The financial markets are volatile and altcoins are suffering. Nonetheless, this offers a good opportunity to buy before the market recovers.
Once the markets recover, these 4 altcoins should do well. So, let’s take a look.
The big news for Ripple ($XRP) is that the long-lasting SEC lawsuit is now finally over. Ripple agreed to stop its cross-appeal. Instead of a $125 million fine, Ripple only pays $50 million. This case is now officially done and dusted.
All big banks are lining up to work with Ripple. Take a look at this list. J.P. Morgan, Bank of America, and many other global banking giants. Now that the SEC threat is gone, this list may grow. Banks want clarity, and that’s what they got now, with the SEC out of the way.
Ripple also has its own $RLUSD stablecoin. Cardano is now in talks with Ripple to bring $RLUSD to Cardano. That’s another massive piece of news. And there’s plenty more news brewing for Ripple.
So, all this combined should have a positive outcome for the $XRP price. Predictions of $15 seem realistic. However, that also means that the current $2.11 price is a bargain. $XRP is one of these altcoins that can do a 7x or 8x. A temporary dip shouldn’t change its trajectory upwards.
Hedera ($HBAR) also manages to stay in the spotlight. Especially in the US, Hedera is a popular project. Of course, it helps that it’s one of the ‘Made in USA‘ altcoins.
You may want to check out our recent videos on Hedera. We have a deep dive into Hedera and a popular ‘How much $HBAR to become a millionaire‘. Check the links.
Now, to bring you up to speed, Hedera is not a blockchain. Instead, it’s a hashgraph, which is DLT or distributed ledger technology. However, its architecture and the consensus algorithm are different. Hedera even patented their hashgraph.
You can also find Hedera in the RWA sector. That’s one of the most promising sectors in crypto. For instance, Hedera’s transaction fees are a fraction of a penny. Other use cases are in AI, DeFi, payments, and NFTs.
Hedera also has an extensive ecosystem. For example, in sectors, like,
Can $HBAR reach a $3 price tag? The current chart doesn’t look that great. However, long-term thinking and conviction is the key here.
Ethereum ($ETH) is one of the biggest underperformers during this bull run. Remember Eric Trump’s post on X that it was a great time to buy $ETH? That was in early February, and $ETH was still around $2,900. Did that post inspire you to buy?
Well, the current $ETH price is down to $1,805. Still, whales keep buying $ETH. Trump’s World Liberty Financial largest holding is in $ETH and the Ethereum chain. Earlier this month, it was apparently over 57%. According to Dropstab, this dropped to 26%.
The $ETH ETFs are also not performing that well. Part of this problem is that running an Ethereum validator earns up to 4%. However, it’s too difficult and expensive for institutions to set up. On the other hand, the return for Treasury bonds is over 4%. So, institutions currently prefer these bonds, since they offer a higher return. As a result, we see an outflow in the $ETH ETFs. The ETH ETFs had 24 days in a row with ZERO inflows.
So, what do these whales, like WLFI, see in Ethereum that they keep buying? Do you think that $ETH will recover? Let me know in the comments.
Sui Network ($SUI) has been one of the best performing altcoins during this cycle. Like almost all other altcoins, it’s been hit hard. However, when there’s a bounce, $SUI bounces back hard. At the same time, its ecosystem has also been on fire.
We already saw plenty of mainnet and TGE events over the last couple of months. The most recent event was only last week. That’s when Walrus launched its mainnet and its $WAL token. There’s more brewing as well. Other projects are either launching their mainnet and/or their token. For example,
And don’t forget Sui gaming sector. The SuiPlay0X1 handheld gaming device is coming. It might be available during Sui’s Basecamp in Dubai in early May.
So, which one of these altcoins is your favorite? Or did we miss yours? Let me know in the comments. Do join our lively discussions on Discord and X.
Disclaimer
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In my opinion, it’s a great time to add $ETH.
World Liberty Fi’s portfolio is over 57% $ETH… What do they know?
The ETH ETF has not had a single inflow in 24 days. That tells you everything you need to know.
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