2024-2-8 15:00 |
Cryptocurrencies bounced back this week as Bitcoin broke out above $44,000 on Wednesday. Its surge led to more upside for altcoins and hopes that the bull run will continue. Most Bitcoin bulls believe that the coin has more upside ahead the halving event in April this year. If they are correct, here are some of the best altcoins to buy in the next crypto bull run.
SolanaSolana is one of the best altcoin to buy this year as it becomes the biggest threat to Ethereum’s dominance thanks to its quick speeds and low transaction costs. A good example of this is what happened last year when Bonk became one of the biggest meme coins in the world.
Most recently, applications built on Solana have continued to gain market share. DEX exchanges like Jupiter, Orca, and Raydium have moved into the top ten of the biggest players in the industry. Similarly, Solana is now used to build some of the biggest players in the Decentralized Public Infrastructure (DePIN) platforms like Helium, Hivemapper, and Render Token.
Technically, as shown below, we see that SOL price bottomed at $78.34 on January 23rd and has now moved above the psychological level of $100. It has also formed an inverse head and shoulders pattern, signaling that there is more upside as bulls target the key resistance at $125.92.
CelestiaCelestia (TIA) has become one of the top-performing new cryptocurrencies in the past few months. It jumped by more than 700% from its all-time low and is now nearing a record high of $20. Celestia has some important fundamentals.
For example, the number of account holders has surged to more than 900k while the amount of data in the ecosystem has surged to more than 2.67GB. This is remarkable for a network that launched a few months ago. Further, the number of transactions in Celestia have jumped to over 11.2 million.
Therefore, there is a likelihood that the TIA token will continue thriving in the coming months as the ecosystem continues growing.
StacksStacks (STX) is the other important altcoin to buy in the next crypto bull run. For starters, Stacks is a blockchain project that provides a layer 2 platform for Bitcoin’s ecosystem. Using its technology, people can build apps whose transactions are handled in Bitcoin.
Therefore, since Bitcoin will likely lead the next altcoin rally, there is a likelihood that it will also jump. For one, the token has a close correlation with BTC. It jumped to a high of $2.058 when Bitcoin reached $49,000 and then retreated to $1.24 when it dropped to $38,000. It has now rebounded to $1.8 as Bitcoin continued its recovery.
The post Best altcoins for the next crypto bull run: SOL, TIA, STX appeared first on Invezz
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