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Five key altcoins—ONDO, ETH, ENA, LINK, and XLM—are gaining traction ahead of the SEC–BlackRock tokenization roundtable.
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Institutional interest and technical signals position Ethereum and related altcoin projects for potential near-term surges.
While in an awaits the SEC’s upcoming roundtable on tokenization, scheduled for May 12, 2025, investors are eyeing key altcoins poised for potential surges. This event, featuring heavyweights like BlackRock, Franklin Templeton, and Invesco, aims to shape the future of real-world asset (RWA) tokenization.
For this context of altcoins in relations to other crypto, one must see that as the BlockSholes describes it below.
Altcoin season, or “altseason,” is usually characterized by a period of significant and sustained outperformance of altcoins beyond that of major tokens like Bitcoin and Ethereum.
In this article, we will look briefly on 5 altcoins set to surge and their current market price movements, before SEC–BlackRock meeting, and why.
Ondo Finance (ONDO): Bridging Traditional Finance and Blockchain
Ondo Finance stands out with its innovative approach to tokenizing traditional financial instruments. With the SEC meeting on the horizon, ONDO’s current price is $0.8715, reflecting a 0.79% increase in the past day.
Ethereum (ETH): The Backbone of Tokenization
Ethereum continues to be a foundational platform for decentralized applications and tokenization projects. Its role is further solidified by BlackRock’s ETHA, the largest spot Ethereum ETF.
Currently trading at $1,845.84, ETH has experienced an uptick of 1.74% in the past day, and 2.28% in the past week. Analysts suggest that Ethereum’s price could reach $3,793, driven by bullish technical patterns and increased institutional interest.
Ethena (ENA): Innovating Stablecoins
Ethena’s USDe, a synthetic dollar protocol, is making waves in the stablecoin market. With over $4.6 billion in circulation, its collaboration with Securitize and BlackRock’s BUIDL fund positions it favorably. ENA is currently priced at $0.2737, marking a 4.61% gain in the past day.
Chainlink (LINK): Facilitating Cross-Chain Interoperability
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is crucial for many tokenization projects, enabling seamless data transfer across blockchains. Referring to Nasdaq, as the industry leans towards interconnected systems, LINK’s importance grows. Currently, LINK is valued at $13.93, up by 2.19% in the past day.
Stellar (XLM): Empowering Tokenized Funds
Stellar’s collaboration with Franklin Templeton, particularly in managing a $450 million tokenized fund, underscores its significance in the RWA space. With the upcoming SEC roundtable, XLM’s role is under the spotlight. Presently, XLM trades at $0.2633, experiencing a 2.19% increase in the past week.
To this end, as institutional interest grows and regulatory frameworks evolve, Ethereum’s foundational role in tokenization positions it for potential growth.
As CNF recently highlighted its current development, ETH price setup mirrors 2017: can Ethereum repeat its 25,000% rally. Analysts project that, with favorable conditions, ETH could approach the $3,793 mark in the foreseeable future. See ETH price chart below.
