5 Small Cap Crypto Coins to Accumulate Before the Bitcoin Halving in 2024
What is the best crypto 2024? As crypto markets scour for the most promising coins for the year ahead, investors are increasingly looking to small cap crypto coins for the biggest growth opportunities before the Bitcoin Halving event – here’s a run down of the top 5.
Small cap crypto coins refer to cryptocurrency projects that offer an alluringly low market cap, this is critical for identifying opportunities for the biggest gains.
To illustrate, for an investor to make a 3x return on Bitcoin in 2024, the total Bitcoin market cap needs to grow from a whopping $862,838,295,735 (over $800bn) to an eye-watering $2,588,514,887,205 (over $2.5tn).
Whereas for an investor to make a 3x return on a micro cap such as BRC-20 based OrdiZK ($OZK), the market cap simply needs to grow from $5,260,000 to $15,780,000 – a much easier move.
However, there is a trade-off between the high growth of market caps, and the higher risk of failure amongst smaller projects.
This leaves investors targeting so-called small cap crypto coins, which offer a balance between market position and low market cap growth potential.
Kick-starting our list is the Ethereum Name Service’s token ENS, which has enjoyed a strong resurgence into 2024, growing 88.6% over the past 3-months – leaving the token on the verge of breaking into the top 100 at #136 (cryptocurrencies ranked by market cap).
ENS token is a governance token that manages the treasury of the ENS DAO, which has been established to run and govern the ENS Protocol – which is a distributed, open, and extensible naming system based on the Ethereum blockchain (ERC-20).
With a market cap of $440,626,067, ENS token would require market cap growth to just under $1.5bn to mount a 3x return.
Next on the list is
