While Bitcoin (BTC) takes a big hit from geopolitical tensions in the Middle East altcoins faced an even deeper decline.
Ethereum (ETH) and other popular altcoins fell between 10-15% last week, Santiment pointed out that the three altcoins could make big moves amid fundamental developments and institutional interest.
At this point, while Santiment markets are trying to recover XRP, Aptos (APT) and Chainlink (LINK) He said that he experienced the highest increase in discussions on social media.
Stating that XRP, APT and LINK have already attracted a lot of attention from investors, Santiment said that these three altcoins should be watched for the upcoming rally.
“There are some familiar names among the most popular altcoins in the crypto world. These altcoins are recovering with new and interesting developments…
1) XRP: Traders excited about Bitwise filing. Additionally, major conversations surrounding the SEC’s appeal of a decision classifying XRP as a non-security asset have reignited discussions about Ripple’s operations, XRP.
2) Aptos- APT: Aptos Labs’ acquisition of HashPalette Inc., aiming to strengthen its position in the Japanese blockchain market. Additionally, Franklin Templeton’s launch of the OnChain US Government Monetary Fund on the Aptos blockchain highlights the growing institutional interest.
3) Chainlink- LINK : Excitement about SWIFT’s collaboration on blockchain technology and interoperability. There have been successful trials involving Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and its role in connecting various blockchain networks for financial institutions.”
🗣️ The top trending tokens in crypto have some familiar names as altcoins rebound with new & interesting developments brewing…
🥇 1) XRP $XRP: Traders are excited over the ETP Bitwise filing. Also, major talks surrounding the SEC’s appeal against a ruling that classified XRP… pic.twitter.com/GfqGL3RBtc
— Santiment (@santimentfeed) October 4, 2024
*This is not investment advice.
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