As Easter holidays are near, the cryptocurrency market is active, allowing investors to research altcoins that could witness some big movements. While large cryptocurrencies tend to calm down during these times, some altcoins tend to gain popularity because of retail buying and speculative selling. Some of these altcoins are discussed below during this holiday season.
XRP (Ripple): Expecting a Breakout
XRP, the native cryptocurrency of the XRP Ledger, is trading at $2.08 with a market capitalization of $121.82 billion. It has seen a small rise of around 1.43% over the last week. Technical indicators place it in a neutral position with room for growth, as the Relative Strength Index (RSI) is around 47.10. Experts forecast that the price of XRP during the Easter break could be between $2.92 and $4.22. This hope is driven by past trends suggesting April bullish activity and the planned rollout of XRP Futures ETFs on April 30.
Solana (SOL): Institutional Attention
Solana’s native cryptocurrency, SOL, is trading at $139.60 with a market cap of $72.08 billion, which is a 12.21% price surge over the previous week. Technical indicators are indicative of a bullish trend, as the RSI stands at 59.16 and the Average Directional Index (ADX) is 25.50, indicating increasing momentum. Analysts predict that SOL’s price might move between $140 and $160 around the Easter season. This is reinforced by heightened institutional interest, such as the filing of a Solana ETF, and a dramatic increase in on-chain activity, with Solana beating Ethereum for total gas fees received.
Hyperliquid (HYPE): New Layer-One Player
Hyperliquid’s native cryptocurrency, HYPE, has a price of $18.01 with a market cap of $6.05 billion, which is a 15% growth over the last week. The technical indicators indicate a bull trend, with the RSI at 70 and the ADX increasing from 15 to 19. The HYPE token price over Easter will be in the range of $25 to $30, while in the long term, it will be at $60 in a month. This optimism is driven by technology, like the release of HyperEVM, and growing activity on the Hyperliquid decentralized exchange (DEX).
Shiba Inu (SHIB): Memecoin with DeFi Ambitions
Shiba Inu is a memecoin with a dog theme currently worth $0.00001217 with a market cap of $7.17 billion, and has seen a slight 1.43% boost in the past 24 hours. As modest as it may be, the price rise is particularly significant considering recent market volatility. Technicals reveal a positive attitude, with RSI indicating that there is rising activity. Shiba Inu’s ecosystem has spread far beyond its memecoin roots, including decentralized finance (DeFi) use cases, non-fungible tokens (NFTs), and even its decentralized exchange, ShibaSwap. These additions increase SHIB’s utility and potential for growth.
TRUMP Token: Political Influence in Crypto
The TRUMP token, the one with political orientations, has attracted interest because of its distinctive positioning. As much as precise price information is in short supply, the performance of the token is affected by political events and affiliations. Politically oriented investors interested in theme cryptos may find the TRUMP token interesting at this time.
These altcoins offer different prospects to investors during the Easter holidays. As always, diligent research and looking at the market trends are needed when investigating investments in cryptocurrency.
Also read: Why Shiba Inu is Unlikely to Hit $1 but Still Holds Growth Potential
