Bitcoin (BTC) Price Approaching $70,000! 3 Altcoins to Watch!
Ripple (XRP)
XRP, the native cryptocurrency of global payment solutions company Ripple, has seen significant inflows after Grayscale Investments relaunched XRP Trust on Thursday. The development indicates growing institutional confidence in XRP and could lead to the launch of a new XRP-focused cryptocurrency exchange-traded trust (ETT).
XRP price is currently trading at $0.57, up 7% in the past 48 hours. As a result, the market cap rose to $32.18.
According to sentiment data, XRP whale wallets holding between 10 million and 1 billion XRP have been steadily increasing their holdings since January 2022, holding 6.94 billion XRP. This indicates growing interest from large holders, supporting a potential reversal and a steady rally.
Cardano (ADA)
Like other altcoins, Cardano has also seen a notable rally from $0.31 to $0.359, a gain of 14.5%. If this bullish trend continues, ADA price could rise by another 7% before challenging the overhead trendline from May 2024.
The potential to break above this barrier would signal a change in sentiment and accelerate bullish momentum.
TRON (TRX)
Going against the recovery momentum of other altcoins, TRX price fell 2.1% today and is currently trading at $0.148. Several analysts believe that the reversal is a temporary cooling of the rally that followed the launch of the Sunpump meme coin generator in August.
According to Intotheblock analysis, the number of long-term holders of TRON has increased significantly over the past year.
