2 cryptocurrencies to reach $1 billion market cap by year-end 
Cryptocurrency Nov 20, 2024 Share
The cryptocurrency market has experienced heightened volatility amidst rising geopolitical tensions between Ukraine and Russia, leaving investors grappling with uncertainty.
While Bitcoin (BTC) has managed to defy the broader market downturn and reach new highs, many other cryptocurrencies and crypto-related stocks have struggled to sustain their momentum.
Against this backdrop, Finbold has identified two cryptocurrencies, Starknet (STRK) and JasmyCoin (JASMY), on the cusp of significant growth.
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These assets are poised to attract substantial capital inflows, potentially propelling them past the $1 billion market cap milestone, a threshold they are already close to reaching.
Starknet (STRK)
Starknet is on track to achieve a $1 billion market cap by the end of the year, driven by ongoing advancements in its scalability. Currently valued at $950 million, Starknet is just 2.8% shy of crossing the billion-dollar threshold.
STRK market cap. Source: CoinMarketCap
This optimism stems from the network’s expected fourfold increase in transaction speeds, which are anticipated to exceed 1,000 transactions per second (TPS), placing it in direct competition with high-performance blockchains like Solana.
Additionally, Starknet’s ultra-low transaction fees, averaging $0.002, significantly enhance its appeal to developers and users, fostering wider adoption.
As a leading Ethereum Layer 2 scaling solution, Starknet’s combination of improved efficiency and performance positions it strongly to hit the $1 billion mark by year-end, reflecting growing confidence in the Layer 2 ecosystem.
JasmyCoin (JASMY)
Currently trading at $0.02017 with a market cap of $996 million, JASMY needs only a modest 0.31% increase to achieve this milestone.
JASMY market cap. Source: CoinMarketCap
Technical analysis is exhibiting strong bullish momentum, signaling the potential for a significant breakout on the higher time frame (HTF).
Backed by favorable technical indicators and increased market interest, JASMY appears poised for a substantial upward move.
JASMY technical analysis. Source: TradingView
The critical support zone, identified between $0.018 and $0.016, serves as a key level to sustain this bullish outlook. Should this zone hold, JASMY could achieve an impressive upside of 400% to 500% in the coming weeks, aligning with the projected bull market target of $0.10.
Achieving this target would likely propel JasmyCoin beyond the $1 billion market capitalization, driven by robust accumulation trends, supportive technical setups, and improving sentiment within the broader altcoin market.
In conclusion, Both Starknet and JasmyCoin are aligned with broader market trends and are poised to benefit from any positive shifts in market sentiment.
These two cryptocurrencies are likely to attract increased investment if the market sustains its bullish momentum, pushing their market caps over the $1 billion threshold.
Featured image via Shutterstock
