The Top 5 Cryptocurrencies That Have the Highest Chance of 100X this 2024.

Cryptocurrency has a lot of potential in 2024 as the market is set up for a significant bull run driven by impending events. With the upcoming halving of Bitcoin and a number of other positive developments, many experts predict that some cryptocurrencies may increase in value by half or more.
Investor interest in the cryptocurrency space is still strong, as evidenced by a number of new initiatives that are gaining traction and receiving favourable press.
The recent performance of these projects has boosted interest in other blockchain initiatives and resulted in a rise in ecosystem activity, all while yielding rewards for investors. This piece explores the most recent patterns various cryptocurrencies have shown, revealing interesting themes and possible future paths.

Bitcoin (BTC)
The price of bitcoin has risen above $52,000, and many analysts predict that it will hit $100,000 this year, marking a significant milestone that has taken sixteen years to achieve.
Given that spot Bitcoin ETFs were just approved, it is expected that institutional demand for $BTC will increase and that the imminent Bitcoin halving will reduce its supply, which will provide the ideal conditions for a significant price surge. The increase in open interest appears to be driven by investor optimism as positions in the Bitcoin market increase in both size and number.
Institutional adoption, increased interest from individual investors, and speculation about the future price trajectory of cryptocurrencies are some of the factors driving this trend.

Smog
Smog is a new player in the meme coin space that runs on the Solana network. It uses massive airdrops as a tactic to get into the meme market, giving away a whopping 490 million tokens to holders of $SMOG and active Zealy campaign participants.
Smog is now one of Solana’s largest airdrops because of this bold approach. Rather than taking the conventional presale route, Smog chooses a fair Jupiter launch to give everyone an equal chance to buy $SMOG coins right away.
Compared to many other recent cryptocurrency initiatives, Smog has an advantage due to its well-timed market debut. It exhibits remarkable price performance at introduction, with a whopping 3,000% price increase in the first three days.
With a carefully thought-out distribution plan, $SMOG’s tokenomics are centred around fairness and community benefits. A sizable percentage of tokens (35%) are set aside for airdrops, which will benefit both current users and new ones.
Furthermore, 50% is devoted to marketing initiatives, guaranteeing that $SMOG’s exposure corresponds with its growing user population. Understanding the value of both mature and developing decentralised markets, $SMOG devotes 15% of its resources to liquidity on DEXs that are already operational and those that are in the works.
Offering a 42% APY, the project’s staking approach strengthens its growing position. With its well-organised distribution strategy, community-oriented projects, and audacious growth objectives, Smog stands out as a significant player in the meme currency market and becomes a project that should be closely monitored.

Sei (SEI)
With its innovative approach, Sei shot to prominence in the cryptocurrency space quite fast. Notably, it integrated with USDC and enabled trading at a pace never before possible with negligible transaction costs.
On its second day following introduction, traders exchanged approximately $1.9 billion worth of $SEI, demonstrating high market involvement and significant growth potential. Sei just unveiled the Devnet update, a new version of its developer test network.
With this release, developers can now launch Ethereum Virtual Machine-compatible decentralised apps, or dApps. Sei is positioned as the leading decentralised derivatives exchange platform and has a positive long-term outlook.
Sei has become one of the best-performing cryptocurrencies on the market in the last week, as its price has increased by 29.75% to hit a new all-time high of $1.03. According to cryptocurrency researchers, the $SEI might increase to $1.74 by 2024 and might even hit $2.38 the next year.
The DeFi market’s growing need for derivatives and the possible network effects present in the Cosmos ecosystem could raise the price of $SEI.

SPONGEV2
When the $SPONGE coin first appeared in May 2023, many investors looking for high-yield investment options were interested. When $SPONGE was live on Uniswap, it saw an incredible rise, rising by around 4,000% and reaching a peak market capitalization of $100 million.
Investors enthusiastically embrace the additional functionality that Sponge V2 offers, which probably adds to its increased value. Stake-to-bridge, a novel token distribution technique, is introduced by the project, enabling users to stake their previous tokens for the updated version.
More than 8.4 billion tokens have been staked thus far, demonstrating the strong support this functionality has received. An outstanding annual percentage yield (APY) of more than 191% is provided to holders. Furthermore, Sponge V2 introduces a play-to-earn game (P2E) that gives users the chance to make $SPONGEV2 and increase the coin’s usefulness.
Later on, more information about Sponge V2’s P2E game will be released. However, ideas for a free and premium version are outlined in the updated whitepaper. To access the paid version and increase their cryptocurrency earnings, users will use $SPONGEV2 to buy credits.
With 26.93% going towards bridging $SPONGE, 43.09% going towards staking incentives, 10% going towards centralised exchange (CEX) liquidity, 8% going towards P2E rewards, 7.5% going towards marketing, and 4.47% going towards game development, the total supply of $SPONGEV2 is 150 billion tokens.

Ethereum (ETH)
The most valuable cryptocurrency, Ethereum, has had a significant 3.22% spike in value over the last day and is currently trading above $2,900. There are rumours going around that Ethereum might be preparing for a significant price surge, possibly aiming for the $4,000 mark, due to growing investor confidence.
Ethereum’s price stability above the resistance level of $2,435 creates a solid base for future price growth. Although the value remains stable, investors are keeping a watchful eye on any potential breakout of the $2,810 barrier, with an optimistic view aiming for $3,000.
To assess the tenacity of the current upswing, focus is also placed on crucial support levels at $2,810, $2,735, and the strongest at $2,689.