Citigroup suggests that by 2025, blockchain could see transformative adoption driven by regulatory changes. The Federal Reserve has recently eased requirements for banks regarding crypto activities, indicating a shift. Top cryptocurrencies to consider amidst this growth are Solana, Best Wallet Token, Helium, and Sui, all showing significant potential for gains as the market evolves.
Citigroup has made headlines with its prediction that blockchain technology is on the brink of a pivotal change, akin to a so-called “ChatGPT moment” that could dramatically boost adoption. Analysts at Citigroup, in a report released on April 23, highlighted that by 2025, we might see a surge in blockchain integration within the financial and public sectors, largely influenced by favourable regulatory shifts.
This response to changing regulations is already materialising, with the Federal Reserve recently withdrawing its requirement for state-registered banks to pre-notify any crypto or stablecoin activities. Such changes pave the way for blockchain advancements, which opens up significant opportunities for those in the trading sector. This brings us to the leading cryptocurrencies to consider as we proceed into this new era of blockchain engagement.
First up is Solana, a cryptocurrency rapidly becoming a frontrunner as adoption ramps up. Last year, retail users favoured Solana, and that trend seems likely to continue as institutional interest grows. Just recently, Canadian firm SOL Strategies raised a massive $500 million to acquire and stake SOL coins. Not just that, Galaxy Digital traded $105 million worth of Ethereum for Solana earlier this week.
In other exciting news, major asset managers such as BlackRock and Franklin Templeton have shifted their tokenised money market funds to Solana, highlighting its growing credibility. With $2.9 billion in decentralized exchange (DEX) volume in 24 hours and over 80 million interactions on the network this month, Solana is clearly dominating. Consequently, SOL has surged 14% this week, making it an attractive investment.
Transitioning to Best Wallet Token, this cryptocurrency fuels Best Wallet, a user-friendly wallet designed to enhance the blockchain onboarding experience. Supporting more than 60 blockchains, it facilitates fiat on- and off-ramping and offers a plethora of integrated features, including cross-chain DEX, an NFT gallery, and advanced fraud protection.
Best Wallet’s strength lies in its ability to merge decentralised advantages with ease typically found in centralised exchanges (CEX). Holders of Best Wallet Token enjoy trading fee discounts, improved staking returns, governance rights, and exclusive promotions. Given its capabilities and ongoing presale — which has already attracted over $11 million — demand for $BEST is likely to skyrocket as the platform grows.
Next is Helium, a project making waves in the blockchain sphere by incentivising individuals to support a decentralised mobile coverage network. By purchasing a Helium Hotspot device, users can earn HNT tokens while contributing to the infrastructure. With over 375,000 hotspots already operational, this initiative reshapes the telecom landscape, allowing individuals to act as mini service providers.
Moreover, Helium has recently gained momentum after the SEC dropped legal actions against its developers, giving the HNT token a boost of 14% in just 24 hours. This positions it among the top-performing cryptocurrencies right now.
Last but not least is Sui, which has experienced a striking 16% gain. Often compared to Solana due to its scalability and robust backing, Sui is currently positioned just outside the top ten by market cap, with some notable venture capital backing. Despite its recent underdog status with a market cap lower than Solana, Sui’s growth looks promising as its total value locked and DEX volume soared over 30% this week.
As we witness a potential bull market, infrastructure projects like Solana, Best Wallet Token, Helium, and Sui emerge as promising avenues for investment. However, readers should be cautioned — this commentary is strictly for informational purposes and does not constitute financial advice. The crypto market is notoriously unpredictable, and thorough research is crucial before any investment decisions.
