Two cryptocurrencies set to hit 5 billion market cap in latter half of 2021

The Evolution of Decentralized Finance (DeFi) and the rise in blockchain scalability, along with the growing adoption of smart contracts, are expected to drive a notable surge in altcoin value.
This surge could propel several altcoins past the $5 billion market cap threshold, representing a significant milestone in their valuation and impact within the cryptocurrency realm at large.
Finbold has pinpointed two cryptocurrencies that are positioned to achieve this milestone, dependent on the continuation of the bullish market and factors such as supply inflation. It’s worth noting that even if their prices remain stable, high supply inflation could boost their market cap.
Aptos (APT)
Aptos (APT) is on track to hit the $5 billion market cap milestone due to its exceptional performance and expanding ecosystem.
Aptos recently set a new record for daily transaction volume, surpassing networks like Solana (SOL) and Sui (SUI) with its impressive capability of 32,000 transactions per second (TPS). The surge in activity is largely attributed to the popularity of the game “Tapos Cat,” which has significantly increased network usage.
In May, the 7-day moving average of user transactions on Aptos skyrocketed to 47 million, up from less than 1 million at the beginning of the month. This surge, driven by “Tapos Cat,” demonstrates Aptos’s ability to handle high transaction volumes.
Despite the conclusion of the campaign, Aptos’s collaborations with major partners such as Microsoft, Google Cloud, and Universal Pictures highlight its growing influence. Furthermore, Aptos has integrated Chainlink’s CCIP and Data Feeds to enhance decentralized app development. Currently priced at $7.90 with a market cap of $3.56 billion, Aptos is well-positioned to surpass the $5 billion mark.
Render (RNDR)
Render (RNDR) is another cryptocurrency poised to break through the $5 billion market cap barrier. It offers innovative blockchain-based rendering services for content creators and developers.
Render has experienced steady growth, with a 23% increase in the past month and a 5% rise in the last week. The success of Nvidia in the AI sector has instilled confidence in AI tokens like RNDR, leading to significant gains.
Render continues to expand its ecosystem through strategic partnerships and integrations with major digital content platforms and decentralized applications (dApps).
Currently valued at $8.02, Render has a market cap of $3.12 billion and strong potential to surpass its previous all-time high. Despite recent bearish trends, Render’s unique position in digital content creation and continuous technological advancements could propel it to new heights.
Despite the recent downturn in the cryptocurrency market, with overall valuations dropping by 20% and Bitcoin (BTC) by 5%, Aptos and Render have shown resilience and potential for substantial growth, capitalizing on the broader crypto market’s recovery despite mixed signals and prevailing bearish sentiment.
As these platforms continue to innovate and expand their use cases, achieving a $5 billion market cap appears likely as long as the market maintains its bullish momentum.