Markets
2 cryptocurrencies will reach a market capitalization of $100 billion in the second half of the year
Bitcoin (Bitcoin) has shown remarkable resilience recently, revisiting the $70,000 price zone, supported by macroeconomic indicators and a wave of market optimism.
As we move into the second half of the year, a long-term approach bullish Sentiment permeates the sector, with multiple digital assets showing the potential for sustained buying pressure that could impact their market capitalization.
In particular, some assets are approaching the $100 billion market cap threshold and are ripe for potential rallies. Finbold identified two cryptocurrencies it will probably exceed this threshold in the second half of the year.
BNB Chain (BNB)
BNBthe native sign of Binanceis on track to reach a market capitalization of $100 billion, driven by strategic expansions and innovations within the Binance ecosystem.
Initially an ERC-20 token, BNB moved to Binance Chain to improve its utility, facilitating fee payments and enabling participation in new blockchain projects via Binance Launchpad.
BNB market capitalization. Source: CoinMarketCap
Trading at $597.44 with a market capitalization of $88.17 billion, BNB is 39.40% above its 200-day simple moving average (SMA) of $427.54. This strong performance reflects growing investor confidence.
The integration of 35 new decentralized applications (dApps) into BNB Web3 Wallet has expanded its usefulness to games, financeand commercial sectors, improving user experience and increasing platform engagement.
The impending shutdown of Beacon Chain will consolidate Binance’s networks, moving all functionality to Binance Smart Chain and potentially increasing the importance of BNB.
With continued market growth and further platform expansions, BNB is on track to cross the $100 billion mark by the end of the year.
Solana (SOL)
Currently, the fifth largest cryptocurrency with a market capitalization of $77 billion, Solana (SOL) is also poised to reach the $100 billion mark thanks to strong investor interest and confidence.
SOL is up 63% year to date and its strong correlation with Bitcoin suggests further growth potential.
The Solana ecosystem has seen significant activity, particularly with SOL-based meme coins such as Myro F and BONK, which have recently seen a surge in trading volumes and prices.
These developments indicate growing investor interest and contribute positively to Solana’s market value.
Despite occasional network outages, Solana maintains a strong presence in the market, trading above essential support levels. Its total value locked (TVL) stands at $4.80 billion, reflecting ecosystem health and investor confidence.
The integration of stablecoins such as USDT, USDCand PYUSD has increased liquidity, providing ample purchasing power for future rallies.
With strong fundamentals and growing adoption, Solana is well positioned to reach a market capitalization of $100 billion in the second half of the year.
It is important to highlight that, although supported by various fundamentals, the potential of those mentioned cryptocurrencies Reaching the $100 billion mark is significantly dependent on continued bullish market momentum.
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