Bitcoin (BTC) has pulled back from its recent milestone of $100,000, dropping to a low of $94,000 before recovering to $97,000 at the time of writing. The decline, attributed to profit-taking and concerns over Google’s quantum computing advancements, has introduced a sense of caution into the market.
Adding to the uncertainty, the upcoming release of key economic data, including the US CPI, PPI, and jobless claims, could play a pivotal role in shaping the Federal Reserve’s stance on interest rate cuts.
Despite the broader bearish outlook, several altcoins are making notable progress toward major market cap milestones as 2025 approaches.
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Finbold has identified Dogecoin (DOGE) and Cardano (ADA) as strong candidates to breach the $100 billion market cap threshold.
With robust fundamentals, thriving ecosystems, and growing adoption, both assets remain on a solid trajectory to achieve this milestone highlighting their ability to navigate market volatility.
Dogecoin (DOGE)
Dogecoin currently holds a market cap of $55.35 billion, with its price at $0.37. To achieve a $100 billion market cap, DOGE would need to double its valuation to around $0.75.
This milestone is within reach, supported by both derivatives and technical analysis, which point to growing market interest and positive price momentum.
Derivatives data from CoinGlass shows an 82% increase in trading volume to $22.48 billion. However, open interest has declined by 27% to $2.81 billion, indicating that many positions have been closed.
Despite this, the high volume suggests fresh capital inflows, which could fuel upward momentum. Additionally, liquidation data reveals $98 million in liquidations, with long positions dominating, suggesting an over-leveraged market where bullish sentiment persists.
On the technical front, Dogecoin has consistently displayed bullish breakouts from ascending channel patterns, as highlighted by Trader Tardigrade.
These patterns have historically preceded significant price rallies, including a 35% surge in November 2023 and a 42% gain in December 2024.
With current support at $0.35 and resistance at $0.50, a decisive breakout above $0.50 could propel the price toward $0.75.
Combined with strong community backing, its speculative appeal, and potential catalysts like Twitter/X integration, Dogecoin appears well-positioned to achieve a $100 billion market cap, provided broader market conditions remain favorable.
Cardano (ADA)
Cardano, with a current market cap of $32.84 billion, has strong potential to reach $100 billion due to its explosive ecosystem growth and increasing adoption.
Its Total Value Locked (TVL) surged from $370 million in January 2024 to $602 million by December, while the network surpassed 100 million total transactions, adding 2.65 million in November alone.
Robust developer activity, with 1,979 projects built and 603 launched this year, highlights its growing utility.
Additionally, whale accumulation and significant exchange outflows indicate bullish sentiment, reducing sell pressure and driving upward price momentum.
Governance advancements, such as the recently approved Constitution, and speculation around regulatory influence further enhance Cardano’s appeal, positioning it as a leading contender for a $100 billion market cap.
With increasing market confidence, both DOGE and ADA appear poised to achieve significant milestones, including the potential to reach $100 billion market caps in the near future.
Investors should monitor these assets closely as they capitalize on their expanding DeFi ecosystems, growing utility, and strong community backing to navigate market volatility and unlock substantial growth opportunities ahead.
Featured image via Shutterstock
