5 Altcoins to Buy Now as Tron's Justin Sun Says He Doesn't Plan on Selling His Ethereum (ETH)
The post 5 Altcoins to Buy Now as Tron's Justin Sun Says He Doesn't Plan on Selling His Ethereum (ETH) appeared on BitcoinEthereumNews.com.
As Tron founder Justin Sun reaffirms his commitment to holding Ethereum (ETH), attention shifts to altcoins poised for growth. Sun’s stance signals confidence in ETH’s long-term value, sparking interest in projects aligning with blockchain’s evolving utility. Alongside ETH, Tron (TRX), Dogecoin (DOGE), XRP, and Rexas Finance (RXS) emerge as assets worth watching. Among these, RXS stands out, merging real-world asset tokenization with blockchain innovation—a sector projected to hit $16 trillion by 2030. Ethereum (ETH): Holding Steady Amid Market Shifts Ethereum remains a cornerstone of decentralized applications despite recent underperformance. While ETH trails competitors like Solana in short-term gains, its ecosystem thrives with stable transaction volumes across DeFi platforms, decentralized exchanges, and staking protocols. Analysts highlight a potential bullish breakout if ETH surpasses the $1,900 resistance level. The upcoming Pectra upgrade, focusing on scalability, could further solidify Ethereum’s position. However, market volatility persists, with macroeconomic factors posing risks. Tron (TRX): Targeting Scalability and Adoption Tron’s focus on high-speed, low-cost transactions keeps it relevant in DeFi and stablecoin transfers. Priced at $0.25, TRX has yet to reclaim its 2024 peak of $0.44, but analysts project a climb toward $0.75 by 2025. Innovations like gas-free transactions and cross-chain compatibility bolster its appeal. Long-term forecasts suggest a $3.55 target by 2030, contingent on mainstream blockchain adoption. Yet, competition from Ethereum and regulatory hurdles temper optimism. Dogecoin (DOGE): Balancing Hype and Volatility Dogecoin’s recent 2% weekly drop to $0.1552 reflects its reliance on market sentiment. Analysts debate whether a 40% dip to $0.09 could precede a 400% rally, mirroring 2024 patterns. While large holders accumulate DOGE, its meme-driven nature contrasts sharply with RXS’s asset-backed model. Short-term traders dominate DOGE’s activity, increasing volatility. XRP: Technical Hopes Meet On-Chain Challenges XRP’s inverted head-and-shoulders pattern hints at recovery, with $11 million moved to private wallets signaling investor confidence. Yet,…
