CandleFocus

SAND, MANA, KAIA, and EIGEN Shine as Top Low-Cap Altcoins to Watch in 2024

Author: Content Editor
The crypto market has recently experienced a rally, with Bitcoin reaching an all-time high of $98,000 before dipping to $92,000 and currently trading around $94,000. Large-cap tokens like Cardano, XRP, and Stellar also saw gains. However, low-cap altcoins linked to the metaverse, such as KAIA, Decentraland, The Sandbox, EigenLayer, and ZKsync, have stolen the show and are expected to see substantial growth.

SAND and MANA, two tokens linked to the metaverse, have experienced significant growth. SAND surged by 137.48% and MANA spiked by 96.98% last month. Decentraland launched an upgraded desktop client and hosted a music festival, while The Sandbox debuted an "Attack on Titan" survival game. The rising demand for metaverse protocols may push these tokens' prices higher.

KAIA, ranked 90th on CoinMarketCap, is expected to hit a bull run. It surged 51.64% in the past month after a merger between Klaytn and Finschia. KAIA announced the availability of mini Dapps on LINE and made a new all-time high after being listed on HashKey Exchange.

EIGEN, the native token of EigenLayer, has also witnessed upside potential. The protocol recently announced EigenGov, its governance platform, resulting in a 5.66% price increase. The EigenGov platform will provide governance power to EIGEN token holders and members involved in the protocol, attracting more users as decentralization expands.

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