A major turning point is shaking up the world of cryptocurrencies: Gary Gensler, chairman of the SEC, has just announced his resignation. This unexpected departure could mark a real turning point for altcoins, long held back by the strict regulations of the SEC. After being classified as "securities", these projects could finally regain their potential thanks to a relaxation of policies.
Here are the altcoins that could benefit from this change:
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1. Algorand (ALGO) đ
Recent performance: +24.6% in 24 hours
Market capitalization: $2.476 billion
Trade volume: $965 million
Why ALGO?
Algorand, a layer 1 blockchain, has been hit hard by SEC restrictions. With Genslerâs resignation, investors are regaining confidence, which could allow ALGO to rebound strongly.
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2. Cosmos ($ATOM) đ
Recent performance: +20% in 24 hours
Market capitalization: $3.148 billion
Trading volume: $1.064 billion
Why ATOM?
Cosmos, known for its multi-blockchain ecosystem, has suffered from SEC policies. Genslerâs departure paves the way for a new period of growth, with a rally already underway.
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3. NEAR Protocol ($NEAR) đ
Recent performance: +10% in 24 hours
Market capitalization: $7.623 billion
Trading volume: $1.221 billion
Why NEAR?
NEAR, an innovative layer-1 blockchain, has also been in the SECâs sights. Now that regulatory pressures may be easing, NEAR is well positioned to reach new heights.
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4. Filecoin (FIL) đŸ
Recent performance: +10% in 24 hours
Market capitalization: $3.095 billion
Trade volume: $825 million
Why FIL?
Filecoin, a decentralized data storage platform, has seen its growth hampered by regulations. Genslerâs resignation could mark the start of a new bull cycle for FIL.
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5. Cardano ($ADA) đ
Recent performance: +25% in 24 hours
Market capitalization: $38.773 billion
Trade volume: $8.691 billion
Why ADA?
Ethereumâs historic rival, Cardano has been under heavy pressure from the SEC. With this wind of change, ADA is already bouncing back and could continue on a spectacular run.
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đź Other altcoins to watch:
Solana (SOL)
The Sandbox (SAND)
Axie Infinity (AXS)
Chiliz (CHZ)
Flow (FLOW)
Internet Computer (ICP)
Voyager (VGX)
Dash (DASH)
BNB (BNB)
Polygon (POL)
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đ Conclusion
Gary Genslerâs resignation could be a turning point for the cryptocurrency industry, especially for altcoins that have been under pressure for a long time. This change in direction presents a unique opportunity for investors. Stay tuned, because the market is ready to soar!
#Altcoins #CryptoNews #ADA #NEAR #SEC
