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While uncertainties persist in cryptocurrency prices, BTC’s prolonged decline seems to have stabilized. During this stable period for BTC, minor movements were observed in altcoins. There are speculations about which altcoins might reach a market cap of 5 billion dollars. Although several cryptocurrencies are close to this threshold, we have analyzed two for you. Let’s examine these cryptocurrencies, which are in the top 30 by market cap and approaching a 5 billion dollar market cap.
Aptos (APT) Progresses Steadily
Aptos (APT) has remained a focal point of interest since its inception. Investors confident in the ecosystem and BTC’s outlook believe Aptos might surpass the 5 billion dollar market cap in the coming days.
Recently, Aptos experienced significant development. The network reached 32,000 transactions per second (TPS), surpassing competitors like Solana (SOL) and Sui (SUI), achieving record daily transaction volume. Several factors are believed to contribute to the increased activity on the Aptos network.
Innovations and new initiatives on the network are thought to contribute to its progress. Considering all these factors, the Aptos price might rise, and its market cap could exceed 5 billion dollars. As of the time of writing, Aptos is trading at $7.87, following a 2.78% increase in the last 24 hours.
Aptos’ trading volume is at 90 million dollars, while its market cap is nearly 1.5 billion dollars short of the expected 5 billion dollar level, currently at 3.54 billion dollars.
Render (RNDR) Price Update
Render (RNDR) has been one of the major players in the recent AI craze. Like APT, RNDR also seems to be moving towards the 5 billion dollar mark.
Although Render’s price rose over 20% last month, the 13% drop in the last 7 days did not go unnoticed. Nvidia‘s influence on the AI market significantly contributed to RNDR’s rise.
As of the time of writing, RNDR is trading at $7.97, with a 0.42% decrease in the last 24 hours. This decline also reflected in its market cap, which fell to 3 billion dollars. The trading volume was 79 million dollars. Considering all these factors, RNDR is approximately 2 billion dollars away from its 5 billion dollar target.
Nevertheless, Nvidia’s support for AI tokens and a potential BTC rise in the future could quickly pave the way for these cryptocurrencies to reach 5 billion dollars.
