Crypto prices may be on the cusp of a big breakout as top crypto exchanges like Gemini and Kraken initial public offerings (IPO) nears. These IPOs will likely happen soon following the blockbuster Circle listing. This article highlights some of the best crypto to buy ahead of these IPOs.
Gemini and Kraken IPOs are Nearing
The biggest crypto story of the week was the Circle initial public offering, which was highly oversubscribed. The stock has surged by over 200%, making it a $20 billion company.
The IPO will likely lead to more listings for companies in the crypto industry. Kraken, the second-biggest crypto exchange in the US, has already hinted that it will go public either this year or next year now that the SEC has dropped its charges against it.
Gemini, the exchange owned by the Winklevoss twins, filed for a listing with the SEC. This means that the exchange may go public as soon as in the second or third quarter.
Some of the best crypto to buy and hold for big gains are BNB, Bitcoin Pepe, and Solana.
BNB Price Has Formed a Cup and Handle Pattern
Binance Coin, popularly known as BNB, is one of the best crypto to buy because of its strong technicals and fundamentals. Fundamentally, it is the biggest blockchain by total value locked (TVL) and stablecoin assets. It has also become the biggest player in decentralized exchanges, where its volume has surged.
BNB is also highly deflationary because of its two types of token burns. The first token burn involves its gas fees, while the other one is on its block rewards. Altogether, it burns tokens worth over $1 billion a quarter.
BNB price has also formed a giant cup-and-handle pattern on the weekly chart. The cup has a depth of about 70%, while the coin is now forming the handle section.
Therefore, a 70% surge from the cup’s upper side of $678 brings the target price to over $1,100.
Read more: Cardano Price Prediction: Top 4 Reasons to Sell ADA Today
Solana Price Breakout Faces Major Hurdle
Solana is another top crypto to buy because of its strong market share in the meme coin and decentralized public infrastructure (DePIN) industries. It will also see more gains as the Securities and Exchange Commission (SEC) approves spot ETFs.
Like BNB, Solana has also formed a giant cup and handle pattern whose depth is about 96%. Measuring this distance from the upper side will bring the target price to over $500.
Read more: Ripple ETF Inflows Hit Record Low—What’s Next for XRP Price?
Bitcoin Pepe: A Key Disruptor in the Meme Coin Industry
Meanwhile, Bitcoin Pepe, a crypto project currently in its presale, is one of the best cryptos to buy, offering substantial upside in the coming weeks. This explains why it has gone viral and attracted substantial investments.
Bitcoin Pepe aims to do to Bitcoin what layer-2 networks like Base and Arbitrum did for the Ethereum network. These layer-2 networks have become highly popular among investors because of their lower fees.
Bitcoin Pepe is built for meme coins, allowing developers to launch meme coins that leverage Bitcoin technology. It hopes that Bitcoin-based meme coins will be highly disruptive as the Ordinals disrupted the NFT space.
BPEP will unveil the date for exchange listings soon, which explains why its momentum has risen. Hurry up and buy Bitcoin Pepe here.
