Best Altcoins to Invest in Today, January 7 – Solana, Vechain, XRP

Highlights:

• The global crypto market cap rises 2% to $3.58 trillion, signaling bullish momentum across the market.
• Solana, Vechain, and XRP display strong trends, making them the best altcoins to invest in for potential returns.
• Solana’s scalability upgrades, Vechain’s 300% surge, and XRP’s bullish SuperTrend indicator drive investor confidence.

The entire crypto market shows signs of a bullish explosion as the global market cap surges by 2% to reach $3.58 trillion. The bullish momentum has led to a huge jump in trading volumes, rising by 29% to $124 billion. Moreover, the fear and greed index has remained at 66, indicating “greed” sentiment. 

The flagship cryptocurrency has leaped above the $100k key level, igniting a broad market for green trade. As the bullish momentum prevails, traders look for opportunities to trade in for lucrative returns. So here is a look at the best altcoins to invest in today, such as Solana, Vechain, and XRP.

Best Altcoins to Invest in Today

1. Solana (SOL)

Solana is trading at $215, up by a modest 0.28% in the past 24 hours. SOL kicked off its trading session on a low note at $213 and climbed to a high of $222, where it faced a rejection that led to a pullback. Moreover, the market cap and trading volume have climbed to $104.32 billion and $3.16 billion, respectively. 

Recently Solana developers proposed SIMD-215 to get rid of scalability issues with a lattice-based homomorphic hashing function. The motivation behind this innovation is to solve the “state growth problem” and provide higher blockchain efficiency. The network is able to manage billions of accounts and compute the unified account hash quickly.

Solana’s Scaling Hack: Smarter, Faster, Slicker

Solana devs are tackling the “state growth problem” with a lattice-based hashing system straight out of SIMD-215.

The idea? Stop recalculating everything – just update what’s changed.

The move could supercharge Solana to handle… pic.twitter.com/9gikpt5FN5

— Mario Nawfal’s Roundtable (@RoundtableSpace) January 7, 2025

Additionally, data from Coinglass reveals the open interest of Solana futures from $4.25M to $6.72M in January. This represents an all-time high, signalling increased market activity. Rising open interest shows that investors are becoming more confident and have potential price momentum.

2. Vechain(VET)

Vechain is displaying a bullish trend today, surging by 2.47%, pushing the price to $0.0524. The altcoin has shown a remarkable journey on the weekly chart, surging by over 20% and breaking out of its current descending channel. Its market cap and trading volume stand at $4.25 billion and $93.69 million. 

Over the past month, VET has surged over 300% displaying an impressive upward momentum. Crypto analyst Javon Marks sees more upside with $0.25315 as a key target. This is a potential 372% growth. Prices have demonstrated rapid movement, placing VET among the best altcoins to invest in. 

$VET (Vechain) recently put on a significant show, climbing over 300% in a month's time, but by its holding breakout, is still positioned to put on an even greater one!

As $0.25315 continues to be the target, an over 372% increase can be coming and prices recently showed its… https://t.co/2QFJrU8VSs pic.twitter.com/0ATpGVL1vz

— JAVON⚡️MARKS (@JavonTM1) January 6, 2025

3. XRP

As of press time, XRP is trading at $2.44 recording an increase of 2.48 on the daily chart. It has displayed a robust price movement on its weekly chart surging by 18% pushing the market cap back above $140 billion. However, the trading volume has declined to $4.13 billion.

Crypto analyst Ali Martinez has pointed out that XRP has the potential for a bounce back. On XRP’s 12-hour chart, the SuperTrend indicator recently moved from bearish to bullish. This signal has preceded major price surges in the past, with a 470% increase back in November.

The last time the SuperTrend indicator flipped bullish on the 12-hour chart, $XRP went up 470%… It just flipped bullish again. 👀 pic.twitter.com/tqj40dO9nV

— Ali (@ali_charts) January 6, 2025

The SuperTrend indicator is used by traders to measure the trend in the market momentum. This new bullish signal may signal the continuation of XRP’s uptrend. With momentum on its way to kick in early 2024, investors looking for the best altcoins to invest in might take XRP into consideration.