The crypto market has started to recover after a weak couple of months, with some major tokens having the potential to reach $200 billion in market cap in 2026.
Based on their current market capitalization and trending developments, Finbold has singled out XRP and Binance Coin (BNB) as the candidates most likely to reach the milestone first.
XRP
The fourth-largest crypto asset by market capitalization, XRP, is currently valued at approximately $133.7 billion. In other words, it would need a roughly 49% boost to hit the $200-billion target next year.
While the figure might appear large at first glance, the crypto has a few aces up its sleeve that could potentially make the jump possible.
For one, its weekly rally is showing no sign of stopping as of the time of writing, November 28, fuelled by solid technicals and the shrinking reserves on cryptocurrency exchanges, which have reached their lowest levels since January 2025.
In addition to increased accumulation by long-term holders, XRP is also seeing fresh updates in terms of institutional use and adoption, with another exchange-traded fund (ETF) scheduled to launch before December 1.
Even more notably, analysts are now speculating that Ripple, the company most closely associated with XRP, is likely to obtain a full banking license in 2026. This could prove to be an important catalyst for the digital currency, legitimizing it even further and perhaps leading to a new all-time high.
At the time of writing, XRP was trading at $2.22, up nearly 15% on the weekly chart.
Binance Coin (BNB)
The fifth-largest cryptocurrency, Binance Coin, is worth more or less $123.6 billion. Accordingly, it would take a 61% rally over the next year to push it up to $200 billion. As with XRP, some signs suggest the momentum could continue.
Most noteworthy are the updates revealed during the Binance Blockchain Week event held on November 27 and November 28, which included ecosystem upgrades, new partnerships with traditional finance (TradFi) companies, such as Mastercard, and new efforts toward institutional adoption.
What’s more, the ongoing price uptick is largely coinciding with VanEck’s new filing for a BNB spot ETF, supported by figures such as the former Binance CEO Changpeng Zhao. Naturally, traders are now hoping improved spot-based access will allow the price to climb back to $1,000, or perhaps bring it even closer to the record $1,370 recorded two months ago.
At press time, BNB was trading at $897.03, having gained about 9.3% over the previous week.
Ultimately, however, it must be mentioned that while both assets discussed above appear promising now, their success is still dependent on the cryptocurrency market’s overall momentum, which could always swing in either direction.
Featured image via Shutterstock
