Best Cryptocurrencies to Buy Today, Jan 20 – ADA, SOL, LINK

Highlights:

• Cardano, Solana, and Chainlink are the cryptocurrencies to buy today for potential gains.
• Cardano could surge by 426% if it replicates its 2021 movement, possibly hitting $6 in the coming weeks.
• Solana’s record TVL and Chainlink’s bullish patterns highlight strong market momentum for both tokens.

The crypto market exhibits mixed sentiment as most prices display volatility. All eyes remain on U.S. President-elect Donald Trump, who will officially take over the office today. While TRUMP launched a memecoin that exploded massively several days ago, his wife has joined the trend to launch a memecoin called MELANIA today.

The leading asset, Bitcoin, has hit a new all-time high of $109k as the broad market recovers from the recent slump. Bitcoin’s rally has ignited the broad market as other tokens start printing gains. The bullish recovery has pushed the overall market cap to $3.72 trillion, while the 24-hour trading volume surged by 108% to $394 billion, indicating heightened market activity. 

As the market braces for renewed optimism, let’s take a look at the best cryptocurrencies to buy, such as Cardano, Solana, and Chainlink. 

Best Cryptocurrencies to Buy Today

1. Cardano (ADA)

The smart contract platform Cardano is trading at $1.09, having surged 4.52% in the past 24 hours. ADA faced a stiff rejection at the $1.10 region, leading to a decline to an intraday low of $0.9689. Despite the bearish setback, ADA is up 18% and 11% on the weekly and monthly charts, respectively. Moreover, its market cap and trading volume stand at $38.5 billion and $3.3 billion, respectively. 

Crypto analyst Ali Martinez has noted that Cardano could rally by as much as 426% if it follows its 2021 price behavior. Following a 44% correction early in 2021, ADA began a strong upward phase. Ali pointed out that the present 43% retracement looks similar to the year 2021 pattern.

After a 44% correction, #Cardano $ADA began its second leg up during the week of February 1, 2021. Now, #ADA has already undergone a 43% correction, suggesting the next leg up could be just two to three weeks away. $6 next! pic.twitter.com/xyvwZxdOFf

— Ali (@ali_charts) January 17, 2025

The second leg up could begin in two to three weeks. Ali suggests that this momentum will likely push ADA to $6, making it one of the best cryptocurrencies to buy today.

2. Solana (SOL)

Solana hit its all-time high at $295 yesterday before facing a steep pullback following the broad market downturn. As of press time, SOL is trading at $264, down by 2.06% in the last 24 hours. SOL is up 46% and 33% on the weekly and monthly charts, respectively. Its market cap has dropped to $128 billion despite a 47% surge in trading volume, pushing the value to $36 billion. 

According to DefiLlama data, Solana’s Total Value Locked (TVL) as of January 2025 has reached $11.641 billion, hitting a record high. This is an astonishing 5306% growth from where TVL was in January 2023, which was only $210 million. This surge is attributed to the surge of interest in the Trump memecoin that pushed TVL from $9 billion to $11 billion.

Solana achieves a remarkable milestone, hitting $11B in Total Value Locked (TVL) as of January 2025.

The journey from $210M in January 2023 represents an incredible 5306% growth.

This surge is largely attributed to the recent Trump memecoin hype, which propelled Solana's TVL… pic.twitter.com/toqe6nqDLj

— Coinpedia (@CoinpediaNews) January 20, 2025

In January, Solana’s DEX trading volume hit $163 billion, which is higher than BSC’s record from May 2021. Moreover, Coinbase’s revelation that they are in the process of scaling up Solana’s ecosystem and increasing demand for the search term ‘Buy Solana’ further supports the network’s potential, making it one of the best cryptocurrencies to buy.

Solana Breaks Records Amidst $TRUMP and $MELANIA Token Frenzy:

— Solana's DEX trading volume surpassed $158 billion in January, shattering the previous record of $140 billion (May 2021). And this happened in just 20 days.
— Yesterday, Solana set a new All-Time High (ATH) at…

— Coingraph | News (@CoingraphNewsX) January 20, 2025

3. Chainlink (LINK)

Chainlink has seen a remarkable journey recently, surging by 40% in the weekly chart. As of press time, LINK is exchanging hands at $26 up by 16% in the past 24 hours. In addition, its market cap has climbed to $17.08 billion while the trading volume surged by an impressive 245% to $2.99 billion, indicating an increased market activity. 

Chainlink could be among the best cryptocurrencies to buy, as its price movement shows a bullish pattern. Based on a recent technical analysis, analyst Ali Martinez predicts a potential 100% surge for LINK.

#Chainlink $LINK is breaking out of a bullish flag, targeting $50! pic.twitter.com/ru8CCbJPCG

— Ali (@ali_charts) January 18, 2025

The four-hour chart shows a bullish flag pattern that might lead to a breakout. If the price of LINK breaks above the upper boundary of the flag, the price might rise to $50. If successful, LINK may reach its previous high of $52.7 recorded last in May 2021.