Against the backdrop of the ever-evolving cryptocurrency investment landscape, searching for the next potential breakout star is a pursuit that attracts both seasoned investors and newbies. As the market continues to mature and expand, attention naturally turns to altcoins (alternative cryptocurrencies to Bitcoin) that are showing promising growth trajectories. Against this dynamic backdrop, a select group of altcoins stand out as poised to surpass the important milestone of $10 billion in market cap.

These digital assets have attracted attention not only for their innovative technology, but also for the potential for impressive returns on investment. In this exploration, we take a deep dive into the six altcoins on the verge of reaching a $10 billion market cap, examining the factors driving their rise and the implications for investors seeking to navigate the evolution of altcoins with foresight and acumen.

NEAR Protocol (NEAR) is a layer-1 blockchain designed to serve as a community-run cloud computing platform. Its main goal is to address limitations faced by other blockchains, such as slow transaction speeds and limited throughput. This makes it suitable for decentralized applications (DApps) and fosters a developer-friendly environment.

Current Price: $7.40 (as of June 7, 2024)

Market ranking: CoinMarketCap ranked 17th

  • • User-friendly features: Unlike complex crypto wallet addresses commonly found in other blockchains, NEAR uses human-readable account names, enhancing the user experience.

  • • Scalability Solution: NEAR has implemented a unique solution to address scalability challenges. It uses a sharding technology called Nightshade and a consensus mechanism called “Doomslug” to achieve this.

  • • Developer-centric: NEAR’s WebAssembly runtime allows developers to create smart contracts using familiar languages ​​such as JavaScript and Rust. It also provides built-in meta transactions to pay users’ gas fees and incentivizes developers through a revenue sharing mechanism for the gas consumed by smart contracts.

  • Near Protocol is a proof-of-stake blockchain that uses Nightshade technology to facilitate the development of decentralized applications (dApps). While its price has remained relatively stable recently, peaking at $8.51 last month, it still has a respectable market cap of $7.99 billion. A 25% increase in value would put Near Protocol at $10 billion.

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