- The Solana blockchain is known for fast transactions and low fees.
- XRP enhances cross-border transactions, attracting institutional investors with efficient solutions.
- NEAR offers scalability and low fees, making it ideal for decentralized applications.
Bitcoin and Ethereum ETFs have recently experienced significant outflows due to market volatility. Latest data shows the US spot Ethereum ETFs had a total net outflow of $548M and a daily net inflow of $7M on 4 October.
Meanwhile, analysts suggest that Solana, Ripple, and Near Protocol could be better investment options for now. So, what makes these 3 altcoins appealing?
Upcoming Solana Token Unlock Creates Excitement
Source: Trading View
Solana’s upcoming token unlock has created excitement among investors, despite concerns about a potential price drop. Between October 1 and 7, 524,030 SOL, valued at $81.56 million, will be released, constituting only 0.11% of the total circulating supply.
Despite this, Solana’s Total Value Locked (TVL) rose 2.75% in 24 hours to $5.506 billion. Technical analysis shows SOL is in an uptrend, and if it surpasses the $170 resistance, it may rally by 15%. Additionally, bullish metrics support this positive sentiment.
Ripple (XRP): A Solid Investment Choice
Source: Trading View
Ripple (XRP) shines as a reliable option during market ups and downs. The platform’s function in cross-border transactions has positioned XRP as a practical choice for financial institutions looking for efficiency.
Unlike Ethereum ETFs, XRP has continued to attract individual and institutional investors . Plus, active partnerships enhance the ecosystem and maintain competitiveness.
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Near Protocol (NEAR): A Future-Ready Platform
Source: Trading View
The NEAR Blockchain prioritizes scalability and usability to meet the demand for decentralized applications (dApps). Near Protocol boasts fast transaction speeds and low fees, appealing to developers and users alike.
Near Protocol supports diverse applications, boosting adoption and value. For those seeking strong fundamentals, Near Protocol stands out as a compelling option.
The analyst’s critique of Ethereum ETFs is a wakeup call for investors to explore different crypto investment options. According to him, Solana (SOL), Ripple (XRP), and Near Protocol (NEAR) offer exciting avenues for growth.
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