As the cryptocurrency market prepares for a promising start in April, increased trading activity for many altcoins is observed, along with a notable increase in market value. This rise is further fueled by the anticipation of the upcoming Bitcoin (BTC) block reward halving rally, with Polygon (MATIC) and Litecoin (LTC) standing out for their potential to surpass the $10 billion market cap.
Polygon (MATIC)
Among the projects nearing the $10 billion threshold is Polygon, serving as an Ethereum (ETH) scaling solution and gaining popularity with its robust technology. Aiming to solve scalability and transaction fee issues on the Ethereum network, Polygon faces significant adoption considering the ongoing dominance of the leading altcoin.
MATIC‘s market value is close to the pivotal $10 billion mark, and a slight increase in market value could propel it past this threshold, capturing tangible growth.
Litecoin (LTC)
Litecoin follows in Polygon’s footsteps as another altcoin nearing the $10 billion market cap. The network’s high transaction speed and low fees continue to attract investors to LTC, contributing to its upward trend. Additionally, recent data indicating over eight million Litecoin investors points to market interest and buying pressure that could boost the altcoin’s market value.
Speculations about a potential spot Litecoin Exchange Traded Fund (ETF) opening for trading in the US are greatly fueling optimism about LTC’s future performance. Such rumors are already leading to short-term price rallies, indicating high market excitement for the altcoin.
Current data suggests that LTC needs to rise about 30% from its current market value to reach the $10 billion milestone, which is supported by strong fundamentals and positive investor sentiment.
The likelihood of both LTC and MATIC reaching the $10 billion market cap largely depends on the market’s ability to sustain its upward momentum. Despite the optimistic outlook, factors such as market volatility and regulatory developments could influence the price trajectory of these altcoins in the coming weeks.
