Pepe (PEPE), Solana (SOL), Polygon (POL), Ripple (XRP), and Rollblock (RBLK): Altcoins To Watch As The Cycle Progresses

Donald Trump’s victory in the US presidential elections has sent the entire market into overdrive, with massive surges happening across the board and Bitcoin skyrocketing above $90K

The victory of Donald Trump in the US presidential elections has had a profound impact on the cryptocurrency market, leading to substantial surges across the board. Bitcoin has soared to new heights, while altcoins are also experiencing significant gains.

In this article, we will highlight several promising altcoins from different niches that are poised to continue performing well as the cycle progresses. From meme coins to Layer 2 solutions and GameFi projects, these tokens offer a diverse range of opportunities for investors.

Pepe Continues To Dominate Meme Coin Landscape

Pepe (PEPE) has taken the market by storm since its launch in H1 2023. By effortlessly combining over 20 years of meme culture with the crypto domain, Pepe has swiftly ascended to become the third-largest meme coin by valuation, briefly reaching a peak of $10 billion in market cap. At the time of writing, PEPE is valued at $0.000019 and has experienced a 6.5% decrease in intraday value.

This level appears to be a solid local bottom for Pepe, having been tested multiple times without giving in. Most experts agree that Pepe is likely to reach a new all-time high soon, but crypto analyst Bluntz has provided a detailed explanation for his bullish thesis on Pepe.

His analysis coincides with the bullish pennant formation on the Pepe chart, which once completed, could propel the meme coin to new heights.

Solana Retraces As Bulls Refuel For Next Leg Up

Solana has been at the center of attention, recently becoming the 4th largest cryptocurrency and vastly outperforming its long-standing rival BNB.

At $246, Solana (SOL) came extremely close to its 2021 all-time high of $260, as selling pressure intensified, forcing a pullback, Solana has now settled at $233 with a 3.3% daily drop.

One of the main drivers of Solana’s recent growth is its viral meme coin factory that sent the market into a frenzy. This led to impressive revenue numbers for Solana, which in turn translated into explosive bullish action. In terms of raw numbers, DeFi Llama shows that, in the last 24 hours, Solana has generated a record $11.2 million in fees.

Ripple Adoption Continues To Grow With Launch Of Stablecoin

Ripple is once again making headlines with a 100% monthly surge that saw its price break above $1 for the first time since 2021.

One of Ripple’s biggest struggles has been the draconian regulatory climate, which saw Ripple Labs engage in a multi-year legal battle with the SEC, that significantly tanked investor sentiment. The tune soon changed with Donald Trump becoming the 47th president of the United States. The President-elect has been a vocal supporter of digital assets and time and time again he affirmed that he will encourage crypto development and adoption.

Speaking of adoption, not only Ripple has recently announced the launch of its proprietary stablecoin RLUSD but is also exploring the possibility of launching a Dirham-backed stablecoin with the blessing of the United Arab Emirates. This means that Ripple could soon become a major player in the stablecoin space, which is projected to grow to $3 trillion in the upcoming years as demand skyrockets. Right now, Ripple is selling for $1.08 after a moderate 1.3% decline over the last 24 hours.

Polygon Holders Pay Close Attention As Breakout Occurs

Polygon (POL) took the backseat over the past few months with its price action failing to reflect the general euphoria. Being an Ethereum-based Layer 2 blockchain, Polygon’s performance is closely tied to that of Ethereum, which has been lagging in terms of performance, especially when compared to other Layer 1s.

Recently, Polygon introduced a new utility token, POL to gradually replace the MATIC token in the upcoming years. This rebrand attempt has been received with mixed signals by the market, despite the increased functionality of the new token, such as improved interoperability and more decentralized governance.

However, amid the favorable market conditions, Polygon succeeded in breaking out of its range with a 16% monthly surge and is now consolidating around $0.43. This show of strength could be a sign of what’s to come for Polygon, especially with Ethereum expected to make a move soon.

Rollblock Is Turning Heads With Unique Rev-Share Mechanism