Highlights:
- The recent bullish breakout from the bull flag pattern may see Ethereum reach $3,700.
- The upcoming resignation of the SEC chairman, Gary Gensler makes XRP a top choice to buy.
- Stellar shows a 200% monthly gain and a potential further growth boosted by Cardano’s interactions.
The bullish sentiment continues to prevail as broad market trade in green. The market is setting new highs as the largest asset, Bitcoin achieved a new ATH at $99,500 and the total crypto market cap hit a record at $3.3 trillion. As Bitcoin’s momentum drives the whole market, let’s take a look at the best cryptocurrencies to buy including, Ethereum, XRP and Cardano.
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Best Cryptocurrencies to Buy Today
1. Ethereum (ETH)
After consolidating around the $3,100 region, ETH has retraced the $3,400 mark surging by 6% in the past 24 hours. As of this writing, Ethereum is trading at $3,350 with a surge of 8% and 30% on the daily and monthly charts, respectively. In addition, the market cap and trading volume has surged to $402 billion and $51 billion.
Ethereum is currently showing signs of a breakout from a bull flag pattern. Crypto analyst Rekt Capital suggests a confirmed breakout could propel ETH to approach the $3700 resistance level. This potential move makes Ethereum one of the best cryptocurrencies to buy for those looking for upward trends.
Ethereum is currently breaking out from its short-term Bull Flag
Confirmed breakout would see ETH revisit the ~$3700 resistance above#ETH #Crypto #Ethereum pic.twitter.com/iBbUeYxmnM
— Rekt Capital (@rektcapital) November 21, 2024
2. XRP
Recently, XRP has witnessed a remarkable growth as it continues to break key resistance levels. Currently, XRP is trading at $1.49 inching the $1.50 key resistance level after surging by 30% in the past 24 hours. The robust bullish momentum has pushed the market cap to $82 billion. Moreover, the trading volume has seen a significant boost, surging by 180% at $18 billion.
XRP’s rally has been fueled by speculation of SEC chairman Gary Gensler’s resignation. In a November 21 post on X, Gensler announced that he would step down from the position on January 20, 2025. This would pave the way for a less regulatory stance, boosting confidence in XRP’s market.
Furthermore, crypto analyst Ali Martinez made a positive comment on X about Gary Gensler’s resignation from the SEC, stating that Ripple would benefit from it. The resignation could lead to regulatory clarity and pave the way for Ripple to reach a legal resolution, potentially driving XRP to target $2. Consequently, his outlook positions XRP among the best cryptocurrencies to buy.
‘@GaryGensler leaving the @SECGov is the best thing that could happen to @Ripple. Now, $XRP targets $2! https://t.co/YEDiZtrnB1 pic.twitter.com/LLE4n0MC8z
— Ali (@ali_charts) November 21, 2024
3. Stellar (XLM)
Stellar has had an impressive journey recently, gaining 200% over the past month. Currently, XLM is trading at $0.301 up by 25% in the past 24 hours. The bullish momentum has elevated XLM’s market cap and trading volume to $9.04 billion and $2.41 billion, respectively.
Cardano founder Charles Hoskinson recently detailed interactions with Stellar. He talked about how he interacts with the XLM team daily, and that they were ‘good people’. Although these talks are not aimed at forging a direct partnership with Stellar they are part of broader efforts on the Cardano side.
Can confirm 🙂 https://t.co/NBG3Wng1Gy
— Jed McCaleb (@JedMcCaleb) November 19, 2024
XLM’s market has seen an unprecedented bullish movement in response to the tone of Hoskinson’s revelation breaching the $$0.3 mark. Indeed, such interactions can bring benefit to both sides in this area of blockchain, making Stellar one of the best crypto to buy.
Final Thought
The current market trends highlight Ethereum, XRP and Stellar top picks among the best cryptocurrencies to buy today. Additionally, the growth potential and market sentiment around these digital assets are very positive making them, promising investment choices for investors looking to capitalize on the current market rally.
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