Solana, XRP and Cardano are ready for rapid growth

Analysts of the virtual asset market note that the industry is experiencing a significant upswing, with bitcoin BTC $56,852.47 Bitcoin -0.23% Market capitalization $1.12 trillion VOL. 24 hours $1.19 billion traditionally leading the way. As market capitalization and price return to previous highs, market sentiment is mostly bullish.

Interestingly, altcoins are following the market leader. Although most of them have yet to recover, Solana, XRP, and Cardano are the three altcoins that are considered the most promising for another bullish breakout.

Solana SOL $137.53 Solana -1.28% Market capitalization $63.75 billion VOL. 24 hours $0.36 billion is one of the most promising altcoins. SOL bulls started the month positively, and the market capitalization returned to previous levels. The pressure on buyers has increased as the daily and hourly profits of Anatoly Yakovenko’s blockchain cryptocurrency continue to grow. Over the past two weeks, the price of SOL has also increased by 15%, making it one of the best performing coins. Crypto market players are expecting the coin to soar to $ 150.

While the cryptocurrency market is gaining momentum, Ripple’s XRP $0.43 XRP -2.23% Market capitalization $23.73 billion VOL. 24 hours $79.74 million , like several of its peers, is making a much-needed price recovery. The altcoin traded around the $ 0.5585 and $ 0.5836 price levels for a short time before the bulls secured almost 10% gains. XRP traders can take advantage of the current movement patterns before XRP reaches the next major target at $ 0.68 as resistance at $ 0.54 has successfully turned into support.

Market indicators are signaling a bullish stance for the asset as the 3-day Relative Strength Index (RSI) is making a new high and breaking above the moving average. So the price is ready to go up.

Cardano ADA $0.36 Cardano -0.48% Market capitalization $12.61 billion VOL. 24 hours $30.89 million is currently in a long-term bull cycle. The bulls successfully pushed ADA to a six-day price high of $ 0.6. After the notable price increase, the asset corrected slightly, but managed to maintain its daily and hourly gains.

Market players are still making bold predictions for a price of $ 1, especially if ADA successfully mimics its 2020 market performance. Despite this bullish call, internal metrics point to a serious obstacle for the asset. In particular, the number of active addresses is declining. If this trend continues, the price will inevitably adjust downward.