Altcoin Rally Ahead: Five Cryptos Poised to Outperform Ethereum and XRP
The current macroeconomic conditions are setting up an altcoin trade that could outperform Ethereum (ETH) and XRP in Q4, according to a widely-followed cryptocurrency influencer.
This comes as Pantera Capital's Dan Morehead noted that the US Treasury is printing roughly $2 trillion in excess annually, making hard assets and crypto the logical beneficiaries of this trend.
The five altcoins with more near-term upside potential are Hyperliquid (HYPE), Chainlink (LINK), Bittensor (TAO), Uniswap (UNI), and Solana (SOL).
Hyperliquid has gained significant traction, with talks of a US market entry through Kraken's parent Payward advancing through subsidiary Bitnomial. The company has also seen its Grayscale Hyperliquid Staking ETF (HYPG) cross $123 million in assets under management within 30 days of launch.
Chainlink is being used by the US Department of Commerce to bring official GDP, PCE, and economic data on-chain across 10 blockchains. This real-time access to government figures has significant implications for applications that rely on this information.