In recent weeks, the cryptocurrency market has shown mixed performance, with Bitcoin (BTC) stabilizing around $69,000 and the global market cap steady at $2.3 trillion.
Despite the overall market stagnation, some altcoins are showing resilience and the potential for significant growth, especially those aiming to reach the $10 billion market cap milestone.
Finbold has identified two cryptocurrencies poised to cross this threshold by July, taking into account current market conditions and potential benefits from increased supply inflation.
polka dots (DOT)
Currently trading at around $6.08 with a market cap approaching $8.74 billion, Polkadot ( DOT ) is on track to reach a market cap of $10 billion by July.
Known for its interoperability and decentralized applications, Polkadot has outperformed recent market corrections, experiencing a weekly gain of 5%.
Analysts highlight the strategic possibilities of the acquisition, emphasizing optimism for its possible recovery. The Polkadot ecosystem continues to grow with key projects such as Energy Web, Xcavate and Phyken, integrating Real World Assets (RWAs) to drive mass adoption.
According to crypto analysts Michael Van De Poppea significant upside is taking shape on the DOT charts, underscoring its long-term potential.
$DOT it is likely to follow Ethereum in its upward expansion.
This means Polkadot’s current ratings are extremely low.
I expect a lot from the Polkadot ecosystem with all the new segments. pic.twitter.com/HjwCQhG2fR
— Michaël van de Poppe (@CryptoMichNL) June 28, 2024
LINK
Currently trading at $13.64 with a market cap of $8.29 billion, Chainlink (LINK) has strong potential to reach a market cap of $10 billion soon. As a leader in decentralized oracle solutions, Chainlink has recently demonstrated market resilience with a daily increase of 8.3%, highlighting its recovery potential amid cautious market sentiment.
Overcoming technical resistances, expanding utility across blockchain ecosystems, and capitalizing on the growing integration of DeFi is key to its growth. A recent collaboration with The Depository Trust and Clearing Corporation (DTCC) and major US financial institutions such as JP Morgan (NYSE: JPM ) and BNY Mellon shows the potential of Chainlink.
With significant industry support and real-world applications, Chainlink is on track to reach a $10 billion market cap.
Despite the strong fundamentals, the possibility of these cryptocurrencies reaching the $10 billion mark will largely depend on market conditions
Disclaimer: The content on this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at risk
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Image Source : finbold.com
