2 cryptocurrencies to reach $5 billion market cap in August
2 cryptocurrencies to reach $5 billion market cap in August 
Cryptocurrency Jul 31, 2024 Share
The cryptocurrency market has recently experienced a downturn, but a recovery appears to be on the horizon for many altcoins. This shift in sentiment is creating opportunities for certain cryptocurrencies to achieve significant market cap milestones.
In this context, Finbold has identified two cryptocurrencies, Uniswap (UNI) and Aptos (APT), with the potential to surpass the $5 billion mark by August.
Both are nearing this milestone, with their trajectory influenced by the continuation of the bull run and factors like supply inflation. Uniswap and Aptos are leveraging strong fundamentals, and strategic partnerships, positioning them for substantial growth.
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Uniswap (UNI)
Uniswap, currently priced at $7.28 with a market cap of $4.37 billion, is on the cusp of significant growth due to its latest technological advancements and strong market fundamentals.
The recent UniswapX upgrade is a game-changer for the platform, introducing a new auction contract that dramatically enhances quoting speeds and trade execution while returning more Miner Extractable Value (MEV) to users.
These improvements are expected to drive substantial increases in user activity and trading volume.
Uniswap price and market cap. Source: CoinMarketCap
This year has seen a surge in DeFi activity, with Uniswap at the forefront, generating up to $1.7 million in daily fees, indicating robust user engagement and revenue potential.
Moreover, Uniswap maintains a significant $4.64 billion in value locked on Ethereum (ETH) and other blockchains, underscoring its strong market position.
These factors combined make Uniswap a strong contender to achieve a $5 billion market cap by August, driven by its continuous innovation, expanding user base, and the overall growth of the DeFi sector.
Aptos (APT)
Aptos, currently priced at $6.57 with a market cap of $3.07 billion, is rapidly emerging as a major player in the blockchain space, driven by innovative projects and exceptional network performance.
The recent launch of Ondo Finance’s yield-bearing stablecoin, USDY, on the Aptos blockchain marks a significant milestone. USDY, backed by U.S. Treasuries, are designed to serve non-U.S. residents, highlighting Aptos’ commitment to democratizing finance and providing financial services to underserved communities.
Aptos has demonstrated extraordinary scalability and network activity. In May 2024, Aptos shattered records by processing 115.4 million transactions in a single day, surpassing Solana (SOL) and setting a new benchmark for daily blockchain transactions.
Aptos price and market cap. Source: CoinMarketCap
This surge propelled Aptos’ transactions per second (TPS) to an all-time high of 32,000, showcasing the network’s capacity to handle massive transaction volumes efficiently.
The combination of innovative stablecoin offerings, record-breaking transaction volumes, and high network scalability underscores Aptos’ potential to reach a $5 billion market cap by August.
The growing market confidence in Aptos, fueled by its continuous technological advancements and strong user engagement, positions it as a formidable contender in the cryptocurrency market.
As the cryptocurrency market shows signs of recovery, both Uniswap and Aptos are well-positioned to achieve significant growth and reach the $5 billion market cap milestone.
Their innovative technologies, strong fundamentals, and strategic initiatives make them standout candidates in the growing digital asset landscape
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
