2 digital currencies that will soon reach a market value of 5 billion dollars
August was a challenging month for digital currency investors and we witnessed an overall unfavorable market that led to losses for traders. With the arrival of the moon Septemberlooking for Two digital currencies prone to growth We found that they can have a better situation and within the next 30 days The market value is 5 billion dollars arrive
According to Finbold, market value is a popular measure to access the nominal value of an asset, which is calculated by multiplying the price by its circulating supply. This is very important in the space of digital currency, considering that every digital currency can have a desired supply and toconomics.
In this report, we have selected two projects that are likely to cross the $5 billion market cap mark in September. However, there is no guarantee that this will happen and the performance of any cryptocurrency will depend on many factors.
Litecoin (LTC)
The first is Litecoin (LTC), which is close to $5 billion with a market cap of $4.9 billion and is struggling to surpass it. Each litecoin is now trading at $65.95, however, the price of litecoin has also dropped as low as $61.75 in the past seven days.
With a circulating supply of 74.9 million units, Litecoin has an easy task ahead of it and should reach a price of $66.75 in September with a 1.21% upside move before finally reaching a market cap of $5 billion.
It should be noted that Litecoin benefits from lower transaction fees and faster verification times than Bitcoin (BTC). This digital currency has one of the strongest network effects in the digital currency industry and is heavily supported by many service providers.
In addition, Litecoin has grown significantly as one of the most popular payment methods among providers and has made significant gains according to the data.
This growing demand could fuel Litecoin's positive performance not only in September, but also in the upcoming bull market.
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NEAR
The second one, the NEAR protocol, ranks 24th in the market with a market capitalization of $4.6 billion, after Litecoin. The project's native token, NEAR, is trading at $4.13 with a circulating supply of 1.1 billion and continuous supply inflation.
Nair increased up to $4.25 and decreased up to $3.95 in the last seven days. Essentially, Nair's price needs to reach a target above $4.54 to reach the $5 billion market cap target.
The NIR protocol provides a highly scalable layer one network for smart contracts and decentralized applications. Its current focus is on decentralized artificial intelligence (AI) and chain abstraction, which makes the protocol easier to use.
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Collectively, both Litecoin and Nair are close to reaching a $5 billion market cap in September, which is better than the August crash. However, the market is unpredictable and these assets may still see more negative performance and lose value despite the promising scenario.
