As 2024 comes to a close, the cryptocurrency market remains a place of sharp volatility, creating both challenges and opportunities for traders and investors.
While massive sell-offs and bearish sentiment dominate the broader narrative, several standout altcoins are defying the odds, gaining traction thanks to fundamentals, upcoming updates and growing community support.
These digital assets are poised for major market capitalization milestones as signs of market stabilization emerge.
Against this backdrop, Finbold has identified two cryptocurrencies, Horizen (ZEN) and Conflux (CFX), as prime candidates to reach $1 billion market capitalization in 2025.
Horizen (ZEN)
Horizen is gaining momentum as it could potentially reach a $1 billion market cap in 2025. ZEN, currently valued at $582 million, rose 157% with 24-hour trading volume exceeding $320 million, according to the company. CoinMarketCap data.
The surge comes after Grayscale filed a Form 8-K with the SEC for its Horizen Trust, which privately issued 3.56 million shares associated with 304,034 ZEN tokens worth $4.71 million, signaling increased institutional interest.
The rise in prices can also be attributed to several factors, including growing market confidence and an influx of investors looking to benefit from the regulated investment vehicle.
Further bolstering the bullish outlook, Horizen recently underwent a final halving in December 2024 and plans to transition from Proof of Work to Proof of Stake in 2025, increasing scarcity as part of its new tokenomics.
Amid the broader market recovery, ZEN has emerged as a standout player. Analysts predict that ZEN could reach $50 by March 2025, potentially increasing its market capitalization to $1 billion as adoption and demand grow.
Conflux (CFX)
Conflux is gaining momentum, approaching a $1 billion market capitalization that is currently valued at $800 million. Over the past 24 hours, the token recorded an 8.31% increase, helped by strong trading volumes of $53.67 million.
A significant increase in open interest of 11.49%, which now stands at $33.88 million, highlights growing investor activity and confidence in CFX’s future price movements. Binance is dominated by long positions in CFX, with a long/short ratio exceeding 2:1, signaling bullish sentiment among traders.
With the broader market showing signs of recovery and increased demand for CFX, the token appears well positioned to reach this milestone.
For investors and traders, both Horizen and Conflux offer attractive opportunities backed by fundamentals and bullish technical indicators.
Close monitoring of key price levels, trading volumes and ecosystem developments will be critical to capitalizing on their potential as these assets prepare for their next phase of growth.
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