LIVE2 cryptocurrencies to reach $100 billion market cap in the first half of 2024
Bitcoin (BTC) recent surge to a record high of $73,750, followed by a pullback to $61,000, has set the stage for what many in the cryptocurrency sector believe could be the onset of an altcoin season. Analysts’ diverse predictions hint at a massive upswing in altcoin valuations.
This ongoing bullish sentiment particularly benefits several cryptocurrencies on the verge of significant market cap milestones, notably the $100 billion mark.
Consequently, Finbold has identified two cryptocurrencies likely to surpass this threshold.
BNB Chain (BNB)
BNB, the native token of Binance, is showing robust potential to reach and potentially exceed a $100 billion market cap. This potential is anchored in Binance’s continuous strategic expansions and innovative developments within its ecosystem.
Currently holding the fourth position in the crypto market by market cap, BNB boasts a valuation of approximately $85.6 billion and trades at $580.28, marking a 2% increase in the last 24 hours.
Solana (SOL)
Solana (SOL), currently the fifth-largest cryptocurrency by market cap, stands at $68,472,570,217 and is backed by strong investor confidence.
The Solana ecosystem has been vibrant, particularly with SOL-based meme coins like the WIF token and BONK seeing significant trading volume increases. These trends highlight growing investor interest and positively impact Solana’s market value.
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