The week ended on a positive note for several cryptocurrencies, as social sentiment turned positive this Thursday. According to data from the on-chain analysis platform Santiment, market participants are collectively expressing their enthusiasm for various crypto assets, particularly BTC, ETH, XRP, SOL, USDT, and RLUSD.
The leading cryptocurrency, Bitcoin, seems to be trending due to an increase in bullish price predictions for BTC despite the asset's drop to $100,000, treasury acquisitions by leading companies, and new Spot Bitcoin ETF filings, among other reasons.
It is noteworthy that President Trump's Truth Social announced the launch of a spot Bitcoin ETF, with excerpts from the filing stating that "The Trust's assets consist primarily of bitcoin held by a custodian on behalf of the Trust."
Similarly, discussions about ETH and the Ethereum blockchain highlight its staking security model and the growing institutional interest rates, with key players like Grayscale, BlackRock, and Fidelity backing ETH.
After $ETH , $XRP , and $SOL lead the discussions on altcoins. While the debate on cross-border payments and institutional adoption by Ripple's partners constitutes a significant part of the discussions on XRP, the recent initiative by the Chinese company Webus to raise $300 million for an XRP treasury plan has become a hot 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 place in the conversation forum this week, with traders and investors showing great interest in SOL.
Ripple's RLUSD and Tether's USD are stablecoins that are booming this week. The stablecoin RLUSD is set to successfully integrate into Ripple's global payment networks based in the UAE and Dubai following regulatory approval. Similarly, USDT has been mentioned alongside various futures platforms, such as KuCoin, ByBit, Binance Futures, and OKX, with market participants anticipating long-term mass adoption.
