The week ended on a promising note for several cryptocurrencies as social sentiments turned positive this Thursday. According to data from the on-chain analytical platform Santiment, market participants are collectively expressing excitement about several crypto assets, notably BTC, ETH, XRP, SOL, USDT, and RLUSD.
Leading cryptocurrency Bitcoin appears to be trending due to an increase in bullish BTC price predictions despite the asset’s drop to $100,000, treasury acquisition by leading companies, and new Spot Bitcoin ETF filings, among other reasons.
Notably, President Trump’s Truth Social announced the launch of a Spot Bitcoin ETF, with excerpts of the filing noting that “The assets of the Trust consist primarily of bitcoin held by a custodian on behalf of the Trust.”
Similarly, conversations regarding ETH and the Ethereum blockchain highlight its staking security model and rising institutional interest rates, with key players like Grayscale, BlackRock, and Fidelity backing ETH.
Right behind ETH, XRP, and SOL are now leading altcoin-based conversations. While cross-border payment discourse and institutional adoption by Ripple partners are making up a huge part of the ongoing discussions for XRP, the recent move by a Chinese-based firm, Webus, to raise $300 million for an XRP treasury plan has become a trending topic.
On the other hand, Solana’s high transaction speed and significant Total Value Locked (TVL), the Layer-1 blockchain and its native token SOL have earned it a spot in the conversation pit this week, with traders and investors showing keen interest in SOL.
Ripple’s RLUSD and Tether’s USD are stablecoins heating up this week. The RLUSD stablecoin can successfully be embedded into Ripple’s UAE and Dubai-based global payment networks upon regulatory approval. Similarly, the USDT has been mentioned along with several futures platforms, including KuCoin, ByBit, Binance Futures, and OKX, with market participants anticipating mass adoption in the long term.
