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Top Insights
- The best crypto to buy now are XRP, Solana, and Chainlink.
- XRP price has strong technicals, and there are odds that the SEC will approve spot ETFs.
- Chainlink price is benefiting from the ongoing growth in the RWA industry and the LINK Reserves.
- Solana price has major SOL ETF approval and technical tailwinds.
Crypto prices started the week on a strong note, with Bitcoin rising to $112,200 from last week’s low of $108,455, and the market capitalization of all tokens nearing the significant milestone of $4 trillion. This article explores some of the best crypto to buy now as the industry turns bullish.
Best Crypto to Buy Now as Q4 Starts
The cryptocurrency market is expected to perform well in the coming weeks as the fourth quarter begins. Historically, this is typically the best-performing quarter for the industry in a year, with an average Bitcoin return of 84%.
Several key catalysts are expected to drive the next crypto bull run, including Federal Reserve interest rate cuts and the upcoming approval of crypto ETFs. Therefore, some of the best crypto to buy now are Solana (SOL), Ripple (XRP), and Chainlink (LINK)
XRP Price Has Numerous Bullish Catalysts
XRP is one of the best crypto to invest in today because of its strong catalysts that will drive its price higher as the fourth quarter starts.
The most notable catalyst for the XRP price is the Securities and Exchange Commission’s opening of doors for crypto ETF approvals. Companies like Bitwise, Franklin Templeton, and Invesco have all filed with the SEC for XRP ETFs, and there are rising odds that it will approve them in October.
Analysts at JPMorgan and the CEO of Crypto.com believe that the spot XRP ETFs will receive a whopping $8 billion in inflows in the first year of launch. That will be a substantial amount, considering that Ethereum ETFs have had about $13 billion in inflows 13 months after launch.
XRP price has formed several highly bullish chart patterns, including a cup-and-handle, a bullish flag, and a falling wedge, indicating a strong breakout to its all-time high.
Solana (SOL)
Solana is another top cryptocurrency to buy today for significant gains in the coming weeks, driven by its strong catalysts.
Like XRP, many companies have filed for spot SOL ETFs, which will likely be approved in October. There are indications that these ETFs will also experience substantial inflows in their first year.
A notable example is the REX-Osprey SOL Staked ETF (SSK), which has attracted significant investment since its launch, accumulating over $330 million in assets under management.
The Solana price is expected to rebound due to the upcoming Alpenglow upgrade, which will introduce new features to the network. Some of these features include the migration from the current proof-of-authority model to the proof-of-staking approach, a significant increase in transaction speed, and adjustments to the fees paid by validators.
Solana price will also benefit from the ongoing accumulation by treasury companies like Sol Strategies and Upexi. This increased buying is important as it is leading to more demand from companies with millions of dollars in assets.
SOL price also has strong technicals as it has formed a giant megaphone pattern, which often leads to a strong bullish breakout over time.
Chainlink (LINK)
Chainlink is another top crypto to buy today for big returns in the coming weeks. It has numerous catalysts, including its growing market share in the real-world asset tokenization industry, where it offers the Cross-Chain Interoperability Protocol (CCIP).
The network also has a strong market share in the oracle industry, where it has a total value secured (TVS) of over $60 billion, much higher than its competitors like Redstone and Chronicle.
Chainlink has notable partnerships with top companies like JPMorgan, UBS, and Swift. Its network is used by most of the largest chains, including Ethereum, Sui, and Aptos.
Chainlink has also unveiled its LINK strategic reserves, which now holds tokens worth over $7.9 million.
Other Top Cryptocurrencies to Buy
There are other quality cryptocurrencies to consider for substantial profits in the fourth quarter, as the Federal Reserve reduces interest rates and regulations in the United States improve. Some of the most notable tokens are Hedera Hashgraph (HBAR), Orderly (ORDER), and Avantis (AVNT).
