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Which are some of the top altcoins to avoid selling?
The altcoin season index (ASI) has jumped to 82, pointing to a more favorable outlook for cryptocurrencies, aka altcoins in the next few weeks. Crypto markets often do well when the ASI and the crypto fear and greed are rising. With this optimistic outlook here are top 4 altcoins to avoid selling in December with huge upside potential.
Don’t Sell These Four Altcoins
The rising altcoin season index has led to fears that most cryptocurrencies will suffer a harsh reversal. Here are some of the top altcoins not to sell in December.
Sui (SUI)
Sui price has done well this year as it jumped to a record high of $4.038. It has risen by 415% from its January lows, helped by the strong performance of its ecosystem.
On the daily chart, the coin is attempting to move above the key resistance at $3.9356, its highest level in November. Flipping that level will invalidate a double-top pattern that has been forming. A double-top is formed when an asset forms two peaks and a neckline, which is, in this case at $2.9834.
The Murrey Math Lines show that the Sui price has more room to run to get to the extreme overshoot level at $7.8. Therefore, the coin has a near 100% upside from the current level. You should only sell the Sui altcoin if it drops below the double top’s neckline at $2.98.
Aureal One (DLUME)
Aureal One is another altcoin that has significant potential. It is currently in a presale that has attracted thousands of traders.
Aureal One aims to create the first metaverse blockchain for gaming, an industry that is expected to do well in the next decade. It will be a rival to Immutable X and have superior speeds and low transaction costs.
Interestingly, Aureal One’s price is increasing periodically, meaning that earlier buyers get a discount. The next price will jump by almost 30%. Therefore, there is a likelihood that the coin will do well ahead and after its mainnet launch.
Cardano (ADA)
Cardano is another top altcoin to avoid selling in this crypto bull run. ADA price has already jumped by 270% from its lowest level this year.
Cardano’s Average Directional Index (ADX) has risen to 60, a sign that it has a bullish momentum. The ADX is a popular indicator used to measure the strength of an asset’s rally.
Cardano price also remains above the 50-day and 200-day moving averages. Using the trend-following principles, there are odds that the ADA price will jump to $2 in this cycle.
The risk for Cardano is that it has formed a rising wedge chart pattern, which could lead to a reversal.
Tron (TRX)
Tron price has done well this year, and on Wednesday, it jumped to a record high of $0.4485. The coin’s rally is mostly because of its strong technicals and fundamentals. For example, data by TokenTerminal shows that Tron is the third-most profitable networks in the crypto industry.
Tron was trading at $0.3378 on December 5, down by 25% from its highest level this week. This pullback will likely be short-lived as the coin has multiple catalysts that will push it higher in the next few weeks.
Tron’s bull run will remain as long as it is above the 50 Weighted Moving Average (WMA) at $0.20.
Summary of the top crypto to hold
We have looked at some of the top crypto to hold selling as the altcoin season index rises. The other top coins to avoid selling are Hedera Hashgraph, Pepe, Shiba Inu, and Chainlink.
Frequently Asked Questions (FAQs)
Coins like Tron, Cardano, and SUI have potential for more upside in the near term, which makes it risky to sell them now.
The other altcoins to consider are the likes of Dogecoin, Shiba Inu, Pepe, and Hedera Hashgraph.
Aureal One has a bright future because of its focus on the gaming and metaverse industries.
crispus
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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XRP price is defending the support level at $2, but it has also failed to make meaningful gains in recent weeks as traders remain cautious because of macroeconomic concerns. One analyst now believes that if Ripple fails to make any gains, it will face a massive selloff from whales and top holders, which makes it similar to meme coins. Amid this criticism, traders are now looking for the top XRP rivals to buy to make significant gains.
XRP Rivals in Focus as Analyst Likens Ripple to Meme Coins
According to a recent post by analyst Crash on X, XRP price may be on the verge of a massive selloff from the existing holders. The traders who made significant gains late last year as Ripple soared are now looking to book profits, but there is insufficient demand from buyers considering the current bearish conditions in the market.
The analyst added that he was taking a short position on the XRP price as it will likely follow the same path as meme coins, which have already crashed by 90%. Additionally, reduced network activity adds to the likelihood that the price will record a massive decline. He stated,
“XRP is the biggest memecoin in disguise. It has little to no activity or revenue on the chain, just like a memecoin. It’s truly miraculous for it to be this high, and everyone who holds it is very fortunate they can sell it.”
Amid this sentiment, traders are seeking the top XRP rivals that they can buy today to make significant gains if the altcoin declines in price.
Top 3 XRP Rivals to Buy Today
The top 3 XRP rivals that traders should consider buying today to make significant gains include Stellar (XLM), Solana (SOL), and Cardano (ADA). These altcoins have a bullish technical outlook as well as some strong fundamentals that suggest they may be primed for an uptrend.
Stellar (XLM)
One of the top XRP rivals to buy is Stellar (XLM), which trades at $0.24 at press time. This altcoin is often compared to Ripple, considering that the two blockchain projects seek to offer easier access to cross-border payments.
Analyst Andrew Griffiths on X has shared a bullish Stellar price prediction, suggesting that the XLM token might soon rally to record highs. He noted that XLM was trading within a bullish pattern, and if it flips resistance at $0.44, it could support gains past the all-time high of $0.87 and surpass $1.
If XLM can achieve this price target, it is likely to outperform XRP if the latter records a surge in selling activity, making it one of the top XRP competitors to buy.
Solana (SOL)
Solana (SOL) also ranks among the top XRP rivals to buy today because of a bullish technical outlook and strong network activity. A recent Coingape article reported that the SOL price can rally to $150 soon after clearing a key liquidation level after its recent gains.
The rising network activity indicates that the Solana price can also outperform Ripple. Recently, the SOL network recorded the highest daily revenue since February 21, suggesting that more people are using the blockchain.
As network activity rises, it is bullish for SOL price, indicating the likelihood that it may outperform XRP. As such, it is among the top competitors of XRP to acquire today.
Cardano (ADA)
The other XRP rival that a trader should consider buying is Cardano (ADA). At press time, Cardano trades at $0.62 with a slight 1.4% gain in 24 hours. Analysts have shared a bullish Cardano price prediction, indicating that it might be on the verge of a recovery.
According to analyst Nala on X, Cardano appears to be following the same pattern that it did in 2019. At the time, ADA flipped a key resistance level before recording a strong uptrend. If this pattern repeats, this altcoin could soon explode to an all-time high price.
Summary of XRP Rivals
As XRP price struggles to defend the support level at $2, drawing criticism from some analysts, traders are now looking for the best XRP rivals to buy to make significant returns. Some of the top Ripple competitors to buy include Stellar, Solana, and Cardano, which are surrounded by strong technical setups and network activity, suggesting that they might outperform XRP.
Frequently Asked Questions (FAQs)
The top XRP rivals that traders can consider buying today include Stellar (XLM), Solana (SOL), and Cardano (ADA). These tokens have a bullish technical outlook and strong fundamentals.
XRP price can only bounce from the support level of $2 if there is a fresh increase in demand. Other catalysts, like spot ETF approvals and strategic partnerships, might also drive the uptrend.
Solana price can rally to $150 soon amid a surge in network activity. This activity may bolster demand for SOL and accelerate the rally.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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The crypto market continues to move sideways due to macroeconomic fears caused by the trade war between China and the US. However, the sentiment might shift if President Trump manages to make changes at the Federal Reserve in a bid to lower interest rates. This article looks into Trump’s potential pick for the next Fed Chair and the top altcoins to buy if the appointment ends up being a crypto-friendly one.
Altcoins to Buy If Trump Picks Kevin Warsh as Next Fed Chair
Speculation is rife that President Trump will replace Jerome Powell with a new Fed Chair. According to the Wall Street Journal, Trump will likely pick Kevin Warsh as the next chair, and given his crypto-friendly remarks in the past, traders are already seeking the best altcoins to buy.
The speculation about Warsh’s appointment is surging after Trump criticized Powell over his decision on interest rates. Trump accused the current Fed Chair of “playing politics” by failing to lower rates like other central banks had done.
Warsh may be a good pick for the crypto industry as he has made several crypto-friendly remarks in the past. In 2021, Warsh told CNBC that Bitcoin was an ideal investment plan. At the time, he said,
“I think that Bitcoin does make sense as part of a portfolio… I think of Bitcoin as a lot of things, but it’s certainly with every passing day, getting new life as an alternative currency.”
Additionally, Warsh is named as an advisor and investor to the Bitwise digital asset management firm. Bitwise is among the firms that offer spot crypto ETFs.
Considering these factors, if Trump picks Warsh as the next Fed Chair, it may trigger moves across the crypto market. Therefore, traders should seek the best altcoins to buy in case the market rallies.
3 Altcoins to Buy Now
The best altcoins to buy now amid growing speculation that President Trump could pick Warsh Warsh as the next Fed Chair are Ripple (XRP), Solana (SOL), and Cardano (ADA). These altcoins have a bullish technical outlook that may spark rallies.
Ripple (XRP)
Ripple (XRP) is one of the best altcoins to buy now. The altcoin is surrounded by catalysts like spot ETF approvals, possible integration with the Federal Reserve and SWIFT, which may support a bullish breakout.
Additionally, XRP price also has a strong technical outlook. This altcoin is attempting to break the upper trendline of a descending parallel channel. If it is successful in doing so, it may stir an uptrend. Additionally, the ADX line is dropping, which is an indication that the downtrend is weakening. This paves the way for a recovery.
Solana (SOL)
The other altcoin to buy now is Solana. According to one top analyst who shared a bullish Solana price forecast, the altcoin has formed a falling wedge pattern, whose bullish breakout will be confirmed if the altcoin can overcome resistance at the upper trendline. If Solana does this, it may spark a rally to $250.
Besides the technical setup, Solana is also awaiting the approval of a spot SOL ETF in the US. If this product is approved under a pro-crypto Fed Chair, it may spark inflows, which will bode well for the price.
Cardano (ADA)
Lastly is Cardano (ADA), which also ranks among the top altcoins to buy. Popular analyst Ali Charts has shared a bullish Cardano price prediction, stating that the altcoin is on the verge of a 30% upside move if it breaks out of a symmetrical triangle pattern.
Cardano is also a US-made altcoin that will benefit greatly from having a crypto-friendly Treasury Secretary. The other bullish fundamental that may also spark a rally is the approval of a spot Cardano ETF.
Summary of Top Altcoins to Buy
President Trump is considering picking former Fed governor Kevin Warsh as the next Fed Chair. This appointment could spark volatility in the crypto market, and investors are looking for the top altcoins to buy to secure gains. These altcoins include Ripple, Solana, and Cardano, and they have a bullish technical outlook and positive catalysts that may spark a rally.
Frequently Asked Questions (FAQs)
The top altcoins to buy now are Ripple (XRP), Solana (SOL), and Cardano. These altcoins have a bullish outlook and some strong fundamentals.
A report by the Wall Street Journal suggested that President Trump might pick Kevin Warsh as the next Chair of the US Federal Reserve.
Solana price can rally past $200 after forming a giant falling wedge pattern. If it breaches the upper trendline, it may spark a rally to $250.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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BTC price
Crypto Braces for a Hidden $4.5 Trillion Catalyst for Bitcoin, Ethereum, Cardano, XRP Price
Crypto prices stabilized on Thursday, helped by the falling US inflation, Donald Trump’s flexibility on tariffs, and Paul Atkins confirmation as SEC chair. Still, Bitcoin, Ethereum, Cardano, and XRP prices have a hidden $4.5 trillion catalyst that may propel them higher this quarter.
Crypto Prices Awaits for a $4.5 Trillion Catalyst
Most crypto investors are ignoring a $4.5 trillion catalyst hidden in plain sight. This catalyst is Donald Trump’s Big, Beautiful Bill that will may be passed into law soon. In an X post, Trump called it the biggest tax cuts in USA history, saying:
“Great News! “The Big, Beautiful Bill” is coming along really well. Republicans are working together nicely. Biggest Tax Cuts in USA History!!! Getting close.”
The bill will be bullish for crypto coins like Bitcoin, Ethereum, Cardano, and XRP because of the amount it seeks to cut. The estimate is that it will extend the 2017 cuts in the Tax Cuts and Jobs Act. On top of this, it will have more incentives like eliminating taxes on tips and overtime pay.
This means that taxpayers will have more money in their bank accounts, which some may divert to investing in the crypto market. Historically, many young people use their savings to speculate in assets like Bitcoin, Cardano, Ethereum, and XRP.
Interest Rate Cuts to Boost Bitcoin, Cardano, Ethereum, and XRP Price
On top of this, the Federal Reserve may deliver another bazooka by cutting interest rates now that US inflation is falling. Data released on Thursday showed that US inflation dropped to 2.4%, and is slowly nearing the Fed target of 2.0%.
The odds of a rate cut have risen after Donald Trump declared tariffs on most countries. While he has paused tariffs on over 70 countries, he maintained the base 10%. He also maintained hefty taxes on cars, steel, and aluminum. Additionally, he boosted China tariffs to 125%.
Therefore, in a note, Mark Zandi, the respected economist at Moody’s, boosted his recession odds to 60%. He also warned that global investors may start losing faith in the US, making its bonds less of a safe haven.
Therefore, a combination of falling inflation and slow economic growth means that the Fed may deliver more cuts than expected. Polymarket traders have placed a 52% chance of the Fed cutting by June this year. Another poll shows that more participants see the Fed cutting rates three times this year.
On top of this, the Senate voted for Paul Atkins as the SEC Chair, which will lead to more deregulation and ETF approvals.
The Bottomline
Bitcoin, Cardano, Ethereum, and XRP price remain in a deep bear market this year and are in search of a catalyst. The top catalysts to watch will be the potential interest rate cuts, US tax cuts, and the recent confirmation of Atkins as the SEC chair.
Frequently Asked Questions (FAQs)
Tax cuts are seen as stimulus packages, which help to boost risky assets like cryptocurrencies like BTC, ETH, ADA, and XRP.
The most likely catalyst for these cryptocurrencies is the upcoming Federal Reserve interest rate cuts and the recent Paul Atkins confirmation.
Analysts expect the Federal Reserve will cut interest rates three times, which is a bullish sign for crypto coins.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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