Cryptocurrency prices held steady on Monday as investors reacted to the ongoing US and China trade talks. They also jumped after the Securities and Exchange Commission (SEC) held a roundtable on decentralized finance. This article looks at the best crypto to buy after this roundtable today.
Best Crypto to Buy After the SEC Roundtable
The SEC held the first roundtable focused on DeFi on Monday. In it, Chair Paul Atkins reaffirmed that the right to self-custody of crypto was a foundational American value. He said:
“The right to have self-custody was of one’s private property is a foundational American value that should not disappear when one logs into the internet.”
His statement could boost cryptocurrencies, including those in areas like decentralized finance (DeFi) and stablecoins. Some of the best crypto to buy after the roundtable are Hyperliquid (HYPE), Bitcoin Pepe (BPEP), and Bittensor (TAO).
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Hyperliquid (HYPE)
Hyperliquid is one of the best cryptos to buy because of its staking yield and the growing market share in the trading industry. HYPE boasts a staking yield of nearly 3% and a staking market capitalization of over $15 billion.
Hyperliquid’s growth has been accelerating in the past few months as demand for decentralized perpetual futures has risen. Data shows that its 30-day volume jumped to $243 billion, surpassing the combined volume of other platforms. This growth is likely to continue as the number of users increases.
Technically, the HYPE token price has jumped from a low of $9.3787 on April 7 to $37 today. It has remained above the 50-day moving average and is attempting to move above the resistance level at $39.96, its all-time high.
Moving above that level will likely lead to further gains, potentially reaching the psychological level at $50.
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Bittensor (TAO)
Bittensor is another top crypto to buy for big gains. It has a staking yield of 17.2%, meaning that a $10,000 investment will bring in $1,700 in annual returns. It is also a top utility token because of its role in the artificial intelligence industry.
Technically, the TAO token price bottomed at around $196.52, forming a giant double-bottom pattern with a neckline at its all-time high of $747.
TAO has recently formed a bullish flag pattern, comprising a vertical line and a descending channel that resembles a hoisted flag. Therefore, the token is likely to rebound as bulls target last month’s high of $488, which is 20% above the current level. A move above that level will signal more gains towards $500.
Bitcoin Pepe (BPEP)
Meanwhile, Bitcoin Pepe is another top crypto to buy as the countdown to the listing announcement date continues. It has already raised over $14 million from investors, and the trajectory is accelerating.
Market participants have embraced Bitcoin Pepe because of what it seeks to achieve. It aims to make Bitcoin a major player in the meme coin industry, which is now valued at over $70 billion.
Bitcoin Pepe is building a layer-2 blockchain that will be powered by Bitcoin, the most popular crypto in the industry. This is not a new concept as chains like Stacks and Core have already built Bitcoin layer-2 networks.
The only difference is that Bitcoin Pepe will introduce PEP-20, which will enable users to launch meme coins in Bitcoin. Its chain will have instant transactions and ultra-low speeds, making it highly accessible to most people.
Other Top Altcoins to Buy
There are many other blue-chip altcoins to buy after the SEC roundtable. The most notable ones are Polkadot (DOT), Solana (SOL), and Tron. Tron price has a large market share in processing stablecoins, while Solana leads in the meme coin industry. The Polkadot price is driven by strong fundamentals and technicals.
