Cryptocurrency prices have remained under pressure this week as concerns about tariffs remain. Another potential less-discussed risk is the soaring US debt, which has surged to $36.58 billion. This article looks at some of the top crypto tokens to buy ahead of the $50 US Debt refinancing.
Crypto Tokens to Buy Ahead of US $50 Trillion Debt Refinancing
The US public debt is surging, which may continue as Trump boosts spending and focuses on more tax cuts. Public data shows that US debt worth $9.25 trillion will mature this year and need refinancing. This debt is equivalent to about 25.6% of the total public debt.
The refinancing will happen at a time when interest rates have fallen but remain high in the historical context. The Economic Policy Center estimates that June will be the key month to determine the refinancing date in 2025.
A likely situation is where volatility in the stock market keeps rising ahead of this event. And with US public debt expected to hit $50 trillion in 2034, there is a likelihood that this volatility will continue.
Some of the best crypto tokens to buy ahead of the debt refinancing will be Polkadot (DOT), PEPE (PEPE), and Chainlink (LINK).
Polkadot (DOT)
Polkadot is one of the top crypto tokens to buy because of its resilient technicals and strong fundamentals. The weekly chart shows that DOT price has formed a small falling wedge in the past few weeks. This pattern is made of two descending and converging trendlines that are nearing their confluence now.
Further, Polkadot price has formed a quadruple bottom as it has resisted moving below the key support at $3.742. Therefore, a combination of the falling wedge, quadruple bottom, and the upcoming Polkadot 2.0 upgrade, means that the coin will bounce back later this year.
A jump to last year’s high means that it will need to rise by about 170% from the current level. This view will become cancelled if bears prevail and push it below the support at $3.74.
Polkadot Price Chart
Chainlink (LINK)
Chainlink is one of the top crypto tokens to buy ahead of the debt refinancing. It has strong fundamentals since it is the biggest oracle network in the crypto industry. It is also one of the top players in the Real World Asset (RWA) tokenization industry.
Technically, the LINK price has formed a giant megaphone pattern, which comprises two ascending and diverging trendlines. Chainlink price has just dropped to the lower side of the wedge, pointing to more upside over time. The bullish LINK price forecast will become invalid if it drops below the lower side of the megaphone.
Chainlink Price Chart
Pepe (PEPE)
Pepe is also one of the top crypto tokens to buy ahead of the US debt refinancing. It has formed a giant double-bottom pattern at $0.00000593, whose neckline is at $0.00002833. A double bottom is one of the most popular bullish reversal patterns in technical analysis.
Pepe has also been forming a falling wedge pattern since December last year. Popular oscillators like the Relative Strength Index (RSI) and MACD have formed a bullish divergence pattern. Therefore, the coin will likely rally, with the initial target being at $0.000014, the lowest swing in December. A drop below the double-bottom level will invalidate the bearish Pepe price prediction.
Pepe Price Chart
Summary
The upcoming US debt refinancing may lead to substantial volatility in the crypto market. Positioning yourself well with top blue-chip crypto coins like Pepe, Chainlink, and Polkadot is one of the best ways to be prepared.
The post 3 Crypto Tokens to Buy as $50 Trillion US Debt Refinancing Date Approaches appeared first on CoinGape.
