Notcoin

2024

Synthetix

<div class="finbold">
 <p class="paragraph">As the first half of 2024 draws near, the cryptocurrency market has seen a significant sell-off, eroding the market capitalization of many assets.&nbsp;</p>
 <p class="paragraph">However, some cryptocurrencies still show strong potential for growth. Buoyed by strong underlying fundamentals, increasing community interest, and other favorable factors, these select cryptocurrencies could benefit if the market regains its bullish momentum.</p>
 <p class="paragraph">Finbold has identified two <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a> likely to attract significant capital inflows in the first half of 2024, propelling them toward the $1 <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 mark. Notably, these assets are already nearing this significant milestone.</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">
    AI revises XRP price prediction for end of 2024 <span class="self-center text-xs text-slate-500">51 mins 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">
    Sell signal for two overbought <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a> this week <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">
    Ripple makes $25 million contribution to spotlight <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> in 2024 elections <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">
    Trader nets 419x profit by selling SHIB after 3-year hold <span class="self-center text-xs text-slate-500">4 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-1-synthetix-snx"><strong>1. Synthetix (SNX)</strong></h2>
 <p class="paragraph">Synthetix is a decentralized protocol on Ethereum (ETH) for issuing and trading synthetic assets. It addresses liquidity and slippage issues in decentralized exchanges (DEX), supporting synthetic fiat <a rel="noopener noreferrer nofollow" title="currencies" href="https://thebittimes.com/tag/currencies.html">currencies</a>, <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a>, and commodities.&nbsp;</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="181" src="https://cdn.thebittimes.com/images/2024/05/29/5155980203a532f151d6273e603cdcfe.webp" alt="" class="wp-image-179382" srcset="https://cdn.thebittimes.com/images/2024/05/29/5155980203a532f151d6273e603cdcfe.webp 1024w, https://cdn.thebittimes.com/images/2024/05/29/5155980203a532f151d6273e603cdcfe.webp 300w, https://cdn.thebittimes.com/images/2024/05/29/5155980203a532f151d6273e603cdcfe.webp 768w, https://cdn.thebittimes.com/images/2024/05/29/5155980203a532f151d6273e603cdcfe.webp 1063w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>SNX market cap. Source: CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">Currently, Synthetix is trading at $2.93 with a market cap of $959,783,821. Given its proximity to the $1 billion mark, it only needs a modest increase in market capitalization to reach this milestone.</p>
 <p class="paragraph">Recently, Synthetix has seen a massive surge in trading activity, with derivatives trading volume advancing by 208% over the past few days. This increase in trading volume has led to a 17.1% rise in open interest, now totaling $27 million.&nbsp;</p>
 <p class="paragraph">The price of SNX is trading between the 50-day and 200-day EMAs, indicating uncertainty. However, the MACD line has advanced to a bullish trajectory, and the relative strength index (RSI) has risen above the 50 level, currently at 62.02, signaling bullish momentum.</p>
 <h2 class="wp-block-heading" id="strong-2-notcoin-not-strong"><strong>2. Notcoin (NOT)</strong></h2>
 <p class="paragraph">Notcoin (NOT) was initially introduced as a reward token for a Telegram game designed to onboard users to The Open Network (TON). Its unique application in the gaming world has garnered significant interest, contributing to its growth potential.&nbsp;</p>
 <p class="paragraph">Currently trading at $0.00949 with a market cap of $957,457,791, Notcoin recently experienced a 115% rally from May 24 to May 28, facing resistance at $0.0099.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="139" src="https://cdn.thebittimes.com/images/2024/05/29/6a9c6757329b0d80f4594868ef845925.webp" alt="" class="wp-image-179383" srcset="https://cdn.thebittimes.com/images/2024/05/29/6a9c6757329b0d80f4594868ef845925.webp 1024w, https://cdn.thebittimes.com/images/2024/05/29/6a9c6757329b0d80f4594868ef845925.webp 300w, https://cdn.thebittimes.com/images/2024/05/29/6a9c6757329b0d80f4594868ef845925.webp 768w, https://cdn.thebittimes.com/images/2024/05/29/6a9c6757329b0d80f4594868ef845925.webp 1054w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>NOT&nbsp; market cap. Source: CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">The RSI remained above the neutral 50 level, indicating bullish momentum. Fibonacci retracement levels show $0.0072 and $0.0066 as important support levels, with a rally towards $0.0112 and $0.0132 being more likely.</p>
 <p class="paragraph">Notcoin’s strong performance and growing market cap suggest it is well-positioned to reach the $1 billion milestone soon. Key levels to watch include resistance at $0.010 and support at $0.0048 and $0.0051.</p>
 <p class="paragraph">Notcoin’s market performance and strategic use in gaming position it to attract further investment. This could propel it past the $1 billion market cap in the first half of 2024.</p>
 <p class="paragraph">Given the historical tendency of these cryptocurrencies to trade in line with the broader market, any short-term recovery in overall market sentiment will likely ignite a surge in buying pressure, contributing to the potential achievement of the $1 billion threshold.</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-1-billion-market-cap-in-the-first-half-of-2024-tbt90385.html">https://thebittimes.com/2-cryptocurrencies-to-reach-1-billion-market-cap-in-the-first-half-of-2024-tbt90385.html</a></p>

2 cryptocurrencies to reach $1 billion market cap in the first half of 2024

Table of Contents

TheBitTimes

Other articles published on May 29, 2024

Lido Finance Collaborates with SSV Network to Showcase DVT Power

8.3 Trillion Shiba Inu in 24 Hours, SHIB Eyes Erasing One Zero

Cathie Wood's Ark Sees 'Great Legislative Breakthroughs' For Crypto If FIT21 Sails Smoothly In Se...

JP Morgan Says Solana ETF Expectations Is A Pipe Dream, Here’s Why

Iggy Azalea’s MOTHER Coin Faces Insider Trading Scandal

Comparison between Farcaster and friend tech: The Competition between Financial Socialization and...

Join our free newsletter for daily crypto updates!