Bitcoin (BTC) took a major hit from geopolitical tensions in the Middle East, while altcoins faced an even deeper decline.
While Ethereum (ETH) and other popular altcoins have fallen between 10-15% in the past week, Santiment pointed out that the three altcoins could make big moves amid fundamental developments and institutional interest.
At this point, Santiment said that XRP, Aptos (APT), and Chainlink (LINK) have seen the most increases in discussions on social media as the markets try to recover.
Noting 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 are excited about the Bitwise filing. Additionally, the massive talks surrounding the SEC’s appeal of a decision that classified XRP as a non-security have reignited discussions about Ripple’s operations, XRP.
2) Aptos- APT: Aptos Labs’ acquisition of HashPalette Inc. aims 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 around 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.
