Have you ever thought about which coin might be the next to reach $1? That’s what we’re exploring in this article. Imagine getting in early before these coins take off. It could be like finding a hidden gem. All the coins on our list are among the top 100 cryptocurrencies by market cap, so they’re likely to make big moves toward hitting $1.
1. VeChain ($VET): Top Cryptocurrency Set to Reach $1
VeChain is a promising project that could reach $1, thanks to its solid use cases, strong fundamentals, and growing adoption across various industries. The project enhances supply chain management and business processes by offering a secure and transparent way to track products from production to delivery.
VeChain is particularly valuable in industries where transparency is crucial, such as food and pharmaceuticals. For instance, it uses smart chips to prevent counterfeit goods in luxury brands and IoT sensors to monitor food during transport. According to the VeChain Whitepaper, the project relies on VeChainThor, a layer 1 blockchain that provides a scalable platform for decentralized applications (Dapps).
VeChain has previously reached an all-time high of $0.2782 during the 2021 bull market, and a similar surge could happen in the next bull market. Besides its potential, VeChain has a strong market presence with partnerships with BMW, DNV GL, Walmart China, PWC, LVMH, and Groupe Renault. These collaborations enhance its credibility and demonstrate its utility across different sectors. At its current price, VeChain would need to increase more than 30 times to hit the $1 mark.
Symbol | VET |
Current price | $0.02729 |
Market cap | $2,209,007,100 |
Total supply | 85,985,041,177 |
Where to buy | Binance, Coinbase, Gate.io, Kucoin, Bitget and 30+ exchanges |
Why Did We Choose VeChain?
- Active Development Team: The VeChain team is consistently working to enhance the platform, ensuring it remains competitive in the market.
- Dual Token System: VeChain’s use of two tokens, VET and VTHO, could boost its push toward the $1 mark. This system supports the platform’s functionality and growth.
- Carbon Credit Marketplace: VeChain’s involvement in the carbon credit market may drive higher demand for VET as companies seek to manage their carbon footprints.
- Strong Partnerships: Collaborations with top companies enhance VeChain’s visibility and credibility, demonstrating its value in industries such as healthcare and logistics.
2. Dogecoin ($DOGE): Leading Meme Coin with $1 Potential
Dogecoin has risen over 60% in the past year, making it a favorite among crypto investors once again. But the big question remains: Can Dogecoin reach $1? Known as one of the top memecoins to buy in 2024, Dogecoin has strong potential. If memecoins are ever to become more than just a trend, Dogecoin is leading the way.
This is why there’s hope that DOGE could reach the $1 mark. Currently, Dogecoin is the 8th largest cryptocurrency by market cap, thanks to its dedicated community on the official Dogecoin X Channel, Discord group, and positive market trends.
Originally launched as a joke in 2013, Dogecoin has evolved into one of the leading cryptocurrencies with growing use cases. There are even rumors that DOGE might be used to pay for ads on X. This potential as a payment method is one reason many believe Dogecoin could hit $1. While memecoins often rely on hype, Dogecoin’s increasing real-world utility adds genuine value that could drive its price up. For Dogecoin to reach $1 from its current price, it would need to grow over seven times. Let’s explore some factors that make this possible.
Symbol | DOGE |
Current price | $0.1296 |
Market cap | $18.83B |
Total supply | 145.32B DOGE |
Where to buy | Binance, Coinbase, Bybit, Kucoin, OKX, MEXC and 20+ exchanges |
Why Did We Choose Dogecoin?
- Influential Endorsements: High-profile figures such as Elon Musk impact DOGE’s price with their public remarks and tweets.
- Potential for Growth: Dogecoin could reach the $1 mark as the crypto market matures, attracting investors seeking alternatives to Bitcoin and Ethereum.
- Active Community: A large and engaged community on platforms like X and Reddit supports and drives Dogecoin’s visibility.
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3. Cardano ($ADA): Leading Cryptocurrency with $1 Potential for Stability and Scalability
Next on our list is Cardano, a blockchain platform dedicated to providing a stable and scalable infrastructure for decentralized applications and smart contracts. Cardano stands out with its research-driven approach and strong emphasis on academic methods.
Here are some reasons why Cardano might reach the $1 mark. Firstly, Cardano boasts a solid technological foundation. According to its Whitepaper, its layered architecture and unique Proof-of-Stake (PoS) consensus mechanism offer a strong and scalable base for future growth. Additionally, Cardano’s focus on security and efficiency makes it an appealing choice for developers. Increased developer activity on Cardano could positively impact the price of ADA.
Next, Cardano’s growing ecosystem might help it reach the $1 mark. Recent data shows increased network activity on Cardano, indicating rising adoption. According to DefiLlama, the blockchain’s Total Value Locked (TVL) is $191.71 million. While this is a significant drop from its all-time high of $470 million in March, there are many activities expected to boost this figure.
Cardano’s stablecoin market is also growing, currently at $15.6 million. As more decentralized finance (DeFi) projects and decentralized applications (DApps) launch and gain popularity on Cardano, the demand for ADA is likely to increase, potentially raising its value. Additionally, Cardano has formed several strategic partnerships with organizations and governments globally, including a notable collaboration with the Ethiopian government to implement a blockchain-based system for student and teacher identification. These partnerships aim to drive adoption and create real-world use cases for Cardano.
Symbol | ADA |
Current price | $0.4078 |
Market cap | $14,631,684,430 |
Total supply | 37,089,410,846 ADA tokens |
Where to buy | Binance, Coinbase, OKX, Bybit, Bitget and 15+ exchanges |
Why Did We Choose Cardano?
- Chang Hard Fork Upgrade: This upgrade will transition Cardano to a community-governed chain, enhancing decentralization and potentially improving performance and user attraction.
- Real-World Applications: Partnerships with organizations like IBM and the Ethiopian government demonstrate Cardano’s practical uses, which could boost adoption and demand for ADA.
- Limited Supply: With a capped supply of 45 billion ADA, the potential for increased value rises if demand grows, as scarcity can drive up the price.
4. Polygon ($MATIC): Leading Layer 2 Solution with Premier Partnerships
Polygon is a leading Ethereum scaling solution and a well-known cryptocurrency. With the rising demand for scalable, efficient, and cost-effective blockchain platforms, Polygon’s innovative approach, strong ecosystem, and strategic partnerships make it a strong candidate for reaching the $1 mark.
The anticipated bull market could push Polygon to new heights, potentially surpassing the $1 threshold. Polygon’s all-time high of $2.92 was achieved during the last bull market. While it is currently more than 80% below that peak, there are positive signs of recovery. For instance, Polygon recently outpaced Bitcoin and Solana in NFT sales.
As the bull market approaches, we can expect increased developer activity on Polygon. The platform addresses Ethereum’s scalability issues and is known for its speed and low transaction costs. As the demand for efficient transactions grows, more projects may choose Polygon, which could drive its value toward $1.
According to Polygon’s Whitepaper, the platform boasts a robust ecosystem that supports a wide range of decentralized applications (dApps), DeFi projects, and NFTs. Major platforms like Aave, SushiSwap, and OpenSea have integrated with Polygon, bringing more users and transaction volumes to the network. As more projects join Polygon, its utility and demand could increase, boosting the value of MATIC.
Symbol | MATIC |
Current price | $0.5146 |
Market cap | $5,095,672,108 |
Total supply | 10,000,000,000 MATIC tokens |
Where to buy | Upbit, Coinbase, Binance, Bybit, and 15 other exchanges |
Why Did We Choose Polygon?
- Growing DeFi Ecosystem: Polygon’s expanding ecosystem sees increasing adoption of its scaling solutions by various DeFi projects.
- Focus on Interoperability: Polygon’s ability to connect with multiple blockchain networks enhances its appeal to developers, potentially impacting the price of MATIC.
- Favorable Market Trends: The rise in interest for DeFi, NFTs, and scalable blockchain solutions aligns with Polygon’s strengths, supporting its growth potential.
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5. Starknet ($STRK): Promising New Layer-2 Scaling Solution
Starknet is an Ethereum layer 2 scaling solution that leverages zero-knowledge proofs to offer high transaction throughput and lower fees. It supports a variety of use cases, including decentralized finance (DeFi), gaming, and NFTs. This versatility attracts a broad range of developers, increasing demand for STRK tokens. As more decentralized apps (dApps) are developed on Starknet, its ecosystem expands, potentially boosting token usage and value.
Starknet reached an all-time high of $3.66 in February 2024. However, it has since struggled with network activity and has lost over 87% of its value. Despite this decline, Starknet has the fundamental strengths and team needed to remain competitive. Recently, Starknet announced plans, detailed in their GitHub documentation, to support artificial intelligence (AI) agents on its blockchain. These AI agents are designed to autonomously handle on-chain activities for users, such as yield optimization and portfolio reallocation, which could enhance Starknet’s value and utility.
Symbol | STRK |
Current price | $0.5219 |
Market cap | $758,325,886 |
Total supply | 10,000,000,000 STRK tokens |
Where to buy | Binance, OKX, Coinbase, Bybit, Kraken, Bitifinex, HTX, and 20+ exchanges |
Why Did We Choose Starknet?
- Bull Market Anticipation: With expectations of a bull market in 2024, improved market sentiment could lead to price appreciation for projects like Starknet with strong fundamentals, potentially pushing its value to $1.
- Demand for Layer 2 Solutions: The increasing interest in layer 2 scaling solutions from investors and developers could drive up demand for Starknet and boost the STRK token.