The post 2 cryptocurrencies to reach $5 billion market cap in the second half of the year appeared on BitcoinEthereumNews.com.

The expanding role of decentralized finance (DeFi), enhancements in blockchain scalability, and the increasing use of smart contracts are expected to fuel a significant altcoin rally.  This surge could push several altcoins beyond the $5 billion market cap mark, marking a major milestone in their valuation and influence within the broader cryptocurrency landscape. Finbold has identified two cryptocurrencies that are on track to achieve this milestone. Their growth potential hinges on the continuation of the bull market and factors like supply inflation. Notably, even if their prices remain stable, high supply inflation could elevate their market cap. Aptos (APT) Aptos (APT) is on the verge of reaching the $5 billion market cap milestone due to its remarkable performance and expanding ecosystem. Recently, Aptos achieved a record daily transaction volume, outpacing networks like Solana (SOL) and Sui (SUI) with its impressive 32,000 transactions per second (TPS) capability. The surge in activity is largely attributed to the game “Tapos Cat,” which significantly boosted network usage. Aptos price and market cap. Source: CoinMarketCap In May, the 7-day moving average of user transactions on Aptos soared to 47 million, up from less than 1 million at the start of the month. This spike, driven by “Tapos Cat,” showcases Aptos’s potential to handle high transaction demand. Despite the campaign’s end, Aptos’s integration with major partners like Microsoft (NASDAQ: MSFT), Google Cloud, and Universal Pictures demonstrates its growing influence.  Additionally, Aptos has integrated Chainlink’s CCIP and Data Feeds to boost decentralized app development. Currently priced at $7.90  with a market cap of $3.56 billion, Aptos is well-positioned to surpass the $5 billion mark. Render (RNDR) Render (RNDR) is another cryptocurrency poised to break the $5 billion market cap barrier. It offers innovative blockchain-based rendering services for content creators and developers.  Render has seen a steady upward…

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Filed under: News - @ June 15, 2024 6:24 pm