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As a seasoned crypto analyst with over a decade of experience in this ever-evolving digital frontier, I find myself consistently intrigued by the potential of these innovative projects that are transforming our financial landscape. The recent dip in altcoin prices, followed by their rebound, presents an opportune moment to delve into some promising investments.

After experiencing a significant drop at the start of the week, altcoin prices have made a recovery. This resurgence coincided with Bitcoin holding steady around $100,000, sparking optimism that it may continue its upward trajectory. Given that the Crypto Fear and Greed Index has dipped to 74, here are some top altcoins to consider investing in now.

Best Altcoins To Buy And Hold

Top altcoins like Solana, Mantra, DexBoss, and Ripple are some of the best coins to buy and hold.

Solana (SOL)

One way to rephrase that statement in a more natural and easy-to-understand manner could be: “Solana is an excellent altcoin to invest in and keep due to its robust technical indicators and underlying value. From a technical perspective, it has developed a bullish flag pattern – this consists of a long upward trend followed by a smaller, horizontal trend that resembles a flag. This pattern is commonly seen as a continuation pattern.

The coin’s value has dipped and then checked its level at $210, a significant peak from earlier this year in March, while the price of Solana has surpassed the upper line (neckline) of the inverted head and shoulders chart pattern.

Consequently, it’s increasingly likely that the value of this coin will keep increasing in the short term. One prediction for Solana’s price suggests it could reach $4,000.

DexBoss (DEBO)

As an analyst, I’m excited about the potential of the emerging cryptocurrency project, DexBoss. Currently in its presale phase, it has already managed to garner significant interest from investors, amassing over $133,000 so far. This positive trend is expected to grow stronger as we move forward.

Developers are currently creating a peer-to-peer trading platform, known as DexBoss, which enables users to purchase multiple tokens with minimal price discrepancy. Unlike traditional exchanges, DexBoss stands out by offering cross-chain compatibility, sophisticated charting tools, and a focus on decentralized investment solutions.

It’s possible that the DEBO token’s behavior could resemble that of well-known platforms such as Uniswap and Raydium. If you’re interested, you can purchase the DEBO token from this location.

Mantra (OM)

Mantra is another best crypto to buy and hold. It has already jumped by over 4,000% this year, bringing its market cap to over $3 billion. This rally happened as the concept of real world asset (RWA) tokenization. The trend gained momentum after the developers launched the Mantra Chain recently.

From a technical perspective, the chart for Mantra indicates a developing bullish pennant formation, which is often seen as a signal for further growth. Consequently, it’s possible that the price of this coin may continue to increase, potentially reaching a short-term goal at $5 and later aiming towards a long-term objective at $10, a significant psychological level.

Ripple (XRP)

Ripple is another good altcoin to buy and hold. The XRP token has already soared by over 500% in the past few weeks and has more catalysts ahead. It has already received the approval of launching the RLUSD stablecoin, which could be a game changer in the crypto industry. 

Ripple’s ongoing legal disputes with the SEC might be resolved, allowing for a possible future IPO by the company. Additionally, chances are high that an XRP-based exchange-traded fund (ETF) could emerge, potentially boosting investor interest in this digital asset.

The price of XRP appears to be shaping as a ‘bullish pennant’, hinting at a powerful surge that may push it towards $5 during this ongoing cryptocurrency market uptrend.

Summary On The Best Crypto To Buy

Among the top options for long-term investment in the altcoin market are XRP, Mantra, Solana, and DexBoss. Additionally, you might want to explore other promising altcoins such as Cardano, Hedera Hashgraph, and Chainlink.

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2024-12-11 20:50