The crypto market is doing relatively well this weekend, with Bitcoin and top altcoins like Solana and Ethereum rising by over 10% from their year-to-date lows. This rebound is happening after the Crypto Fear and Greed Index started rising, moving from 15 earlier in June to 26 today. This article looks at some of the best altcoins to buy to ride the recovery.
Why Hyperliquid (HYPE) Remains a Leading Altcoin Pick
The HYPE token has rebounded, moving from this month’s low of $61.58 to $71.45. It is quickly nearing its all-time high of $75.6 and is up by 247% from its lowest level this year.
Hyperliquid is a top altcoin because of its strong fundamentals. It has become the most active player in the crypto industry, handling over $200 billion in volume in the last 30 days. This growth has led to over $900 million in fees during this period, with the network directing these tokens toward burn operations.
HYPE token is also benefiting from the ongoing ETF accumulation. Its three ETFs have had over $298 million in inflows since their launch and now hold over $336 million in net assets. They have had just one day of outflows.
HYPE has strong momentum, while its platform is seeing significant traction among investors. As such, it is likely to continue doing well in the near term.
READ MORE: XRP Price Prediction as ETF Inflows and RLUSD Assets Jump
Venice AI Adoption Strengthens the Case for VVV
Venice AI is one of the top players in the crypto and AI space. It runs a platform that has become highly popular among users because of its advanced privacy features. Also, it makes it possible for people to search different AI models on one platform.
The platform’s website had over 10 million visitors last month, up sharply from earlier this year. More people are subscribing to its platform, leading to more token burns. It burned tokens worth over $241k last month, slightly higher than the previous month’s $237k. It has now burned 41.92% of the tokens in circulation.
Technically, the VVV token has formed a falling wedge pattern, pointing to an eventual rebound in the near term.
NEAR Protocol (NEAR) Combines AI, Privacy, and Technical Strength
Near Protocol token is another top crypto to buy today because of its strong fundamentals. It has become a key player in the crypto industry and is at the intersection of AI, privacy, and layer-1.
It runs Near AI, a top marketplace for AI agents. Near also runs a platform that enables users to send cryptocurrencies in a confidential manner. Its stablecoin market capitalization also continues rising this month.
Technically, the NEAR token remains above the 200-day moving average, a sign that bulls are in control for now.
READ MORE: Tesla Stock Price Analysis and Earnings Preview: Buy or Sell?
