Introduction
These are my top 10 altcoins to 10x or more in 2024, spanning and covering everything from crypto AI to crypto gaming to DeFi plus a ton more. For those of you who don’t know who I am, last cycle I started with $0, and I built up some money doing some side hustles. This included things like selling things around my house. I flipped things on Facebook Marketplace, did some photography, and ran Google ads, Pinterest ads, and Facebook ads.
I did all the ads and then I was able to turn the money that I made from those side hustles into over a million dollars investing into crypto. I was able to hold on to a good chunk of that, not all of it. I didn’t time the top perfectly; I tried to time the top perfectly but kind of screwed that part up. But I got pretty close, decently close to the top, was able to sell off the majority of that and hold on to the majority of that throughout the bear market. Then I went all in with every single dime I owned.
I took all of that capital, took every cent in my bank account (pretty much besides the equity in my house), took everything I owned and threw it into the crypto markets about a week from the exact bottom of the market in late 2022. Since then, I’ve obviously done really well. I’ve had a few crypto projects that have already done a 20x since then and just the overall market has gone up quite a bit since then.
On top of that, I’ve been able to make over $100,000 just from farming airdrops as a full-time job. What I do is invest in crypto, pay for a ton of different research, pay for a ton of different newsletters and different things in the crypto space, and produce a lot of my own research as well. I also don’t do any sponsored content,
I don’t accept any sort of payment to promote new crypto projects. I make the vast majority of my income by actually investing in the crypto markets, not by running a media business and selling ad space like the majority of content creators do. I even currently don’t do any VC deals, I don’t do any seed deals, and I make my money investing in the same liquid markets that everyone else like you is investing in. Okay, enough about me, let’s get into it.
1. Across
First up is Across. Across is a settlement layer for cross-chain intents. This is kind of a complex and confusing topic to dive into, so I’ll try to make it as simple as I can. Basically, right now, a big issue is that it’s really hard to move between different blockchains. We have multiple friction points from the costs of moving between chains; sometimes it can be really expensive.
Just the time it takes to move between different chains can take anywhere from 5 minutes to 30 minutes depending on what bridge you’re using and what you’re moving between. Across aims to solve this using what’s called cross-chain intents. This makes it so that for you, the user, you can move between chains in literally seconds and that it’s as cheap as physically possible. This tackles a small piece of what’s called the interoperability problem in the crypto space today.
Blockchains are all separate; they’re like all these little separate networks. I believe in the future blockchains will all be connected, sort of like their own little internet. This is going to open up a ton of different use cases within the crypto space that we just don’t have access to today. Across is made up of three different pieces: the Across Bridge, Across Plus, and Across Settlement. The bridge is a normal crypto bridge but using intents, so it’s a lot cheaper, a lot faster, and a lot more secure.
Across Plus is bridge abstraction, so apps can plug into Across and do cross-chain transactions for the user without the user ever even having to bridge or knowing that funds are being bridged in the background. Across Settlement is the settlement layer for intents. Intents are essentially cross-chain limit orders that are fulfilled by what’s called relayers, and these relayers fulfill those orders with their own capital. The settlement layer basically just verifies those fulfillments and then pays back the relayers.
Across is just $33 million in market cap today, so it’s really tiny. I think most people vastly misunderstand what Across is; they stick it into the category of bridges when it really doesn’t fit in that category as it’s so much more than just a bridge. I think when the market catches up to that, we’re going to see some decent price appreciation in the Across token.
2. Immutable (IMX Token)
The second crypto that I think could 10x or more in 2024 is Immutable or the IMX token. It’s a crypto gaming play and, in my opinion, like the Bitcoin of crypto gaming tokens. I think this one is an easy 10x or more this cycle. I do have a hard time saying for sure by the end of 2024 though, just because the price appreciation for the IMX token is so dependent on crypto gaming as a narrative really taking off, and that’s going to require some of these crypto games to take off.
I feel really confident that at some point this cycle will see it take off, but I don’t know if it’s going to be by the end of 2024 or if it might bleed into a little bit of 2025. But I think it could do a 10x and potentially a lot more by the end of the cycle. Immutable is just a little over $3 billion in market cap today with a good chunk of those tokens being held by Immutable and only released onto the market via performance grants that most of the time have vesting periods.
3. Frax Share (FXS)
Third up is Frax Share or FXS. FXS is a stablecoin play, as in they’re an issuer of their own stablecoin called Frax. They also do a ton more, including having their own liquid staked version of ETH, their own bridge, their own lending market, and their own layer 2 network. All these different pieces are primarily used just to support the Frax stablecoin. So they’re like different pieces of the puzzle that make the Frax stablecoin more performative, more liquid, and allow more value to flow into it. Stablecoins are maybe the clearest product market fit in all of crypto, and they are money printing machines literally and figuratively. I’ve already said this in like a million other blog, and I know you guys are probably getting annoyed with me saying this, but it blows my mind.
Stablecoins are literally the 16th largest holder of US treasuries on the planet. They hold more treasuries than some countries like Australia and South Korea. Protocols like Maker make over $190 million annually in profits. Tether makes over $2 billion in revenue a quarter. Like I said, stablecoins are money printing machines. Some people, especially newer people in the crypto space, get confused when I’m talking about stablecoins. They think that I’m talking about investing in a stablecoin, which wouldn’t make any sense obviously because they stay stable. What I’m talking about is the FXS token.
The FXS token, the Frax Share token, is like the governance token for the stablecoin Frax. So there’s the FXS token and then there’s the Frax token. The Frax token is the stablecoin; the FXS token is not a stablecoin, and it typically accrues value the more that the Frax stablecoin grows. So the bigger the Frax stablecoin grows, the more people that hold the Frax stablecoin, and the more it’s used widely in the crypto space, the bigger and the higher in price the FXS token tends to go.
To dive a little bit more into Frax, the stablecoin currently has a yield of 45%. That means you can take Frax, which is essentially like holding US dollars, stake it, and earn 45% on just holding US dollars, which sounds absurdly insane. I know red flags are probably going up for some of you guys because you’re like, “Whoa, where’s all this yield coming from?” This is the insane part: all of that yield is real yield. It comes from real-world assets and the protocol’s revenue. Remember I talked about Tether making $2 billion a quarter, Maker making all this money? Well, Frax passes on its revenue to people that stake the Frax token.
This is a way to incentivize more people to hold Frax instead of USDC or DAI and to stake it because why would you want to hold these other stablecoins when Tether doesn’t pay you anything to hold it? Zero yield is passed on to Tether holders. Even some of these other ones that maybe pay you 5% to hold them, why would you do that when you could hold Frax and get 45%? I believe having such a huge and crazy yield is going to lead more people to hold Frax and stake it, switch from other stablecoins to holding Frax and then staking that Frax to earn this crazy amount of yield. Like many projects I’m going to talk about today, I think there’s a market perception problem when it comes to Frax. It used to be an algorithmic stablecoin, kind of similar to UST, not quite but kind of, where it wasn’t fully backed. It isn’t anymore. Today it is a fully backed stablecoin. For every dollar of Frax, there’s a dollar of value backing it. That’s real value; it doesn’t come
from some convoluted crazy algorithm. I think once people kind of realize that, we’re going to see the FXS token do really really well and grow a lot in price, just like I believe we’re going to see the stablecoin grow a lot in the future.
4. Marlin (POND)
Fourth up is Marlin, and the ticker for Marlin is POND. Marlin is probably the easiest 10x on this list, in my opinion. It’s one of the most, if not the most, asymmetric bets in crypto right now. Marlin is working on what’s called MEV-aware block propagation, which essentially aims to tackle the MEV problem. For those of you that aren’t familiar with MEV, it stands for maximum extractable value. Basically, it refers to all of the value that’s extracted on every transaction on a blockchain. A good analogy for this would be front-running and how market makers on the stock market essentially front-run traders.
MEV is essentially the value that’s extracted by block producers that front-run transactions on a blockchain. This is like a massive problem in the crypto space right now. It’s like the “Dark Side of DeFi” because there’s all this value that’s being extracted off of every transaction and there’s no way to mitigate it right now. I could get super technical with this and explain how it all works, but the basic gist is that Marlin is solving this by introducing what’s called MEV-aware block propagation.
It’s essentially a mechanism to reduce the amount of value that’s extracted on every transaction on a blockchain, making DeFi more efficient, making the user experience way better, and overall reducing the amount of value that’s extracted out of the DeFi ecosystem. The Marlin protocol is really undervalued right now. It’s got a market cap of only around $30 million, which is absurdly low for a project that’s tackling such a massive problem. I think we’re going to see the price of the POND token absolutely explode in the next bull run. It’s one of my favorite asymmetric bets in crypto right now.
5. Synthetix (SNX)
Fifth on the list is Synthetix or the SNX token. Synthetix is a decentralized synthetic asset protocol. It essentially allows you to create synthetic assets that track the price of real-world assets. For example, you could create a synthetic asset that tracks the price of gold or a synthetic asset that tracks the price of Tesla stock. Synthetix has been around for a while; it’s a pretty well-known project in the DeFi space. It’s had its ups and downs, but I think it’s really undervalued right now.
The SNX token is sitting at a market cap of around $300 million, which is really low for a project that has such a strong use case and has been around for so long. I think we’re going to see a lot of growth in the synthetic asset space in the next bull run, and Synthetix is going to be one of the main beneficiaries of that growth. The SNX token is also one of the best-performing tokens in the last bull run, and I think it’s going to do really well in the next one as well.
6. LTO Network (LTO)
Sixth on the list is LTO Network, and the ticker for LTO Network is LTO. LTO Network is a hybrid blockchain that combines the best of both public and private blockchains. It allows businesses to use blockchain technology in a way that is compliant with regulations and is also private and secure. LTO Network is already being used by a lot of big companies and governments in Europe, and I think we’re going to see a lot more adoption in the next few years.
The LTO token is sitting at a market cap of around $50 million, which is really low for a project that has such a strong use case and is already being used by big companies and governments. I think we’re going to see the price of the LTO token absolutely explode in the next bull run. It’s one of my favorite projects in the hybrid blockchain space.
7. Ethernity Chain (ERN)
Seventh on the list is Ethernity Chain, and the ticker for Ethernity Chain is ERN. Ethernity Chain is a decentralized platform for authenticated NFTs. It allows creators to create NFTs that are authenticated and verified, which makes them more valuable and trustworthy. Ethernity Chain has already partnered with a lot of big names in the entertainment and sports industries, and I think we’re going to see a lot more partnerships in the next few years.
The ERN token is sitting at a market cap of around $50 million, which is really low for a project that has such strong partnerships and such a strong use case. I think we’re going to see the price of the ERN token absolutely explode in the next bull run. It’s one of my favorite projects in the NFT space.
8. Boson Protocol (BOSON)
Eighth on the list is Boson Protocol, and the ticker for Boson Protocol is BOSON. Boson Protocol is a decentralized commerce protocol that allows you to exchange physical goods for digital value. It’s essentially a decentralized version of Amazon or eBay. Boson Protocol has a lot of potential use cases, from supply chain management to e-commerce to DeFi. The BOSON token is sitting at a market cap of around $50 million, which is really low for a project that has such a strong use case and so much potential. I think we’re going to see the price of the BOSON token absolutely explode in the next bull run. It’s one of my favorite projects in the decentralized commerce space.
9. Chain Guardians (CGG)
Ninth on the list is Chain Guardians, and the ticker for Chain Guardians is CGG. Chain Guardians is a decentralized gaming ecosystem that combines blockchain technology with traditional gaming. It allows gamers to earn rewards and NFTs by playing games and participating in the ecosystem. Chain Guardians has a lot of potential use cases, from gaming to DeFi to NFTs. The CGG token is sitting at a market cap of around $10 million, which is really low for a project that has such a strong use case and so much potential. I think we’re going to see the price of the CGG token absolutely explode in the next bull run. It’s one of my favorite projects in the decentralized gaming space.
10. OpenDAO (SOS)
Tenth on the list is OpenDAO, and the ticker for OpenDAO is SOS. OpenDAO is a decentralized autonomous organization that aims to bring liquidity to the NFT space. It allows NFT holders to stake their NFTs and earn rewards in the form of SOS tokens. OpenDAO has a lot of potential use cases, from DeFi to NFTs to DAOs. The SOS token is sitting at a market cap of around $50 million, which is really low for a project that has such a strong use case and so much potential. I think we’re going to see the price of the SOS token absolutely explode in the next bull run. It’s one of my favorite projects in the NFT space.
Conclusion
These are my top 10 altcoins to 10x or more in 2024. Remember, investing in crypto is risky, and you should always do your own research before investing in any project. That being said, I think these 10 projects have a lot of potential and are worth keeping an eye on in the next bull run.
