đą 2 crypto currencies to reach $50 billion market cap in July: đ±đ±đ±đ±
đ„Despite recent downturns in the cryptocurrency market, several digital assets show strong potential for significant growth in the coming months. As the global cryptocurrency market cap stands at $2.4 trillion with a 2.9% increase in the last 24 hours, certain cryptocurrencies present promising investment opportunities.Â
âïžXRP(XRP)
XRP has been navigating through a challenging phase, particularly with its price consolidating below the $1 mark. Currently priced at $0.4771, XRP has faced resistance at the $0.4820 level, resulting in declines below $0.4750.
However, the asset has shown resilience, rebounding from a low of $0.4619. With recent upward moves clearing the $0.4680 and $0.4720 resistance levels, XRP is recovering and gaining traction.
The ongoing legal dispute with the United States Securities and Exchange Commission (SEC) remains a significant hurdle, but Rippleâs intensified focus on Central Bank Digital Currencies (CBDCs) could strengthen its market position and drive future growth.
âïžToncoin (TON)
Toncoin (TON), on the other hand, has experienced notable price fluctuations recently, reaching a new high of $8.31 before stabilizing around $7.60. Priced at $7.49, TON has shown resilience despite a sharp downturn.
TON has formed an ascending triangle pattern with horizontal resistance at $7.50. The recent breakout to a new high suggests potential for a bullish uptrend, targeting $10 in the short term and possibly pushing beyond in subsequent rallies.Â
If TON can sustain its upward momentum and break through its current resistance levels, its market cap, now at $18.4 billion, could also reach $50 billion by July.
The overall market conditions, including increased trading volume and broader market recovery, will play a crucial role in achieving this milestone.
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