Ripple (XRP), Cardano (ADA), and Solana (SOL) in the Context of Memes
The early behavior of the bull cycle suggests that Ripple $XRP, Cardano ($ADA), and Solana ($SOL) are among the top altcoins for the bull run of 2025. However, an unexpected turn of events is pushing other strong altcoins to dominate at the beginning of the altcoin season, which analysts predict will occur in the first quarter of 2025.
Ripple received a favorable ruling in the case between the fintech firm and the SEC. This has become a tailwind for the initial recovery of XRP after years of a bearish trend. Furthermore, the anticipated plan by Donald Trump to ease regulatory oversight and the imminent removal of current SEC Chairman Gary Gensler have boosted XRP users' confidence in the growth potential of the cryptocurrency token.
Recently, Cardano upgraded its network, revolutionizing its governance system. After the upgrade, many blockchain analysts considered Cardano one of the most decentralized smart contract platforms, positioning it for broader adoption by DApp developers and major institutions. This increased user trust and attracted significant capital into the network's ecosystem in the early bull cycle. The proposed partnership with the U.S. government has also raised user expectations, making ADA one of the favored cryptocurrencies for the next bull run.
Meanwhile, the scalability of Solana has highlighted it as a top network that has attracted numerous independent DApps. The growing adoption of the Solana network is reflected in the price development of SOL, as the cryptocurrency has become one of the most efficient digital assets in 2024.
Despite the achievements of these cryptocurrencies, other leading altcoins are finding notable momentum and positioning themselves as favorites for the next phase of the bull run. Meme coins like DOGE and SHIB are showing significant rally potential, especially after a recent pullback. DOGE found support at $0.2615 and traded at $0.3452. Crypto analysts believe the resurgence of the meme coin could deliver substantial growth and push it to record levels. The situation with SHIB is similar, though most analysts believe the meme coin project is in a stage of evolution. Many SHIB supporters are optimistic that it will regain its historical bullish momentum and become a leader in the next altcoin season. Another factor that analysts believe will support the anticipated rally in the future is the practice of burning SHIB.