📢 2 crypto currencies to reach $50 billion market cap in July: 😱😱😱😱
🔥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.
✍️XRP(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 Ripple’s intensified focus on Central Bank Digital Currencies (CBDCs) could strengthen its market position and drive future growth.
✍️Toncoin (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.
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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