XRP and SOL: Two Crypto Assets with the Potential to Make a Profit, Here's the Analysis!

Bittime - In the midst of minimal capital shifting to altcoins, a number of assets in this category have the potential to earn big profits.

BTC Dominance and Altcoins

Bitcoin (BTC) still dominates the market with a 60.4% share, meanwhile altcoin others receive less attention. There was an expectation that Ethereum (ETH) will lead the rally altcoin, but its performance has been less than satisfactory in recent weeks. This condition is thought to be one of the inhibiting factors altcoin season.

XRP and SOL, 2 Crypto Assets with Potential for Profit: Here's the Analysis

XRP

XRP is one of the digital assets that is predicted to lead the crypto asset market in the future. After consolidating below $1 for a long time, XRP finally broke through breakout, driven by hopes of clearer regulations under the Donald Trump administration.

Read too The US Trade War and Its Impact On Bitcoin, XRP, and ETH

Completion of the Ripple vs SEC Legal Case

One of the main catalysts that could drive the XRP rally is the development of a legal case between Ripple and the SEC. This case has been putting pressure on the price of XRP. However, with the new administration, there is hope that the case will be dismissed or that Ripple can reach a more favorable settlement.

There is Potential for an XRP ETF

Although XRP is also feeling the impact of the market correction, there are other catalysts beyond regulatory developments that could push its price up. One of them is the potential approval of an XRP-based ETF.

Grayscale Trust and Purpose Investments have already filed for an XRP ETF

With asset managers like Grayscale Trust and Purpose Investments which have submitted applications, as well as support from the US government which is pro-crypto, approval of the XRP ETF is expected to materialize within the next year.

An ETF will make it easier for traditional investors to access XRP, increasing demand, trading volume and price momentum. More importantly, ETFs can accelerate the adoption of RippleNet in the financial system mainstream.

Read too XRP Price Prediction 10 February 2025: Today's Trends and Scenario

XRP whales are even buying up XRP

Additionally, large investors (whales) show strong confidence in XRP. Amid the recent price decline, they actually accumulated 540 million XRP tokens, reflecting their confidence in the long-term potential of this asset.

XRP to USDT via Market Bittime

When this article was written, XRP was trading at $2,391, down from -3.49% in the last 24 hours. On a weekly basis, this token is still listed increase of more than 9%.

Solana (SOL)

Solana (SOL) is one altcoin which recorded stable price growth in the last year. The potential for price increases is still wide open, along with its ambition to challenge established projects like Ethereum.

Solana Technology That Lures Large Institutions

Having faced technical difficulties, Solana has now recovered and is increasingly popular as a launch platform same corner, which has contributed to SOL's recent positive momentum.

Apart from that, innovation proof-of-history Solana's (PoH) enables transaction processing 46 times faster than Ethereum, attracting the interest of big players like Visa. This large institutional interest positions Solana as a key player in the financial ecosystem, potentially supporting its long-term growth.

Solana ETF Speculation is Quite Possible

In terms of institutional capital, Solana has the potential to receive larger investments, as speculation regarding exchange-traded fund (ETF) Solana that may be approved by regulators. With the support of the US government which is pro-crypto, the opportunity for Solana ETF approval is quite open.

Solana's growth potential is also supported by its increasing popularity. Analyst on-chain, Ali Martinez, noted that Solana is seeing the addition of five million new addresses every day. 

Read too Crypto ETFs Potentially Approved in 2025: Solana, XRP, Litecoin, HBAR

Performa Solana (SOL)

Regarding price movements, SOL was also affected by the recent crypto market correction, even losing a zone support $200. 

USDT to SOL via Market Bittime

When this article was written, SOL was trading at around $201.82, down around -2.1% in the last 24 hours. However, on a weekly basis, this asset is still recorded an increase of more than 4%.

FAQ

1. What are the main advantages of Solana (SOL) compared to other crypto assets?

Solana stands out for its high speed and scalability, achieved through a combination of technological innovations Proof of History (PoH) and Tower BFT consensus mechanism.

2. What is the main function of SOL in the Solana ecosystem?

SOL is the native crypto asset of the Solana platform. Its functions include payment of transaction fees, staking to secure the network, as well as participation in the network governance process.

3. To what extent is Solana's potential to compete with Ethereum in the development of decentralized applications (DApps)?

Solana has significant potential to compete with Ethereum. High transaction speeds and low fees attract developers to build and deploy DApps on the Solana platform.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference

Paul L., 2 altcoins to make you a millionaire by 2030, Accessed February 10, 2025

Author: IN