According to a recent report, top cryptos like XRP and ADA are currently trading at significant discounts during the ongoing bull cycle.
XRP ( one of the 10 top altcoins) has experienced a 15% decline year-to-date (YTD), currently valued at $0.51, while ADA is down 21.52% at $0.46. In contrast, Bitcoin and Ethereum have maintained YTD gains of 48.9% and 36%, respectively.
Market analytics firm Santiment believes these altcoins are presenting a favorable buying opportunity ahead of the anticipated bull rally. The crypto bull market began in late 2023, with Bitcoin surpassing its previous all-time high, but certain digital assets have yet to fully benefit from the market’s positive momentum.
Other cryptocurrencies, such as ICP, AVAX, APT, XLM, and FIL, are also trading in the red but are seen as potential investment opportunities leading up to the expected bull market.
Source: Coin Edition
