Cryptocurrency prices surged ahead of President Trump’s inauguration this week, with some coins rising by up to 43% since last Friday. XRP jumped the most, followed closely by Hedera and Stellar. The increased trading volume on these coins has raised hopes for a friendlier regulatory environment in the coming years.
XRP, which was one of the SEC’s first targets, has become a cult cryptocurrency after successfully fighting off legal battles. Its recent surge is largely attributed to speculation about potential exchange-traded fund (ETF) listings and partnerships with major companies like World Gemological Institute and Vaultik.
Hedera’s utility play has also contributed to its increased value, as investors anticipate the launch of an ETF and explore use cases such as tokenizing diamonds and other goods on the blockchain. Stellar’s correlation with XRP has played a significant role in its gains, making it a cheaper alternative for some investors.
However, experts caution against buying into the recent surge, warning that new regulations may impact cryptocurrency values. Instead, they predict a focus on stablecoins, non-fungible tokens, and potential innovations on the blockchain.
As for investment decisions, The Motley Fool’s Stock Advisor team has identified 10 best stocks for investors to buy now, but Stellar is not among them. Consider the performance of other stocks, such as Nvidia, which returned $818,587 with a single investment in 2005.
Source: https://finance.yahoo.com/news/why-xrp-hedera-stellar-led-210825193.html