In today’s special post, I will be looking at 10 midcaps and lowcaps to outperform for 2024.
No commentary needed for these. The approach is simple: spot allocations at deep discounts with clear invalidations and long-term time horizons. Bring on the New Year.
In no particular order…
Perpetual Protocol
PERP/USD
Market Cap All-Time High: $1.006bn
Fully Diluted Valuation: $91.084mn
MCAP ATH / FDV: 11.04x
Areas of Interest: $0.36 – $0.75
Potential Targets: $1.72, $3.59, $5.67 and $17.70
Vulcan Forged
PYR/USD
Market Cap All-Time High: $839.201mn
Fully Diluted Valuation: $205.621mn
MCAP ATH / FDV: 4.08x
Areas of Interest: $2.68 – $5.29
Potential Targets: $20.07 and $55.04
Wilder World
WILD/USD
Market Cap All-Time High: $537.303mn
Fully Diluted Valuation: $120.303mn
MCAP ATH / FDV: 4.46x
Areas of Interest: $0.15 – $0.25
Potential Targets: $1.30, $3.39 and $7.36
LooksRare
LOOKS/USD
Market Cap All-Time High: $1.134bn
Fully Diluted Valuation: $68.553mn
MCAP ATH / FDV: 16.54x
Areas of Interest: $0.046 – $0.12
Potential Targets: $0.80 and $3.15
UFO Gaming
UFO/USD
Market Cap All-Time High: $1.369bn
Fully Diluted Valuation: $20.595mn
MCAP ATH / FDV: 52.75x
Areas of Interest: All-time lows – $0.00000084
Potential Targets: $0.0000028, $0.0000067 and $0.000018
sudoswap
SUDO/USD
Market Cap All-Time High: $52.776mn
Fully Diluted Valuation: $12.647mn
MCAP ATH / FDV: 4.17x
Areas of Interest: $0.16 – $0.23
Potential Targets: $0.80, $1.31, $1.81 and $4.40.
BlockWallet
BLANK/USD
Market Cap All-Time High: $88.546mn
Fully Diluted Valuation: $3.93mn
MCAP ATH / FDV: 22.53x
Areas of Interest: $0.02 – $0.06
Potential Targets: $0.24, $0.38 and $0.97
Rainicorn
RAINI/USD
Market Cap All-Time High: $91.079mn
Fully Diluted Valuation: $4.361mn
MCAP ATH / FDV: 20.88x
Areas of Interest: $0.00076 – $0.0017
Potential Targets: $0.0125, $0.06 and $0.277.
XDEFI
XDEFI/USD
Market Cap All-Time High: $73.774mn
Fully Diluted Valuation: $13.868mn
MCAP ATH / FDV: 5.32x
Areas of Interest: $0.03 – $0.07
Potential Targets: $0.53, $1.25 and $2.30.
Decentral Games
DG/USD
Market Cap All-Time High: $197.272mn
Fully Diluted Valuation: $14.955mn
MCAP ATH / FDV: 13.2x
Areas of Interest: All-time lows – $0.03
Potential Targets: $0.09, $$0.26 and $0.60.
