As we near the end of the first half of 2024, the economic landscape remains uncertain. Despite this, several cryptocurrency projects with solid foundations, growing community interest, and other positive factors show potential for significant growth if the market trends upward. Among these, two projects are close to reaching the $1 billion valuation mark. Here, we take a closer look at Synthetix (SNX) and Notcoin (NOT).

Synthetix (SNX)

Synthetix is a decentralized protocol built on the Ethereum (ETH) blockchain. It aims to solve liquidity problems in decentralized exchanges (DEX) by supporting synthetic versions of fiat currencies, cryptocurrencies, and commodities. For the latest financial and business updates, you can visit COINTURK FINANCE.

Currently, Synthetix is priced at $2.92, with a market value exceeding $956 million. Just a small increase could push it over the $1 billion threshold.

Recently, Synthetix has seen a significant uptick in activity. In the past few days, derivative trading volume surged by 208%, leading to a 17.1% increase in open interest, now totaling $27 million.

Notcoin (NOT)

Notcoin (NOT) has recently gained attention in the cryptocurrency community, particularly for its airdrop activities. NOT is working towards integrating with The Open Network (TON), an innovation that has sparked substantial interest and fueled its growth.

At the moment, Notcoin is trading at $0.00929, with a market value just over $954 million. Between May 24 and May 28, it saw a remarkable 115% increase, encountering resistance around the $0.0099 mark.

During this period, the Relative Strength Index (RSI) stayed above the neutral 50 level, signaling an upward trend. Fibonacci retracement levels identified $0.0072 and $0.0066 as key support points, with potential rally targets at $0.0112 and $0.0132.

Notcoin's recent strong performance and growing market value suggest it could soon surpass the $1 billion milestone. Investors should keep an eye on critical resistance at $0.010 and support levels at $0.0048 and $0.0051.

In conclusion, as the first half of the year ends, both Synthetix and Notcoin exhibit strong potential for growth. Their recent performances and increasing market values indicate that these projects are on the brink of significant milestones, making them worth watching closely.