Missed XRP or BTC? Which altcoins have real potential in 2025?
New laws have changed the way certain cryptocurrencies are regulated, classifying some of them as 'digital commodities'. This means they will now be regulated by the Commodity Futures Trading Commission (CFTC) instead of the Securities and Exchange Commission (SEC).
Analyst Dagnum PI believes this is a huge win for utility tokens like Cardano ($ADA), Algorand (ALGO), Avalanche ($AVAX), Hedera ($HBAR), and BlockDAG (DAG), all of which rely on staking and node operations. These tokens can now be distributed as rewards for activities such as running nodes or validating data, without being classified as securities or commodity sales.
For example, Cardano (ADA) has made headlines as its developer activity even surpasses that of Ethereum. Whale activity has also been robust, with over 420 million ADA tokens recently added. ADA is currently trading at $0.6759, having risen over 2% in the past 24 hours.
An analyst has observed bullish signs for Algorand (ALGO). The MACD indicator is about to turn positive for the first time since September 2024, which could indicate the beginning of an upward trend. If ALGO closes above $0.25 on the weekly chart, it could trigger a rebound similar to the end of 2024.
Avalanche (AVAX) is seen as a leader in the Layer 1 space, currently stabilizing around $19.84, with a market cap of over $8 billion. Hedera (HBAR) is experiencing some volatility, but analysts believe it may be gearing up for significant fluctuations. It is currently trading at $0.1764, with support levels around $0.146 and $0.171.
