Altcoin counterattack begins… XRP, SOL, ADA strong, up to 120% expected
This article is machine translated
Show original
The cryptocurrency market is gradually shifting its center of gravity away from Bitcoin towards altcoins. Although the market capitalization has slightly declined to around $34.3 billion (approximately 4,768.7 trillion won), investment sentiment towards major altcoins such as ETH, XRP, SOL, and Doge is reviving. Experts suggest that while a full-fledged "alt season" will take time, now could be an opportunity for strategic buying.
XRP is raising expectations as its long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC) approaches a resolution. Robinhood's recent launch of XRP micro futures and Ripple's withdrawal of its appeal are interpreted as positive signals. On-chain activity is increasing, and with discussions about potential XRP ETF launches, price rebound expectations are growing. Analyst Egrac Crypto predicted that XRP could surge to as high as $37.5 (approximately 52,125 won) if it reproduces its past pattern of over 2,000% increase.
Solana (SOL) is establishing itself in the DeFi and Non-Fungible Token ecosystem with its high-speed processing and low transaction costs. Currently trading at around $151 (approximately 209,890 won), it has broken through important resistance levels and is building upward momentum. Trading range projections for SOL are between $152-$161 (approximately 211,280-223,290 won) in July, with potential to reach $184 (approximately 255,760 won) in August, offering potential returns of up to 23%.
Cardano (ADA) is being re-evaluated based on its scalability and expanding real-world use cases. Recent increases in DeFi trading volume, upgrades, and potential ETF inclusion have enhanced confidence in Cardano. Founder Charles Hoskinson has drawn market attention by hinting at Bitcoin DeFi expansion. Discussions are ongoing about investing $100 million (approximately 139 billion won) of ADA holdings into stablecoin liquidity. Analyst Capital Marks forecasts ADA could rise over 120% to more than $2 (approximately 2,780 won) by breaking out of its downtrend.
Doge is also making its presence felt in a highly volatile market. Analyst Ali Martinez suggests that if Doge recovers to $0.17 (approximately 237 won), it could signal a strong buy, with potential short-term recovery to $0.21 (approximately 292 won). Another expert, Capital Marks, notes that if Doge repeats its previous bull market performance of over 120x surge, it could potentially reach $20 (approximately 27,800 won) long-term.
While the market still largely depends on Bitcoin's direction, there is consensus that major altcoins are offering buying opportunities at low points. Observations are gaining traction that now might be the last strategic positioning moment before a full technical uptrend emerges.
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content