The crypto is showing signs of resilience this week, with Bitcoin remaining above the key resistance level at $92,000 and Ethereum stabilizing above $3,200. Additionally, the Crypto Fear and Greed Index has continued rising in the past few weeks, moving from a low of $8 to $28. This article explores some of the best crypto to buy today as a bull run brews.
Best crypto to buy now ahead of the next bull run
In a sea of millions of cryptocurrencies, selecting the best one to buy can be challenging. Still, analysts recommend buying quality blue-chip tokens that have staying power. Some of the best crypto to buy now and hold are Ethereum (ETH), Chainlink (LINK), and Ripple (XRP).
Ethereum (ETH)
Ethereum is the best crypto to buy now and hold because of its strong technicals and fundamentals, which we covered in a recent report.
The network has become the most important one in the crypto industry, where it is powering all emerging technologies. It has a big market share in the decentralized finance (DeFi), Real-World Asset (RWA) tokenization, and non-fungible tokens (NFT) industries.
For example, its dominance in the RWA industry has jumped to over 78% even as more networks have entered the game. Some of the most notably ones are Monad, Midnight, and Plasma.
Ethereum has continued to evolve through regular upgrades, the most recent one being Fusaka, which was launched last week. This growth has made it faster and cheaper than most players in the crypto industry.
Ethereum price will also benefit from the growing treasury purchases, especially by BitMine Immersion, which has boosted its buying frenzy to over 3% of the supply.
Most importantly, the supply and demand dynamics mean that the network will continue growing in the coming years. For example, the rising demand has happened at a time when the supply in exchange has dropped, leading some analysts to predict that there will be a supply crisis soon.
Therefore, Ethereum is a good crypto to buy as its growth and market share will continue fueling demand for the coin.
Chainlink (LINK)
Chainlink is another top crypto to buy now because of its role in the crypto industry, where it provides important solutions to hundreds of companies.
Chainlink is the biggest oracle in the crypto industry, where it offers key solutions like data feeds to large players in the industry like Uniswap and Aave. Its total value secured has jumped to over $60 billion, making it much higher than its competitors.
Chainlink has also evolved to become a major player in the RWA industry, where its cross-chain interoperability protocol (CCIP) has become a pivotal player in the sector. It now has partnerships with some of the biggest companies in the world, like JPMorgan, Coinbase, and UBS Bank.
Additionally, as the chart below shows, the supply of LINK tokens in exchanges has continued falling in the past few weeks, a sign that investors are moving their tokens out of exchanges. Some of this demand is coming from the recently launched LINK ETF and the Strategic LINK Reserves.
Ripple (XRP)
XRP is another top crypto to buy now as its role in the financial services industry grows. For example, Ripple USD (RLUSD), its stablecoin, has accumulated over $1.3 billion in assets, a year after it was launched.
This role will continue growing after the company made four big acquisitions this year, including GTreasury, Rail, Hidden Road, and Palisade.
XRP price will also benefit from the ongoing demand from American investors. Data shows that the cumulative total inflows have jumped to over $970 million, while the total net assets have moved to $929 million.
There are other potential blue-chip crypto tokens to buy and hold today, including the likes of Solana (SOL), Binance Coin (BNB), Zcash (ZEC), Tron (TRX), and Hyperliquid (HYPE).
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