2024

Solana

Bitcoin

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 <p class="paragraph">As May 2024 unfolds, the cryptocurrency market continues to experience the effects of the Bitcoin (BTC) halving event that occurred in April, traditionally a bullish catalyst for Bitcoin and the wider cryptocurrency landscape.</p>
 <p class="paragraph">This ongoing bullish sentiment particularly benefits several <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a> on the verge of significant <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap milestones, notably the $100 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> mark.&nbsp;</p>
 <p class="paragraph">Consequently, Finbold has identified two cryptocurrencies likely to surpass this threshold.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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   </svg> Picks for you</h3>
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   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Solana trader turns $49,000 into $2 million in 5 hours <span class="self-center text-xs text-slate-500">8 mins ago</span>
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   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    ‘Final warning’ as Bitcoin faces imminent devastating capitulation <span class="self-center text-xs text-slate-500">1 hour ago</span>
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   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Popular Bitcoin wallet bans United States citizens from its service <span class="self-center text-xs text-slate-500">2 hours ago</span>
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   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Has Bitcoin topped out? Peter Brandt signals potential end of bull run <span class="self-center text-xs text-slate-500">2 hours ago</span>
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 <p class="paragraph">These assets are nearing the milestone, with their trajectory depending on the continuation of the bull run and supply inflation. High supply inflation could contribute to an increased market cap even if the price remains unchanged.</p>
 <h2 class="wp-block-heading" id="h-bnb-chain-bnb">BNB Chain (BNB)</h2>
 <p class="paragraph">BNB, the native token of Binance, displays strong potential to reach and perhaps surpass a $100 billion market cap. This potential stems from strategic expansions and innovations within the Binance ecosystem.</p>
 <p class="paragraph">The 27th quarterly token burn has recently removed approximately 1.944 million BNB from circulation, valued at around $1.17 billion. This action aligns with Binance’s strategy to reduce BNB’s total supply to 100 million tokens, thus increasing its scarcity and value.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="97" src="https://cdn.thebittimes.com/images/2024/04/28/ee9389d36dac8202ec2ce5e171bbb993.webp" alt class="wp-image-172312" srcset="https://cdn.thebittimes.com/images/2024/04/28/ee9389d36dac8202ec2ce5e171bbb993.webp 1024w, https://cdn.thebittimes.com/images/2024/04/28/ee9389d36dac8202ec2ce5e171bbb993.webp 300w, https://cdn.thebittimes.com/images/2024/04/28/ee9389d36dac8202ec2ce5e171bbb993.webp 768w, https://cdn.thebittimes.com/images/2024/04/28/ee9389d36dac8202ec2ce5e171bbb993.webp 1536w, https://cdn.thebittimes.com/images/2024/04/28/ee9389d36dac8202ec2ce5e171bbb993.webp 1607w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>BNB market cap. Source: CoinMarketCap</em> <br>
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 <p class="paragraph">The BNB Chain ecosystem is expanding, notably through the integration of 35 new decentralized applications (dApps) into its Web3 Wallet, which broadens BNB’s utility and demand. These applications cover various sectors, including gaming, finance, and trading, thereby enhancing user experience and increasing platform engagement.</p>
 <p class="paragraph">With a notable year-to-date price increase of 93.75% and a current market cap of about $87 billion, BNB needs only a 14% increase to cross the $100 billion threshold. This goal seems achievable with continuous market growth and further platform expansions.</p>
 <h2 class="wp-block-heading" id="solana-sol">Solana (SOL)</h2>
 <p class="paragraph">Currently the fifth-largest cryptocurrency with a <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap of $70 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>, Solana (SOL) has robust investor interest and confidence.&nbsp;</p>
 <p class="paragraph">The Solana ecosystem has significant activity, especially with SOL-based meme coins such as the WIF token and BONK, both of which have recently seen significant upticks in trading volumes and prices.&nbsp;</p>
 <p class="paragraph">These developments are not only indicative of growing investor interest but also contribute positively to Solana’s market value, signaling an optimistic outlook for the cryptocurrency.</p>
 <p class="paragraph">Despite network outages, Solana maintains a strong market presence and trades above essential support levels.&nbsp;</p>
 <p class="paragraph">The olana ecosystem is vibrant, marked by a significant increase in decentralized exchange (DEX) trading volume and new projects, which enhance its utility. Continuous improvements in network stability and scalability are crucial in maintaining investor confidence and supporting market cap growth.</p>
 <figure class="wp-block-image size-large is-resized"><img decoding="async" width="1024" height="94" src="https://cdn.thebittimes.com/images/2024/04/28/0a02768cd90ef005c96de4d553d1f741.webp" alt class="wp-image-172313" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2024/04/28/0a02768cd90ef005c96de4d553d1f741.webp 1024w, https://cdn.thebittimes.com/images/2024/04/28/0a02768cd90ef005c96de4d553d1f741.webp 300w, https://cdn.thebittimes.com/images/2024/04/28/0a02768cd90ef005c96de4d553d1f741.webp 768w, https://cdn.thebittimes.com/images/2024/04/28/0a02768cd90ef005c96de4d553d1f741.webp 1536w, https://cdn.thebittimes.com/images/2024/04/28/0a02768cd90ef005c96de4d553d1f741.webp 1593w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Solana (SOL) market cap and price data. Source: <em>CoinMarketCap</em> <br>
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 <p class="paragraph">Solana needs a 42.8% increase to reach a $100 billion market cap, supported by its solid fundamentals and the bullish conditions brought about by the post-halving atmosphere.</p>
 <p class="paragraph">By press time, Solana is valued at $142, showing daily gains of nearly 0.88%.</p>
 <p class="paragraph">Both BNB and Solana are strategically positioned to potentially achieve the $100 billion market cap, driven by their ecosystem developments, strategic technological enhancements, and the overall bullish sentiment in the market.&nbsp;</p>
 <p class="paragraph">However, due to the volatile nature of the cryptocurrency market, investors should proceed with caution. Continuous monitoring of market trends and individual asset performances is essential for those looking to capitalize on these opportunities.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>:</em><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/2-cryptocurrencies-to-reach-100-billion-market-cap-in-may-tbt86836.html">https://thebittimes.com/2-cryptocurrencies-to-reach-100-billion-market-cap-in-may-tbt86836.html</a></p>

2 cryptocurrencies to reach $100 billion market cap in May

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