For those looking to add risk, here are three small-cap cryptos to consider loading up on
We may just be in the early stages of a new crypto bull run. I strongly believe Bitcoin (BTC-USD) will surpass its all-time high by the end of 2024, with several catalysts aligning in its favor. As I’ve written over the past year, three key events could spark tremendous growth: Bitcoin exchange-traded funds (ETFs), the Bitcoin halving later in 2024, and interest rate cuts.
While ETFs have already seen billions in capital flows, the upcoming Bitcoin halving and rate cuts are yet to come. When tightly limited Bitcoin supply meets increasing demand, prices tend to skyrocket. And that type of hype could lift speculative altcoins even higher in a bull run.
So, if you invest wisely, certain small cryptos have huge upside potential. Here are three to consider right now.
ChainGPT (CGPT-USD)
Source: Shutterstock
Unlike many other crypto AI projects that are mostly hype-driven, ChainGPT (CGPT-USD) actually provides functional AI offerings tailored to crypto. These include its own chatbot, a Telegram bot, an AI NFT generator, an AI-based news generator, and more. Simply put, ChainGPT seems well-positioned to rise with the tide if AI keeps gaining steam as predicted, given its array of crypto-focused AI features.
Some particularly interesting features this project provides are AI-based trading, a Solidity smart contract generator, and an auditor. As AI continues making waves in 2024 and beyond, these types of practical AI tools could be in high demand. And with crypto still early in mainstream adoption, first-mover differentiated projects like ChainGPT stand to capture significant market share.
If appropriately executed, this project’s solid tech and real-world use cases could propel its valuation much higher in 2024 and beyond. The AI hype has made inroads into the crypto sphere, and AI projects have been surging. ChainGPT has been going exponential since the start of the year, and it recently hit a new high of 37 cents, driven by a surge in total value locked (TVL) on the network to more than $50 million. I believe this token can deliver multi-bagger returns once alt coin season begins in earnest.
GT Protocol (GTAI-USD)
Source: Shutterstock
GT Protocol (GTAI-USD) is another AI crypto that I have very high hopes for in the coming months. It has almost doubled over the past week before cooling off slightly, and I think buying some more can be a smart idea before the next leg higher.
I believe the AI hype in the crypto space is just the tip of the iceberg, and once altcoins start delivering strong gains, AI cryptos will be at the forefront of this trend. Not only that, but I also have strong convictions with respect to the DeFi space.
What makes me very bullish about GT Protocol is that it intersects both AI and DeFi. GT Protocol is a revolutionary Web 3.0 AI execution technology that provides an all-in-one conversational AI interface for engaging with CeFi, DeFi, and NFT crypto markets. It offers features like AI portfolio management, algorithmic auto-trading, crypto onboarding, and even AI-assisted shopping with cash back paid out in GTAI tokens.
With that in mind, I think GTAI has promising potential going forward. Both AI projects in this article are ones I’ve previously written about months before, so my long-term conviction in these cryptos remains strong.
Kima Finance (KIMA-USD)
Source: kentoh/Shutterstock
Kima Finance (KIMA-USD) is a decentralized, blockchain-based money transfer protocol that settles inter-chain transactions. This project enables seamless transfers between blockchains and fiat currencies directly within apps. Kima unites DeFi and TradFi by offering low-cost crypto-fiat swaps and high yields to liquidity providers. It prioritizes efficient liquidity management and eliminates technical vulnerabilities.
This project is still in its very early stages. That means getting in now before major exchanges start listing it is a good idea. We’ve seen other DeFi projects soar in recent months, continuing to climb to new highs. These DeFi projects will likely surge even higher as transaction volumes exponentially increase in the coming bull market.
Kima’s technology uses hardware-based security measures to maintain the highest security standards that currently exist in Web 3.0. That means there are no smart contracts involved, which could potentially lead to potential vulnerabilities. Moreover, it supports every blockchain, and it can even revert fraudulent transactions, which is almost unheard of in the crypto space.
Small, low-volume cryptos
On Low-Capitalization and Low-Volume Cryptocurrencies:InvestorPlace does not regularly publish commentary about cryptocurrencies that have a market capitalization less than $100 million or trade with volume less than $100,000 each day. That’s because these “penny cryptos” are frequently the playground for scam artists and market manipulators. When we do publish commentary on a low-volume crypto that may be affected by our commentary, we ask thatInvestorPlace.com’s writers disclose this fact and warn readers of the risks.
Read More:How to Avoid Popular Cryptocurrency Scams
On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on LinkedIn.
Technology
