XRP News Today: XRP SEI HBAR SUI SOL Lead Altcoin Surge Amid Waning Bitcoin Dominance

XRP, SEI, HBAR, SUI, and SOL are emerging as key altcoins to watch in the potential August bull run, as market dynamics shift with Bitcoin’s dominance waning [1]. Analysts suggest that a "selective altseason" could be underway, with these coins showing strong fundamentals, growing adoption, and institutional interest.

XRP is gaining traction due to Ripple’s application for a national trust bank charter in the U.S., potentially opening new avenues for institutional crypto custody and settlement [1]. In addition, a U.S. healthcare firm, Wellgistics Health, announced it will use XRP for reserve assets and payments. Analysts have speculated that XRP could reach as high as $10,000, though a more realistic target this cycle is between $6 and $10. Currently, XRP trades near $3 [1].

SEI is experiencing explosive user growth. In July alone, it processed $73 billion in transactions and added nearly 500,000 new wallets—outperforming major blockchains like Ethereum and Avalanche [1]. Its active addresses recently surpassed Solana’s, and if it were to reach Solana’s market cap, the token would need to rise to approximately $15.60. The total locked value in SEI has grown from $28 million to over $600 million, supported by major players like Circle [1].

HBAR is another altcoin attracting attention, especially after being listed on Robinhood, making it accessible to over 25 million users [1]. It has also been included in Grayscale’s crypto fund, and there is growing speculation about a potential HBAR ETF with strong approval prospects. Major institutions such as Samsung, BlackRock, and Fidelity are using Hedera for real-world asset tokenization, boosting its credibility and volume [1].

SOL is benefiting from a growing ETF frenzy. Many market observers anticipate a spot SOL ETF approval as early as September 17 [1]. The token has already demonstrated its use case through leading tokenized stock volume. Institutional adoption is expected to accelerate following regulatory green lights, potentially bringing significant capital into the ecosystem [1].

Together, these five altcoins represent a mix of strong use cases, growing institutional interest, and increasing user adoption, making them prime candidates for a potential market upswing in August.

Source: [1] XRP, SEI, HBAR, SUI, SOL: The Only 5 Altcoins That Matter for an August Bull Run (https://coinedition.com/xrp-sei-hbar-sui-sol-the-only-5-altcoins-that-matter-for-an-august-bull-run/)