The cryptocurrency market may be on the brink of significant changes as approval for an XRP ETF is anticipated. Analysts believe that this event could pave the way for other altcoins.
Altcoins' ETF Potential
Approval for an XRP ETF is expected to initiate a wave of similar decisions for other altcoins, particularly those meeting the SEC's criteria. This could lead to significant movements for tokens like Solana, Cardano, and Dogecoin.
Solana and Cardano as ETF Candidates
Experts like Eric Balchunas and Bill Morgan have pointed to Solana (SOL) and Cardano (ADA) as the most likely assets to follow XRP's path. Both tokens are already trading on U.S. regulated futures markets and have built credibility with the SEC through sustained trading volumes for over six months.
Dogecoin and Its ETF Opportunities
Originally a meme, Dogecoin (DOGE) is now being considered seriously for an ETF. Its participation in U.S. futures markets and widespread popularity among investors is establishing a solid foundation for possible ETF approval.
Thus, if XRP receives ETF approval, it could mark the beginning of a new chapter for Solana, Cardano, and Dogecoin. Each of these tokens meets the SEC's key criteria and has strong foundations for future growth.
