The crypto bull run has started, with Bitcoin sitting at a record high and most altcoins soaring. There is also a possibility that the altcoin season will start, as Arthur Hayes predicted it would start if Bitcoin hits $110,000.
This article looks at the best blue-chip altcoins to buy and ride the crypto market bull run for maximum returns.
Best altcoins to buy as the crypto bull run starts
With Bitcoin price being in a strong bull run, altcoins will likely do well as the fear of missing out resumes. The best altcoins to buy are those with strong momentum, fundamentals, and technical patterns. Some of the top ones to buy are Monero (XMR), Solana (SOL), Ripple (XRP), and Pepe (PEPE).
Monero (XMR)
Monero is the biggest player in the privacy crypto industry with a market cap of over $7.5 billion. It has the most momentum this month as its price jumped to near $400, its highest point since May 2021.
XMR price has jumped in the last seven consecutive weeks and is focused on hitting its all-time high of $517.35. It has jumped as investors cheer a court ruling in the United States that found the government erred when it sanctioned Tornado Cash, a crypto mixer.
This ruling led to a surge in privacy coins as it showed that they may avoid legal scrutiny. Therefore, there is a likelihood that some exchanges that delisted Monero will relist as its price surges. The price target for XMR price is $517, up by 30% above the current level.
Solana (SOL)
Solana will be one of the top beneficiaries of the next crypto bull run because of its vibrant meme coin ecosystem. All meme coins in the network are valued at over $14 billion, with the biggest ones being the likes of Official Trump (TRUMP), Bonk (BONK), Fartcoin, and Dogwifhat.
Solana’s network thrives when there is a boom in its ecosystem as happened in January following the launch of Official Trump meme coin. SOL also has other catalysts, like the potential approval of spot SOL ETFs and the fact that some companies like Janover and Upexi have started to accumulate the coin.
Ripple (XRP)
XRP is another top blue-chip coin to buy and hold in the next crypto bull run. It has numerous catalysts that will help to push it higher over time.
The most obvious one is that the SEC will likely approve spot XRP ETFs soon, allowing Wall Street money to flow into the coin. Further, Ripple Labs is in talks to acquire Circle, the creator of USD Coin, the second-biggest stablecoin globally.
Ripple also aims to become a major disruptor in the payment industry that Swift now dominates. All these factors will make it a top cryptocurrency to buy when the crypto bull run starts.
Pepe
Pepe is another top altcoin to buy for the next bull run in the crypto market. It has become the third-biggest meme coin in the crypto market and one of the most actively traded.
On top of this, it has some of the best technicals, as the chart above shows. It recently formed a giant double-bottom pattern at the lowest level this year.
Pepe has also formed a bullish pennant pattern and is about to form a golden cross as the 50-day and 200-day moving averages have crossed each other. Therefore, the coin will likely continue rising and possibly retest the all-time high if the bull run gains steam.
Some of the other altcoins to invest in during the ongoing crypto bull run are Chainlink, Hedera Hashgraph, Fartcoin, and Popcat.
The post Top 4 blue-chip altcoins to buy as the crypto bull run starts appeared first on Invezz