Dogecoin

X Payments

Gold

<div class="finbold">
 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> is showing signs of recovery, with the total <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> capitalization rising by approximately 2.50% in the last 24 hours to <a rel="noopener noreferrer nofollow" title="reach" href="https://thebittimes.com/tag/reach.html">reach</a> $2.55 trillion on May 18.&nbsp;</p>
 <p class="paragraph">This ongoing bullish sentiment particularly benefits several cryptocurrencies on the verge of significant market cap milestones, notably the $50 billion mark.</p>
 <p class="paragraph">Finbold has identified two altcoins—XRP (XRP) and Dogecoin (DOGE)—that could potentially reach a market cap of $50 billion by the first half of 2024. These digital assets have favorable conditions that could drive their market capitalization higher.</p>
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 <h2 class="wp-block-heading" id="h-xrp">XRP</h2>
 <p class="paragraph">XRP’s price performance has been challenging for many investors, staying mostly below $1 and struggling to hold support above $0.50. Despite this, optimism is growing about XRP’s future. The ongoing legal disputes between Ripple and the Securities and Exchange Commission (SEC) could be resolved positively for Ripple, providing a significant boost for XRP.</p>
 <p class="paragraph">Ripple’s upcoming stablecoin launch is anticipated to attract more users to its platform, benefiting XRP. This new development could drive further adoption and enhance Ripple’s ecosystem.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="126" src="https://cdn.thebittimes.com/images/2024/05/18/310704b507adb97fabe9aaf4a496180b.webp" alt class="wp-image-176760" srcset="https://cdn.thebittimes.com/images/2024/05/18/310704b507adb97fabe9aaf4a496180b.webp 1024w, https://cdn.thebittimes.com/images/2024/05/18/310704b507adb97fabe9aaf4a496180b.webp 300w, https://cdn.thebittimes.com/images/2024/05/18/310704b507adb97fabe9aaf4a496180b.webp 768w, https://cdn.thebittimes.com/images/2024/05/18/310704b507adb97fabe9aaf4a496180b.webp 1242w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>XRP market capitalization. Source: CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">Notably, XRP whales have been accumulating the token significantly. Data from <em>Santiment</em>, highlighted by on-chain analyst<em> Ali Martinez</em>, shows that whale addresses holding between 1 million and 10 million XRP stacked $55 million in the past two weeks. This accumulation trend suggests that large investors are confident in XRP’s potential.</p>
 <p class="paragraph">Additionally, XRP’s price has been rising due to a broader market recovery and cooling inflation in the U.S.&nbsp;</p>
 <p class="paragraph">As the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> approaches the first half of 2024, these factors could potentially set the stage for a rally, possibly leading 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> capitalization. Currently, XRP is trading at $0.50 with a <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap of $27.64 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>.</p>
 <h2 class="wp-block-heading" id="dogecoin-doge">Dogecoin (DOGE)</h2>
 <p class="paragraph">By mid-2024, the meme coin DOGE&nbsp; seems poised to reach the $1 milestone and potentially achieve a $50 billion market cap. The large-cap meme coin has a fully diluted valuation (FDV) of about $28 billion and approximately 7 million on-chain holders.</p>
 <p class="paragraph"><br>Renowned crypto analyst <em>World Of Charts</em> suggests that Dogecoin is approaching a critical descending trendline, with a potential breakout that could trigger a 100% surge in its price, aiming for a target of approximately $0.29.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="133" src="https://cdn.thebittimes.com/images/2024/05/18/cee37fa3e30528b3006bb8ba763e7bed.webp" alt class="wp-image-176761" srcset="https://cdn.thebittimes.com/images/2024/05/18/cee37fa3e30528b3006bb8ba763e7bed.webp 1024w, https://cdn.thebittimes.com/images/2024/05/18/cee37fa3e30528b3006bb8ba763e7bed.webp 300w, https://cdn.thebittimes.com/images/2024/05/18/cee37fa3e30528b3006bb8ba763e7bed.webp 768w, https://cdn.thebittimes.com/images/2024/05/18/cee37fa3e30528b3006bb8ba763e7bed.webp 1240w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>DOGE market capitalization</em>.<em> Source: CoinMarketCap</em>
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 <p class="paragraph">Dogecoin benefits from strong backing by Tesla (NASDAQ: TSLA) CEO Elon Musk, who has been an outspoken supporter of the coin. Additionally, products like the upcoming X Payments could further enhance Dogecoin’s utility in payments.</p>
 <p class="paragraph">Currently, DOGE is trading at $0.1525 with a market cap of $28 billion, needing a significant boost to reach the $50 billion milestone by May 2024.</p>
 <p class="paragraph">These two cryptocurrencies are likely to attract increased investment if the cryptocurrency market continues its bullish momentum, pushing their market caps over the $50 billion threshold.</p>
 <p class="paragraph">As the cryptocurrency market is highly volatile it is crucial for cryptocurrency investors to conduct thorough research and prioritize robust projects to ensure sound capital allocation.</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>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/2-cryptocurrencies-to-reach-50-billion-market-cap-in-the-first-half-of-2024-tbt88780.html">https://thebittimes.com/2-cryptocurrencies-to-reach-50-billion-market-cap-in-the-first-half-of-2024-tbt88780.html</a></p>

2 cryptocurrencies to reach $50 billion market cap in the first half of 2024

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