2 cryptocurrencies to reach $10 billion market cap in July

In recent weeks, the cryptocurrency market has shown mixed performance, with Bitcoin (BTC) stabilizing around $69,000 and the global market cap holding steady at $2.3 trillion. 

Despite overall market stagnation, certain altcoins are showing resilience and potential for significant growth, particularly those aiming toward the $10 billion market cap milestone.

Finbold has identified two cryptocurrencies poised to surpass this threshold by July, considering current market conditions and potential benefits from increased supply inflation.

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Polkadot (DOT)

Currently trading at approximately $6.08 with a market cap nearing $8.74 billion, Polkadot (DOT) is on track to reach a $10 billion market cap by July.

Known for its interoperability and decentralized applications, Polkadot has weathered recent market corrections, experiencing a 5% weekly surge.

Polkadot price and market cap. Source: CoinMarketCap

Analysts highlight strategic buying opportunities, emphasizing optimism for its potential recovery. Polkadot’s ecosystem continues to grow 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, a significant upswing is taking shape on DOT’s charts, underscoring its long-term potential.

Currently trading at $13.64  with a market cap of $8.29 billion, Chainlink (LINK) has strong potential to reach a $10 billion market cap soon. As a leader in decentralized oracle solutions, Chainlink has recently demonstrated market resilience with an 8.3% daily increase, highlighting its recovery potential amidst cautious market sentiment.

Chainlink price and market cap. Source: CoinMarketCap

Overcoming technical resistances, expanding utility across blockchain ecosystems, and capitalizing on growing DeFi integration is key to its growth. A recent collaboration with The Depository Trust and Clearing Corporation (DTCC) and major U.S. financial institutions like JP Morgan (NYSE: JPM) and BNY Mellon shows Chainlink’s potential. 

With significant industry support and real-world applications, Chainlink is on track to achieve a $10 billion market cap.

Despite strong fundamentals, the possibility of these cryptocurrencies reaching the $10 billion mark will largely depend on market conditions

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk

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