- Altcoin market, led by XRP and ADA, added $13B to TOTAL3, reaching $985B as global markets reopened for 2025.
- XRP surged 10% to $2.35, bolstered by pro-crypto regulatory changes, with analysts projecting a 50% rally to $3.66.
- Cardano’s upgrades drove ADA’s 8% rally to $0.92, with institutional investments fueling optimism for continued crypto market growth.
The altcoin sector, spearheaded by Ripple Labs’ XRP and Cardano (ADA), has started the year with noticeable gains. As global markets reopened for 2025, Bitcoin (BTC) recorded a 2 percent increase over the past 24 hours.
Additionally, it traded at approximately $95,323 during the early European session on January 2. TOTAL3, an index tracking altcoins excluding BTC and Ethereum (ETH), rose by over $13 billion to hover near $985 billion.
From a technical perspective, the altcoin market is preparing for a significant upswing. This outlook follows the bullish trends that concluded 2024. Analysts believe the market may sustain its upward trajectory, fueled by both technical and fundamental factors.
Ripple’s XRP Surges with Favorable Regulatory Changes
Recently, Ripple’s XRP has been a standout performer in months, gaining traction from regulatory shifts in the United States. The appointment of pro-crypto advocate Paul Atkins as the new chair of the US SEC has boosted investor confidence.
Moreover, XRP gained over 10 percent in the past day, trading around $2.35 at the time of writing. Its fully diluted valuation stands at approximately $236 billion, with a 24-hour trading volume of $10 billion.
Further, Crypto analysts anticipate further growth for XRP. Captain Faibik predicts a 50 percent rally to an all-time high of $3.66. However, for this to materialize, XRP must break out from its current descending triangular pattern.
Cardano Strengthens Its Position Through Upgrades
Significantly, Cardano’s network has advanced through strategic upgrades and partnerships, cementing its place among leading blockchain platforms. The recent Chang hard fork improved network functionality and strengthened its decentralized governance structure. These advancements have positioned Cardano as a top contender in the crypto space.
ADA, Cardano’s native cryptocurrency, has reflected these developments with substantial gains. After a 140 percent growth in the fourth quarter of 2024, ADA rallied over 8 percent in the past 24 hours.
Currently, it trades at approximately 92 cents. Despite this bullish momentum, ADA needs to surpass the 50-day Moving Average consistently to invalidate the ongoing correction trend.
Institutional Investments Bolster Crypto Outlook
Additionally, institutional investors are increasingly allocating funds to the web3 space, driven by the ongoing macro bull run. The re-election of Donald Trump to the White House has further amplified the bullish sentiment across global markets.
Consequently, this political shift has encouraged greater participation from traditional financial institutions, reinforcing the cryptocurrency market’s growth potential.
Therefore, the confluence of favorable technical patterns, regulatory clarity, and institutional investments underscores the growing strength of the crypto sector. These developments could pave the way for a robust market performance in the coming months.
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