U.S. inflation cooled off last month, with prices rising 3.3%, down 0.1% sequentially. More importantly, core inflation also decelerated, hinting at easing pricing pressures. Nevertheless, the Federal Reserve remains cautiously optimistic, maintaining interest rates for now while signaling potential rate cuts later this year. Hence, with economic trends improving, it’s an opportune time to consider moonshot cryptos to buy.
That said, here are three top cryptos to buy, offering robust upside potential apart from the usual suspects. The first is the face of the meme coin trend in Dogecoin (DOGE-USD), which maintains its enduring relevance. The next is Fantom (FTM-USD), an altcoin that’s witnessed robust traction over its new “sister” chain, Sonic and a hefty investment from a top crypto fund. Finally, we have Chainlink (LINK-USD), which jumped in value following its Depository Trust & Clearing Corporation (DTCC) partnership and mainstream traditional finance collaborations.
Dogecoin (DOGE)
Dogecoin remains one of the most relevant investments, consistently drawing investor attention since its inception. While some may dismiss it as a trivial investment, the lasting impact of meme investing through Dogecoin is tough to deny. The reality is that meme investing is here to stay, which makes Dogecoin one of the most relevant digital assets to buy.
Unlike its peers, DOGE thrives on a robust community base. Its vibrant, active community attracts attention to DOGE while improving its ecosystem through its proactive involvement. Nevertheless, it’s important to understand the fluctuations associated with a meme token like DOGE. Volatility can go both ways, which makes it imperative to gauge the risks before wagering on meme coins such as DOGE.
Nonetheless, its inflationary policy remains a key asset, improving its accessibility and usability and aligning with the community’s growth-oriented mantra. DOGE has enjoyed a stellar run-up in value this year, jumping upwards of 143%, and is up over 67% year-to-date (YTD). With a greater risk appetite, DOGE is one of the best cryptos to buy for the coming rally.
Fantom (FTM)
Fantom is a leading layer 1 blockchain provider that’s known for its scalability, speed, and decentralization. As a layer 1 blockchain portfolio, it plays a key role in streamlining transaction processing. Transactions are finalized on its network, while its unique consensus mechanism limits costs while boosting approval speeds.
FTM, like other leading altcoins, has enjoyed a stellar run in the past six months, gaining north of 89%. Moreover, a couple of catalysts led to a handsome spike in its value this year. Firstly, Fantom announced that Sonic, its “sister” chain, could potentially handle upwards of 180 million transactions daily.
Moreover, it received a healthy $10 million investment from the Korean crypto fund Hashed earlier this year. With its innovative improvements and strong financial backing, Fantom now has the impetus to continue capturing greater market share. The blockchain space is competitive, but FTM boasts multiple use cases to strengthen its competitive positioning in its niche.
Chainlink (LINK)
Chainlink is another top crypto to bull ahead of the expected bullish rally. Its platform essentially streamlines how data is absorbed in blockchain systems through decentralized oracles. These oracles essentially act as middlemen who securely pass data from external sources into the blockchain.
Moreover, they enable various blockchain applications to function effectively without needing an external party. Hence, it currently stands at the top of the heap regarding decentralized Oracle solutions, offering healthy upside potential. LINK enjoyed a spectacular run, gaining over 200% last year, but has been relatively muted in 2024.
The LINK token spiked in value after announcing partnerships with the DTCC and other large traditional financial institutions. These collaborations will significantly add to LINK’s credibility, thereby enhancing its acceptance in mainstream finance. Moreover, its robust position in the smart contracts space positions LINK as a vital cog in the blockchain ecosystem.
On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines
