As the cryptocurrency market recovers from a period of volatility, some digital assets are emerging as leaders, demonstrating both resilience and significant growth potential.
While the overall market is showing signs of recovery, individual altcoins stand out due to their strong fundamentals, innovative developments, and growing community interest.
Among them, several cryptocurrencies are expected to make significant waves in the coming weeks. With important updates on the horizon, these digital assets are poised for a potential breakout.
In this context, Finbold singled out two such assets that are likely to attract significant capital inflows, bringing them closer to the US$1 billion market capitalization mark – a threshold they are already approaching and should reach by September.
Flow (FLOW)
Flow (FLOW) currently has a good chance of reaching a market cap of $1 billion due to its robust ecosystem and favorable market conditions.
Developed by Dapper Labs, Flow is a decentralized blockchain designed for high-speed transactions and a developer-friendly environment focused on the next generation of digital assets and applications.
The upcoming Crescendo network upgrade, scheduled for September 4, is a critical catalyst for Flow’s growth. This upgrade aims to connect Flow to the broader Web3 ecosystem, increasing its interoperability and usefulness.
At a current price of $0.6136 and a market cap of $937,141,505, Flow needs a modest 6.7% gain to reach the $1 billion mark, a goal that is well within reach given current market trends.
The latest derivatives data further supports this optimistic outlook. A notable increase in trading volume and open interest points to increased market activity, while long/short ratios on major platforms such as Binance show a strong bias towards long positions.
The liquidation of short positions suggests that short sellers are being squeezed out, creating additional upward pressure on the price of Flow. With these positive signals and the upcoming network upgrade, Flow has a good chance of reaching a market cap of $1 billion in the near future.
MultiversX (EGLD)
MultiversX (EGLD), currently valued at $896.41 million, is another strong candidate for a $1 billion market cap.
The platform is on the verge of significant growth, driven by the upcoming Spica network upgrade and innovative security features. One of the most promising developments is the introduction of passwords, a passwordless authentication method that could revolutionize blockchain security.
Additionally, MultiversX’s partnership with MetaMask to implement two-factor authentication (2FA) on the blockchain through the Guardians feature provides an additional layer of security, protecting users even if their seed phrases are compromised.
As Bitcoin begins to gain momentum, trading experts are highlighting MultiversX as a key altcoin to watch given its strong fundamentals and upcoming events reported by Finbold.
Given the growing concerns about crypto phishing scams, these advancements are timely and could attract more users to the platform. With these developments, MultiversX is well on its way to surpassing $1 billion in market cap, fueled by increased adoption and investor confidence.
Amid recent market challenges, Flow and MultiversX stand out as cryptocurrencies with significant growth potential.
With upcoming updates and market presence, both assets have a good chance of reaching a market cap of $1 billion by September.
Investors should keep a close eye on these developments as continued bullish momentum could take these digital assets to new heights.
Disclaimer:The content of this website should not be considered investment advice. Investing is speculative. When investing, your capital is at risk
