- Altcoins may experience strong growth as long as BTC remains steady, shared analyst Altcoin Sherpa.
- XRP has emerged as a top-performing altcoin with a recent surge in value.
- Digital asset investment products have made an impressive recovery, with recent inflows totaling $160 million.
On March 29, crypto influencer Altcoin Sherpa tweeted that altcoins still have a strong run coming up, as long as BTC remains steady. They assume that meme coins will be the last to experience growth, but acquiring some of these coins could lead to a potential gain.
Altcoin Sherpa asked to be recommended some favorite investments, promising to invest some money into them. The suggested options included $DOGE, $FLOKI, and $SHIB.
On the other hand, CoinShares’ latest report states that digital asset investment products made an impressive recovery after experiencing six consecutive weeks of outflows totaling $408 million. The report reveals that these products witnessed recent inflows totaling $160 million, which marks the largest weekly gain since July 2022.
During the recent surge in digital asset investment, XRP has emerged as one of the top-performing altcoins, with inflows totaling $1.2 million. XRP, which is associated with Ripple Labs, a blockchain company, has experienced a 6.3% increase in its trading value, currently trading at $0.48.
Over the past week, the coin’s value has risen by approximately 24%. John Deaton, a lawyer known for his support of XRP, has suggested that if Ripple Labs wins its ongoing legal battle with the U.S. Securities and Exchange Commission, the price of XRP may rise further. A crucial court decision, expected to be delivered in the next few weeks, could have a significant impact on XRP’s future growth and the broader cryptocurrency market.
Tom Busby, a prominent crypto analyst, has recently released a video analysis, where he identified five altcoins that he predicts will dominate the market in April. The coins he mentioned are dYdX, Polygon, Zilliqa, XRP, and Ethereum.
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Source: https://coinedition.com/crypto-influencer-tweets-altcoins-growth-directly-proportional-to-btc/