Analyst Lists Altcoins He Followed During the Drop Besides Bitcoin (BTC)! Here’s That List Including Ethereum (ETH) and XRP!

The outlook for Bitcoin and altcoins is not looking good after the hack of leading cryptocurrency exchange Bybit.

While BTC is trying to hold on to the $95,000 level, larger declines are observed in altcoins, especially Ethereum.

While the general struggle in the crypto market continues, the founder of the YouTube channel Altcoin Daily stated that some altcoins are giving strong buy signals and listed the five cryptocurrencies that stand out in the current situation.

1-Bitcoin (BTC):

Stating that Bitcoin continues to be the focus, the analyst drew attention to the Bitcoin-Cardano connection.

Citing Cardano founder Charles Hoskinson’s recent announcement that Babel Fees will allow users to pay transaction fees in wrapped Bitcoin (WBTC) instead of ADA, the analyst said that this will contribute positively to Bitcoin.

“This will make Bitcoin more usable in DeFi, removing the need for a secondary token and potentially creating new opportunities for BTC in the DeFi space. It will increase interest in Bitcoin.”

2- Ripple (XRP):

Stating that XRP will benefit from the increasing use of RLUSD, a stablecoin built on XRP Ledger (XRPL), the analyst said that the total supply of RLUSD reached $120 million in just two months and continues to grow.

Stating that the success of RLUSD will continue, the analyst predicts that it will make a positive contribution to the XRP price.

At this point, the analyst claimed that XRP is among the altcoins that can be purchased.

3- Ondo Finance (ONDO):

Noting that Ondo Finance played a pioneering role in tokenizing real-world assets (RWAs) such as stocks, bonds and shares on the blockchain, the analyst stated that tokenization has also become quite popular recently.

The analyst also recalled the ONDO investment and partnership of the Donald Trump-backed WLFI project and said that ONDO should also be monitored by investors.

4-Ethereum (ETH):

Stating that the exchange and large institutional investors’ Ethereum purchases increased after the Bybit hack, the analyst said that this situation reflects the confidence in ETH.

Expressing that he expects institutional interest to increase further, the analyst stated that ETH has an upward potential in the long term.

5- Solana (LEFT):

Stating that Solana should also be monitored by investors and is among the altcoins that can be purchased, the analyst referred to Bitwise’s Solana report.

Bitwise said in a recent report that many investors have overlooked Solana, saying that its rapidly growing developer activity, increasing adoption, and strong institutional support could propel Solana to $6,600 by 2030.

While the analyst presented opportunities in Bitcoin and major altcoins to investors, he also listed the best altcoins that can be preferred among altcoins with lower market values:

At this point, the analyst pointed to Chainlink (LINK), BitTensor (TAO), VeChain (VET), and Supra (SUPRA).

*This is not investment advice.