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bitcoin
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Best Altcoins to Purchase Now, July 29 - XRP, ONDO, QUANT

Highlights:

  • XRP, ONDO, and Quant stand out as best altcoins to buy now amid shifting market trends.
  • XRP eyes future gains despite a short-term pullback, fueled by strong institutional interest and DeFi potential.
  • Quant and ONDO hold key support zones, with analysts expecting renewed bullish moves if momentum holds steady.

The total crypto market cap has dropped more than $60 billion in the past 24 hours, currently standing at 3.89 trillion. However, the trading volume has surged to $175 billion, indicating a mixed sentiment in the market. Bitcoin keeps consolidating, hovering around the level of $117,200 as most of the altcoins trade in the red. Amidst this mixed sentiment, let’s take a look at the top altcoins to purchase now, such as XRP, ONDO, and Quant.

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Top Altcoins to Buy Now

1. XRP

After posting a solid performance and achieving a new ATH this month, XRP is undergoing a correction following the broader market pullback. Despite this recent decline, the altcoin remains up by over 40% over the last 30 days. As of this writing, XRP is exchanging hands around $3.12, with a decline of 3% and 9% on the weekly and monthly charts, respectively. Its market capitalization and trading volume stand at $186 billion and $7 billion, respectively.

Best Altcoins to Purchase Now, July 29 - XRP, ONDO, QUANT
Source: CoinMarketCap

EasyA founders Dom and Phil Kwok were recently interviewed at the New York Stock Exchange about the future of XRP. They are confident that XRP may reach $1,000 by 2030 due to increased attention from financial corporations and DeFi expansion. Dom Biden highlighted Ripple’s international approach, referring to its key licenses and new stablecoin, RLUSD, which has real-life financial viability.

Phil stated that the situation with XRP now resembles the case of Ethereum prior to its DeFi boom, which makes it one of the top altcoins to buy now. According to him, XRP and Stellar are yet to have their breakout. EasyA will facilitate this next wave by educating developers and creating tools.

2. ONDO

ONDO is trading at $0.9780, down 7% on the daily chart as the broad market sails in bearish sentiment. The altcoin has also dropped 4% on the weekly charts, erasing most of the monthly gains to 28%. The recent bullish momentum saw the altcoin hit the $1.1 mark and its market capitalization reach the $3.60 billion level.

Best Altcoins to Purchase Now, July 29 - XRP, ONDO, QUANT
Source: CoinMarketCap

According to crypto analyst Ali Martinez, Ondo has overcome a vital resistance between $1.00 and $1.10. He stated that this level was limiting gains over the last few months; however, the break signifies that there might be a reversal in trend. The price still ticks above the short-term averages, which implies that the purchase pressure is on the rise.

Martinez described the next probable resistance at $1.50 with a possible consolidation area of between $1.20 and $1.30. Provided that momentum can be maintained, there is a possibility of a move to $2.00, which makes Ondo a coin worth watching on lists of the top altcoins to buy now. A move below the $1.00 mark may result in support at 0.94.

3. Quant (QNT)

Quant has dropped from the $129 to $120 level on the daily chart, recording a decline of 3.80%. Additionally, its market capitalization and trading volume have decreased to $1.50 billion and $24 million, respectively. Despite this recent price correction, the altcoin remains up by over 10% on the monthly chart.

Source: CoinMarketCap

According to analyst CryptoPulse, Quant displayed a robust rebound off its daily demand zone. The price has bounced back well and is indicating an upward trend. Holding above $122 is essential to move higher. The market structure is leading towards a breakout in the near term, hence gaining momentum.

The price targets are placed at $150 and $170, which provide a clear roadmap in case the trend continues. QNT’s current structure positions it among investors’ watchlists as one of the top altcoins to buy now. As long as support is maintained, the analyst expects a higher continuation based on the current setup.

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