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2 Cryptocurrencies to Reach $50 Billion Market Cap in 2024
The cryptocurrency market is recovering, with a 2.50% rise in total market cap to $2.55 trillion as of May 18. This bullish trend could help XRP (XRP) and Dogecoin (DOGE) reach $50 billion market caps by mid-2024.
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**XRP**
XRP's price has struggled, staying below $1 and hovering around $0.50. However, a positive resolution in Ripple's legal battle with the SEC and the launch of Ripple's stablecoin could boost XRP. Whale accumulation indicates confidence in XRP, which is currently trading at $0.50 with a market cap of $27.64 billion.
**Dogecoin (DOGE)**
DOGE aims to reach $1 and a $50 billion market cap by mid-2024. It has strong support from Elon Musk and potential utility in payments. Currently, DOGE trades at $0.1525 with a market cap of $28 billion.
These cryptocurrencies could see increased investment if the market remains bullish. However, given the market's volatility, investors should research thoroughly and prioritize strong projects.
*Disclaimer: This content is not investment advice. Investing is speculative and your capital is at risk.*
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