XRP, SOL, ADA In Supercycle: Which Altcoin Will Explode

The crypto market is experiencing an impressive comeback, led by Bitcoin, which is leading the way with a recovery in market capitalization and price value to previous highs.

The mood is mostly bullish, and remarkably, altcoins are following Bitcoin’s lead. Although the majority are still recovering, Solana, XRP, and Cardano stand out as particularly promising altcoins during this period.

This trend gained additional momentum in February; the total market capitalization rose from about $1.7 trillion on February 1 to more than $2.07 trillion, a gain of more than 21%.

With the year just beginning and many potential catalysts on the horizon for the coming months, the question becomes: which altcoin will really explode?

Ripple (XRP)

Ripple’s As March approaches, the start date of the process with the US Securities and Exchange Commission (SEC) also approaches.

Ripple is in the midst of a significant legal battle with the commission, with the highly anticipated trial set to begin on April 23. A favorable development in this process could have a significant impact on the price of XRP.

In addition, Ripple recently acquired the Standard Custody & Trust Company, an entity with several money transfer licenses in the US, as well as a major payment institution license from the Monetary Authority of Singapore and a virtual asset services provider registration with the Central Bank of Ireland.

Ripple has also announced plans to roll out payments products in the US, which could also be a positive catalyst.

Solana (SUN)

Solana has put on an impressive performance in recent months, rising to become one of the top 5 largest cryptocurrencies by total market capitalization, even temporarily overtaking BNB for fourth place. To give you an idea, at the end of November, SOL was trading around $58. At the time of writing, this has risen above $100, representing an impressive 77% increase.

While February was also positive for SOL, it appears that this cryptocurrency is struggling to keep up with other top gainers such as Ethereum and even Bitcoin. Data from TheBlock shows that a number of key on-chain metrics for Solana are still on a clear upward trend despite the dip in February. For example, the 7DMA graph of the number of active addresses on the network over the past year looked like this:

As we get closer to the Bitcoin halving, explosive altcoins like Solana could continue their upward trend and are definitely worth following.

Cardano (ADA)

Cardano (ADA) is in a long-term bullish cycle, with bulls recently pushing ADA to a six-day price high of $0.6. After this remarkable price increase, the asset underwent a slight correction but still managed to maintain its daily and hourly gains.

Market participants are still predicting a bold price target of $1, especially if ADA successfully replicates its 2020 market performance. Despite this bullish expectation, on-chain metrics point to a significant obstacle, namely a decline in active addresses. If this trend continues, prices will likely stagnate. At the time of reporting, ADA was trading at $0.58.

In addition to established altcoins such as Solana, XRP, and Cardano, emerging presale coins, with their promise of innovation, offer a unique opportunity to earn significant returns in this bullish cycle.

Green Bitcoin (GBTC)

Bitcoin Minetrix (BTC.MTX) has introduced a groundbreaking approach for crypto investors who want to profit from Bitcoin mining without the need for proprietary mining hardware or extensive technical knowledge. This innovative concept revolves around their BTCMTX token, which operates on the Ethereum network.

A notable feature of Bitcoin Minetrix is ​​its ‘Stake-to-Mine’ mechanism. By staking BTCMTX tokens, users can earn additional tokens and mining credits. These credits represent tokenized mining rights and can be exchanged for free hashing power to mine Bitcoin.

🚨 US judge halts government effort to monitor #Crypto mining energy use amid concerns over environmental impact.

How can the #Cryptocurrency industry work towards minimizing its environmental footprint while continuing to innovate?#BitcoinMinetrix also proudly reveals another… pic.twitter.com/rMmyPaQnPw

— Bitcoinminetrix (@bitcoinminetrix) March 1, 2024

Investing in BTCMTX, currently priced at $0.0137 per token, which will continue to rise within 24 hours, is seen as an opportunity to benefit from both the growth of this particular token and confidence in the future of Bitcoin itself. This innovative model makes Bitcoin mining more accessible than ever before, leading to Bitcoin Minetrix raising over $11.6 million during its pre-sale.

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Smog (SMOG)

Smog (SMOG), a popular meme coin on the Solana network, has gained more than 30% in value over the past week and is now just below $135. Smog is benefiting from this growth and attracting increasing attention, especially due to the planned airdrop that is expected to be the largest on Solana.

Smog, launched last month, has increased by 16% in the past 24 hours. By buying and holding SMOG, investors can qualify for the project’s upcoming crypto airdrop. By completing quests they can earn additional airdrop points, further increasing the size of their airdrop.

Smog is available on both Solana and Ethereum, allowing investors to purchase the token via the official website and through Jupiter. On the website they can also stake SMOG for an APY of 42%, which gives extra airdrop points.

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Frog Wif Hat (FWIF)

Frog Wif Hat (FWIF) is an emerging meme coin that combines the best of other well-known cryptos, such as Dogecoin, Pepe and Dogwifhat. FWIF launched earlier this week and has already seen an increase of over 30%. It originally launched on Ethereum, but has plans to soon be available on Solana, allowing traders to benefit from lower transaction fees.

GM! 🐸🎩

You’re not ready for what’s coming. 🥖$FWIF #FrogWifHat #Web3 #Alts pic.twitter.com/IcWMVRfyBI

— Frogwifhat (@Frogwifhat_coin) March 1, 2024

Frog Wif Hat has ambitious goals, including reaching a market cap of $100 million (a 50x increase from current levels) and acquiring 10,000 holders. Frog Wif Hat has launched in a fair manner, without pre-sale, and investors can purchase FWIF tokens via the official website or through Uniswap.

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Sponge V2 (SPONGEV2)

Sponge V2 (SPONGEV2) is the successor to Sponge and introduces a Play-to-Earn game. Open to everyone, this game promises both a free version with no wagering requirements and a paid version that awards extra Sponge V2 tokens. Sponge V2 is available exclusively to holders who stake the original Sponge token (V1).

It offers the opportunity to get in early and earn passive rewards in the form of Sponge V2 tokens. These tokens can be claimed in bulk before the token officially launches on exchanges, with future plans for listing on more Tier 1 exchanges.

You’re not ready for $SPONGE 🧽🚀🧽#Web3 #Crypto #MemeCoin #Alts pic.twitter.com/RA9AKTddyg

— $SPONGE (@spongeoneth) February 27, 2024

Sponge V2 offers investors a unique opportunity to be part of a potential next 100x pump, backed by concrete utility and innovation in the form of a P2E game.

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