2 Cryptocurrencies to Reach $100 Billion Market Cap in July
BNB Chain (BNB)
BNB, the native token of Binance, is showing strong potential to reach and potentially surpass a $100 billion market cap. This growth is driven by strategic expansions and innovations within the Binance ecosystem.
- Current Market Cap: $86.13 billion
- Current Price: $583.54
- Recent Developments: On June 20, BNB Chain rolled out a major update with BEP 336, reducing transaction fees by 90%.
- Market Performance: BNB recently stabilized at $560 after dipping below $590. If the bulls push the price above the moving averages, BNB could rally to $617 and potentially reach $722.
Solana (SOL)
Solana, currently the fifth-largest cryptocurrency, has a market cap of $70 billion and is favored by investors.
- Current Market Cap: $70 billion
- Current Price: $131.16
- Recent Developments: The ecosystem is bustling with activity, especially with SOL-based meme coins. 3iQ announced plans to launch North America’s first publicly traded Solana exchange-traded product on the Toronto Stock Exchange (TSX).
- Market Performance: Despite a recent dip, Solana has demonstrated resilience and could surge to $176 if it climbs above the resistance line.
Both BNB and Solana are making strategic moves and showing resilience, positioning them as strong candidates to hit a $100 billion market cap by July. Investors should monitor these cryptocurrencies closely as they continue to leverage their strengths.