If we enter a new bull market cycle, Solana, XRP, and many other leading altcoins are expected to surge significantly in a short time.
Last Thursday, Bitcoin ($BTC), the largest cryptocurrency by market capitalization, soared to an all-time high of $111,814, indicating that the cryptocurrency market may have officially entered a bull market phase.
Optimism in the digital asset space is on the rise. Historically, projects that quickly rebound after a market correction tend to lead the charge during market recoveries, delivering exponential returns.
Here is an overview of three mature and reliable altcoins and one promising emerging coin expected to become a hot meme coin. Each asset has strong fundamentals, and as the current rally strengthens, they could all yield 10x returns.
Solana ($SOL): On par with XRP, becoming a leading altcoin
First of all, Solana ($SOL) remains one of the most prominent smart contract platforms, with a market capitalization of $93.8 billion. It is known for its lightning-fast transaction speeds and extremely low fees, making it a strong challenger to Ethereum in the DeFi space.
There are speculations that U.S. regulators may approve a Solana spot ETF, which could replicate the institutional appeal seen with Bitcoin and Ethereum ETFs, leading to increased investor interest.
Trump also mentioned that Solana is a candidate for inclusion in the U.S. strategic cryptocurrency reserve, but only as a held asset, not as an asset the government could purchase, which may enhance its visibility on the world stage.
SOL recently broke out of a downward price channel, rebounding from over $250 in January to nearly $100 in February.
In the past day, it has dropped by 4% to $170, in line with the average depreciation trend of the $3.51 trillion cryptocurrency market, but when the market recovers, this bull market cycle could push Solana's price to $300 by the end of summer.
XRP: Cross-border payments are expected to grow under geopolitical and institutional support.
Ripple's XRP token continues to solidify its position in the global financial sector. Recently, it gained recognition from the United Nations, which views its technology as the foundation for a global regulatory digital currency system.
In a key development, Donald Trump hinted that XRP may become part of the proposed strategic cryptocurrency reserve, indicating that institutions highly value this altcoin's value proposition, similar to Solana, due to the level of services it offers.
With fast transaction speeds, growing bipartisan support, and increasing institutional interest, XRP's price remains strong around $2. Like Solana, XRP has also entered the top three altcoins, so the bull market cycle could push prices up to $3 by mid-year.
Sui Network: Can this flip XRP and Solana?
Sui Network is another altcoin claiming to outperform Ethereum. As it stands, all claims of being Ethereum killers seem somewhat arbitrary, as different blockchains have varying features.
Sui's advantage lies in its speed. It claims a throughput of up to 297,000 transactions per second (TPS), while Ethereum's TPS is only 15.
Sui has also outperformed Bitcoin over the past year. Despite Bitcoin's current strong momentum, its price has only risen by 58%, which is minimal compared to Sui's 246% increase.
Therefore, if the market is indeed at the beginning of a bull market cycle, then by midsummer, Sui's price could double.
Technical indicators have also given the green light for the stock's rise. Currently, the stock is rising from a bullish flag pattern formed between its parallel resistance and support levels from January to the end of March.
