As Bitcoin (BTC) struggles amid geopolitical tensions in the Middle East, altcoins are facing even steeper declines. Last week, Ethereum (ETH) and other popular altcoins saw losses between 10-15%. However, Santiment has highlighted three altcoins—XRP, Aptos (APT), and Chainlink (LINK)—that are showing signs of life amid fundamental developments and institutional interest.
XRP, Aptos, and Chainlink Take the Spotlight
According to Santiment, as the market attempts to recover, XRP, APT, and LINK have experienced the most significant increase in social media discussions. The growing interest in these altcoins suggests they are worth watching closely for the next potential rally.
“Some familiar names are drawing attention in the crypto world, recovering with new and interesting developments,” says Santiment. Here’s a breakdown of the top three altcoins generating buzz:
1. XRP
Traders are excited about Bitwise’s filing related to XRP. Additionally, the ongoing discussions surrounding the SEC’s appeal of a ruling that classified XRP as a non-security have reignited debates about Ripple’s operations. This combination of regulatory updates and institutional involvement has brought XRP back into the spotlight.
2. Aptos (APT)
Aptos is making moves in the blockchain world, particularly with its acquisition of HashPalette Inc., aimed at strengthening its position in the Japanese blockchain market. Furthermore, Franklin Templeton’s decision to launch its OnChain U.S. Government Money Fund on the Aptos blockchain underscores the rising institutional interest in this project.
3. Chainlink (LINK)
Chainlink is gaining attention thanks to its collaboration with SWIFT on blockchain technology and interoperability. The success of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which connects various blockchain networks for financial institutions, highlights its pivotal role in the future of blockchain innovation.
🗣️ The top trending tokens in crypto have some familiar names as altcoins rebound with new & interesting developments brewing…
🥇 1) XRP $XRP: Traders are excited over the ETP Bitwise filing. Also, major talks surrounding the SEC’s appeal against a ruling that classified XRP… pic.twitter.com/GfqGL3RBtc
— Santiment (@santimentfeed) October 4, 2024
What’s Next for These Altcoins?
Santiment’s analysis suggests that XRP, Aptos, and Chainlink are well-positioned for future gains, making them altcoins to watch in the coming months. As the market navigates uncertainty, these projects are drawing attention from investors and institutions alike, setting the stage for potential growth.
