As the oldest cryptocurrency in existence, Bitcoin (BTC) has set a benchmark for the entire crypto industry. Be it popularity or adoption, Bitcoin leads in nearly every metric. With a market capitalization of over $1.4 trillion, BTC wields considerable influence in the crypto market.
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In the second quarter of 2024, NFT Finance (NFTFN), VeChain (VET), FLOKI, Pepe (PEPE) and XRP, have emerged as promising altcoins. As per crypto pundits, these five altcoins could follow Bitcoin’s footsteps in terms of popularity and growth.
FLOKI
With a market capitalization of $1.8 billion, FLOKI is the fifth largest memecoin in the crypto market. Apart from its meme-worthiness, FLOKI also boasts an active ecosystem that includes FlokiFi (DeFi Products), FlokiPlaces (NFT Marketplace), and the Floki University (Crypto Education Platform). At the time of writing, FLOKI was trading at $0.00019, with a daily trading volume of $165 million.
Pepe (PEPE)
In a memecoin sector that is mostly dominated by dog-themed memecoins, PEPE stands out with its “Pepe The Frog” mascot. By leveraging the cultural significance of memes and harnessing the power of social media trends, PEPE has reached a market capitalization of over $2.7 billion, making it the fourth largest memecoin. In 2024, PEPE gained a whopping 441%, taking its price to as high as $0.0000099.
NFT Finance (NFTFN)
NFTFN is a leader in the web3 fintech space that has emerged as one of the most lucrative altcoins of 2024. Backed by the likes of Polygon and Chingari Nailwal, NFTFN boasts partnerships with industry titans like Google Cloud and OpenSea. Investors are currently lining up to participate in NFTFN’s ongoing presale, where the tokens are available for just $0.03. NFTFN’s compelling growth prospects and sound fundamentals position it for a significant surge.
VeChain (VET)
VeChain’s blockchain platform offers transparent tracking and verification for products in every stage of their supply chain. This platform leverages the power of Internet of Things (IoT) to ensure the authenticity of products, effectively tackling counterfeiting and enhancing trust in supply chains. VeChain has carved a niche for itself in the rapidly growing supply chain management market, which is projected to reach a whopping $45 billion over the next three years.
XRP
XRP plays a key role in the Ripple ecosystem, which encompasses RippleNet and the XRP Ledger. By facilitating billions of dollars worth of cross-border transactions on a daily basis, XRP has emerged as a considerable threat to traditional banking procedures. Ripple’s partnerships with major financial institutions like Bank of America and PNC Bank have been instrumental in driving XRP’s adoption.
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