As May 2024 progresses, the cryptocurrency market is experiencing positive momentum following the recent Bitcoin (BTC) halving event in April. This event is typically viewed as a positive force for Bitcoin and the broader cryptocurrency sector.

Several cryptocurrencies are on the verge of reaching significant market cap milestones, particularly the $1 billion mark. Despite prevailing market conditions, certain assets are displaying strong potential for growth due to solid underlying fundamentals.

Based on this trend, Finbold has identified two cryptocurrencies that are likely to receive a substantial capital influx in May 2024, potentially pushing them towards the $1 billion market cap milestone. These assets are already approaching this important threshold.

Tezos (XTZ), a blockchain platform known for its emphasis on security, decentralized governance, and scalability, has a market cap close to $910 million and is currently priced at $0.9277. The ecosystem has been active, with recent collaborations such as with Magic to enhance dApp onboarding processes. The Tezos Foundation's partnership with Rarible also demonstrates its increasing influence in the NFT and digital marketplace sectors.

JasmyCoin (JASMY), which combines IoT and blockchain technologies to empower users with data ownership, is showing promising growth with a market cap near $905 million and a price of $0.01836. Technical analyses predict a significant price increase for JasmyCoin by the end of May.

Tezos and JasmyCoin are aligned with overall market trends and are positioned to capitalize on positive shifts in market sentiment. If the cryptocurrency market recovers bullish momentum, these two cryptocurrencies are likely to see increased investment that could propel their market caps over $1 billion.

Please note that the information provided is not investment advice, and investment in cryptocurrencies carries risks.