Crypto prices may be ripe for a strong bullish breakout in the coming weeks as a hedge fund billionaire warns of a US dollar crash amid a dovish Federal Reserve. This article explores some of the best crypto to buy if this prediction is accurate.
Paul Tudor Jones Warns on the US Dollar
Billionaire Paul Tudor Jones, who accurately predicted the housing bubble, believes that the US dollar index will crash by 10%. He argues that the Federal Reserve will ultimately turn dovish either later this year or in 2026 when Donald Trump removes Jerome Powell as Chair of the Federal Reserve of the United States and replaces him with another person.
As we wrote recently, Trump is considering Scott Bessent to be the next Fed Chair. Bessent has supported Trump’s call for lower interest rates. According to Paul Tudor Jones,
“You know that we are going to cut short-term rates dramatically in the next year. And you know that the dollar will probably be lower because of it. A lot lower because of it.”
A weaker US dollar and a dovish Fed would likely boost riskier assets, such as cryptocurrencies. As such, some of the best ones to buy are AAVE, Bitcoin Pepe, and Flare.
AAVE (AAVE)
AAVE is one of the best crypto to buy because of its strong fundamentals and technicals. It is the biggest player in decentralized finance (DeFi) with over $27 billion in assets under management.
AAVE has gone through several real-world stress tests and survived. The most notable ones were the brief crash in 2020, the post-Terra and FTX crashes, and the huge dive earlier this year.
Technically, the AAVE price has formed a golden cross as the 50-day and 200-day moving averages crossed each other. All oscillators are pointing upwards, while the ADX is at its highest level in months. This price action suggests a strong surge, potentially reaching last year’s high, which is approximately 28% above the current level.
READ MORE: Here’s Why the AAVE Price Will Jump to $400 Soon
Flare (FLR)
Flare is another top crypto coin to buy and hold for big gains. It is a fast-growing layer-1 network that has gained traction of late. Its total value locked (TVL) has jumped to a record high of $185 million, with most of its assets being in SparkDEX, Kinetic, Sceptre Liquid, and ClearPool.
Technically, as the chart below shows, the token has formed a falling wedge pattern. A wedge comprises two descending and converging trendlines and often leads to a strong bullish breakout.
The falling wedge pattern is happening after a big surge, signaling that it may be a bullish flag pattern. Therefore, the token is likely to lead to a strong bullish breakout to $0.02220, the highest point reached in May.
Bitcoin Pepe (BPEP)
The other top crypto to buy is Bitcoin Pepe, a popular project currently in its presale. It has already raised over $14 million in funds in the past few weeks.
Bitcoin Pepe aims to become a major player in the meme coin industry. Its goal is to be the biggest layer-2 network in the Bitcoin ecosystem. In this, it aims to facilitate instant transactions, ultra-low fees, and also adhere to a new PEP-20 standard.
The next catalyst for the BPEP token is expected to occur within the next five days. In this, the developers will announce the token listing date. Hurry up and buy Bitcoin Pepe here.
