The cryptocurrency market has witnessed a significant decline, affecting the value of many cryptocurrencies. However, amid this bearish trend, several altcoins are showing growth potential stemming from fundamentals, increased community interest, and strategic advances. According to crypto expert Aneena Alex, these positive factors position them to attract valuable capital inflows and potentially surpass the $1 billion market cap milestone. The expert shares two altcoins that are on the verge of this milestone.
Starknet (STRK) is in first place
Starknet (STRK) is a Validity-Rollup (ZK-Rollup) Layer 2 network on Ethereum (ETH) that increases scalability for decentralized applications (dApps) without compromising security. Despite recent market fluctuations, Starknet has made significant progress. The upcoming integration of AI agents that can autonomously perform on-chain activities to optimize returns and reallocate portfolios is expected to drive significant user engagement and operational efficiencies.
The market value of Starknet, which is currently trading between $0.70 and $1.10, is $927 million. Despite recent price declines, the altcoin has increased by 50% in the last six months. These technological advances and sustainable long-term performance put Starknet in a good position to surpass the $1 billion market cap milestone.
Second ranked altcoin: Ethena (ENA)
Ethena (ENA) is a digital dollar platform built on Ethereum and offers a cryptocurrency-based alternative to classical banking systems through the ‘Internet Bill’. Integration with LayerZero’s Decentralized Validator Network (DVN) framework increases the reliability and functionality of the platform. This makes it more attractive to users and investors.
Meanwhile, Ethena’s revised tokenomics requires users to lock up at least 50% of their airdropped tokens. Therefore, it is possible that this could reduce supply and potentially increase demand. Ethena’s current market capitalization is $965 million. ENA has increased by over 100% in the last six months. Thus, Ethena is on track to surpass the $1 billion milestone.
However, several factors will be crucial for these cryptocurrencies to reach the $1 billion market cap milestone. These projects need to continue their technological innovation and maintain investor interest. In addition, favorable market conditions and strategic partnerships are also valuable. These factors can enable projects to grow further. Thus, it can help these entities surpass this valuable milestone.
The opinions and predictions in the article are those of the expert and are not necessarily investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.