Solana has successfully reclaimed the $150 mark, and Cardano is approaching $1, but smart investors are eyeing bigger returns on other altcoins.
At press time, Solana is trading at $154.5, resulting from a 5.2% gain today and a 14.3% gain this week. It currently trades at its highest price since early March.
Cardano trades at $0.72, up 6.3% today and 16.7% this week. Like Solana, Cardano is trading around its highest prices since March.
Crypto investors are regaining optimism after a deep selloff that began in January. For seasoned traders who navigate the market correctly, there’s an opportunity for huge gains right now.
To help traders identify these opportunities, we’ve compiled a list of the best altcoins to buy now. Read on to find our top picks.
Ondo
Ondo is a real-world assets protocol that allows users to buy tokenized assets such as stocks, bonds, and commodities on-chain. It also features a yield-bearing stablecoin, USDY, which is backed by US treasuries.
Thanks to a shifting regulatory environment, financial institutions are racing to adopt cryptocurrencies and blockchain technology. With a focus on asset tokenization, Ondo is one of the projects set to benefit the most as institutions enter the industry.
It’s one of the top-performing cryptos today with a 17% gain. However, it remains 52% below its all-time high (ATH) from four months ago, leaving plenty of room for growth.
Some of Ondo’s benefits include support for 10 blockchains, $1 billion total value locked (TVL), and an 80% market share in the yield coin sector.
Solaxy
Solaxy is building the world’s first Solana layer 2 blockchain. The Solana ecosystem is thriving right now, with on-chain activity reaching new heights and prices soaring.
While the $SOL price is up 14% this week, many of its ecosystem tokens, including ai16z, AI Rig Complex, and Zerebro, are up over 100%.
Solana’s main battle right now is maintaining network health. That’s because it often faces congestion issues during peak activity periods, like the one it’s heading into now. As such, Solaxy will provide a much-needed helping hand.
Its layer 2 blockchain will process transactions in bundles, making it cheaper, faster, and more reliable than the Solana layer 1 chain.
Solaxy is undergoing a presale and has raised over $31 million so far.
The early strength of the $SOLX presale indicates that the token could continue to be a top performer once it hits exchanges.
Sui
Sui is experiencing immense levels of adoption right now, with over a 30% increase in TVL and DEX volume this week.
But beyond retail user interest, institutions have also begun to eye the project. Asset manager Canary Capital filed a Staked SEI ETF in Delaware on 24 April, which, if approved, would make Sei one of the few crypto assets to have a regulated staking product.
The move signifies institutional interest, which is a driving force behind the current market-wide crypto bullish sentiment.
And factoring in that on-chain metrics point to growth, Sei’s fundamentals are stacked for continued bullish momentum in the coming months. Moreover, it’s currently the best-performing top 100 crypto, gaining 23% today.
Raydium
Raydium is the leading decentralized exchange on the Solana network. However, the platform has recently expanded its operations and created a meme coin launchpad, which allows anyone to start a new crypto project in seconds.
Raydium’s LaunchLab will be a direct competitor to Pump.fun, a Solana-based meme coin casino which cashed out hundreds of millions of dollars in revenue during the last leg of the meme coin season.
But unlike Pump.fun, which doesn’t have a token, investors can directly speculate on LaunchLab’s performance through $RAY.
Given Pump.fun’s lucrative revenue stats, we could well see strong demand for $RAY in the months ahead.
It currently trades at $2.7 and has gained 11% today and 23% this week, well outpacing the market average.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.