A crypto bull run could be on the way as trade tensions ease, the US labor market cools, Federal Reserve interest rate cut hopes rise, and Bitcoin makes a bullish breakout. This article lists some of the best crypto to buy for 5x gains if this bull run happens.
Top Catalysts for a Crypto Bull Run
There are a few catalysts that may stimulate a crypto bull in the second half of the year. First, there are signs that the trade war initiated by Donald Trump earlier this year is coming to an end. The US has already reached deals with the UK, China, and Vietnam.
Second, there are signs that the labor market is softening, which may push the Federal Reserve to cut interest rates soon. The prevailing view is that the bank will cut rates in September and maintain the trend for a while. Historically, cryptocurrency prices tend to perform well when the Fed is cutting interest rates.
Third, the US is about to pass Donald Trump’s “Big Beautiful Bill”, which extends his tax cuts and introduces many more like on tips and overnight pay. Some of these savings will find their way to the crypto market.
Finally, and most importantly, as the chart below illustrates, Bitcoin is poised for a strong bullish breakout. If this happens, the coin may surge to over $115,000 this week and potentially reach even higher levels later this year. A strong Bitcoin breakout will trigger a crypto bull run as altcoins follow.
Best Crypto to Buy Ahead of the Market Rally
Some of the best crypto tokens to buy ahead of the market rally are Polkadot (DOT), Quant (QNT), and Bitcoin Pepe (BPEP).
Polkadot (DOT)
Polkadot is a top-layer 1 network founded by an Ethereum co-founder. It is a good crypto to buy for 5x gains because of its strong technicals and fundamentals. The most notable fundamental is that it is in the final stage of the Polkadot 2.0 upgrade that will make it a better chain for developers.
The chart below indicates that the Polkadot price has formed a double-bottom pattern at $3.28, with a neckline at $5.40. Therefore, a bullish reversal may initially push the coin to $5.39, representing a 50% increase above the current level. A break above that level will push it to the 50% retracement point at $ 7.50, which is 110% higher than the current level.
Quant (QNT)
Quant is another top crypto to buy for huge gains. QNT is focused on industries like CBDCs, stablecoins, and real-world asset tokenization. Its overledger technology is used by companies like Oracle and organizations like the European Central Bank (ECB).
The daily chart shows that the QNT price has formed a cup-and-handle pattern, a popular bullish continuation sign. It is now in the process of forming the handle section.
A move above the cup’s upper side will point to more gains, potentially to $180. This target is derived by measuring the cup’s depth and then the same distance from its upper side. It is about 200% above the current level.
READ MORE: Here’s Why Circle Stock Price Has Crashed and What Next
Bitcoin Pepe (BPEP)
Bitcoin Pepe is another top altcoin to buy for huge gains in the coming months. Its main difference with QNT and DOT is that it is yet to be listed, making it an opportunistic purchase.
Bitcoin Pepe is currently priced at $0.0437 in the presale phase, with the next price increase set for $0.0458. The price will keep going up ahead of the airdrop, which will likely happen in August this year.
Bitcoin Pepe is thriving due to its innovative approach to disrupting the meme coin industry. It will achieve this by launching a layer-2 network on Bitcoin, making it easier for developers to launch these tokens. Learn how you can buy BPEP here.
READ MORE: XRP Price Prediction: Technical Analysis Points to a Surge
