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BNB (BINANCECOIN)
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pepe
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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
$104,754 2.84%
ethereum
Ethereum (ETHEREUM)
$2,687 9.34%
binancecoin
BNB (BINANCECOIN)
$667.42 1.32%
solana
Solana (SOLANA)
$182.26 6.62%
ripple
XRP (RIPPLE)
$2.57 2.60%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000016 6.86%
pepe
Pepe (PEPE)
$0.000015 11.47%
bonk
Bonk (BONK)
$0.000023 5.62%
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Best Altcoins to Invest in Today, May 13 - SUI, TON, ADA

Highlights:

  • SUI, TON, and ADA remain the best altcoins to invest in today amid market volatility.
    Toncoin nears a breakout from a descending channel, signaling a possible continuation of an upward trend.
  • Long-term optimism on ADA is boosted by Cardano whale accumulation and the recent Brave Wallet support.

The crypto market has seen a setback following the recent rally, which saw prices reverse the overstretched consolidation phase. The global market capitalization has dropped to $3.28 trillion despite a 45% surge in the 24-hour trading volume. In addition, the fear and greed index is at 71 index, which means the market sentiment is greedy.

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Amidst this broad market volatility, Bitcoin has dropped to the $102K region. Altcoins such as PI Network, which emerged as the best crypto gainer yesterday, have declined by 20%, dropping its price to the $1 mark. Despite the broad pullback, the dip always offers a chance of accumulating at low levels before another rally, so let’s take a look at the best altcoins to invest in today, such as SUI, Toncoin, and Cardano.

Best Altcoins to Invest in Today

1. SUI

SUI has been on a remarkable rally recently, recording a surge of 16% and 65% on its weekly and monthly charts, respectively. Following the latest market rally, the altcoin surged above the $4 mark and faced a rejection at the $4.30 level. As of this writing, it is exchanging hands at $3.91 with a market capitalization of $13 billion.

Best Altcoins to Invest in Today, May 13 - SUI, TON, ADA
Source: CoinMarketCap

A market analysis of SUI by crypto expert Ali Martinez reveals that the altcoin has strong upward potential. The price chart shows that SUI is also gaining traction and nearing the resistance level at $5.40. The price remains in the area around $4, which creates a lot of potential for gains if the momentum is maintained.

SUI has lots of room to grow, with the next major resistance at $5.40. SUI could be one of the best altcoins to invest in for investors searching for rewarding investments, based on the further price increases it can achieve.

2. Toncoin (TON)

Toncoin broke out of the descending pattern that had formed since mid-April after forming a strong support at the $2.8 region. After the breakout, the altcoin gained momentum but met resistance at the $3.5 level. Following the broad market slump, TON’s price has dropped to the $3.28 mark. In addition, its market cap has declined to $8 billion while the trading volume surged to $285 million.

Source: CoinMarketCap

Toncoin has just rebounded from a critical historical support area, making a pattern comparable to previous reversals. As identified by analyst Rose, this bounce is based on a consistent price action trend identified by red circles indicating possibilities for further upward movement.

A breakout of Toncoin above this descending channel trendline could start a rally. The analyst has set targets at $5.735, $6.868, and $7.907, with momentum building up as the price approaches the upper boundary. A confirmation candle above the trendline should indicate the breakout to the traders.

3. Cardano (ADA)

Cardano is currently exchanging hands at $0.7880 and is down by 3.90% on the daily chart. Despite this recent decline, the altcoin has surged by 17% and 20% on the weekly and monthly charts, respectively. The market cap and the trading volume of the altcoin are $27.40 billion and $2.04 billion, respectively.

Best Altcoins to Invest in Today, May 13 - SUI, TON, ADA
Source: CoinMarketCap

The Brave wallet now accepts Cardano since it is now possible for users to deal with ADA directly from the Brave-native browser wallet. The integration, which is a partnership between Brave Software and Input | Output, increases functionality whereby users can send, receive and swap ADA. With this update, the governance support for ADA holders is now directly available in the wallet.

Meanwhile, the whale accumulation of Cardano is reflecting increasing optimism about its long-term prospects. More than 40 million ADA have been bought by large addresses, further affirming the growing interest in the token. The developments indicate Cardano’s growth, positioning it among the best altcoins to invest in today.

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