The altcoin market is flashing green again as growing excitement around exchange-traded funds (ETFs), bullish technical patterns, and increased blockchain activity reignite investor interest. Top cryptocurrencies including Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) are all showing strong buy signals, with analysts forecasting further gains.
In a significant regulatory development, the U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale’s filing to convert its GDLC fund into a spot ETF. The fund holds a diversified basket of cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, and Cardano.
According to Nate Geraci, President of ETF Store, this marks “real progress” with the SEC and boosts the likelihood of approval. A green light for GDLC could set a precedent for future spot ETFs tracking individual altcoins, potentially paving the way for XRP, Solana, and Cardano spot ETFs in the near future.
Ethereum is currently trading at $2,459, down 1.6% over the last 24 hours, but has recently broken above its 50-day exponential moving average (EMA) at $2,429. If it maintains support at $2,461, analysts see a move toward $2,724, with bullish targets as high as $3,400 in the medium term.
Crypto strategist Michaël van de Poppe noted that Ethereum’s strength could signal the start of a broader altcoin rally. He believes that Ethereum utility tokens will outperform in the coming months. Meanwhile, analyst Mikybull highlighted that whale accumulation is at its highest this cycle, comparing the current setup to the start of the 2017 bull run.
Solana has decisively broken its recent downtrend and is positioned for another upward leg. The blockchain ecosystem, known for its fast transaction speeds and DeFi activity, continues to grow and recently set a new all-time high in 2025.
Analysts now expect a 20–25% rally from current levels, citing bullish momentum and strong developer activity across the Solana ecosystem.
XRP is gearing up for a potential breakout, with optimism driven by increasing chances of a settlement in its ongoing lawsuit with the SEC. Legal experts estimate a 70% probability of resolution by August 2025, which could open the door to institutional investment.
Analysts are forecasting a 2025 price target of $5.81, with long-term projections from crypto researcher Vincent Van Code ranging between $30 and $50, assuming favorable regulatory outcomes and increased adoption.
Cardano is also gaining momentum thanks to recent moves to enhance liquidity. The blockchain’s $100 million ADA treasury conversion into Bitcoin and stablecoins aims to bolster DeFi protocols on the network.
The stablecoin market cap on Cardano has grown 30%, a sign of rising usage and capital inflow. ETF approval odds for ADA are now estimated at 55%, further fueling investor confidence. Analysts see potential price targets between $1.20 and $5.66, supported by DeFi expansion and Layer-2 adoption.
With institutional sentiment improving, on-chain activity climbing, and ETF headlines driving positive momentum, altcoins are once again in the spotlight — potentially setting the stage for a major second-half rally in 2025.
July 2025, Cryptoniteuae