As the first quarter of 2024 wraps up, the cryptocurrency market is showing signs of a bullish surge. This positive trend is crucial for digital currencies aiming to reach a $10 billion market cap. This article examines the performance and future prospects of two cryptocurrencies targeting this milestone.

How is NEAR Protocol Performing?
NEAR Protocol (NEAR), a notable competitor to Ethereum, is among the top 20 cryptocurrencies. With a current price of $7.97 and a market cap exceeding $8.5 billion, NEAR has made significant advances in artificial intelligence, strengthening its market position. Recent months have seen a substantial increase in trading volumes and rising open interest demand, indicating a potential price increase. NEAR has experienced a 13% rise over the past month and a 113% surge since the start of the year, paralleling the rise of AI tokens.

What Are Polygon’s Prospects?
Polygon (MATIC), known for enhancing Ethereum's scalability, is facing short-term price volatility, with most indicators suggesting a consolidation phase. MATIC has a current market cap of $7.15 billion and trades at $0.7232, showing a modest 1.2% increase over the past week. Despite nearing its resistance level of $0.72 and support at $0.60, if MATIC remains above this resistance, it could climb to $0.84. Although the broader market has declined after a strong first quarter, Polygon may recover, potentially reaching a value of $1.

Key Insights for Investors
Investors can gain valuable insights from the recent developments in NEAR and Polygon:
- NEAR’s progress in AI could drive further price increases.
- Polygon’s price consolidation might offer buying opportunities.
- Monitoring resistance and support levels is essential for strategic investments.
- Market trends and external factors like Nvidia’s impact can influence future price movements.

Considering the current market dynamics and advancements, both NEAR Protocol and Polygon are strong candidates for reaching the $10 billion market cap. Investors should keep a close watch on these cryptocurrencies as they show promise amid a potential bull rally in 2024.