In recent weeks, the cryptocurrency market has exhibited mixed performance, with Bitcoin (BTC) stabilizing around $69,000 and the global market cap holding steady at $2.3 trillion.
Despite overall market stagnation, some altcoins are demonstrating resilience and potential for notable growth, particularly those aiming to reach the $10 billion market cap milestone.
Finbold has pinpointed two cryptocurrencies poised to cross this threshold by July, considering current market conditions and potential benefits from increased supply inflation.
Polkadot (DOT)
Currently trading around $6.08 with a market cap nearing $8.74 billion, Polkadot (DOT) is on track to achieve a $10 billion market cap by July.
Renowned for its interoperability and decentralized applications, Polkadot has outperformed recent market corrections, showing a weekly gain of 5%.
Polkadot price and market cap. Source: CoinMarketCap
Analysts emphasize the strategic acquisition possibilities, highlighting optimism for its potential recovery. The Polkadot ecosystem is expanding with key projects like Energy Web, Xcavate, and Phyken, integrating Real World Assets (RWAs) to drive mass adoption.
According to crypto analyst Michael Van De Poppe, significant upside is taking shape on the DOT charts, underscoring its long-term potential.
$DOT is likely to follow Ethereum in its upward expansion.
This means Polkadot’s current valuations are extremely low.
I expect a lot from the Polkadot ecosystem with all the new segments. pic.twitter.com/HjwCQhG2fR
— Michaël van de Poppe (@CryptoMichNL) June 28, 2024
Chainlink (LINK)
Currently trading at $13.64 with a market cap of $8.29 billion, Chainlink (LINK) has strong potential to soon reach a $10 billion market cap. As a leader in decentralized oracle solutions, Chainlink has recently shown market resilience with a daily increase of 8.3%, underscoring its recovery potential amid cautious market sentiment.
Chainlink price and market cap. Source: CoinMarketCap
Overcoming technical resistances, expanding utility across blockchain ecosystems, and leveraging the growing integration of DeFi are key to its growth. A recent partnership with The Depository Trust and Clearing Corporation (DTCC) and major US financial institutions like JP Morgan (NYSE: JPM) and BNY Mellon demonstrates Chainlink’s potential.
With substantial industry support and real-world applications, Chainlink is on track to attain a $10 billion market cap.
Despite strong fundamentals, the possibility of these cryptocurrencies reaching the $10 billion mark will largely hinge on market conditions.
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