Bitcoin continues to lead the cryptocurrency market, yet the emergence of numerous contenders, albeit with smaller market capitalizations, presents appealing options for traders. BTC remains robust, trading well above $70,000, showcasing a surge of 14.67% in the past week and 26.02% over the last month, recently achieving an all-time high (ATH) and aiming to breach $100,000 by the year's end, 2024.

Amidst this backdrop, two altcoins, Cronos (CRO) and Stellar (XLM), are gaining momentum, attracting investors eyeing potential returns of up to 10x.

Cronos (CRO): Potential 10x candidate

Cronos currently trades at $0.1478, with a slight decline of 2.33% in the past 24 hours. However, it has surged by 22.93% in the last week and 48.72% over the previous month. Positioned within the top 50 in terms of Market Cap, Cronos boasts significant trading volume, with a 24-hour volume increase of 28.50%. Speculation suggests growing investor interest could drive the token towards $0.15, potentially paving the path for an ATH of $1, although such a milestone may be more realistically achieved by 2030 or within 3-4 years.

Stellar (XLM): Facilitating instant money transfers

Stellar's native cryptocurrency, XLM, is renowned for facilitating payment-related transactions. Currently priced at $0.1382, XLM has seen a notable uptick of 17.19% in the past week and 15.91% over the last month. With bullish trends prevailing and significant events such as Bitcoin Halving on the horizon, interest in altcoins like XLM is expected to intensify. XLM aims to reach $1, with projections suggesting this could materialize by the end of the decade, supported by its recent strong weekly and monthly performances.

Conclusion

Investors are increasingly diversifying their portfolios into altcoins, seeking substantial long-term returns. With BTC and ETH reaching high valuations, altcoins like CRO and XLM are gaining attention for their potential. As bullish sentiments persist, sustained growth in altcoins is anticipated, potentially benefiting the broader cryptocurrency market.