- A “selective altseason” may be starting as Bitcoin’s market dominance begins to wane
- XRP shows a 430% surge in weekly payments, while SEI’s user base has nearly doubled
- SUI is backed by a new $450M institutional fund, while HBAR and SOL have major ETF buzz
After a tough week where Bitcoin dropped back to retest its previous all-time high of around $112,000, many altcoins also saw big losses. But with signs of recovery appearing, a few altcoins are now standing out with strong use cases, adoption, and price potential.
Analyst AltcoinBuzz has listed five altcoins that could bounce back if the market turns bullish this week.
XRP: The Institutions Are Coming
XRP is seeing increased attention due to Ripple’s application for a national trust bank charter in the U.S., which could open doors to institutional crypto custody and settlement services.
A U.S. healthcare firm, Wellgistics Health, also announced it will use XRP as a reserve asset and for payments in its operations. There are also rumors about an XRP ETF linked to Trump’s Truth Social. While some predict XRP could reach $10,000, the analyst said a more realistic price this cycle is between $6 and $10. Right now, XRP is trading around $3.
Related: PlanB’s Bitcoin Model Shows Path to $500K After Record $115K July Close
SEI: The User Growth Is Explosive
SEI is being seen as one of the most undervalued coins right now. In July, it handled $73 billion in transactions and added nearly 500,000 new wallets, even more than Ethereum and Avalanche.
Its daily trading volume reached $54 million. SEI’s total locked-in value has grown from $28 million to over $600 million, and it’s backed by big names like Circle. Hence the analyst said that SEI could be a strong altcoin for the next market run.
Related: 5 Altcoins Gaining Market Momentum as Bitcoin Dominance Wanes
HBAR: Enterprise-Grade and ETF-Ready
HBAR surged recently after being listed on Robinhood, giving over 25 million users access to it. It has been added to Grayscale’s crypto fund, and there is growing excitement about a possible HBAR ETF with high approval chances.
Samsung, BlackRock, and Fidelity are also using Hedera to tokenize real-world assets. With over $470 million in volume and rising interest, HBAR is becoming a strong altcoin to follow.
Solana (SOL): The ETF Frenzy Is Here
Many in the market believe a Solana ETF approval could come as early as September 17. The asset is already leading the pack in tokenized stock volume, proving its use case.
An SEC green light for a spot SOL ETF is the next major catalyst that could bring in institutional capital into the ecosystem.
Pengu (Pudgy Penguins): Memecoin the Whales Are Buying
The token for the Pudgy Penguins NFT project, PENGU, is now one of the most traded crypto assets in the market, with on-chain data showing significant whale inflows. A Pengu ETF that includes tokens and NFTs could be approved by August 23.
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