$APT #ADA
2 cryptocurrencies that could reach a $5 billion market capitalization in March.
Despite a sharp sell-off, Bitcoin has regained momentum, jumping 4% in 24 hours and trading at $89,600 at the time of writing. Although uncertainty still persists, some altcoins are showing strength.
With the return of liquidity to the market, two cryptocurrencies, Aave (AAVE) and Aptos (APT), can be highlighted as those that could reach a market capitalization of $5 billion in March due to increasing institutional interest and rapid expansion of the DeFi technology ecosystem.
Aave (AAVE)
Currently, Aave is trading at $223 with a market capitalization of $3.4 billion, and in the last 24 hours, it has increased by more than 28%. To reach a market capitalization of $5 billion, Aave needs to rise to $327 per token, and this goal seems increasingly achievable.
The main factor behind the growth has been a proposal to revise the tokenomics, which requires community approval. Aave founder Chan Initiative (ACI) Mark Seller called it the "most important proposal" in Aave's history.
The document provides for a weekly buyback of AAVE for $1 million over six months, implementing a security mechanism.