The cryptocurrency market is showing signs of a strong start to April, with many digital assets experiencing increased buying pressure that has led to a rise in their market capitalization. Some cryptocurrencies have the potential to reach the $10 billion market cap mark if the current bullish trend continues throughout the month, with the upcoming Bitcoin (BTC) halving event adding to the positive sentiment.

Certain projects are already close to the $10 billion threshold, and there is potential for them to cross this mark. Apart from relying on the bullish trend, these projects could benefit from high supply inflation, contributing to an increased market cap even with minimal price movements. The cryptocurrencies that are likely to claim the $10 billion market cap include:

Polygon (MATIC)

Polygon (MATIC) is on the verge of hitting the $10 billion milestone, driven by its strong upside potential and unique technology that acts as a scaling solution for Ethereum (ETH), addressing scalability and transaction fee issues. Given Ethereum's dominance, Polygon's solutions are expected to see significant adoption.

For Polygon to achieve a $10 billion market cap, it would need to increase by approximately 1% from its current capitalization, indicating a plausible outcome that could affect its price in the future.

Litecoin (LTC)

Litecoin (LTC) is following Polygon's path and is close to reaching a $10 billion market cap. This growth is supported by Litecoin's reputation for fast transaction processing and lower fees, attracting investors to the project.

In recent months, Litecoin has seen an increase in holders, surpassing eight million towards the end of March. If this trend continues, with more holders entering the market, Litecoin could reach the $10 billion market cap by the end of April.

While speculation about a Litecoin Exchange-Traded Fund has influenced short-term price rallies, Litecoin would need an approximate 30% upside from its current valuation to achieve the $10 billion milestone.

Ultimately, the possibility of Polygon and Litecoin reaching a $10 billion market cap will depend on the market's overall bullish momentum and investor sentiment.

Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Source: The Bit Times