XRP has attracted attention with its strong rise in recent days, and it is not alone. Other major cryptocurrencies such as ADA and SOL have also made similar significant gains. This move, led by XRP, clearly demonstrates the power of the Ripple community and market momentum. In his latest video, analyst Miles Deustcher also examined other altcoins that could experience similar rallies after projects like XRP and ADA. This change in the market indicates a period when old favorite coins are rising again.
Popular Altcoins of 2021 Are Back on the Agenda
The cryptocurrencies that stood out in 2021 are currently at the center of the market rotation. According to analysts, investors generally continue to turn to coins that they have previously made gains. Old favorites such as XRP, ADA and Solana are seeing great interest again. This shows that investors will turn to familiar assets as safe havens. These coins still have a strong position in the portfolios of individual investors. This means that there are other coins that will benefit from price increases. This trend observed in the market is not limited to XRP and ADA alone, many investors continue to show interest in new potential projects.
Altcoin Projects to Watch
Dogecoin and Shiba Inu: Meme coins are still followed with interest among investors. While Dogecoin is likely to reach $1, Shiba Inu is thought to have more growth potential. However, SHIB may be a more speculative option for those who do not have a long-term investment plan.
Avalanche (AVAX): AVAX has drawn attention by breaking through important resistance levels. AVAX, which can be a strong option for those looking for Layer 1 solutions, may return to its previous highs, according to analysts.
Chainlink (LINK): LINK continues to break out of new resistance levels, gaining significant momentum. While it may not be delivering major gains, it does have credible upside potential in the current market conditions.
Polkadot (DOT): DOT, one of the hot coins of 2021, is showing strong signals. With its recovery from oversold, ecosystem advantages like parachain auctions could make a significant difference.
Metis: Standing out among Layer 2 solutions, Metis experienced a significant rise in 2021. With its current chart structure, it has the potential to continue its upward movement.
The crypto market is experiencing a period where old favorites are reviving. Led by coins like XRP and ADA, investors are aiming to take advantage of these opportunities. However, understanding market dynamics correctly and investing at the right time has become more important than ever. In this process, not only old favorites but also new opportunities should be on investors’ radars.