The cryptocurrency market has been notably volatile in the past week, exhibiting both sharp declines and brief recoveries.
Despite these fluctuations, certain cryptocurrencies continue to demonstrate robust growth potential. In this context, Finbold has identified two cryptocurrencies that could surpass the $1 billion market cap threshold in July.
Supported by underlying fundamentals, rising community interest, and other favorable factors, these select cryptocurrencies may benefit significantly if the market regains its bullish momentum.
Quant (QNT)
Quant (QNT) is a platform designed to integrate multiple distributed ledger technologies (DLTs) by eliminating communication barriers between them.
The primary issue Quant aims to address is the low adoption of DLTs. Users lack the technical means to migrate their data between different DLTs, preventing them from choosing the best option for their needs.
Quant market cap. Source: CoinMarketCap
As of the latest data, Quant is trading at $76.24 with a market cap of $920,481,307. The token had been stuck within a descending range but recently showed signs of a strong rebound. The volume has remained at average levels, indicating moderate trader involvement. However, a significant price rebound from the lower support of the wedge suggests a potential breakthrough.
Quant’s price has formed consistent lower highs and lows, reflecting growing bearish strength. Nonetheless, the latest rebound, fueled by increased buying pressure, indicates a trend reversal.
The MACD levels have undergone a bullish crossover with a slight rise in buying volume, suggesting that the QNT price might break above the current consolidation.
Given these indicators, Quant is on track to surpass the $1 billion market cap if the bullish momentum continues.
Flow (FLOW)
Flow (FLOW), the native token of the Flow blockchain created by Dapper Labs, is essential for powering decentralized applications (dApps) and digital assets. Flow aims to provide a high-performance, user-friendly platform that tackles scalability without sacrificing decentralization.
Flow recently has shown an uptrend, with its price rising from previous lows. As of the latest data, Flow is trading at $0.6143, marking a 1-day increase of 1.06% and a market cap of $928,724,525.
Flow market cap. Source: CoinMarketCap
The recent price movement indicates strong buying pressure and a bullish market sentiment. The price reached a peak at $0.6156 before facing resistance and retracing to $0.6206.
The RSI at 34.75 suggests that Flow is in oversold territory, potentially indicating a buying opportunity.
The MACD line is slightly above the signal line, with the histogram indicating slight bullish momentum. If the current trend persists, Flow is well-positioned to achieve the $1 billion market cap.
Both Quant and Flow exhibit significant growth potential amid the current volatile market conditions. Quant’s innovative approach to DLT interoperability and Flow’s robust platform for decentralized applications position them as strong contenders to achieve a $1 billion market cap.
Investors and traders should closely monitor these assets, as their underlying fundamentals and positive market sentiment could drive substantial gains in the coming months.
As always, thorough research and cautious investment strategies are recommended when navigating the dynamic cryptocurrency market.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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