Most crypto coins continued firing on all cylinders on Thursday as the market reacted to Bitcoin’s brief retest of $100,000. This rebound could continue ahead of Donald Trump’s inauguration next week and as US core inflation drops. Let’s explore some of the best cryptocurrencies to buy as the bull run resumes.
Best Crypto Coins To Buy As BTC Hits $100k
Bitcoin jumped briefly above $100k on Wednesday after the US released encouraging inflation data. It also rose after reports that the Securities and Exchange Commission (SEC) was considering abandoning Gary Gensler’s policies. Some of the best crypto coins to buy are Sui, Hyperliquid, Raydium, and Shiba Inu.
Sui (SUI)
Sui is one of the best cryptocurrencies to buy because of its history of outperformance and its growing ecosystem. Its token has jumped by almost 1,200% from its lowest level in 2023, bringing its market cap to over $13 billion. It has become one of the biggest crypto chains with a total value locked (TVL) of $1.8 billion.
The Grayscale Sui Trust has also seen strong inflows, with over $14.5 million in assets today. Technically, the coin remains above all moving averages and has formed a series of higher highs and higher lows, pointing to more gains in the longer term. In a recent SUI price forecast, we estimated that it would surge to $10.
SUI Price Chart
Hyperliquid (HYPE)
HYPE is another top crypto coin to buy because of its strong market share in the perpetual futures trading industry. According to DeFi Llama, the network handled over $31.65 billion in perpetual futures derivatives in the last seven days. It has handled over $685 billion cumulatively, making it the biggest player in the industry.
Unlike most airdrops, HYPE price has done well as it soared by 122% from its lowest point in December. The most likely scenario is where the token surges by 50% and retests its all-time high of $35.15.
Raydium (RAY)
The Raydium token has soared by 350% from its lowest level in August last year as it became the most dominant player in the decentralized exchange industry. Raydum has now become a bigger DEX network than some of the oldest networks in crypto like PancakeSwap and Curve Finance.
It has also announced the strategic move to perpetual futures, where it will become a big competitor to companies like Hyperliquid and Jupiter. That launch will help to boost the RAY token price in the long term.
Shiba Inu (SHIB)
Shiba Inu is a good cryptocurrency to buy and hold during this crypto bull run. It continues to burn millions of tokens weekly, reducing the number of coins circulating. Shiba Inu’s Shibarium network also handles millions of transactions, a figure that will cross 800 million soon.
Technically, the coin has formed a falling wedge chart pattern, pointing to a potential rebound in the next few days. This pattern comprises two falling and converging trendlines; in most cases, a breakout usually happens when they near their confluence level.
Shiba Inu Price
Other Top Cryptocurrencies To Buy
There are other good cryptocurrencies to buy and hold are popular coins like Virtuals Protocol (VIRTUAL), Ethena, Hedera Hashgraph, and Solana.
The post Top 4 Crypto Coins to Buy as Bitcoin Hits $100,000 Again appeared first on CoinGape.
