Top 3 Altcoins to Watch: Why XRP, SOL, and MNT Stand Out Now

Ripple expands payment partnerships, with analysts targeting $5 amid rising institutional demand.

SOL strengthens as a scalable smart contract platform, with projections reaching $500.

MNT grows as an undervalued Ethereum Layer 2, driving adoption in DeFi and enterprises.

Investors are turning their focus toward XRP, SOL, and MNT as the market gains strength. XRP keeps on making inroads into new markets by teaming up with financial institutions all over the globe. Solana is the perfect solution for rapid and scalable transactions. Ethereum has also been the beneficiary of Layer 2 scaling. Altogether, these three promising altcoins advance in line with sound fundamental analysis and merit close observation in the future.

Ripple (XRP)

Source: Trading View

Ripple’s XRP’s positive momentum is impressive in spite of the regulatory issues experienced earlier in 2023, as demonstrated by its current trading price of $2.83. Ripple was trying to make partnerships with big banks to build a better infrastructure around cross-border payments- and now that they have, Ripple is now focused on adoption and tangible real-world application for XRP. Analysts believe that XRP will likely reach $5 as institutional interest increases. The analysts referenced important resistance levels from $3.2, $3.8 and $4.5. The bottom support zones are $2.6, $2.4 and $2.0. While XRP may not experience as much to run with similar small tokens, it does have predictability.

Solana (SOL)

Source: Trading View

Currently, Solana's SOL is trading at around $203 and is one of the most compelling smart contract platforms available. Solana has gained strong traction for its low fees and high transaction speeds, establishing a good reputation for developers. Solana has also solidified itself as a major hub for DeFi and NFT use, stimulating consistent growth in user demand, and analysts even project possible upside to $500 with the continuation of the trend. The current resistance levels are at $220, $250, and $300, and the support levels are at $190, $170, and $150.What really sets Solana apart from those platforms is their ability to handle unprecedented transaction volume, assuming that efficiency does not falter.

Mantle (MNT)

Source: Trading View

Mantle has begun to rise as a formidable Ethereum Layer 2 scaling solution. Its modular design aims to give users increased transaction throughput while reducing costs as it can take advantage of multi-chain architecture which can leave room for users to save on transaction costs. Scalability and cost efficiency allows Mantle to feasibly compete with scaling giants such as Arbitrum and Optimism. There are many analysts who assert Mantle is still undervalued, considering the amount of potential. User adoption continues to be seen across various DeFi platforms and enterprise applications furthering the long-term growth case.

XRP remains robust as it continues to be adopted at a consistent pace and forms stable institutional partnerships. Compared with others, Solana is noted for its scalability, speed, and the demand it has from developers. With good scaling practice and potential for growth, Mantle has positioned itself as a much-needed booster for Ethereum.