As Bullish Momentum Picks Up, Top Analysts Are Spotlighting Four Standout Assets

By riding legal wins and institutional demand, XRP has captured many headlines. After easing from the April dip to $115, Solana is making a comeback.

The crypto market is showing signs of increasing bullish momentum, and as such, some top analysts are highlighting four standout assets that they believe could spearhead the next major altcoin rally.

These coins are quickly becoming must-watch plays for traders and investors.

With several legal wins and surging interest in Ripple (CRYPTO: XRP), the XRP token has been making headlines.

After the SEC lost its case against Ripple in a landmark ruling, and with reports of increasing institutional demand for XRP, the token has seen a significant price increase.

According to Santiment, XRP whale accumulation has reached extreme levels.

According to the chart shared by Santiment on X, previously known as Twitter, large whale holders, defined as those holding 100,000 to 0.1% of the token’s total supply, now control over 12% of the cryptocurrency’s circulating supply.

This level of accumulation is considered "extreme," and it is a strong indicator of bullish market sentiment.

Analysts are placing price targets of $3, $4.85, and perhaps $6.22 on XRP.

"XRP’s future is looking good. Although it is a little volatile in the short term, it may likely reach Ethereum’s market cap if it runs at the current pace for a couple of weeks."

Kaspa (CRYPTO: KAS) is one of the fastest-growing proof-of-work networks in the market. The coin is known for its BlockDAG technology, which enables high throughput and low latency. It is also one of the most energy-efficient blockchains.

The KAS price forecast shows strong support around $0.55, and there is resistance near $0.083. Thus, the price is likely to push towards $0.11 later in the year. For Q3 and Q4 monthly prediction remains positive, the high volume of trading is consistent and also a growing developer ecosystem.

Solana (CRYPTO: SOL) is heating up again. The coin is currently down from its April lows of $115.

Solana price is indicating that buyers are in control as it trades at $169.43. The technical indicators are suggesting that buyers are in control. It has an RSI of 73.70, MACD crossover is bullish, and the price action is above the 100-day and 200-day EMAs.

Industry experts are targeting a price range of $180-$200 in the short term and can rise to $350-$370 in the long term, should momentum and ecosystem growth continue.

As the crypto market prepares for its next wave, four coins stand out as key contenders to lead the charge:

* XRP is reaping the benefits of Ripple’s legal win against the SEC, and with reports of increasing institutional interest, XRP trading above $2.21 sees whale accumulation reaching extreme levels. According to data from Santiment, large whale holders, those holding 100,000 to 0.1% of the token’s total supply, are now accumulating at an 'Extreme' level.

* Kaspa (CRYPTO: KAS) is one of the fastest-growing PoW networks. The coin is recognized for its BlockDAG technology, which delivers high throughput and low latency. It is also one of the most energy-efficient blockchains.

* Solana (CRYPTO: SOL) is heating up again. The coin is currently down from its April lows of $115.

Solana price is indicating that buyers are in control as it trades at $169.43. The technical indicators are suggesting that buyers are in control. It has an RSI of 73.70, MACD crossover is bullish, and the price action is above the 100-day and 200-day EMAs. Experts in the industry are targeting a price range of $180-$200 in the short term and can rise to $350-$370 in the long term, should momentum and ecosystem growth continue.

* MAGACOIN FINANCE (CRYPTO: MAGA) is a new coin that has quickly gained a following for its unique tokenomics and community-driven approach. MAGACOIN FINANCE is quickly becoming a breakout contender in 2024.

Together, these coins represent the perfect mix of established strength and emerging opportunity — making them top picks for the next altcoin cycle.