In recent weeks, older cryptocurrencies like XRP, Hedera (HBAR), Algorand (ALGO), and Cardano (ADA) have seen substantial value increases. This has redirected attention from investors back to classic cryptocurrencies. Notably, XRP’s remarkable 431% rise over four weeks has captured significant attention.
SEC Lawsuit and XRP’s Surge
The rise of XRP is linked to rumors regarding the potential conclusion of the long-standing SEC lawsuit. For the first time in seven years, XRP has gained promising momentum, reaching levels not seen previously. Ali (@ali_charts) stated, “Gary Gensler’s departure from the SEC could be the best development for XRP. Now, XRP is targeting $2!”
Beyond XRP, other older cryptocurrencies such as Stellar (XLM), Algorand (ALGO), Hedera (HBAR), and Cardano (ADA) 
$0.924375 have also experienced notable increases. These altcoins have gained value through increased brand recognition and technological updates. For example, the rise in network activity of Hedera has attracted investor interest. Santiment (@santimentfeed) noted that large transfers in rising altcoins might slow down the bull market. Nevertheless, investors perceive this surge as the beginning of an “altcoin season.”
Renewed Investor Interest
Another reason for the renewed interest in classic cryptocurrencies is global developments. Factors like Donald Trump’s election victory, technological upgrades, and broader acceptance of platforms are foundational to this interest. For instance, Cardano’s Alonzo update has boosted network capacity, attracting new investors.
However, significant investors selling off assets in the market may slow the value increases. Experts warn that large-volume transactions can lead to price fluctuations. Nonetheless, being at the onset of an altcoin season allows investors to maintain hope for further gains in the future.
In conclusion, the surge in older cryptocurrencies offers new opportunities for investors. However, it is essential to remain aware of the market’s volatile nature. By closely monitoring technological advancements and legal processes, investors can make informed decisions.
