Cryptocurrency

Solana

Toncoin

April

<div class="finbold">
 <p class="paragraph">The cryptocurrency market, alongside other risk assets, has experienced a short-term sell-off amid escalating geopolitical tensions in the Middle East. Indeed, this situation has interrupted the recent bullish momentum.</p>
 <p class="paragraph">Despite these conditions, several cryptocurrencies are demonstrating potential for increased buying pressure, which could impact their market capitalization. Notably, a surge in buying pressure would likely hinge on any bullish momentum anticipated by the market, considering events such as the upcoming Bitcoin (BTC) halving.</p>
 <p class="paragraph">In this context, Finbold has identified two digital assets likely to <a rel="noopener noreferrer nofollow" title="reach" href="https://thebittimes.com/tag/reach.html">reach</a> a <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap of $50 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> by 2024. Some of these assets are already approaching the threshold.</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">
    Cryptocurrency market crashed by $430 billion in 48 hours of fear <span class="self-center text-xs text-slate-500">14 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">
    Solana unveils key upgrade to tackle congestion; What’s next for SOL? <span class="self-center text-xs text-slate-500">17 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">
    2 gold-backed cryptocurrencies to invest in as demand skyrockets <span class="self-center text-xs text-slate-500">17 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">
    Bitcoin halving shakeout: 3 stages to watch ahead of parabolic breakout <span class="self-center text-xs text-slate-500">19 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-toncoin-ton">Toncoin (TON)</h2>
 <p class="paragraph">Toncoin (TON), backed by the messaging platform Telegram, has the potential to reach a market capitalization of $50 billion in April, driven by the token’s recent momentum. The cryptocurrency has surged into the top ten digital assets by market capitalization, adding a staggering $10 billion in the past month. Its value peaked at almost $27 billion on April 11, also marking an all-time high in its price.</p>
 <p class="paragraph">Although the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> has experienced a short-term retreat, several factors remain in play that could potentially propel TON to a <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap of $50 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>. For instance, the platform is expanding into the meme coin space, having airdropped around $2.19 million to the most active meme coin traders. If TON replicates the meme coin frenzy that impacted Solana (SOL), it could be poised to <a rel="noopener noreferrer nofollow" title="reach" href="https://thebittimes.com/tag/reach.html">reach</a> $50 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a>.</p>
 <p class="paragraph">TON’s rise has also triggered the fear of missing out (FOMO), potentially attracting more investors to continue investing in the token. This is particularly appealing considering that TON is still relatively cheaper compared to other assets, such as Bitcoin, making it more attractive.</p>
 <p class="paragraph">Additionally, if TON successfully establishes itself as a key player in the Telegram in-app currency and microtransaction space, its market cap could experience a significant surge, potentially reaching the $50 billion mark.</p>
 <p class="paragraph">As of press time, TON’s market cap stood at $22.71 billion, implying that it would need to rise by 120% to achieve the $50 billion valuation.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="790" height="146" src="https://cdn.thebittimes.com/images/2024/04/14/88b05a655f1c2b0a4b145eab1a0d17f3.webp" alt class="wp-image-168752" srcset="https://cdn.thebittimes.com/images/2024/04/14/88b05a655f1c2b0a4b145eab1a0d17f3.webp 790w, https://cdn.thebittimes.com/images/2024/04/14/88b05a655f1c2b0a4b145eab1a0d17f3.webp 300w, https://cdn.thebittimes.com/images/2024/04/14/88b05a655f1c2b0a4b145eab1a0d17f3.webp 768w" sizes="(max-width: 790px) 100vw, 790px">
  <figcaption class="wp-element-caption"><em>TON market capitalization. Source: CoinMarketCap</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-xrp-nbsp">XRP&nbsp;</h2>
 <p class="paragraph">Prior to the recent market sell-off, XRP was holding steady above the $0.60 support zone. Notably, the token has largely consolidated below the $1 level, with several fundamental factors aligning in its favor.</p>
 <p class="paragraph">Specifically, its focus on remittance and established partnerships with financial institutions position it for potential growth. Although the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) introduces some uncertainty, a successful resolution could pave the way for broader adoption, potentially propelling XRP’s market cap toward the $50 billion mark.</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.&nbsp;</p>
 <p class="paragraph">As of press time, XRP had a market capitalization of $27.07 billion, indicating that the token would need an upside of approximately 84% to reach $50 billion.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="781" height="141" src="https://cdn.thebittimes.com/images/2024/04/14/9c2bc7500ea6f2f92720197e4a4534ff.webp" alt class="wp-image-168754" srcset="https://cdn.thebittimes.com/images/2024/04/14/9c2bc7500ea6f2f92720197e4a4534ff.webp 781w, https://cdn.thebittimes.com/images/2024/04/14/9c2bc7500ea6f2f92720197e4a4534ff.webp 300w, https://cdn.thebittimes.com/images/2024/04/14/9c2bc7500ea6f2f92720197e4a4534ff.webp 768w" sizes="(max-width: 781px) 100vw, 781px">
  <figcaption class="wp-element-caption"><em>XRP market capitalization. Source: CoinMarketCap</em>
  </figcaption>
 </figure>
 <p class="paragraph">With barely two weeks left in April, the mentioned cryptocurrencies’ approach to the $50 billion mark will likely heavily rely on possible bullish momentum. Any rally will significantly hinge on how the markets react to geopolitical tensions.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;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-april-tbt85316.html">https://thebittimes.com/2-cryptocurrencies-to-reach-50-billion-market-cap-in-april-tbt85316.html</a></p>

2 cryptocurrencies to reach $50 billion market cap in April

Innehållsförteckning

TheBitTimes

Andra artiklar publicerade 14 apr. 2024

Option2Trade (O2T) Positioned For Significant Growth Similar to Dogecoin (DOGE)

Nigeria’s Binance crackdown threatens Web3 industry

Chainlink CCIP Introduces Hyper-Secure Bridging App, Transporter

Predicted Altcoin Price Rally Signals 2016/2017 Bull Run Repeat: What to Watch

Crypto Analysts Highlight These Altcoin Strategic Entry Points as Arbitrum (ARB) Returns to 2023 ...

Coinbase challenges SEC on investment contract definition

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!