- XRP runs at 7.84 tps, six times more than Cardano but 165 times less than Solana.
- Chainlink co-founder Sergey Nazarov will attend the White House Crypto Summit on March 7.
- Litecoin (LTC) is expected to be the first altcoin spot exchange-traded fund in the US.
As the cryptocurrency market prepares for another bullish cycle, investors and analysts are eager to pinpoint which digital assets will lead the way.
Among the most talked-about contenders are XRP, ADA, SOL, LINK, LTC, DOT, and HBAR.
Factors Favoring Select Altcoins in Market Uptrend
Current developments, including regulatory progress, institutional adoption, and strategic endorsements, indicate that these assets could be key in the next market upswing.
Also, the United States President Donald Trump said on Truth Social that XRP, Cardano (ADA), and Solana (SOL) would be considered for inclusion in the US crypto reserve, along with Bitcoin (BTC) and Ether (ETH).
Trump’s Mention Fuels Institutional & Regulatory Hopes
This announcement places all these five tokens in a strong position for institutional and regulatory support. This could drive increased demand and adoption. Analyst MartyParty pointed out XRP’s adoption rate, stating, “XRP is currently running at 7.84 transactions per second. That’s six times greater adoption than Cardano and 165 times less adoption than Solana.”
Related: After President Trump’s Crypto Reserve Go-Ahead, Altcoins Race Toward an $873 Billion Milestone
Meanwhile, Cardano (ADA) has often been criticized for its slower pace of adoption. However, analyst Gert van Lagen argues that ADA’s focus on security and decentralization will give it longevity.
Could We See the First Altcoin ETF?
Litecoin (LTC) has a notable advantage in the ETF race. The Canary Capital spot LTC application was just listed on the DTCC website, possibly signaling approval. In addition, Solana futures ETFs from Volatility Shares have also surfaced on the DTCC list, indicating rising institutional interest in altcoins beyond Bitcoin and Ethereum.
Similarly, the US SEC has acknowledged NYSE Arca’s proposal on behalf of Grayscale to list a spot Cardano ETF. If approved, ADA could experience a significant price surge, as institutional investors invest heavily in the asset.
Chainlink (LINK), Polkadot (DOT), & Hedera (HBAR)—Underdog Potential
Chainlink (LINK) co-founder Sergey Nazarov will attend the White House Crypto Summit on March 7 alongside Ripple’s Brad Garlinghouse, signifying potential regulatory discussions surrounding Chainlink’s role in decentralized finance.
Whale Accumulation Signals Confidence in Chainlink (LINK)
Santiment reports, “Chainlink has achieved a mild rebound ahead of other altcoins following a market-wide plummet. The top five LINK wallet holdings now hold a combined 18.15% of the coin’s entire supply, worth $2.93 billion.” This accumulation by whales suggests confidence in LINK’s long-term potential.
Related: Global Trade Fears and Leverage Cascade Trigger $200 Billion Crypto Market Collapse
Hedera (HBAR) was initially thought to be included in Trump’s crypto reserve, but it was not listed. However, the Nasdaq has filed a proposed rule change with the SEC to list and trade shares of the Grayscale Hedera Trust, which will track HBAR’s price. Lastly, Polkadot (DOT) is choosing a different path, focusing on innovation. The Web3 Foundation has proposed transferring 10 million DOT to transform Kusama into a leading Web3 innovation hub.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
