There is a great deal of movement in the altcoin market, and some noteworthy projects are attracting investors with significant developments. From the strong rise of Solana (SOL) to the developments around Ripple (XRP), many altcoins are attracting attention. So, which altcoins are really ready to make a big splash? In the latest analysis by CryptosRus, special attention is drawn to coins such as Solana, XRP and Cardano.
Solana, XRP and ADA on the Agenda
Solana has recently seen a significant 9% price increase, climbing to $230. Although it is still below the $250 levels seen in March, it continues to gain momentum. Solana continues to grow with decentralized applications (dApps) and major protocols such as Jupiter and Pith. Analysts emphasize that Solana is a coin to watch for potential future rallies as whale interest increases.
XRP rose to $1.20 but then pulled back to $1.00. Despite this decline, the XRP Army is still optimistic, and the possibility of SEC Chairman Gary Gensler leaving his post could trigger an upward movement for XRP. Analysts say that there is still a chance for XRP to break its all-time high of $3 in 2018. Although CryptosRus is not currently holding XRP, it is following the coin for long-term potential and plans to evaluate it once it regains strength.
Cardano (ADA), although it has slowed down in terms of development recently, still attracts a lot of attention due to its strong connections with the government. Charles Hoskinson’s announcements about new updates or meetings with influential figures like Elon Musk could positively affect the price of ADA. Cardano’s price could increase as it gains government partnerships.
NEAR, SUI, ATOM and Other Altcoins Also Attract Attention
Near Protocol stands out with its focus on AI development. If major tech companies like Nvidia report strong earnings, NEAR’s AI projects could also gain more traction. In this context, Nvidia’s success is expected to create growth opportunities for NEAR and similar projects. According to analysts, NEAR has strong growth potential at a time when AI is gaining importance.
Sui continues to trade above the $3 level, and this steady rise suggests that it is gaining strength within the broader market. Sui’s continued network growth and adoption are creating a solid foundation for further bullish action.
While Cosmos and its affiliate chains have faced some challenges recently, the platform’s greatest strength is interoperability. As whales begin to diversify, Cosmos is likely to see a resurgence. The growth of the platform’s ecosystem could increase Cosmos’ price.
Polygon and Phantom: Candidates Not to Be Overlooked
Polygon, while not very active lately, still offers an effective Layer-2 solution. As Ethereum continues to dominate, interest in Polygon could pick up again. Diversification of whales could revive demand for Polygon.
Fantom, although quiet recently, is drawing attention as a Layer-1 blockchain with potential for revival. A platform that could benefit from a revival in DeFi projects or broad market movements, Fantom could increase its price if it translates into higher transaction activity.
Impact of Bitcoin and the Altcoin Market
Bitcoin (BTC) continues to trade strongly above the $90,000 level. Despite future accumulation and market concerns, BTC still remains the strongest player in the market and influences altcoin movements, setting the overall market mood. For altcoin investors, Bitcoin’s strong stance looks set to continue to play a role in determining overall market trends.
