Two cryptocurrencies set to achieve a market capitalization of 100 billion in July

The broader cryptocurrency market has undergone significant volatility recently. Despite starting the month of June on a positive note, investor sentiment changed from greed to caution by second week, resulting in major price drops. Notwithstanding these challenges, certain cryptocurrencies are approaching significant market cap milestones. Finbold has highlighted Binance Coin (B) and Solana (SOL) as strong candidates to reach a $100 billion market cap in July. The attainment of this milestone will largely depend on broader market dynamics in the upcoming weeksBNB Chain (BNB)
The native token of Binance, BNB is displaying considerable potential to reach and potentially exceed a $100 billion market cap to strategic expansions and innovations within the Binance ecosystem. Currently trading at $583.54 with a market cap of $86.13, BNB shows substantial promise. On June 20th, BNB Chain implemented a major update with BEP 336 reduced transaction fees by 90%. Recently dipping below the support level at $590 but stabilizing at $560, if bulls push the price above moving averages, BNB rally to $617 and possibly reach $722.

Solana (SOL)
As the fifth-largest cryptocurrency with a current market cap of $70 billion, Solana has garnered robust investor interest and confidence. The Solana ecosystem exhibits significant with SOL-based meme coins gaining traction as well as strong institutional interest such as 3iQ’s plans to launch North America’s first publicly traded Solana exchange-traded product on the Toronto Stock Exchange (TSX). Despite experiencing recent dips below its descending channel pattern, if SOL climbs above its resistance line it could surge to $176 indicating strong recovery.

Both BNB and Solana are making strategic moves amidst challenging conditions which positions them favorably to achieve a substantial milestone by hitting a remarkable figure for their respective market caps by July.