Ethereum and XRP surge with an influx of $270 million as investors flock to altcoins

Ethereum and XRP have recorded a significant increase in value with an influx of up to $270 million thanks to investor attention towards altcoins. XRP, in particular, has experienced an impressive price increase, becoming the third-largest cryptocurrency by market capitalization, surpassing both Tether and Solana, with a current market cap of approximately $136 billion. This price increase stems from investor optimism, especially after Donald Trump's victory in the election, leading to hopes for a relaxation of cryptocurrency-related regulations in the U.S.

Additionally, both of these coins have benefited from a shift in investor focus from Bitcoin to altcoins. While Bitcoin has not reached the expected price of $100,000, major altcoins have recorded strong growth, creating favorable conditions for Ethereum and XRP. This growth may be driven by institutional investors and interest in new altcoin products, such as ETFs for XRP, which enhances confidence in the future of these coins in the cryptocurrency market.