The crypto bull run is here, with Bitcoin and Ethereum hovering near their all-time highs and the market capitalization of all coins hitting $4.13 trillion.
Summary
Bitcoin and Ethereum are near all-time highs, with the crypto market cap hitting $4.13 trillion. Altcoins like Tron, Maple Finance, and Stellar Lumens are showing strong fundamentals and bullish technicals. TRX leads in Tether volume, SYRUP boasts $2 billion in DeFi TVL, and XLM signals a breakout with a golden cross. It is likely that the rally will continue for a while as the Federal Reserve starts cutting interest rates and the Securities and Exchange Commission approves some altcoin ETFs. This article looks at some of the best blue-chip altcoins to buy now to take advantage of the ongoing crypto bull run. Some of the top ones to consider are Tron (TRX), Maple Finance (SYRUP), and Stellar Lumens (XLM).
1. Tron
Justin Sun’s Tron is one of the best altcoins to buy today because of its strong fundamentals. It is the biggest processor of Tether (USDT), handling billions of dollars a day. This has made it one of the most profitable chains in the crypto market, generating over $4 billion a year. TRX price will benefit if the Securities and Exchange Commission approves spot ETFs by companies like Canary, Rex Shares, and Tuttle Capital. These inflows would be in addition to those from Tron Inc., which recently rebranded from SRM Entertainment. Tron is also one of the most deflationary tokens in crypto because of its daily burns, which have reduced its circulating supply. It has strong technicals as well, including the formation of a giant megaphone pattern, comprised of two ascending and diverging trendlines that often lead to more gains. Price has already moved above the upper boundary of this pattern.
2. Maple Finance
Maple Finance is another top blue-chip crypto to buy for significant potential gains in the near term. It has become one of the biggest players in decentralized finance, with a total value locked of over $2 billion, much higher than the $300 million it started the year with. Maple operates a platform where users can invest across its three funds to generate stable returns. It also offers the syrupUSDC token, which generates yield, and an institutional lending platform. SYRUP price has formed a bullish flag pattern, consisting of a vertical rally followed by a descending channel. This setup points to a potential rebound as investors buy the dip and fundamentals continue to strengthen.
3. Stellar Lumens
XLM is a good blue-chip altcoin to buy because of its strong technicals. It has formed a falling wedge pattern on the daily chart. This wedge formed after a strong surge, meaning it has created a bullish pennant pattern. Stellar price has also formed a golden cross pattern, as the 50-day and 200-day moving averages crossed each other. Therefore, the token will likely stage a bullish breakout to the 2024 high of $0.6357.