Top 3 cryptocurrencies under $2 with potential to grow more than 3000% in 2024

The digital currency has recorded many twists and turns in 2023 but has heralded some rare gems that have the potential to rise more than 3,000% in 2024.

Amid a regulatory crackdown fueled by the U.S. Securities and Exchange Commission (SEC) when Named Some of the best contracts to invest in digital currencies. Despite these uncertainties, many projects have continued to build their infrastructure, preparing it for a potential equivalent trajectory when conditions become right.

As market trends point to the potential for a bull cycle, three coins, including Cardano (ADA), XRP, and Polygon (MATIC), are sub-$2 assets that have the potential to rise significantly in the future.

Here's an insight into the trends for each coin and why they have a chance to jump 3,000% in the near future.

Cardano (ADA)

Cardano is one of the most powerful smart contract networks out there, but its valuation has been below expectations. Currently, the coin is priced at $0.5981 and has a market cap of $21,198,462,839. Despite this valuation, many consider Cardano to be undervalued, a position that often sparks controversy given the massive circulating supply of Cardano currently pegged at 35,362,302,157 ADA.

Despite Cardano’s tokenism, Input Output Global (IOG), the startup that runs this protocol, has done its best to improve the blockchain on all fronts. With new product releases and regular upgrades, Cardano has become so Setting itself up for more mainstream adoption Which could ultimately boost its price.

Before the rally, Cardano has what it takes to jump 3,000% to a high of $15.9.

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XRP

As the sixth largest cryptocurrency by market cap, XRP remains one of the most viewed tokens in the industry today. Judged to be undervalued at $0.619 and $33,500,851,627 market cap, XRP's time to shine is right around the corner.

With regulatory clarity around the currency, institutions and businesses can now easily adopt the currency as a means of payment, taking advantage of its speed and low cost. Ripple Labs is already setting the pace on these matters New alliancesincluding that with Uphold, which is Designed for cross-border settlements.

As reported by The Crypto Basic, market analyst EGRAG shared his predictions for XRP targets. EGRAG stressed the importance of achieving these goals and explained why it is possible to reach the goal of $10 and above.

A 3,000% rise will take XRP to $18.57.

Polygon (MATIC)

Polygon is the second most capitalized Ethereum-based layer, with a current market price of $0.953 and capitalization of $9,137,069,186. Polygon has beaten its records by bringing more major companies like Flipkart into its ecosystem.

It also heralded the Polygon CDK, a toolkit that exchanges like OKX are now leveraging to launch their own L2 protocols. With Polygon's strong infrastructure investment and Recorded companion embracea parabolic rise is likely to occur next year.

Polygon currently trading at $0.99, a 3000% rise would take Matic to $30.