never crossed that $1 mark, we believe this is possible under the right conditions. Stellar’s use cases and application makes it valuable within and outside Web3. In addition, Stellar is also well-positioned to play a role in the future of finance. As more people warm up to Web3 payment facilitators like Ripple and Stellar, we could likely see XLM break out and reach the $1 price.

Our final coin takes us to the AI crypto market. Projects blending AI and blockchain are currently in high demand, and will enjoy the spotlight in the next bull run. The Graph is a decentralized protocol for indexing and querying data from blockchains and considered as one of the top AI crypto coins. In simple terms, The Graph makes it easier for developers to access and use blockchain data in their applications. It uses its native token, GRT, to incentivize and reward participants who contribute to the network’s operations. As per The Graph’s Whitepaper, developers can easily query data without relying on centralized middlemen. This makes data easily available and reliable.

Can The Graph reach the $1 line? Yes, it can. Its previous all time high of $2.88 came during the last bull run. While it has lost over 90% of that value, it wouldn’t be surprising to see it bounce back once market sentiment improves. There are lots of reasons to predict this. First, lots of developers rely on The Graph’s data querying services. DeFi protocols, for example, rely on this service for real-time data retrieval for price feeds, liquidity pools, and transaction histories.

Projects like Uniswap, Aave, and Synthetix use The Graph to power their user interfaces and analytics. Furthermore, NFT platforms rely on The Graph to index and query metadata associated with NFTs. This includes information about ownership, transaction history, and attributes of NFTs. So, The Graph has  solid use cases within the crypto space. Let’s look at some other reasons why it can reach $1.

There are several factors that determine a coin’s potential to hit $1. Understanding these factors can help investors make smart decisions and access the potentials of a project before investing. Here are some of the factors: 

1. Market Capitalization and Supply

A project’s market capitalization and supply play huge roles in deciding how much value it can attain. We calculate market capitalization by multiplying the current price of a coin by its total circulating supply. Here’s why this is important: Coins with a low circulating supply have a higher chance of reaching $1 because each coin represents a larger share of the total market cap. Conversely, coins with a huge supply may require significant market cap growth to hit $1, making it more challenging. Market cap also influences investor sentiment and perception of a project. Investors often see projects with higher market cap as having high demand and potential. Crypto projects with lower values are easily affected by market volatility. 

2. Utility and Use Cases

There’s a saying that a “worthless coin goes nowhere.” This simply means a coin without clear and strong use cases would struggle to appreciate in price. A project’s utility and use cases can greatly affect its potential to reach $1. Projects with real-world applications such as empowering decentralized applications, supporting smart contracts, facilitating cross-border payments, are more likely to gain higher adoption. And more adoption translates to higher value for the coin. 

3. Technology and Innovation

The underlying technology behind a coin plays a crucial role in deciding how far  it goes in terms of price. Projects with advanced technology that offer security, scalability, and efficiency can attract more users and developers. For example, projects using the proof-of-stake (POS) consensus mechanism or zero-knowledge proof often provide significant advantages over older technologies. This boosts investors confidence and can lead to price appreciation. 

4. Adoption Rate

Projects with high network activities and adoption rates are more likely to reach the $1 mark faster. As more projects, and developers use a platform, its network becomes more valuable. So, increased adoption often leads to more demand and liquidity which translates to higher value for the coin. Projects that successfully build a strong community are more likely to achieve milestones like reaching $1.

5. Strategic Partnerships and Interactions

Partnerships and integrations often increase a project’s appeal. Partnerships often improve a project’s credibility and utility. Projects that collaborate with top financial institutions, governments, and other blockchain projects often expand their reach and application. Strong partnerships often lead to increased visibility, adoption and higher prices. 

6. Market Trends and Sentiment

Emotions play a huge role in how far a coin can go. Projects tend to perform stronger and hit their goals if market sentiments are good. For example, it is easier for projects to reach $1 in a bull run than in a bear market. Bullish sentiment can drive prices up. Similarly, negative news or regulatory concerns can push a coin down.

Determining the crypto with the most potential to reach  $1 would involve analyzing their adoption rates, recent updates, market conditions, community support, partnerships, and current price. Based on these factors, Mantle, Polygon and Cardano are most likely to reach $1 in 2024 if market conditions improve.

Dogecoin is the best meme coin with the most potential to hit $1. Aside from being the largest meme coin by market cap, Dogecoin has more utility than most meme coins. Some of its use cases include being used for payment as well as donations. In addition, Dogecoin has an active community on social media, helping the project to stay in the spotlight. Dogecoin has also secured the attention of several celebrities and influencers such as Elon Musk. These factors among many others positions Dogecoin as a memecoin with the potential to reach $1.

Hitting $1 is a major milestone for any cryptocurrency. This article highlighted ten cryptocurrency with  the potential to reach $1. We also gave reasons why these projects can hit the $1 milestone. However, cryptocurrencies are volatile assets. So it’s important to understand the risks involved in crypto investments and identify the coins that suit your market needs.