Analyst Sees Altcoin Season Ahead After SEC Approves XRP and DOGE ETFs
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
Bitcoin has remained steady at $97,000 over the past 24 hours, showing little movement while altcoins experience volatility.
The SEC’s approval of 19b-4 applications for Grayscale’s XRP and Dogecoin ETFs has sparked price increases, with XRP surging 12% and DOGE climbing 5%.
Analyst Valentin Fournier from BRN told CoinDesk that Bitcoin and altcoins are gaining bullish momentum, driven by regulatory developments and improving market conditions.
He highlighted that the SEC is now reviewing altcoin ETFs beyond XRP and DOGE, including Solana and Litecoin. If these products receive final approval, institutional access to altcoins could expand significantly, bringing more liquidity into the market. Fournier suggested that this could lay the groundwork for a potential altcoin rally later this year.
He also addressed the latest U.S. CPI and PPI data, which exceeded expectations, yet Bitcoin remained stable. According to him, BTC’s resilience in the face of inflation and clearer regulatory direction signals the possibility of a strong breakout in the coming weeks.
He maintains a bullish stance, advising investors to keep substantial exposure to digital assets, balancing Bitcoin and Ethereum by market cap.
Commentaries 
Fill in necessary fields and publish