The cryptocurrency market is buzzing with potential giants yet to hit a $1 billion valuation. Key among these are the Ordi token (ORDI), Orion (ORN), DeXe Protocol (DEXE), Synthetix (SNX), and Mina Protocol (MINA). Each Altcoin to buy stands out for its innovative solutions and strong community backing, positioning it as a lucrative investment for future gains.

1. Ordi token (ORDI) Tops The Altcoins To Buy In May

The Ordi platform has recently gained attention due to its innovative use of the Ordinals protocol, which embeds data directly into Bitcoin’s smallest denomination, the satoshi. By tapping into the vast pool of 2,100 trillion satoshis, Ordi enables significant data storage capabilities on the Bitcoin blockchain itself without the need for an additional token or altering the fundamental structure of the blockchain.

ORDI price chart

Over the past year, the Ordi token (ORDI) has seen a substantial rise of 32%, with its price reaching $33.90. In the last 24 hours alone, ORDI  price increased by 4%, pushing its market capitalization to an impressive $712 million, according to CoinMarketCap. This growth highlights the growing interest and confidence in Ordi, suggesting it could soon reach a market value of $1 billion.

2. Orion (ORN)  

The Orion platform merges the capabilities of decentralized finance (DeFi) trading products, granting users instantaneous access to both centralized and decentralized exchange liquidity. This integration ensures that users consistently receive the best prices for their assets, offering a trading experience akin to a non-custodial decentralized exchange (DEX) but with superior liquidity options.

As of now, Orion price stands at $1.32, reflecting a 4.09% decline over the past 24 hours. It is ranked 622nd on CoinMarketCap, with a market capitalization of $44 million. Orion boasts a circulating supply of 34 million ORN coins against a maximum of 100 million. Over the last year, its value has soared by more than 53%, positioning it as a promising altcoin with the potential to reach a market value of $1 billion.

3. DeXe Protocol (DEXE)

The DeXe Protocol offers a groundbreaking framework for establishing and managing decentralized autonomous organizations (DAOs) in a fair and merit-based manner. This protocol aims to accelerate DAO development while ensuring sustainable growth through active, expert participation. 

The governing body for this protocol, the DeXe DAO, utilizes the $DEXE token for governance purposes. Currently, the price of $DEXE has risen to $11.87, marking a 5.43% increase in the last day. With a market cap of $433 million, DeXe holds the 141st spot on CoinMarketCap.

4. Synthetix (SNX)

Synthetix (SNX) is at the forefront of a decentralized protocol that facilitates liquidity provision. This service is vital for numerous protocols across both the Optimism and Ethereum networks. Thanks to its combination of robust liquidity and minimal transaction fees, it serves as an essential utility.

Meanwhile, Infinex has announced its official launch on May 13. Warwick shared this news at the ETH Global conference in Sydney, Australia, today. Synthetix price currently stands at $2.59, marking an increase of over 2% in the past 24 hours. It holds the 92nd position on CoinMarketCap, boasting a market capitalization of $850 billion.

5. Mina Protocol (MINA)

Mina Protocol is recognized as the world’s smallest “succinct blockchain.” This design significantly reduces the computational demands necessary for running decentralized applications (DApps). Despite its compact size, it maintains a balance between security and decentralization. 

Mina price chart

Currently, Mina price is at $0.7797, reflecting a 2.77% increase in the last day. Its market cap is $854 million, placing it 91st on CoinMarketCap. Over the past year, Mina has seen a 23% increase in price, positioning it as a promising altcoin on the verge of reaching a $1 billion market valuation.

Bottom line

With their unique offerings and community support, ORDI, ORN, DEXE, SNX, and MINA represent promising investment opportunities. These altcoins show potential for reaching valuations over $1 billion in May or subsequent months. Adding these altcoins to buy in crypto portfolios in May could increase the chances of growing wallets to unprecedented levels in 2024.

The post 5 Altcoins To Buy Before Hitting $1 Billion Market Valuation appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am