Top 3 Altcoins to Watch Right Now: BTC, ETH, and XRP

• Bitcoin: Leading store of value with institutional adoption and $2.17 trillion market cap.
• Ethereum: Smart contract leader driving DeFi, NFTs, and enterprise adoption with staking model.
• Ripple: Bridge currency for cross-border payments with growing banking and regulatory support.

Investors are keeping a close eye on Bitcoin, Ethereum, and Ripple, three assets that still define the market. Each of them has shown real value through solid adoption, development activity, and consistency across cycles. Bitcoin still remains a by-dominant value proposition, Ethereum continues to cement a legacy of decentralized application growth, and Ripple has a few strong payment use cases. All three have significant investor confidence, which creates an important tenor for more widespread digital economy adoption.

Bitcoin (BTC)

At press time, Bitcoin — BTC , was trading at $108,983.81, up 0.37% over the last 24 hours. Bitcoin, as the first cryptocurrency, is the underlying foundation of the digital asset ecosystem. With a $2.17 trillion market cap, Bitcoin is globally accepted as an inflation hedge and a trusted store of value.Institutions are betting on Bitcoin as a sound investment (exchange-traded funds, adding it to treasuries, etc.), signaling confidence in Bitcoin’s long-term value. Bitcoin has increased in value due to the increased global demand, which is supportive of further appreciation, and is a core holding for investors wanting both security and appreciation.

Ethereum (ETH)

Ethereum’s ETH is currently traded at $4466.16, which translates to a 1.7% price increase over the past 24 hours. Ethereum is still the leading smart contract platform with a huge ecosystem of dApps. Developers at Ethereum are still focused on improvement where scalability is concerned and upgrade efficiency to accommodate their usage increases. The staking model is working well, as lower supply due to staking will keep the supply lower while the use of locked tokens will ensure the security of the blockchain. Ethereum continues to spur growth in fintech/NFTs and enterprise adoption.

Ripple (XRP)

Ripple’s XRP is priced at $2.83 and continues to be a consistent global settlement tool. XRP acts as a bridge currency, which lowers transaction times and costs to send cross-border payments. This is becoming increasingly appealing to banks and remittance providers that want a better solution to sending payments. XRP is also attractive as regulatory clarity has emerged in the United States, providing institutions with the comfort needed to start using the asset. XRP is becoming increasingly relevant, especially as the payments industry continues to move into more efficient systems. The adoption of XRP seems to grow even further, and Ripple has a chance to remain relevant.

Bitcoin, Ethereum, and Ripple are still important assets in the cryptocurrency space today. Bitcoin continues to serve its role as the digital gold standard with growing institutional interest and increasing demand. Ethereum is also continuing to innovate with decentralized applications, staking, and corporate utility. Ripple is also providing faster cross-border settlement solutions, and making things cheaper for banks and payment providers.