Altcoins On The Rise: Why XRP, SOL & ADA Are Topping The Charts?

Juhi Mirza
Cryptocurrency: 3 Altcoins That Could Outshine Bitcoin in February

Solana, Ripple, and Cardano are making a solid comeback as crypto market momentum turns bullish. 

With the current BTC ETF wave, the crypto market seems to be buzzing with positive indicators, pushing leading crypto coins to touch new all-time highs. 

Among other leading crypto coins, Solana, XRP, and Cardano seem to have recently acquired significant momentum. Here’s why these three altcoins are rising to new highs. 

Also Read: Ripple XRP: How To Be a Millionaire if XRP Reclaims $3.40 Peak?

Solana to break its $150 threshold?

Altcoins Lose Favor as Bitcoin, Ether, and Stablecoins Command 80% of the $1T Crypto Market
Source: BrightNode

Solana has lately been grabbing the central spotlight by forging alliances with leading market players like Filecoin. SOL spearheaded the month with significant gains, starting with reclaiming its lost market cap statistics. 

The crypto market has surged more than 14% in the last two weeks. The latest surge has compelled market analysts to hope that crypto will soon cross the ambitious $150 mark. 

At press time, the SOL is up 0.26%, trading at 105.36%.

Cardano and Ripple Are Reclaiming Their Former Glory

With the consistent bull action pushing XRP’s price up a notch, Ripple is poised to gain significant positive momentum. The altcoin is currently trading at $0.5401. Per our latest analysis, if XRP bulls are able to break the resistance, the altcoin’s price can also ascend to $0.59. 

Similarly, ADA has also been portraying positive bullish indicators. The ADA bulls have helped its price surge to $0.6. However, the price has also noted a slight dip with its current price trading at $0.58, down 1.85% in the last 24 hours.  

Also Read: Cardano Signals a Bullish Streak: Why is ADA Rising? 

Cardano has lately been targeted by crypto market players like Arthur Hayes, as an altcoin with no significant value. Despite the negative market reviews that ADA seems to be getting lately, the altcoin seems unfazed and continues to ascend in terms of pricing.