The post SUI Set to Explode, But Don’t Sleep on XRP and Other Altcoins appeared first on Coinpedia Fintech News
Bitcoin is currently holding above $103,000, and despite the recent rally, retail interest in Bitcoin has been at a six-month low. Bitcoin has also started to lose its dominance, and altcoins are showing signs of growth. Altcoin Buzz, in a recent YouTube video, has listed a few altcoins that could rally in the coming months.
SUI Steals The Spotlight, Surpasses Solana In Daily Inflows
Currently, SUI is the top choice among other altcoins, and it is also growing fast. SUI has reached around 190 million total accounts, growing over 35% in the past month. Its DEX volume has surpassed Avalanche, Polygon, and Optimism combined. It has also surpassed Solana in daily inflows with over $84 million invested year-to-date, beating Solana’s $76 million. Its adoption and ecosystem are also expanding rapidly.
The SUI ecosystem is receiving support from Binance Alpha and a partnership with 21Shares, which could mean SUI ETFs are coming soon. SUI’s Defi sector has crossed $2 billion in total value locked, making it the third-largest blockchain by daily active users with 2.5 million real daily addresses. Institutions are also quietly investing in SUI.
Ethena, AVAX Also Record Gains
Other altcoins that are experiencing growth are Ethena (ENA), AVAX, and XRP. Institutions are quietly buying ENA, which recently found strong support and looks promising. AVAX is also witnessing massive growth on-chain. It has seen a 979% surge in active addresses, a 178% jump in transactions, and a 168% spike in fees.
Its daily transactions have hit all-time highs at 8.8 million. Big investors are noticing it, and its price is doing well above $22.50. $27 is a key resistance level to watch for the coin. It’s also included in VanEck’s Tokenised treasury fund, which shows growing institutional interest.
Up next is Ripple (XRP), which is also showing steady growth and might break above $2.60, possibly breaching the $3 level. Analyst notes that with Bitcoin holding above $102,000, it is a good time to consider long positions in altcoins. Overall, the market looks ready for a potential rise.
