Altcoin
XRP, SOL, HBAR, And More During ETF Buzz
Donald Trump’s election win has fueled optimism around top altcoins issued by US-based firms. Besides, several experts have further fueled optimism with anticipation over a surge in crypto ETFs this year. So, here we explore some of the top altcoins to watch like XRP, SOL, HBAR, and others, amid the ETF buzz.
Top Altcoins To Watch Amid Crypto ETF Buzz
XRP, SOL, HBAR, and others, are among the top altcoins to watch now, with soaring ETF anticipation after Donald Trump’s election win. For context, these leading altcoins have gained immense traction with recent insights from Bloomberg analysts Eric Balchunas and James Seyffart. The analysts predicted that Litecoin and Hedera ETFs are likely to debut first, given their regulatory clarity compared to Solana and XRP.
The first wave of crypto ETFs is expected to include Bitcoin and Ethereum dual offerings, which have already gained traction among institutional investors. Firms like Bitwise, Franklin Templeton, and Hashdex have filed for these ETFs, signaling their confidence in regulatory approvals. These products could set the stage for top altcoins ETF, especially for assets like Litecoin, which is recognized as a commodity.
Hedera stands out due to its classification outside the “security” label by the SEC, making it a prime candidate for early ETF adoption. On the other hand, XRP and Solana face regulatory hurdles that may delay their ETF launches, though their market popularity keeps them in the spotlight. This evolving landscape could redefine crypto investments, introducing new opportunities for both retail and institutional players.
Market Optimism Soars Amid ETF Anticipation
The crypto market has witnessed significant gains after Trump’s win in November. For context, the market is anticipating a pro-crypto regulatory environment in the US under the Republican government. It also creates buzz on ETF, with investors keeping a close watch on the top altcoins.
In other words, the ETF buzz has been one of the prime catalysts behind the price surge of these cryptocurrencies. XRP price soared 63% last month, trading at $2.238, with a 30-day range of $1.296 to $2.869. Its quarterly growth reached an impressive 278%, with a $127 billion market cap ranking it the 4th largest cryptocurrency by market cap.
HBAR price surged 116% over the past month to $0.31, marking a 424% quarterly gain. It ranks within the top 20 by market cap at $11.87 billion. Meanwhile, Solana (SOL) price dropped 21% last month to $192 but recorded a 28% quarterly gain. It holds a $92 billion market cap, ranking as the 6th largest cryptocurrency.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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