The 10x Opportunity of Three Major Altcoins: A New Narrative for Hedge After the Federal Reserve Pauses Rate Cuts
STRK
StarkNet (STRK) has faced many challenges since its large-scale airdrop at the beginning of 2024. After significant holders like Nethermind sold off large amounts, the token's price plummeted from $4 to below $0.50. STRK briefly rebounded to $0.70 but then fell back to around $0.13.
Despite the price drop, analysts remain hopeful. Short-term target price levels are set around $0.60 and $0.80, with more people believing that Bitcoin is about to break through. A recent increase of over 10% suggests a recovery in optimistic sentiment, with trading volume and community support also on the rise.
XRP
XRP is making noise again. Ripple's token has traded at $2.23 over the past year, increasing by 329%, capturing renewed attention. Several recent actions have intensified this significant rise. On May 1, Ripple locked 700 million XRP in custody, reinforcing its commitment to supply control.
Shortly thereafter, 500 million XRP was moved on-chain, valued at over $1.1 billion, sparking speculation about an impending market shift. Ripple CEO Brad Garlinghouse met with Donald Trump, resonating with discussions about potential regulatory changes and national-level discourse.
Sol
Solana's resurgence cannot be ignored. Currently, the project's trading price is around $151.18, bouncing back from last month's lows and approaching key resistance levels of $153 to $155. Whale activity indicates confidence. Major players bet on long-term growth sales worth over $45 million, transferring 300,000 Solana to a wallet holding over $45 million.
At the same time, another significant transfer to Kraken signals that some traders are focusing on profits, leading to intense battles between bullish accumulations and profit-taking. Nevertheless, technical indicators remain positive. RSI and MFI suggest that buyers are still in control.
Solana's price target is ambitious.
