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Best Altcoins to Buy Today, January 13 – SOL, ENS, ATOM

Highlights:

  • Solana, ENS, and Cosmos are the top picks for altcoins to buy today with strong growth and potential.
  • Solana’s impressive transaction volume and developer activity position it among the best for future growth.
  • Ethereum Name Service signals a bullish reversal with strong support at the key demand levels.

The crypto market today displays mixed signals as asset prices trade on green and red. The global market cap and the 24-hour trading volume have surged to $3.13 trillion and $98 billion, respectively. Bitcoin is holding above the $91k level, while major altcoins such as Ethereum, XRP, and Cardano are recording minor losses. In this article, we will discuss the best altcoins to buy today, such as Solana, Ethereum Name Service, and Cosmos.

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Best Altcoins to Buy Today

1. Solana (SOL)

Solana has been trading on an ascending channel since the start of the year, surging from lows of $120, pushing the weekly chart to over 5%. The altcoin is exchanging hands at around $140, down by 0.80% in the past 24 hours. Its market cap and trading volume stand at around $80 billion and $5.54 billion, respectively.

Source: CoinMarketCap

Solana has become a powerful force in the crypto industry, and its rise in recent months is impressive. According to Nansen data, the Solana network has handled more than $1.7 billion in transactions within the past 30 days. This number is much higher than the total of the 15 leading chains, such as Ethereum, which handled $54 million, and BSC, which processed $488 million in transactions.

Source: Nansen.ai

Within the decentralized exchange (DEX) industry, Solana has remained on a steady upward trend, handling $118 billion in transactions, topping Ethereum and BSC. Moreover, asset management firm WisdomTree sees significant potential in Solana’s future, citing its lead in user base, developer activity, and on-chain revenue, making it one of the best altcoins to buy today.

2. Ethereum Name Service (ENS)

Ethereum Name Service is currently hovering around $10.20, down by 0.60% on the daily chart. ENS has declined by 8% and 5% on the weekly and monthly charts, respectively. The altcoin’s market cap has dropped to $390 million, while the trading volume surged by 15% to 25 million.

Source: CoinMarketCap

Crypto analyst Rose Premium Signals has noted that the ENS market is exhibiting a bullish reversal. The price had been on a steady downtrend in a declining channel over a couple of weeks, but was recently supported by a key demand zone. This reversal reflects a possible exhaustion of selling pressure, which implies that the market is set to experience a reversal of the trend.

Currently, the price has reclaimed short-term structure, with higher lows and confirming that the momentum of the buyers is increasing. As long as the price is above the demand zone of $9.80 to $10.40, it is likely to continue moving towards higher levels. The next major resistance targets are then positioned at $14.36 and $16.04, marking key areas to watch for further upward movement.

3. Cosmos (ATOM)

Cosmos’s rally has faced a pullback today as the bearish sentiment overwhelms the broad market. As of this writing, the ATOM is exchanging hands at around $2.53, down by over 2.50% on the daily chart. The altcoin is up 16% over the past month, pushing the market cap to $1.23 billion.

Source: CoinMarketCap

Cosmos’s daily chart displays a breakout from the descending channel as bulls take the lead. Indicators such as the Relative Strength Index and Moving Average Convergence Divergence are leaning toward the upper side. The RSI is hovering around 60 levels, indicating that the upward journey continues further. The MACD also suggests bullish momentum, with the histogram holding on to the positive territory.

Best Altcoins to Buy Today, January 13 – SOL, ENS, ATOM
Source: TradingView

Looking ahead, ATOM could retest the immediate resistance around $3.16 if the upward trend continues. A break above this point could lead to a retest at the key resistance around the $4.40 region. For those looking to explore the best altcoins to buy today, ATOM is a strong candidate to consider.

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