In one of the biggest deals in the crypto industry, Ripple is set to acquire prime brokerage firm Hidden Road for $1.25B.
Could this, along with the launch of the new XRP ETF, be the positive signals crypto buyers need right now?
Read until the end because we’ll also list three other altcoins that are locked and loaded to be the next crypto to explode in a market turn.
Understanding Ripple’s Hidden Road Acquisition
Hidden Road is a leading player in the brokerage industry, offering services like custody, borrowing, lending, and trading to large institutions. It currently caters to 300+ institutional clients with an annual clearing of $3T.
Acquiring Hidden Road makes Ripple the only crypto company to own a global multi-asset prime broker.
This acquisition is a landmark move for Ripple as it looks to become a serious institutional finance player instead of just a crypto company.
It would also boost the status of Ripple USD ($RLUSD) as a stablecoin. $RLUSD is expected to be used as collateral in Hidden Road’s brokerage services, lending the crypto more credibility.Hidden Road will also shift its post-trade operations to the XRP Ledger, strengthening its bid as a scalable and cost-efficient blockchain for use by large institutional players.
Hidden Road gets the opportunity to explore new markets and grow globally. It also looks to become a more blockchain-native prime broker by leveraging Ripple’s experience with digital asset infrastructure.
The New 2X Leveraged XRP ETF
In related news, Teucrium Investment Advisors announced the launch of a 2X leveraged XRP ETF on NYSE Arca on April 8.
As the name suggests, the fund will move up to 2x correlation with the $XRP token and is aimed at short-term and day traders.
This comes at a time when a bunch of XRP ETF proposals are pending with the SEC. Ever since the first Bitcoin ETF was approved, there has been a swarm of applications for an ETF linked to cryptocurrencies, such as Dogecoin, Solana, Litecoin, and XRP.
In light of Trump’s pro-crypto regulations and increasing fund flow in crypto assets amidst sluggish digital asset performance, this can be a perfect time to follow the classic ‘buy the dip’ strategy.
Although the crypto markets have tanked during the past month, the low prices are ripe for the plucking, while the industry just keeps reaching new highs of innovation.
If you’re looking to invest in value-driven crypto assets with great potential, here are a few tokens you just can’t afford to ignore.
1. Solaxy ($SOLX) – Token Building Debut Solana L2 Most Likely to Be the Next Crypto to Explode
Solaxy ($SOLX) is among the best cryptos to buy now if you’re after utility-based meme coins that have both market hype and fundamentals in their corner.
By building the first-ever Layer 2 protocol on the OG home of the meme coins, Solana, Solaxy aims to revitalize the entire crypto industry. That’s some goal for a startup token, but one for which it’s raised nearly $30M in presale already.
The plan is to make a way to process a sizable portion of Solana’s total transactions on a side chain built on Ethereum.
This will significantly reduce the burden on Solana’s mainnet, which has been overloaded because of the spike in activity on the network after the launch of hugely popular meme coins like $TRUMP and $MELANIA.
Additionally, Solaxy will process transactions in batches. That way, in addition to making Solana quicker and more efficient, Solaxy will also make it more affordable.
Given Solaxy’s potential to help Solana remain the home of the meme coins, it’s predicted to reach $0.2 by 2030. That’s a nearly 12,000% gain over $SOLX’s current price of $0.001688.
You can buy this extra cheap crypto by visiting the official Solaxy website. For more info, here’s a guide on how to buy $SOLX.
2. Best Wallet Token ($BEST) – Token Behind the Best Crypto Wallet on the Market Right Now
Best Wallet Token ($BEST) is the native token of the Best Wallet App, which is a secure and easy-to-use crypto wallet.
As part of its promise to put the power back in the hands of crypto investors, Best Wallet is fully non-custodial.
This means you have total control over the private keys of your wallet. In other words, no one can access your stored crypto, not even the people at Best Wallet.
Next, it uses class-leading cryptographic techniques and provides reliable 2FA/MFA to ensure watertight privacy and security.
What’s more, Best Wallet is also the only crypto wallet that lets you directly buy top meme coins on presale from within the app.
The app aims to capture over 40% of the non-custodial crypto wallet market by 2026. Buy the $BEST token, and you can ride that growth all the way to the bank.
$BEST holders enjoy other perks: lower transaction fees on Best Wallet and staking rewards (currently 134%), as well as early-bird access to the best crypto presales.
The good news is $BEST is still in presale, where it’s raised over $11.6M so far. Here’s more on how to buy $BEST; one token is going for a low $0.02465 at the time of publishing.
3. OFFICIAL TRUMP ($TRUMP) – Token of Crypto President Trump
$TRUMP, Donald Trump’s very own meme coin, is clearly in troubled waters right now. But its low price right now isn’t the only reason we think it could be one of the best cryptos to invest in today.
The biggest factor here is, of course, Donald Trump’s pro-crypto stance. The fact that he delivered on his promise to make crypto-friendly regulatory and policy changes is nothing to sniff at.
In fact, that was the sole reason $TRUMP shot up by more than 12,000% immediately after its launch.
The token, which is a direct reflection of the president’s popularity among the crypto community, has indeed tanked on the back of his steadfastness regarding the reciprocal tariffs.
However, with the tariffs expected to be put on hold (if not relaxed) sooner rather than later and Trump continuing his good work for crypto, $TRUMP should see green days ahead.
When that happens, investors who get in now for just $7.48 per token will take home some pretty mind-boggling gains.
Final Verdict
While the short-term turbulence in the crypto market continues, the long-term view remains positive.
This is reinforced by a slew of ETF launches and large crypto companies like Ripple aggressively expanding despite the market’s mood.
While a long-term bullish outlook would see this as a perfect time to buy high-quality cryptos for less, the current volatility calls for caution.
That means using only a small amount for your crypto investments, diversifying your portfolio, and, most importantly, doing your own research before investing.
As always, none of the above is supposed to be considered a substitute for financial advice from a professional.
