In recent weeks, altcoins such as NEAR Protocol, Hedera, and Stellar have been catching analysts' attention due to their growth and new opportunities in the market.
NEAR Protocol: Growing Market Activity
NEAR Protocol has recently been trading around $2.52, showing renewed activity from both retail and institutional investors. Since August 13, NEAR has attracted $7.6 million, and trading volume has more than doubled during this period. The price reached $2.94 before cooling, highlighting a shift in market sentiment.
A key factor has been the rise in user activity, with weekly active users jumping 18.4% to 16 million, which is linked to improved developer tools and cross-chain integrations with platforms like Aurora Labs and Everclear.
Hedera: Expansion in Tokenized Finance
Hedera is gaining attention for its role in tokenized finance, particularly through a recent partnership with Swarm. This collaboration enables instant settlements of tokenized stocks like Apple and Tesla directly on Hedera, compared to the traditional two-day settlement period. The network offers institutions a way to trade assets on-chain with real-time efficiency.
Speculation around an HBAR ETF has also fueled interest, especially with Nasdaq filing for a spot ETF backed by Canary Capital.
Stellar: Adoption of Real-World Assets
Stellar is at the center of institutional blockchain adoption, with the Stellar Development Foundation recently investing in Archax, a UK-regulated platform, to integrate Stellar’s blockchain into its tokenization infrastructure. This comes on the back of WisdomTree’s $99 billion fund deployment on Stellar earlier this year.
With insights into growth and new opportunities, it can be concluded that NEAR, Hedera, and Stellar are in the spotlight and preparing for the next cycles in the world of altcoins, offering traders numerous investment opportunities.
