XRP, Aptos, and Chainlink Surge Amid SEC Appeal and Institutional Growth
- XRP gains momentum as Bitwises ETP filing sparks trader excitement amid ongoing SEC legal battles.
- Aptos expands into Japan with the HashPalette acquisition, boosting its presence in the growing blockchain market.
- Franklin Templetons OnChain U.S. Government Money Fund launch on Aptos signals rising institutional interest.
The altcoin market is reviving due to the increased activity of major tokens XRP, Aptos (APT), and Chainlink (LINK) due to the recent strategic advancements. Analytical platform Santiment pointed out these tokens in the recent X post and pointed out that such tokens are benefiting from increased momentum and institutional investment.
Ripple has gained a lot of attention by traders as seen in the recent Bitwises ETP filing that may present new investment avenues. Unfortunately, the majority of the conversation regarding XRP is focused on the legal proceedings with the SEC.
SEC Appeal And XRPs Future
SEC has filed an appeal against the decision that fell in favor of Ripple and designated XRP as non-securities. The result of this appeal is of particular importance for XRP holders and is therefore important for the audience interested in this topic. This is because the decision that is to be made at the meeting could have a huge bearing on the future prices of XRP and therefore, investors are keenly watching the proceedings.
The project leading the pack at the moment is Aptos (APT) for its rapid move to penetrate the Japanese market. Recently, Aptos Labs bought out HashPalette Inc. as a strategic decision to expand its base in Asia since Asia is open to blockchain technology.
Further propelling the upward trend, Franklin Templetons introduction of the OnChain U.S. Government Money Fund on the Aptos blockchain has given a new impetus to the green light of the token. This institutional participation strengthens Aptos position in the Decentralized Finance (DeFi) and its capacity to entice conventional finance organizations.
LINK Boosts With SWIFT Partnership
SWIFTs collaboration with blockchain technology is also helping Chainlink (LINK) gain momentum. Chainlink has recently completed trials of its Cross-Chain Interoperability Protocol (CCIP), proving the possibility of integrating different blockchains.
This is particularly significant for financial institutions who are seeking ways to incorporate blockchain applications with other software that they have adopted. Interest in Chainlink and its tech solutions is only increasing, and the project is becoming an indispensable part of the development of blockchain solutions in various fields.
As these altcoins are currently on the rise, the market experts expect more growth from these coins in the future. As legal verdicts remain uncertain for XRP, strategic growth for Aptos and Chainlink, these tokens are ready to take more market share. With institutional buying picking up and new projects coming into the fore, XRP, Aptos, and Chainlink could have more upside in the coming months and are tokens to watch.
Read more: https://www.tronweekly.com/xrp-aptos-and-chainlink-surge-amid-sec-appeal/
Text source: TronWeekly
