Ethereum

Dogecoin

2024

Bitcoin

<div class="finbold">
 <p class="paragraph">The cryptocurrency market in 2024 has seen a surge of activity, marked by significant rallies for major cryptocurrencies, approvals of Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), and the BTC halving event in April.</p>
 <p class="paragraph">While the potential for increased capitalization largely depends on the broader recovery of the crypto market, several assets retain strong fundamentals likely to drive growth.</p>
 <p class="paragraph">In this context, Finbold has identified two digital assets likely to reach a market cap of $50 billion by the second half of the year</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <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"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    BNB Chain rockets to new heights: What’s fueling the surge?&nbsp; <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Whales signal: Large investors are selling this trending RWA <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    How rich is the first senator to give birth while in office: Tammy Duckworth's net worth revealed <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    How rich is Wisconsin senator Ron Johnson: Ron Johnson's net worth revealed <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-xrp"><strong>XRP</strong></h2>
 <p class="paragraph">XRP’s journey to a $50 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap has been challenging, with its price remaining predominantly in a consolidated phase below the $1 mark. The token currently faces downward pressure from overall <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> sentiment, struggling to maintain support above the $0.55 threshold.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="147" src="https://cdn.thebittimes.com/images/2024/06/06/14785d0b219dfe40f6bd3deeb7ba01ed.webp" alt="" class="wp-image-181160" srcset="https://cdn.thebittimes.com/images/2024/06/06/14785d0b219dfe40f6bd3deeb7ba01ed.webp 1024w, https://cdn.thebittimes.com/images/2024/06/06/14785d0b219dfe40f6bd3deeb7ba01ed.webp 300w, https://cdn.thebittimes.com/images/2024/06/06/14785d0b219dfe40f6bd3deeb7ba01ed.webp 768w, https://cdn.thebittimes.com/images/2024/06/06/14785d0b219dfe40f6bd3deeb7ba01ed.webp 1108w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>XRP&nbsp; market cap. Source: CoinMarketCap</em> <br>
  </figcaption>
 </figure>
 <p class="paragraph">Despite its absence from the recent bull run, XRP is generating optimism due to recent legal advancements between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).</p>
 <p class="paragraph"><em>Blockchainedbb</em>, a crypto analyst on X, highlighted that XRP’s prolonged consolidation period, lasting over 700 days, could soon end in a significant breakout.</p>
 <p class="paragraph">The analyst noted that XRP has been confined within a specific price range, notably around the $0.52 level, and this extended period of consolidation typically precedes substantial price movements. The potential breakout from this range is being closely monitored by investors and analysts alike, with many anticipating a notable rally.</p>
 <p class="paragraph">Meanwhile, Ripple’s monthly token unlocks, alongside occasional additional sell-offs, could contribute to capitalization through inflation of the circulating supply.</p>
 <p class="paragraph">As of press time, XRP is trading at $0.5291 and has a market capitalization of $29.34 billion, indicating that the token would need an upside of approximately 70% to reach $50 billion.</p>
 <h2 class="wp-block-heading" id="strong-dogecoin-doge-strong"><strong>Dogecoin (DOGE)</strong></h2>
 <p class="paragraph">Dogecoin (DOGE) has demonstrated potential and volatility, positioning it as a notable asset in the cryptocurrency space. Recent developments suggest a possibility of Dogecoin rallying soon.&nbsp;</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="141" src="https://cdn.thebittimes.com/images/2024/06/06/f333c11f6930f03689af16ae9fb1d34c.webp" alt="" class="wp-image-181161" srcset="https://cdn.thebittimes.com/images/2024/06/06/f333c11f6930f03689af16ae9fb1d34c.webp 1024w, https://cdn.thebittimes.com/images/2024/06/06/f333c11f6930f03689af16ae9fb1d34c.webp 300w, https://cdn.thebittimes.com/images/2024/06/06/f333c11f6930f03689af16ae9fb1d34c.webp 768w, https://cdn.thebittimes.com/images/2024/06/06/f333c11f6930f03689af16ae9fb1d34c.webp 1104w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>DOGE market cap. Source: CoinMarketCap</em> <br>
  </figcaption>
 </figure>
 <p class="paragraph">Dogecoin whales have shown increased interest in the leading meme coin, accumulating the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency in the past few days. In a week, these highly capitalized investors added over 1 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> DOGE to their stack, worth $157 million.</p>
 <p class="paragraph">A crypto trader,<em> Kevin</em>, has provided further insights into the technical indicators suggesting an imminent breakout for Dogecoin.</p>
 <p class="paragraph">He highlighted the two-month Bollinger Bands Breakout indicator, which is signaling a major movement for the first time since November 2020.&nbsp;</p>
 <p class="paragraph">Additionally, the approaching two-month LMACD bullish cross points to significant upcoming price action. His analysis suggests that Dogecoin is preparing for a substantial move, similar to its past performance patterns.</p>
 <p class="paragraph">Dogecoin also stands to benefit from its steadfast supporters, including Tesla (NASDAQ: TSLA) CEO Elon Musk, and associated products.&nbsp;</p>
 <p class="paragraph">At press time, Dogecoin is trading at $0.1631 and has a market capitalization of $23.58 billion, requiring an upside of approximately 112% to reach the $50 billion mark.</p>
 <p class="paragraph">Both XRP and DOGE are strategically positioned to potentially achieve the $50 billion market cap milestone, driven by their ecosystem developments and the prevailing bullish sentiment in the market.&nbsp;</p>
 <p class="paragraph">However, the inherent volatility of the cryptocurrency market necessitates cautious investment. Investors should continuously monitor market trends and individual asset performance to capitalize on these opportunities effectively.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/2-cryptocurrencies-to-reach-50-billion-market-cap-in-the-second-half-of-the-year-tbt91553.html">https://thebittimes.com/2-cryptocurrencies-to-reach-50-billion-market-cap-in-the-second-half-of-the-year-tbt91553.html</a></p>

2 cryptocurrencies to reach $50 billion market cap in the second half of the year

Table of Contents

TheBitTimes

Other articles published on Jun 5, 2024

OG Crypto Investors Discard XRP Out of Portfolio as Price Movement Lags, Next-Gen DTX Exchange Ta...

6 Best Cheap Crypto to Buy Now Under 1 Cent June 5 – Sad Hamster, Nigi, Bubba, Bonk

6.52 Billion Dogecoin (DOGE) in 24 Hours Reaches Weekly High

Fidelity Investment Officer Talked About Bitcoin – “Even a Small Share…”

RCO Finance (RCOF) Displaces Moonbag and Rollblock (RBLK) As 1 Crypto To Buy Before Next Altcoin ...

Coinbase Launches Smart Wallets To Simplify Crypto Onboarding

Join our free newsletter for daily crypto updates!