Most cryptocurrencies are experiencing a significant sell-off, a development that has eroded their market capitalization. However, despite this trend, certain select assets still hold potential for upside in April, buoyed by key underlying fundamentals. They also stand to benefit if the market regains its bullish momentum.
Consequently, Finbold has identified two cryptocurrencies likely to attract an inflow of capital in April 2024, propelling them toward the $1 billion market cap mark. It is worth noting that these assets are already nearing this significant milestone.
WLD market cap. Source: CoinMarketCap
Conflux (CFX)
Conflux (CFX) is a high-throughput blockchain tailored for various commercial applications. Originating from China, Conflux stands out for its regulatory compliance and potential to bridge traditional finance and the blockchain realm.
In its journey toward a $1 billion market cap, Conflux will heavily lean on partnerships, even amidst the possibility of a bullish rally. Notably, the Chinese government initiated a new public blockchain platform dubbed the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” with Conflux at the forefront.
This initiative aims to foster greater collaboration across national borders, which is expected to bolster the token’s adoption.
Currently, CFX boasts a market cap of $924.35 million, implying an 8% increase to reach the $1 billion milestone.
CFX market capitalization. Source: CoinMarketCap
Given the historical tendency of the mentioned cryptocurrencies to trade in line with the broader market, any short-term recovery in overall market sentiment will likely ignite a surge in buying pressure, thereby contributing to the potential achievement of the $1 billion threshold.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
