A quiet Sunday and BTC Altcoins continue to stagnate as they linger around $96,500. Ethereum (ETH)
$3,216.28 At $3,200, LINK Coin finds buyers at $14.47, with a slight increase compared to others. After having a difficult week, cryptocurrencies will show volatility again with the data and announcement to come in the new week. So which will be the third best cryptocurrency in the long run?
SOL and XRP Coin
Bitcoin
$96,065.54 and Ethereum cryptocurrency The assets most preferred by investors. In fact, it makes up almost the entire portfolio of many professionals. Over the years, investors who were sufficiently confident that both would survive in the long run decided that it made sense to look at other altcoins and allocate more capital to them. This is especially common among professional investors.
For this very reason, BlackRock is not applying for an ETF for any altcoin other than Ether. Moreover, while there is great competition among other asset management companies, they prefer to stay back. Their reasons are very clear: “We do not see any interest from our customers in any altcoin other than ETH.” They answered many times.
According to Anthony Bassili, president of Coinbase Asset Management, there is a strong race to become the third-largest cryptocurrency behind BTC and ETH. Solana (LEFT) And Ripple (XRP)
$2.26 continues this race.
“The market is very uncertain about what the next (third) asset they want to own after this (BTC and ETH) will be.”
Bassili is among those who think Solana may be luckier at this point.
Future of XRP Coin
According to CoinShares data, the cryptocurrencies that attracted the most investment from institutional and professional investors through ETFs and ETPs this year were BTC, ETH, SOL, XRP Coin. Inflows to other altcoins on the list are quite weak compared to these. If you are talking about the third largest, most attractive altcoin, looking at the entries, we can say that it will be Solana.
XRP Coin It could be the fourth. However, according to Anthony Bassili, there are some things that need to be solved for this. Diffusion of the XRP Ledger in accordance with the product market, increased network speed and integration of the liquidity ecosystem are essential. RLUSD has just surpassed $1 billion in supply since launch, and much more is needed.

On the other hand, we have just seen some important steps after the case was concluded, such as the acquisition of the custody institution Hidden Road and its transformation into Ripple Prime, the issuance of stablecoins, the purchase of broker-dealers, and treasury company investment for corporates. It seems as if the company has prepared the money for the billion-dollar penalty imposed by the SEC and is spending it on investments this year.
“So they’re taking all the right steps. The question is, does the market think they’re ready to be the next best fourth asset?”
“You’re going to see the market not really pricing assets well because it’s actually starting to become more realistic.” – Bassili

