2025-02-10 11:26:00 by Voice of Crypto

Author:Published on: 10 Feb 2025, 11:26 amKey Insights:Crypto markets witness strong consolidation after a major correction.Ethereum, XRP, Solana, TRX, and Chainlink have the highest potential among those recovering.Ethereum could come from its undervaluation based on the ETH/BTC historical ratio.XRP could see major inflows after its ETF approval and also has a strong potential to enter the US National Digital Assets Stockpile.Solana greatly benefits from an increased launch of memecoins.Tron has just overcome Ethereum in terms of monthly fees earned.Chainlink sees high gains from its new RWA and cross-chain business, along with a dominance in the oracle space.Why Are We Expecting a Surge in the Markets?Crypto markets are currently consolidating after a decent correction. Despite shakeups, most cryptocurrencies are back on their bullish journey. Crypto Market Cap Trends in the Last 30 DaysCoinMarketCapA few crypto projects with long-term utility remain the safest bets. These cryptocurrencies also have the highest growth potential when the markets resume their bullish journeys.Creating a crypto reserve in the USA, approving altcoin ETFs, and reporting on crypto regulations by the White House AI and Crypto Czar David Sachs are expected to provide solid triggers for these cryptocurrencies.Further, the cryptocurrencies mentioned below have depicted a sharp uptrend in their 1H charts.1. Ethereum (ETH)Ethereum has the highest likelihood of yielding a triple-digit return in 2025 for several reasons.Ethereum USDT Charts Indicating Strong Upwards TrendTradingviewFirst, it is widely accepted to be highly undervalued. Top experts keep its fair value between $6,000 and $15,000 in the current markets. Chart expert Ali Martinez expects a $6,000 target by mid-2025. Based on his Triple Asset theory, Bankless co-founder Ryan Adams sees a target of $10,000. Another ETH/BTC chart points towards a target of $15,000.At present, Ethereum has been unable to cross $3000 but is above its bull market base level of $2100.In the coming few weeks, we could see an increased bullishness in Ethereum as whales continue to buy it from the open markets.2. Ripple (XRP)If the US National Digital Assets Stockpile includes more than Bitcoin, XRP would be the largest gainer. Ripple Chief Executive Officer Brad Garlinghouse has disclosed to be in active communication with the US government to make a multi-crypto reserve.Bullish Double Bottom in XRP ChartsTradingviewAdditionally, XRP benefits from Ripple's increased dependence on the XRP Ledger, which is currently being used to issue RLUSD, asset tokenization (RWA), ODL markets, and settle cross-border payments. Different issuers also awaits XRP ETF approvals.Finally, XRP's strong price momentum helped it prevent a major fall in the recent market corrections. If the price moves above $3 in the near future, we expect a move to $7 by the end of Q1 2025.3. Solana (SOL)Solana is the top choice for all memecoin issuers. After the $TRUMP's success in January, memecoins were issued on Pump.Fun skyrocketed. This situation has caused oversaturation in the memecoin markets but has skyrocketed Solana's fee revenue.Solana has also made decent strives in the DeFi space. At present, Solana's TVL is around $9.79 billion.The minimum expected target for SOL in 2025 is $520 (predicted by VanEck), while the maximum predicted target is $4000.Sharp Uptrend Channel in Solana ChartsTradingview4. Tron (TRX)Tron was the second highest-grossing blockchain in 2024, with $2.1 billion in blockchain fees after Ethereum's $2.48 billion. For December 2024, it was the largest blockchain by fee revenue, earning $342 million as compared to Ethereum's $218 million.Tron also boasts the second-largest on-chain stablecoin volume at $62 billion. Based on all these, we expect Tron to surge to $50 levels by Q1 from the current price of $21.Sharp Upside Trend in TRX PriceTradingviewLately, TRX has seen a sharp upward trend in its 1H charts.5. Chainlink (LINK)Chainlink benefits from its diverse businesses, which can give it consistent user activity irrespective of market conditions. It has recently made inroads into the RWA sector with 21X. This entry into the European RWA space is a great win, as the EU markets are very tough to crack due to stringent regulations.Further, Chainlink also provides cross-chain functionality connecting over 21 blockchains. Besides, Chainlink is the most dominant player in Oracle's service. Oracles are critical for a functioning blockchain as they deliver genuine and high-quality data to smart contracts. Without these data, the functionality of dapps and smart contracts would be severely limited.Sharp Uptrend in TRX ChartsTradingviewLately, Chainlink has seen a sharp upward trend in its 1H charts.Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.