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Key Points
Approximately one-half of the top 100 cryptocurrencies (as ranked by market cap) have outperformed Bitcoin (CRYPTO: BTC) over the past 90 days. During that time period, Bitcoin is up an unremarkable 2%. In comparison, a number of top altcoins have soared 75% or more.
Which cryptocurrencies are outperforming Bitcoin?
Right now, 45 altcoins are beating Bitcoin soundly. The list of top performers includes a few meme coins, such as Pudgy Penguins (CRYPTO: PENGU), up 148% over the past 90 days on August 26. The good news is that investors can safely ignore these meme coins due to their mercurial, volatile nature.
The name that really jumps off the list of top performers is Ethereum (CRYPTO: ETH), up 75% over the past 90 days. The world's second-largest cryptocurrency is attracting the attention of both retail and institutional investors, due to its recent explosive run.
Several top decentralized finance (DeFi) cryptocurrencies have turned in some stunning performances over the past 90 days. For example, both Chainlink (CRYPTO: LINK) and Uniswap (CRYPTO: UNI) are up 55%. Both of these are direct plays on the growth potential of decentralized finance, particularly within the Ethereum blockchain ecosystem. These DeFi tokens can potentially explode later in 2025.
Based on the above, it's possible to put together a convincing investment thesis for the second half of 2025. The spate of new crypto legislation in the United States, combined with the growing pace of crypto adoption globally, is leading to new opportunities for DeFi tokens, especially those that run on the Ethereum blockchain. If any cryptocurrency is going to pop soon, it will likely be one of these.
Meet Ondo, the crypto that could explode soon
It may be too late to get in on Ethereum, but there are intriguing options within Ethereum's blockchain ecosystem. One is Ondo (CRYPTO: ONDO), currently ranked No. 38 among all cryptocurrencies, with a nearly $3 billion market cap.
Ondo is also an ERC-20 token and primarily used for real-world asset tokenization, a hot investment idea within DeFi now. World Liberty Financial, the crypto venture affiliated with the Trump family, supports this cryptocurrency.
At the end of last year, Ondo more than tripled in value and hit an all-time high of $2.14. Given that Ondo is now trading for around $1, this implies that Ondo could double in value, to regain its all-time high.
Picking winners in crypto
Be aware: It is notoriously difficult to pick the next big winner in crypto. Risk and volatility are very much an issue any time you venture beyond Bitcoin or Ethereum.
But if you're willing to take on the risk, it might be time to look for coins that haven't popped yet. The best opportunities are those linked to the Ethereum DeFi investment narrative, which has already worked with Chainlink and Uniswap, both up significantly over the past 90 days.
Could Ondo be next?
Should you buy stock in Ethereum right now?
Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team identified what they believe are the 10 best stocks for investors to buy now, and Ethereum wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
This article has been published in fool.com via Yahoo News.
Will This Be the Next Crypto to Explode?
As Ethereum soars in value, this little-known cryptocurrency could go along for the ride.
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