Bitcoin recently suffered a severe loss of altitude, but has since recovered. This has led to speculation and excitement in the crypto market about a potential altcoin season. Analysts are predicting a significant rise in altcoin valuations, driven by Bitcoin’s price movements and broader market dynamics. Crypto expert Aneena Alex looks at two tokens that he sees as having the potential to drive market capitalizations higher.

Two altcoins are ready to break the $5 billion mark!

As Bitcoin stabilizes, attention is shifting to various altcoins poised to lead the next market cycle. The expanding role of decentralized finance (DeFi), continued improvements in Blockchain scalability, and the growing use of smart contracts are key factors expected to fuel a significant altcoin rally. This surge is likely to propel several altcoins beyond the $5 billion market capitalization mark. Thus, these tokens will have reached an important milestone.

Two altcoins stand out as likely to cross this threshold. These assets are approaching the milestone as their trajectory depends on the continuation of the bull run and factors such as supply inflation. High supply inflation is likely to increase their market capitalization even if their prices remain unchanged.

The first ranked altcoin: Render (RNDR)

Render (RNDR) recently reclaimed a critical price level. The token is currently trading at $10.51, which market experts are closely monitoring. After hitting a low of $7, Render made an impressive surge and recorded a 33% increase during the week. Thus, it has shown strong bullish momentum. Currently, its market capitalization stands at $4.15 billion.

Render price and market value. Source: CoinMarketCap

Cryptocoin.comthe token has seen a rapid rise, reflecting growing investor confidence. Analysts, including notable figures in the cryptocurrency community, suggest that Render could be on its way to new all-time highs, potentially reaching $200 this market cycle. Upcoming AI-related events also play a role in this optimism. It is also fueled by the growing adoption of AI technologies. These developments have the potential to further increase interest and investment in AI coins like RNDR.

Hedera (HBAR) comes in second place

Hedera (HBAR) has proven itself with Hashgraph consensus technology that offers faster transaction speeds and enhanced security compared to traditional Blockchain systems. Hedera recently processed more than 50 billion transactions. This demonstrates its capacity and the growing trust in its platform.

Hedera price and market capitalization. Source: CoinMarketCap

Hedera has partnered with Shinhan Bank to facilitate stablecoin remittances using its technology. This underscores its practical application in mainstream finance. The bank is leveraging Hedera’s network for real-time payment and exchange rate integration. This therefore demonstrates Hedera’s potential to transform financial services. HBAR’s current market capitalization is $3.97 billion. The altcoin is currently trading at $0.111.

The opinions and forecasts in the article are those of the expert and are not investment advice. Cryptocoin.com we strongly recommend that you do your own research before investing.