NEAR Protocol

2024

Billion

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/cryptocurrencies-target-10-billion-cap" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrencies Target $10 Billion Cap</a><br></p>
<p style="text-align: justify">As the first quarter of 2024 concludes, a notable bullish surge in the cryptocurrency market appears to be on the horizon. This positive trend is essential for digital currencies striving to reach a $10 billion market cap. This article delves into the performance and future prospects of two cryptocurrencies aiming for this milestone.</p>
<h2 id="how-is-near-protocol-performing">How is NEAR Protocol Performing?</h2>
<p style="text-align: justify">NEAR Protocol (NEAR), a well-known competitor to Ethereum, ranks among the top 20 cryptocurrencies. Currently priced at $7.97 with a market cap surpassing $8.5 billion, NEAR has made significant strides in <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">artificial intelligence</a>, bolstering its market position. Recent months have witnessed a considerable uptick in trading volumes and a rising open interest demand, suggesting a potential price hike. NEAR has seen a 13% increase over the last month and a 113% surge since the start of the year, mirroring the ascent of AI tokens.</p>
<h2 id="what-are-polygon-s-prospects">What Are Polygon’s Prospects?</h2>
<p style="text-align: justify">Polygon (<a href="https://en.bitcoinhaber.net/polygons-advanced-aggregation-tech-to-bolster-swells-restaking-protocol" data-wpel-link="internal" rel="noopener noreferrer nofollow">MATIC</a>), known for its role as an Ethereum scaling solution, faces short-term price uncertainty, with most indicators pointing to a consolidation phase. MATIC currently has a market cap of $7.15 billion and trades at $0.7232, reflecting a modest 1.2% rise over the past week. Despite being close to its resistance level of $0.72 and support at $0.60, if MATIC maintains above this resistance, it could advance to $0.84. Although the broader market has experienced a decline post the robust first quarter, Polygon may recover and its value could return to $1.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">Investors can draw valuable insights from the recent developments in NEAR and Polygon:</p>
<ul>
 <li>NEAR’s advancements in AI could drive further price increases.</li>
 <li>Polygon’s price consolidation may present buying opportunities.</li>
 <li>Monitoring resistance and support levels is crucial for <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">strategic investments</a>.</li>
 <li>Market trends and external factors like Nvidia’s impact can influence future price movements.</li>
</ul>
<p style="text-align: justify">Given the current market dynamics and advancements, both NEAR Protocol and Polygon are strong contenders to achieve the coveted $10 billion market cap. Investors should watch these cryptocurrencies closely as they show promise amid a potential bull rally in 2024.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/cryptocurrencies-target-10-billion-cap" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrencies Target $10 Billion Cap</a></h5>

Cryptocurrencies Target $10 Billion Cap

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