- Anticipation of ETF approvals for XRP and Solana fuels bullish sentiment in the altcoin market.
- Sui’s 10% rebound and $500M stablecoin milestone highlight its rising prominence in DeFi and gaming.
- SOL’s breakthrough of a long-term downtrend sparks potential for a bullish market surge.
XRP is one of the coins that is looking very strong right now hence a consolidation down here would leave it reclaiming $2.57 level. Cardano founder Charles Hoskinson believes only XRP and these two altcoins will pump.Plus Donald Trump’s World Liberty Finance is betting on this new altcoin pick. Trump also explores recent cryptocurrency market developments, highlighting XRP (Ripple) and two additional altcoins with strong growth potential.
Several asset managers have filed applications for exchange-traded funds (ETFs) focusing on altcoins like Solana and XRP. The anticipation of these ETFs’ approval has contributed to the positive momentum in the altcoin market. Speaking of stable coins, SUI reached a $500 million stable coin market cap, setting a new all-time high.
Growing Adoption in DeFi and Gaming Boosts Sui’s Potential
Data from Santiment show, Sui’s market cap has enjoyed a mild 10% rebound over the past 24 hours, as most projects move sideways. Promoted by the project founders as a deliverer of benefits of Web3, with ease of Web2, the altcoin has been increasingly associated with DeFi and gaming space, along with fast and low-cost transactions. Sui’s market cap is now closing in on Chainlink.
Currently trading at $3.46, reflecting a 3.5% decline over the latest trading session. Sui is at 10.04 billion, and Chainlink is at 12.13 billion. So Sui is catching up to some of the biggest coins in the market. If bullish momentum strengthens, SUI could break $3.75 and target the $3.80 level.
Solana Expands Beyond DeFi and Gaming to Institutional Adoption
Currently,Solana is not just for D-Pen, DeFi, gaming or memecoins but also for institutions. Solana (SOL) is currently trading at $195.74, reflecting a 1.5% decline in value over the latest trading session.
Despite the decline,Misterrcrypto suggests that SOL has successfully broken through a long-term descending trendline, sparking optimism for a potential market reversal. Thus,If momentum continues, SOL may see a significant price surge, aligning with broader market trends.
Overall, XRP, Solana, and Sui show strong institutional interest positioning them for potential long-term gains in the evolving cryptocurrency landscape.
