The cryptocurrency market experienced a sharp decline of 7.9% in the last 24 hours, resulting in a global market cap of $3.51 trillion. This drop was triggered by the emergence of the startup DeepSeek and its free AI offering, as well as growing unease ahead of the Federal Reserve meeting. However, despite the bearish sentiment, certain altcoins are showing strong fundamentals and market momentum that could potentially push them past the $5 billion market cap threshold by Q1 2025.

One of these altcoins is Aptos (APT), which currently trades at $7.33 with a market cap of $4.2 billion. To reach a $5 billion valuation, Aptos would need to increase to around $8.73, representing a 19% increase. Despite recent challenges, such as a 10.72% drop in the past 24 hours and a 14% decline in the last week, Aptos continues to demonstrate impressive growth, including a significant increase in active addresses from under 100,000 to over 1.3 million within a year.

In terms of derivatives trading, Aptos has seen a surge in trading volume of 185.59% to $470.12 million, although open interest has fallen by 7.43% to $195.63 million. Long interest in Aptos remains strong, as reflected by the Binance APT/USDT long/short ratio, which stands at 3.1999. However, there have been significant liquidations in the past 24 hours, amounting to $4.65 million, with most attributed to long positions.

Technically, Aptos is facing challenges as it appears to be forming a bearish head-and-shoulders pattern, which could lead to a downside target of $4.30. However, a sustained close above $10.50 could invalidate this bearish outlook and pave the way for further growth. If Aptos can continue to expand its user base, attract developers, and overcome its technical signals, achieving a $5 billion market cap in the near future is still a realistic target.

Another altcoin, Kaspa (KAS), currently trades at $0.1219 with a market cap of $3.12 billion. Although it has experienced recent declines of 8.03% in the past 24 hours and 4.73% over the week, there is growing interest and bullish momentum surrounding the cryptocurrency. Derivatives trading data shows a surge in trading volume by 269.79% to $103.72 million, indicating increased trader activity and confidence. The Binance KAS/USDT long/short ratio is 3.9603, reflecting strong belief in long positions.

Despite a dip in open interest to $175.84 million, there have been minimal short liquidations, suggesting sustained trader confidence in Kaspa's upward trajectory. With its growing momentum and speculation driven by derivatives trading, Kaspa is well-positioned to achieve a $5 billion market cap by 2025.

To maximize gains in the volatile digital asset space, it is crucial to monitor key price levels, trading volumes, and ecosystem developments for both Aptos and Kaspa as they position themselves for their next phase of growth.



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