As the first quarter of 2024 concludes, a significant bull rally in cryptocurrencies appears imminent. The current upward trend is vital for cryptocurrencies aiming for a $10 billion market cap. We have analyzed two cryptocurrencies striving for this milestone.

NEAR Protocol (NEAR)
NEAR Protocol, an Ethereum competitor, remains in the top 20 cryptocurrencies with a price of $7.97 and a market cap exceeding $8.5 billion. Its advancements in artificial intelligence are bolstering its market presence. Recent months have seen increased trading activity for NEAR, and growing demand in the open interest market suggests a potential price rise.

NEAR experienced a 13% increase last month and a 113% price change since the start of the year, aligning with the rise of AI tokens. The next resistance level for NEAR is $9.59, and breaking through this could target $11.56. Developments in AI, Nvidia’s market impact, and the approaching bull market could help NEAR achieve a $10 billion market cap.

Polygon (MATIC)
Polygon has been a prominent Ethereum scaling solution for years, though its short-term price shows consolidation, with most indicators suggesting stability. Currently, MATIC has a market cap of $7.15 billion and is trading at $0.7232, with a 1.2% price increase over the past 7 days. Polygon is close to its resistance level of $0.72, with support at $0.60.

If it stays above resistance, it could move to $0.84. Despite a market decline after a strong first quarter, Polygon could recover, with its price potentially returning to $1. Although MATIC is $2.9 billion short of the $10 billion mark, it could reach this level if its price rises above $1 in the future.