Altcoins surged on Monday following Donald Trump’s announcement of a plan to create a Strategic Crypto Reserve, including coins such as Ripple (XRP), Solana (SOL), Bitcoin (BTC), Cardano (ADA), and Ethereum (ETH). He hopes these coins will make the US the crypto capital of the world.
Crypto prices may also soar ahead of the impending Trump crypto summit scheduled for this Friday. This summit will feature prominent names in the crypto industry, including representatives from companies like Coinbase and Gemini.
Altcoins to Buy Ahead of Trump Crypto Summit
Some of the top altcoins with solid fundamentals to buy in anticipation of the Trump crypto summit are: Hedera Hashgraph (HBAR), Chainlink (LINK), and Tron (TRX).
Hedera Hashgraph (HBAR)
Hedera Hashgraph is one of the top altcoins to buy in anticipation of the Trump crypto summit. It has already surged from last week’s low of $0.1782 to near $0.30. This surge happened after Hedera partnered with Swift, and there is a possibility that the SEC will approve a spot HBAR ETF later this year.
HBAR price soared after forming a double-bottom pattern at $0.1782 after it formed a falling wedge chart pattern. The coin has moved above the 38.2% Fibonacci Retracement level and the 50-day moving average. Therefore, the coin may soon surge to the next key resistance level at $0.40, up by 52% from the current level.
Chainlink (LINK)
Chainlink is another crypto to buy in anticipation of the Trump summit. It is one of the leading cryptocurrencies in Donald Trump’s World Liberty Financial portfolio, and one of the biggest utility networks in crypto.
Chainlink’s value lies in the oracle solutions it provides to other blockchains such as AAVE, Uniswap, and Compound. It also derives its utility from the cross-chain interoperability protocol (CCIP), which has an integral role in the Real World Asset (RWA) tokenization industry.
Chainlink price also has strong technicals. The recent LINK price crash was likely part of the formation of the cup and handle pattern, a popular bullish sign. It has now bottomed at the lower side of the descending channel, suggesting a potential comeback, with the price potentially reaching the upper side at $20.
READ MORE: Litecoin Price Prediction: Is LTC On the Verge of a Parabolic Move?
Tron (TRX)
Tron is one of the best altcoins to buy in anticipation of Donald Trump’s crypto summit. World Liberty Financial holds TRX tokens worth over $2 million, and the SEC has ended its lawsuit against Justin Sun.
As predicted, Tron has some of the best features in the crypto industry. It is highly profitable, handles the most Tether transactions, is aggressively burning tokens, and has a high staking yield.
Tron’s price has formed a symmetrical triangle pattern and has already breached its upper boundary. Therefore, the coin will likely have a bullish breakout and retest the key resistance point at $0.3200, the 38.2% Fibonacci Retracement point, about 30% above the current level.
Other top crypto to buy
Some of the other crypto coins to buy ahead of the Trump crypto summit are those in the WLFI portfolio, including Ondo Finance, Move, and Morpho.
READ MORE: Top 3 Altcoins That Could Make You a Crypto Millionaire by 2030
Disclaimer:
The information provided in this article is for informational and educational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are highly volatile and carry significant risk, so do your own research.
