Cryptocurrencies Approaching $10 Billion Market Cap Milestones

Friday, 24 May 2024, 17:51

As the first half of 2024 nears its end, the crypto market shows signs of a strong bull run, with two cryptocurrencies on track to surpass the $10 billion market cap. NEAR Protocol and Polygon are identified as potential candidates to achieve this significant milestone, driven by market dynamics and technological advancements. Despite facing challenges in price volatility, both cryptocurrencies exhibit growth potential supported by their innovative solutions and market demand.
https://store.livarava.com/9a9123eb-1a01-11ef-a3d8-9d5fa15a64d8.jpg
Cryptocurrencies Approaching $10 Billion Market Cap Milestones

NEAR Protocol (NEAR)

NEAR Protocol (NEAR) is positioned for substantial growth driven by its role as a leading blockchain for mainstream applications, processing millions of transactions daily.

  • Price: $7.81
  • Market Cap: $8.42 billion

NEAR's focus on democratizing AI ownership and scalability enhancements strengthens its market position. Recent trading activity indicates potential price rises despite market downturns.

Technical indicators are bullish, with NEAR trading well above its 200-day SMA.

Polygon (MATIC)

Polygon (MATIC) introduces user-friendly Ethereum scaling solutions, with the price trending towards $0.84.

  • Price: $0.7174
  • Market Cap: $7.10 billion

Despite consolidation signs, institutional interest and its Layer 2 solution drive Polygon's growth potential towards a $10 billion market cap.

The first half of 2024 presents a critical period for NEAR Protocol and Polygon in reaching the $10 billion milestone.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe