Bitcoin and altcoins have come under intense pressure in the past few months as the rally we saw earlier this year faded. The optimism of the spot Bitcoin ETF has faded while the SEC lawsuits against Binance and Coinbase is a major issue.
Still, Bitcoin price has done well even as interest rates rise, pushing the 10-year and 30-year Treasury yields to the highest level in more than two decades. Some analysts, believe that there is room for more upside in the coming months. Here are the top altcoins to buy if this happens.
Filecoin (FIL)
Filecoin price has been under pressure in the past few weeks. It has crashed from last week’s high of $3.44 to a low of $3.2. It has also formed a double-top pattern, pointing to more downside in the near term.
Despite all this, Filecoin’s fundamentals are relatively strong. The network is the de-facto storage platform in the blockchain industry. At the same time, the developers are expanding the ecosystem.
They launched Filecoin Virtual Machine (FVM) a few months ago. FVM has become relatively popular as its DeFi TVL has jumped to over $80 million. This makes it much bigger than many old projects like EOS and Zilliqa. Uniswap recently voted to move to Filecoin’s ecosystem.
Filecoin is also moving deeper into cloud computing. The developers launched Filecoin Web Services (FWS), a tool that aims to be the decentralized version of Amazon AWS and Microsoft Azure.
Chainlink (LINK)
Chainlink price has also pulled back recently as the war in Israel continues and as bond yields have rebounded. Still, LINK price will likely rebound if there is a new crypto bull run because of its strong utility.
Chainlink has taken a pole position in several important industries. It is the biggest oracle network in the DeFi industry, where it powers the biggest players in the sector. Further, Chainlink has taken a pole position in the emerging tokenization industry.
Chainlink has made important partnerships with the likes of Swift, ANZ Bank, and other large companies in the sector.
Hedera Hashgraph (HBAR)
Hedera Hashgraph is a blockchain project that runs smart contracts. The network is known for fast execution speeds and low transaction costs. It has huge partnerships with key companies like Google, IBM, ServiceNow, and Tata.
And like Chainlink, Hedera Hashgraph is aiming to become a leading player in the tokenization industry. Just this week, Blade Wallet and Diamond Standard took a leap into tokenization by launching DIAM tokens.
Hedera Hashgraph has also launched Stablecoin Studio, a platform that provides developers with all tools they need to build their stablecoins. It is also the only blockchain project in the FedNow ecosystem. It also recently partnered with Flutterwave to bring cost-effective payments to Africa.
Other altcoins worth buying in the next crypto bull run are Stellar Lumens (LDO), Lido DAO (LDO), and Tron (TRX).
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