Best Cryptocurrencies to Invest in Today, March 24 – Ethereum, Solana, XRP
Highlights:
- Ethereum price climbs as whales buy big, and Fidelity plans a tokenized fund on the Ethereum blockchain.
- XRP rises after the SEC drops the Ripple appeal, and ETF approval odds increase before the final decision.
- Solana breaks out of a downtrend with rising futures interest, and analysts predict a rally to $420.
The cryptocurrency market is on a steady upward trajectory as most of the top 10 cryptocurrencies are trading in the green zone. At the time of writing, the global market cap is at $2.84 trillion, up by 2.79% in the last 24 hours. In addition, the total trading volume is up 44.60% to $61.2 billion. Despite the increased trading volume of the market, the fear and greed index stands in the fear zone.
Bitcoin has reclaimed the $86,000 mark after consolidating below the mark over the weekend. At press time, the coin is trading at $87,120 with a 3.47% increase in the past day. The trading volume has surged 94.75% to $18.33 billion. Several analysts predict that sustained inflows into spot ETFs will drive Bitcoin’s price this week.
Best Cryptocurrencies to Invest in Today
1. Ethereum (ETH)
The second largest cryptocurrency is trading at $2,065, representing a 3.25% increase over the last 24 hours. The market cap stands at $249.2 billion, and the trading volume has increased by 51.29% to $9.92 billion. ETH has gained 9.51% on the weekly chart, making it one of the best cryptocurrencies to invest in today.
ETH has dropped 51% in three months from its peak of $4,100 in December. However, the return of whales and institutional adoption is expected to drive the price higher. The number of wallets holding at least $100,000 of ETH increased from 70,000 to over 75,000, according to data from Glassnode. According to popular analyst Ali Martinez, whales bought roughly 470,000 ETH in the past week.
Whales have bought roughly 470,000 #Ethereum $ETH in the past week! pic.twitter.com/SfKKZzyw6u
— Ali (@ali_charts) March 24, 2025
Moreover, institutional adoption is expected to drive the price further. Fidelity Investments has filed to register a tokenized version of a US dollar money market fund on Ethereum. Fidelity will use the Ethereum blockchain as a secondary ledger to track ownership. The SEC is expected to review the filing by May 30. If approved, it will increase activity on the blockchain and drive the price of ETH higher.
💥BREAKING:
FIDELITY’S DIGITAL US DOLLAR GOES LIVE ON 30 MAY ON ETHEREUM
FIDELITY MANAGES $5.8 TRILLION IN ASSETS
YOU’RE NOT BULLISH ENOUGH ON $ETH!! pic.twitter.com/IIQgsiZSDh
— Crypto Rover (@rovercrc) March 23, 2025
2. Solana (SOL)
SOL is currently trading at around $137.99, with a 5.51% increase in the past day. Its trading volume has increased by 100.84% to $2.76 billion, while the market cap stands at $70.56 billion. According to data from CoinGlass, the SOL futures open interest has surged 8.6% to $5 billion. According to a recent analysis by Crypto2community, SOL is set to hit $150 as soon as the adoption of the network hits a record high.
According to crypto analyst Crypto Curb, SOL has ended its downtrend that has occurred since January. He has suggested that the breakout from the trend signals the start of a new uptrend and has predicted that SOL is set to hit $420 in the near future.
SOL just broke upwards out of the downtrend that we've been under since the January 20th Trump highs.
Starting our next leg up, $420 SOL will be coming soon.
Run it TF back UP.#SOLANA ⚡️ pic.twitter.com/dtBleIvcPE
— curb (@CryptoCurb) March 24, 2025
3. XRP (XRP)
XRP is trading at $2.46, representing a 2.78% increase over the last 24 hours. The market cap stands at $143.16 billion, and the trading volume has increased by 55.75% to $2.73 billion.
The surge in price and trading volume comes as the SEC withdrew its appeal against Ripple after years of battling in the court. The case centered on XRP qualifying as securities in the secondary market. Moreover, the pending approval of the XRP spot ETF is expected to drive market activity. Firms such as 21Shares and Bitwise have already applied for approval and are awaiting the decision of the SEC. The changed approach of the SEC on cryptocurrencies is expected to boost market adoption.
Although the final decision is set for October, the SEC may give a final decision earlier. According to Polymarket data, the odds for approval of the ETF by December have risen to 87%. The approval of the ETF is expected to push the price of XRP past its all-time high of $3.55.
JUST IN: Ripple Effect: Surging XRP ETF Optimism Follows SEC Legal Retreat: A Polymarket wager amassing $54,666 in trading volume suggests an 87% likelihood that a spot XRP exchange-traded fund (ETF) will secure regulatory approval by 2025. XRP ETF Mania Hits 87% Confidence:… pic.twitter.com/XJUwAw2WcP
— Rogue (@RogueBigFootX) March 23, 2025
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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