Legacy Cryptos’ Resurgence: XRP, XLM, HBAR, XDC Driven by Tech Upgrades and Regulatory Clarity
Older altcoins known as ’dino coins’, including XRP, XLM, HBAR, and XDC, are experiencing renewed interest and significant rallies. These cryptocurrencies, established early in blockchain history, are gaining traction due to anticipated regulatory clarity, particularly in the U.S., and advancements in compatibility with global standards like ISO 20022. This resurgence is driven by their perceived resilience, ongoing technological upgrades, and a shift in market focus towards utility and practicality over speculation. Factors such as Ripple’s potential favorable settlement with the SEC and retail trading activities, especially in markets like South Korea, further support this trend. However, there are risks, including technological obsolescence and ongoing regulatory challenges. Overall, this reflects a maturing crypto market with increased confidence in enduring projects.
Bullish
The resurgence of legacy cryptocurrencies like XRP, XLM, HBAR, and XDC indicates a strengthened bullish sentiment in the crypto market. This sentiment is anchored in the expectation of regulatory clarity, notably in light of potential changes in the U.S. regulatory landscape that favor established altcoins. The focus on technological upgrades and adherence to standards like ISO 20022 suggest a more stable investment environment. Despite risks such as potential regulatory hurdles, the market shows signs of prioritizing utility-driven projects over speculative ones, aligning with mature market dynamics that often lead to sustainable growth.