Markets
2 cryptocurrencies will reach a market cap of $100 billion in the second half of the year
Bitcoin (BTC) has recently shown remarkable resilience, revisiting the $70,000 price zone, supported by macroeconomic indicators and renewed market optimism.
As we enter the second half of the year, a long-term project bullish sentiment permeates the industry, with several digital assets showing potential for sustained buying pressure that could impact their market capitalization.
Notably, some assets are approaching the $100 billion market capitalization threshold and are poised for a potential rebound. Finbold identified two cryptocurrencies it is likely that this figure will be exceeded during the second half of the year.
BNB Channel (BNB)
BNBthe native token of Binanceis on track to reach a market capitalization of $100 billion, thanks to strategic expansions and innovations within the Binance ecosystem.
Initially an ERC-20 token, BNB moved to Binance Chain to improve its utility, facilitate fee payments, and enable participation in new blockchain projects through Binance Launchpad.
BNB market capitalization. Source: CoinMarketCap
Trading at $597.44 with a market cap of $88.17 billion, BNB is 39.40% above its 200-day simple moving average (SMA) of $427.54. This strong performance reflects growing investor confidence.
The integration of 35 new decentralized applications (dApps) into the BNB network Web3 Wallet has expanded its usefulness to games, financeand business sectors, thereby improving user experience and increasing engagement on the platform.
The upcoming closure of Beacon Chain will consolidate Binance’s networks, transferring all capabilities to Binance Smart Chain and potentially increasing the importance of BNB.
With continued market growth and new platform expansions, BNB is on track to surpass the $100 billion mark by the end of the year.
Solana (SOL)
Currently the fifth largest cryptocurrency with a market capitalization of $77 billion, Solana (GROUND) is also poised to hit the $100 billion mark thanks to strong investor interest and confidence.
SOL has seen a 63% increase since the start of the year, and its high correlation with Bitcoin suggests further growth potential.
The Solana ecosystem has seen significant activity, especially with SOL-based meme coins such as Myro F and BONK, which have recently increased in trading volumes and prices.
These developments indicate growing investor interest and contribute positively to Solana’s market value.
Despite occasional network outages, Solana maintains a strong market presence, trading above critical support levels. Its total value locked (TVL) stands at $4.80 billion, reflecting the health of the ecosystem and investor confidence.
The integration of stablecoins like USDT, USDCand PYUSD has improved its liquidity, providing sufficient purchasing power for future rallies.
With strong fundamentals and growing adoption, Solana is well-positioned to reach a market cap of $100 billion in the second half of the year.
It is important to emphasize that, although supported by various fundamentals, the potential of the project mentioned cryptocurrencies Reaching the $100 billion threshold largely depends on continued bullish market momentum.
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