SOL - 2 Cryptocurrencies That Are Down 25% and Ready to Pop
2023-09-14 07:50:00 ET
Over the past 30 days, just about every major cryptocurrency has posted double-digit percentage losses. Market stalwarts Bitcoin and Ethereum are down more than 10% and investors appear to be dumping all cryptos right now, regardless of their underlying value or potential growth prospects.
Amid all this selling, there are two cryptos -- XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) -- that are now down more than 20% and seem to be ready to pop. Both are top 10 cryptocurrencies by market capitalization, and both have important catalysts that could propel them higher over the near term.
XRP may be down 23% during the past 30 days, but it's still up 42% for the year. XRP's zigzag performance is due in no small part to its long-running battle with the SEC. In July, XRP won a major court ruling in its long-running case with the Securities and Exchange Commission, which has been attempting to classify XRP (formerly known as Ripple ) as an "unregistered security" for more than two years.
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2 Cryptocurrencies That Are Down 25% and Ready to Pop