A crypto bull run could be about to start as the Fear and Greed Index continues rising and spot Bitcoin ETF Inflows accelerate. This article explores some of the best crypto to buy if this bull run happens.
HYPE is the best crypto to buy today
Hyperliquid’s HYPE token is one of the best crypto to buy today, helped by some of its top fundamentals.
It has become the biggest player in the perpetual futures industry, handling close to $200 billion in volume a month.
Its monthly volume has surpassed that of top players in the crypto industry like Uniswap and PancakeSwap, combined.
Hyperliquid has also become one of the most profitable players in the crypto industry, making over $50 million in fees in the last 30 days.
The platform will likely keep growing in the coming months because of the upcoming launch of Outcomes, its prediction platform that will start competing with the likes of Polymarket and Kashi.
The other potential catalyst for the HYPE token is the upcoming ETF launch by top companies like 21Shares and Grayscale. These funds will lead to more demand from American investors. HYPE price has already doubled from its lowest level in January.
Morpho token may jump as growth continues
Morpho is another top coin to buy today. It has already jumped by nearly 100% from its lowest level this year, helped by its strong fundamentals, including the partnerships with Apollo Global and Coinbase.
The network’s total value locked (TVL) has jumped to $6.9 billion as demand for crypto loans has continued rising.
The daily timeframe chart shows that Morpho token price has jumped in the past few months, moving from a low of $0.9720 in February to the current $1.8965.
Morpho token has remained above the end 50-day and 100-day Exponential Moving Averages, while the Supertrend indicator has turned green.
Therefore, the coin will likely continue rising if it moves above the key resistance level at $2.0740. Moving above that level will invalidate the double-top pattern.
Morpho price chart | Source: TradingView
Bitcoin is a must-have coin to buy
Additionally, Bitcoin is one of the best coins to invest in today. It has some highly bullish technicals, including the ascending triangle pattern and flipping the Supertrend indicator from red to green.
Bitcoin’s Relative Strength Index (RSI) and the MACD indicators have continued rising this week, a sign that it is gaining momentum.
At the same time, demand continues rising this month, with whales continuing to accumulate and spot Bitcoin ETF Inflows rising. These funds have now added over $1.8 billion this month, higher than the $1.3 billion it added last month.
Bitcoin has a long track record of success after it jumped from near zero in 2009 to $78,000 today. This surge was not linear. Instead, it had some major drawdowns, which always led to a strong rebound.
The post Best crypto to buy today ahead of the cryptocurrency bull run appeared first on Invezz