Crypto markets might be starting a recovery lap. In the last 24 hours, the $2.85 trillion crypto industry grew 0.3% with Bitcoin adding 2%.
DeFi is where the action is. Leading DeFi network coin Ethereum ($ETH) shot up 6% while its rivals Solana and Cardano pulled in respectable 4% gains and $XRP shot up 12%.
Expectations are mounting for the Trump administration to introduce definitive cryptocurrency regulations, but investor sentiment remains cautious due to ongoing concerns regarding stringent trade tariffs.
However, there’s never a dull moment in crypto. We’re still in choppy waters so now is the best chance to stockpile ahead of the next industry bull run. Below are five standout cryptocurrencies to consider before the market rallies again.
Solaxy ($SOLX): Transforming Solana with Advanced Layer 2 Innovations
Solaxy ($SOLX) is pioneering enhancements within the Solana network by implementing an advanced Layer 2 scaling solution aimed at improving transaction efficiency, reducing costs, and alleviating network congestion.
Drawing inspiration from Ethereum’s Layer 2 developments, Solaxy blends familiarity with innovative upgrades, positioning itself as a compelling investment prospect.
Key Advantages:
The first Layer 2 solution designed to enhance Solana’s scalability
Dramatic reduction in transaction fees while improving network performance
Smooth cross-chain compatibility with Ethereum to boost liquidity
Fixed presale price of $0.001666 per token, with modest increases throughout the presale phase
Moreover, if a Solana-based spot ETF gains approval, Solaxy’s adoption could surge significantly. Ethereum’s success in attracting institutional investment via ETFs suggests Solana could follow suit, potentially bolstering Solaxy’s market presence.
With over $27 million already secured in early funding rounds and staking rewards reaching an impressive 151% per year, Solaxy ($SOLX) stands out as a highly promising investment.
XRP: UN Says its the Best in Global Crypto Payments
Ripple’s $XRP continues to make significant strides toward wider global adoption. The United Nations recently acknowledged XRP’s potential role in establishing an open, regulated, and international cashless payment system.
This recognition comes amid speculation that former President Donald Trump may consider XRP as part of the US Strategic Crypto Reserve.
Moreover, financial analyst Maximilian Staudinger recently submitted a proposal urging the SEC to explore using XRP to unlock $1.5 trillion currently held in US Nostro accounts—pre-funded reserves used for facilitating cross-border transactions, which aligns perfectly with XRP’s primary use case.
Key Features:
Enables fast and efficient cross-border transactions
Considered a potential reserve asset for the US government
Recognized by the United Nations for its role in a future cashless economy
Despite following the broader market’s downtrend over the past three months, XRP has demonstrated relative resilience. Although it has struggled to surpass the $3 threshold, it maintains strong support at $2.
With an RSI of 34, XRP appears to be concluding a recent sell-off, having risen 12.4% in the last 24 hours to trade at $2.53.
Solana: Poised for Global Crypto Adoption 2025
Solana ($SOL) has established itself as the market-leading competitor to Ethereum.
Since its launch in March 2020, Solana has amassed a significant market capitalization of $65.6 billion, a figure that is expected to grow further if the SEC approves spot Solana ETFs.
ETFs serve as regulated investment instruments that allow traditional financial market participants to gain exposure to Bitcoin through an accessible fund.
Bitcoin and Ethereum have already received ETF approvals, setting a strong precedent for Solana, given its competitive standing in the smart contract-based Decentralized Finance (DeFi) sector.
Notable Benefits:
High potential for ETF approval in 2025, enhancing mainstream adoption
The most formidable Ethereum alternative on the market
Speculated candidate for inclusion in the US Strategic Bitcoin Reserve
Currently, Solana remains in a prolonged price correction. While it reached a peak of $260 in January, macroeconomic and geopolitical uncertainties have led to a steady sell-off, with prices now 50% lower.
Solana’s relative strength index (RSI) stands at 57 and rising, signaling that the asset is approaching overbought territory. This suggests the dip buying momentum will end with Solana having secured its current price in the short-term.
Cardano: A Project Worth Watching
Finally, we turn to Cardano ($ADA). Trump has also hinted at Cardano as a potential inclusion in the US reserve asset portfolio. With a market capitalization of $25.2 billion, it is vying for Solana’s position as the dominant Ethereum competitor, though it still has considerable ground to cover.
Cardano’s founder, Charles Hoskinson, was originally a key contributor to Ethereum but parted ways with the team in 2014 due to ideological differences over the network’s operational model. Following his departure, he swiftly established Cardano as a scalable alternative to Ethereum.
Key Strengths:
More transparent development team with roots in Ethereum’s early days
Considered a possible addition to the US Strategic Crypto Reserve
Has exhibited greater price stability compared to Solana in recent months
Currently, Cardano’s price movements have shown strong support at $0.70 while facing resistance at $1 and $1.10, indicating relative stability during this period.
Cardano and Solana have moved in step over the last 24 hours, both of them adding 4% overnight, outpacing Bitcoin’s meagre 2% rise in the same period.
For investors seeking value, now is an opportune time to acquire ADA ahead of potential future gains.
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