3 Cryptos Under the Radar: Potential Breakout Stars in 2024’s Market
The cryptocurrency market has seen monumental growth over the past year, with the total market capitalization more than doubling in 2023. Certain under-the-radar cryptos have positioned themselves for further expansion in 2024 through unique capabilities and real-world utility.
New players like Celestia, Manta, and Sponge V2 seem set to make an impact this year through unique features that set them apart from the rest of the market. Though Bitcoin and Ethereum continue to make up the bulk of the market, investors may want to keep an eye on these promising projects.
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Celestia has become one of the most successful crypto releases of 2023. The project makes it easier to build custom blockchains tailored to specific needs. Celestia utilizes a modular architecture, allowing developers to construct only the required blockchain components rather than create an entire system from scratch. This streamlined approach enables faster and more efficient development compared to monolithic blockchains.
The Celestia platform is built on top of the Cosmos network and uses the TIA token to power transactions. Since TIA’s launch in October 2023, it has seen steady growth in value.
Celestia has also partnered with major layer 2 scaling solutions like Arbitrum to improve capabilities. Its modular blockchain model has attracted attention, positioning Celestia as a potential innovator in decentralized infrastructure this year.
With development accelerating and integrations like Manta already underway, Celestia seems ready to deliver on its promises in 2024.
Transaction speed and scalability are still two of the most pressing obstacles in blockchain technology. Manta is planning to overcome these challenges through the novel
