廣告
香港股市 已收市
  • 恒指

    16,224.14
    -161.73 (-0.99%)
     
  • 國指

    5,746.61
    -57.25 (-0.99%)
     
  • 上證綜指

    3,065.26
    -8.96 (-0.29%)
     
  • 滬深300

    3,541.66
    -28.14 (-0.79%)
     
  • 美元

    7.8320
    +0.0008 (+0.01%)
     
  • 人民幣

    0.9238
    +0.0001 (+0.01%)
     
  • 道指

    37,958.09
    +182.71 (+0.48%)
     
  • 標普 500

    4,998.37
    -12.75 (-0.25%)
     
  • 納指

    15,446.18
    -155.32 (-1.00%)
     
  • 日圓

    0.0505
    +0.0001 (+0.12%)
     
  • 歐元

    8.3606
    +0.0262 (+0.31%)
     
  • 英鎊

    9.7520
    +0.0130 (+0.13%)
     
  • 紐約期油

    82.88
    +0.15 (+0.18%)
     
  • 金價

    2,403.50
    +5.50 (+0.23%)
     
  • Bitcoin

    64,008.54
    +226.33 (+0.35%)
     
  • CMC Crypto 200

    1,376.68
    +64.06 (+5.14%)
     

Surge Secrets: The Real Reason These 3 Cryptos Are Climbing

The crypto sector has had several catalysts play out this year, with mixed results and several cryptos to watch. The recent approval of 11 spot Bitcoin (BTC-USD) ETFs by the Securities and Exchange Commission (SEC) initially resulted in a surge in crypto prices. However, a sell-the-news decline sent most tokens lower in recent weeks. Moving forward, all eyes are on an upcoming Bitcoin halving in April and several updates from other key cryptos we’ll get to shortly.

Each of the three cryptos below has a unique catalyst investors are watching closely. I think these tokens have real long-term value and could certainly go on a run if the sector sees strong momentum again. There’s always the potential for another interest rate cut-fueled rally later this year.

With that said, let’s look at these three top cryptos.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Ethereum (ETH-USD)

Etereum coin is in pocket. Ethereum is a decentralized, open-source blockchain with smart contract functionality. ETH crypto
Etereum coin is in pocket. Ethereum is a decentralized, open-source blockchain with smart contract functionality. ETH crypto

Source: Thaninee Chuensomchit / Shutterstock.com

廣告

The world’s second-largest cryptocurrency, Ethereum (ETH-USD), doesn’t require an introduction. The backbone of the DeFi sector, Ethereum is commonly associated with its smart contract platform, being the first major player in utility generation in the crypto space.

For optimistic investors, a potential SEC-approved Ethereum spot ETF could attract more institutional interest to this token. While uncertainty remains around whether such an ETF will ultimately get approved, I think such news would likely have an outsized impact on Ethereum relative to Bitcoin.

That’s because Ethereum provides users with real-world value and has a much more robust ecosystem of decentralized applications. With the network now operating under a proof-of-stake consensus, there’s also the option of earning yield by staking Ethereum tokens. Thus, the range of ETF offerings could be more vast and intriguing than those provided for Bitcoin.

This is the under-the-radar catalyst investors should focus on regarding Ethereum.

Solana (SOL-USD)

Solana Coin (SOL-USD) in front of the Solana logo. Solana price predictions.
Solana Coin (SOL-USD) in front of the Solana logo. Solana price predictions.

Source: Rcc_Btn / Shutterstock.com

Solana (SOL-USD) excels in the world of layer one networks—Solana’s speedy transactions position the blockchain well as key competitors to Ethereum in the burgeoning DeFi sector. With more than $1.57 billion in total value locked, Solana is the primary blockchain investors are focused on when it comes to the world of non-fungible tokens (NFTs).

I think a resurgence of growth for NFTs could be a hidden catalyst that Solana investors aren’t focusing on. Solana’s recent NFT boom facilitated $2.1 billion in stablecoin transfers, generating $591,416 in fees and $850 million in trading volume. That’s something to write home about. Accordingly, analysts foresee continued growth on the horizon, with the token hitting as much as $150 apiece if this rally continues.

I have to admit another NFT surge does seem unlikely, and I have yet to see many widespread and viable use cases for these tokens. However, value is in the eye of the beholder, and if we do see an NFT renaissance, Solana ought to be a go-to token to consider.

Aptos (APT-USD)

3D render of Aptos tokens. Editorial illustration.
3D render of Aptos tokens. Editorial illustration.

Source: Thomas Neveu / Shutterstock.com

Aptos (APT-USD) has seen some rather impressive upward surges in recent months. Indeed, after settling below $5 per token late last year, Aptos now trades closer to the $9 range. That’s the kind of growth investors are after.

Aptos’ collaborations with various blockchain networks and prominent crypto figures position it as a promising asset. In early January, Aptos surged as OKX endorsed its NFT inscriptions. This move affirmed Aptos as a leading blockchain for NFTs, leveraging its unique Move programming language. If more partnerships and listings are announced, Aptos could be an under-the-radar token with the potential to move much higher.

Of course, betting on future catalysts that are uncertain is, in itself, a risky strategy. But Aptos’ network growth and its surge into a top-30 spot by market capitalization seems to validate the market’s view that this project has underlying value.

On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Chris MacDonald’s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.

More From InvestorPlace

The post Surge Secrets: The Real Reason These 3 Cryptos Are Climbing appeared first on InvestorPlace.