Two cryptos aim for a $100 billion market cap milestone in April 2024. In the cryptocurrency market, April plays a crucial role because of the expected Bitcoin (BTC) halving event, which might start favorable trends that spread to the rest of the industry.
The market has been generally optimistic throughout the month, and many digital assets are experiencing persistent buying pressure that may affect their market value.
Certain stocks are going to rise as they approach the $100 billion market capitalization level. There are two cryptocurrencies that Finbold believes will exceed this limit.
These assets are getting close to reaching the threshold, and how far they go will depend on several variables, including supply inflation and the bull market’s sustainability.
Will BNB cross the $100 Billion market cap?
Source: Google
\With a market value of $100 billion, Binance coin BNB has the potential to become valuable. This only happens if Binance continues to expand, as more individuals would demand BNB, leading to more people buying it. Several factors, including its status as the primary token of the largest cryptocurrency exchange in the world, could contribute to its $100 billion worth.
Consider the burning of BNB as an example. Binance destroys and buys back some tokens daily, so decreasing the number of tokens in circulation could raise the value of this token and boost its market value.
Also, the developments within its chain industry may enable it to achieve a market worth of $100 billion. Positive outcomes, such as revenue growth and earnings, came to light in the first three months of BNB’s start. It might have a significant impact on its value if these improvements continue in April.
Its price jumped to $62.80 on March 16, the highest level in a few years, when people were optimistic about the platform before declining. Its price will continue to rise further if this positive feeling keeps going strong.
By the end of April, it has the opportunity to surpass $100 billion with its current value of about $87 billion, and it would have to increase by almost 14%. According to the latest news, this cryptocurrency is currently trading at $585, with a small drop of less than 1% in its daily value.
Will Solana (SOL) touch the $100 Billion Cap?
Source: Google
The amazing ability of Solana (SOL) to recover could contribute to its ultimate $100 billion market value. Even in a time of network problems, Solana’s value is evident because its worth remains above $170, showing its stability.
With the introduction of meme currencies on its network and the enormous trade volume on its decentralized exchange (DEX), which has reached almost $60 billion, this token has already experienced significant growth.
As long as the network shows its commitment to solving its ongoing issues, investors are likely to gain more confidence in this cryptocurrency. Anatoly Yakovenko, CEO of Solana, highlighted the problems brought by the current blockchain congestion bugs. He emphasized that solving these issues is more difficult than repairing the entire network. To overcome these obstacles, they involve extensive checking and updates, which can slow down the deployment process.
Also, the price of that cryptocurrency can enjoy the upcoming halving of Bitcoin. The cryptocurrency exchange and analytics company, predicts that on April 20th, the day of the Bitcoin halving, it could reach $321. This analysis takes historical price patterns, market dynamics, and Solana into account.
With its present market value of $79.11, it would need to increase by almost 25% to reach $100 billion.
The likelihood of these cryptocurrencies surpassing the $100 billion milestone is dependent on several factors, but the most important one is that a strong and favorable market trend must continue.
Featured and other images from Google.
