Expert Opinion: These 2 Altcoins May Attack in July!

The broader cryptocurrency market has experienced significant volatility recently. Although June started off on a strong note, investor sentiment shifted from greed to caution by the second week, leading to major price declines. Despite these challenges, some cryptocurrencies are approaching major market cap milestones. Crypto expert Aneena Alex says the two altcoin projects have the potential to reach a market value of $100 billion in July.

first place altcoin: BinanceCoin (BNB)

BNB, Binance’s native token, displays strong potential to reach and possibly surpass the $100 billion market cap. This potential stems from strategic expansions and innovations in the Binance ecosystem. Recently, the altcoin price fell below the $590 support level. However, it found a solid base at $560. If the bulls push the price above the moving averages, BNB could rise to $617. Additionally, if it continues this could potentially reach $722. With Binance’s price cuts and rising market trends, BNB is well positioned for significant market cap growth in the near future.

BNB market value. Source: CoinMarketCap

Second candidate for one hundred billion dollars: Solana (SOL)

Solana is currently the fifth largest cryptocurrency with a market value of $70 billion. The project has strong investor interest and belief. The Solana ecosystem has seen a significant increase in activity, especially with SOL-based chest coins. The altcoin is currently priced at $131.16. Solana has increased its presence in the market by becoming the platform of choice for chest coin issuers. 3iQ recently underlined strong institutional interest by announcing that it plans to launch North America’s first public Solana listed product on the Toronto Stock Exchange (TSX).

LEFT market value. Source: CoinMarketCap

Although it recently fell below the descending channel formation, SOL showed resilience. If the price breaks above the resistance line, it could rise as high as $176. Therefore, this indicates a solid recovery. With increasing adoption and valuable institutional support, Solana is on track to approach a $100 billion market cap.

Market sentiment and strategic moves

Both BNB and Solana are making strategic breakthroughs and showing resilience. This positions them as top contenders to reach the $100 billion market cap by July. However, whether these cryptocurrencies reach this milestone will largely depend on broader market dynamics in the coming weeks. Investors and traders should keep a close eye on these cryptocurrencies as they continue to evolve and capitalize on their strengths.

The opinions and assumptions in the article are those of the expert and are definitely not investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.