2 cryptocurrencies to reach $5 billion market cap by the year-end
2 cryptocurrencies to reach $5 billion market cap by the year-end 
Cryptocurrency Nov 16, 2024 Share
The cryptocurrency market, despite its inherent volatility, continues to offer opportunities for substantial growth as certain projects stand out with significant potential.
Currently, the global cryptocurrency market cap is steady at $3.18 trillion, with a 1.9% change over the past 24 hours, signaling a period of increased optimism among investors.
In light of this, Finbold has identified two cryptocurrencies most likely to exceed the $5 billion capitalization threshold by year-end.
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These selections are supported by strategic advancements, robust ecosystem growth, and growing investor confidence.
However, it is important to note that no outcome is guaranteed, as each cryptocurrency’s performance will depend on a complex interplay of factors, including market dynamics, adoption rates, and macroeconomic conditions in the coming months.
Hedera (HBAR)
Hedera (HBAR) is showing strong potential to achieve a $5 billion market cap, driven by a combination of recent developments and its robust ecosystem.
Currently priced at $0.08502 with a market cap of $3.2 billion, HBAR has gained over 67% in the past week, reflecting heightened investor interest and momentum.
Hedera price and market cap. Source: CoinMarketCap
The recent filing by Canary Capital for an HBAR exchange-traded fund (ETF) has brought renewed optimism to the market, as such investment vehicles tend to increase accessibility and attract institutional interest.
The ongoing technical breakout further reinforces the bullish sentiment around HBAR. Having breached resistance levels at $0.07986, the token shows room for further upward movement.
Additionally, Hedera’s active role in real-world asset tokenization positions it favorably in a rapidly expanding market.
Combined with robust trading volume nearing $975 million in the past 24 hours and increasing institutional focus, HBAR appears well-positioned to capitalize on its momentum, making the $5 billion valuation an achievable milestone in the near term.
Polygon (POL, formerly MATIC)
Polygon (POL, formerly MATIC) is uniquely positioned to achieve a $5 billion market cap due to its robust ecosystem growth and increasing institutional adoption.
Recently, BlackRock expanded its USD Institutional Digital Liquidity Fund (BUIDL) to Polygon, unlocking access to tokenized U.S. Treasury yields and emphasizing the network’s scalability and institutional appeal.
This integration with one of the largest asset managers in the world strengthens Polygon’s role in providing seamless on-chain liquidity and accessibility for decentralized finance (DeFi) products.
With the global tokenized real-world asset market estimated to exceed $30 trillion, Polygon’s involvement in this space significantly strengthens its value proposition.
Furthermore, Polygon’s advancements in Ethereum scalability, such as zk-rollups supporting 65,000 transactions per second (TPS) and collaborations with platforms like Immutable for Web3 gaming, have further cemented its position.
Polygon price and market cap. Source: CoinMarketCap
Currently priced at $0.4149 with a market cap of $974.47 million, Polygon’s strategic initiatives, technical advancements, and increasing adoption make it well-equipped to multiply its valuation and achieve the $5 billion milestone.
As the broader cryptocurrency market continues to evolve, these digital assets offer significant opportunities for investors looking to capitalize on the next wave of growth.
Featured image via Shutterstock
