XRP and other altcoins to be ‘major winners’ from crypto-friendly regulation, analyst say

Options traders piled immoderate $640 cardinal connected bets that Bitcoin volition deed $120,000 connected December 27.

However, there’s lone a 10% accidental that those bets volition wage out, according to probe steadfast Kaiko.

“While the chances of BTC gaining different $15,000 successful the adjacent 10 days oregon truthful are slim, this doesn’t mean determination won’t beryllium gains successful different assets,” Kaiko analysts wrote successful a Monday note.

Smaller cryptocurrencies similar Solana, XRP, and Cardano person outperformed some Bitcoin and Ethereum this year, particularly aft Donald Trump’s predetermination win, Kaiko wrote.

“These assets are each acceptable to beryllium large winners amid changing regulatory scenery successful the US,” arsenic Securities and Exchange Commission Chair Gary Gensler is acceptable to exit connected January 20, they wrote.

Gensler spearheaded the agency’s crackdown of the crypto industry. His attack turned disconnected the crypto industry, which is present counting the days until his departure.

XRP

Ripple-linked XRP has been the standout victor successful the post-election rally. It has skyrocketed implicit 400% since November 5 and is present the 3rd biggest cryptocurrency aft Bitcoin and Ethereum.

Arthur Azizov, CEO of crypto outgo supplier B2BINPay, recently told DL News that helium expects it to interruption its $3.4 terms grounds earlier the extremity of the year.

“It volition perchance commercialized betwixt $5 and $7 successful the archetypal fractional of 2025,” helium said.

Solana

Solana reached a record $263 successful precocious November, but the terms has fallen implicit 15% since. Even so, it’s inactive up astir 33% since the election.

Market watchers are inactive bullish. UK slope Standard Chartered projects that the cryptocurrency could ascent adjacent to $700 by the extremity of 2025.

“Then SOL could adjacent overtake Ethereum,” successful full value, Philippe Bekhazi, CEO and co-founder crypto trading steadfast XBTO, precocious told DL News.

Bitcoin and Ethereum

Bitcoin and Ethereum volition besides spot their prices skyrocketing implicit the adjacent twelvemonth to $200,000 and $10,000 respectively, according to Standard Chartered.

On Monday, crypto investigation steadfast 10x Research predicted that Bitcoin volition surge to $120,000 by Trump’s inauguration.

Crypto marketplace movers

• Bitcoin is up 2.9% implicit the past 24 hours to commercialized astatine $106,804.
• Ethereum is up 2.3% to commercialized astatine $3,998.

What we’re reading

• Crypto’s ‘debanking’ statement is headed to Capitol Hill adjacent year — DL News
• Are these apical performers successful you portfolio? — Milk Road
• Crypto Investment Firm CoinFund Expands Investment Team successful 2024, Plans Further Growth — Unchained
• What you missed this week — Milk Road
• Ripple’s caller stablecoin is here. How it plans to rival Tether, PayPal, and Robinhood — DL News

Update December 19: A erstwhile mentation of this communicative inaccurately suggested that analysts told investors to bargain altcoins. The header and assemblage transcript person been changed to bespeak that.

Eric Johansson is DL News’ News Editor. Got a tip? Email astatine [email protected].