Cryptocurrencies are back. Data shows that Bitcoin has surged from the post-ETF approval low of $38,500 to a monthly high of over $46,000 and analysts believe that the bullish trend will continue in the coming months as the Bitcoin halving hype rise. They also jumped as American equities bounced back, with the S&P 500 index nearing $50,000. This article looks at the best crypto to buy today, with a highlight of ORDI, Solana, and Sui.
ORDI price forecast
In the past, Bitcoin price rally tends to have a positive impact on related coins. Some of the most related coins are Bitcoin SV, Ordi, and Stacks. In this case, Bitcoin SV does well because it is seen as an alternative to the main BTC. Stacks (STX) does well because its goal is to supercharge the development of dApps whose transactions are processed using Bitcoin.
ORDI, on the other hand, does well because of the growing market share of Bitcoin NFTs. Recent data shows that the total Odinals sales have jumped to over $2.2 billion. This makes it the second biggest player in the NFT industry after Ethereum.
Looking at the daily chart shows that the ORDI token price has mirrored that of Bitcoin in the past few weeks. It bottomed at $49.16 as Bitcoin retreated following the spot ETF approvals. It formed a small double-bottom pattern there and has now bounced back. It is also approaching the key resistance point at $63.38.
Therefore, the outlook for ORDI token is bullish, with the next key reference level to watch being at $92.08, its highest point this year. If this happens, it means that ORDI could jump by over 47% in the coming days. The main catalysts for this move will be the talk of halving and Fed cuts.
Solana price prediction
Solana is the other good crypto to buy today because of its strong fundamentals and technicals. Fundamentally, Solana has emerged as the best alternative to Ethereum, the biggest blockchain in the world. Its assets in DeFi are soaring as more developers switch to the network.
As I have written before, Solana has become an important player in the Decentralized Public Infrastructure (DePIN) industry as it hosts some of the biggest players like Helium and Hivemapper. It is also a big player in the tokenization and meme coins trend that is going on.
Technically, SOL price has formed a symmetrical triangle pattern and is now about to cross the upper side. The Percentage Price Oscillator has even moved above the neutral point. This means that it is just a matter of time before SOL breaks out and rises to the YTD high of over $120.
Sui price forecast
Sui has been one of the breakout stars in the crypto industry this year. Its token has surged to a record high as it diverged from Bitcoin and other coins. Most importantly, its activity in DeFi has been great as the total value locked (TVL) has jumped to over $550 million.
Technically, the coin recently moved above the key resistance point at $1.44, the highest swing on January 15th. It has also remained above the 50-day moving average. The risk is that the PPO indicator is forming a bearish divergence while the coin has formed a double-top pattern. Therefore, more gains will be confirmed if it moves above the double-top level at $1.660.
Which are the other best crypto to buy?
There are other crypto worth buying today. Some of the most notable names are BitTorrent (BTT), Stacks, Pyth Network, and THORChain. BitTorrent has surged by more than 34% in the past 24 hours as transactions in the network rose. Stacks is seen as a good Bitcoin proxy because it is a layer-2 network for the ecosystem. Pyth Network is one of the fastest-growing oracle networks in the industry.
