In the second half of July, the cryptocurrency market experienced a noticeable surge caused by a powerful rally in Bitcoin (BTC). Against the backdrop of this positive situation, several altcoins are preparing to approach a market capitalization of $100 billion. Most likely, BNB Chain (BNB) and Solana (SOL) will overcome this mark by the end of August. BNB Chain (BNB) BNB, the native token of the Binance crypto exchange, whose price is $597, shows great potential to reach a market capitalization of $100 billion by the end of August a (current equal to $88 billion). Technical indicators are bullish, suggesting increased buying pressure and a positive outlook. BNB recently broke through key resistance levels, including the 200-day EMA, indicating further price increases.
Thanks to the increase in trading volume and significant market recovery, BNB has good growth opportunities. If it can overcome the resistance levels at $610, $633 and $675, reaching a price of approximately $680, a market capitalization of $100 billion will be within reach by the end of August . Apparently, Binance's compliance with regulatory requirements and resolution of legal issues has reduced investor concerns.
Solana (SOL) Currently, Solana, the fifth largest cryptocurrency with a price of $172 and a market capitalization of $79 billion, has demonstrated strong bullish stability, breaking the line of the world's trend. The key resistance level at $175 is within reach, and its breakdown could push SOL to higher levels, such as $188 and $205. This upward potential is supported by a significant increase in trading volume and positive technical indicators signaling strong buying pressure.
Moreover, the fundamental characteristics of Solana are very strong. The total value locked (TVL) in its DeFi projects has reached $5 billion, and the market capitalization of stablecoins in the blockchain is $3.268 billion, which reflects growing confidence e investors. In addition, the rise in the price of SOL was positively influenced by the rise of meme coins, the average growth of which was 12.4%. Taken together, factors such as technical strength, increased trading volume, increased DeFi activity, and the growth of the memcoin ecosystem create a favorable environment for Solana, which could potentially It is on track to reach a market capitalization of $100 billion by the end of August.
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