Best Cryptocurrencies to Purchase Today, August 8 – ETH, XRP, LINK

Highlights:

• Ethereum is nearing a critical resistance level after gaining over 49% this month, with rising trading volume.
• XRP has spiked to $3.34 after Ripple and the SEC officially ended their lawsuit.
• Chainlink has jumped over 15% as new tokenomics and the LINK reserve plan drive major demand and utility.

The crypto market has rallied today after Donald Trump, the U.S. President, signed another crypto executive order that will allow 401(k) retirement plans to invest in digital assets. The executive order is expected to unlock access to over $9 trillion in capital.

Most of the top 10 cryptocurrencies have rallied and are trading in the green zone on the daily chart. As of press time, the overall market cap is up 2.85% to $3.87 trillion. In addition, the trading volume is up 41.75% to $179.97 billion. The fear and greed index stands in the neutral zone at an index of 59. Meanwhile, in the past day, over 114,165 traders were liquidated, and the total stands at $406.49 million, according to CoinGlass data. With the executive order fueling the bullish momentum, here are the best cryptocurrencies to buy today.

Best Cryptocurrencies to Buy Today

1. Ethereum (ETH)

ETH is trading at $3,917, a 5.74% increase on the daily chart. The market cap stands at $472.89 billion, and the trading volume has increased by 64.82% to $43.12 billion. ETH has gained 7.92% on the weekly chart and 49.15% on the monthly chart.

According to analyst Satoshi Stacker, Ethereum has arrived at an extremely important resistance zone near $4,000 as predicted by Crypto2Community analysts. Over the past 4.5 years, Ethereum has tested this area six times. Each time it failed to break through, the price dropped between 30% and 75%.

Ethereum has arrived at an EXTREMELY important level of resistance.

Over the past 4.5 years, $ETH has been rejected here 6 times and dropped 30-75% each time.

The one time $ETH broke above, it went on to set its all time high.

Ethereum bulls NEED to break this resistance. pic.twitter.com/iHyTkTtrr7

— Satoshi Stacker (@StackerSatoshi) August 8, 2025

This zone has proven strong and decisive in shaping the trend. The one time Ethereum broke above, it rallied to an all-time high near $4,800. Bulls must clear this level to confirm further upside. A breakout could signal strong momentum and attract new buyers. However, failure here could spark another sharp correction.

2. XRP

XRP has rallied 11.46% in the past day after the conclusion of the long Ripple vs. SEC case. The coin has been consolidating below the $3 mark and is now trading at $3.34. The market cap stands at $198.67 billion, and the trading volume is up 172.54% to $11.56 billion. Meanwhile, XRP has gained 13.61% on the weekly chart.

The end of the XRP lawsuit has sparked a strong rally in XRP’s price. Ripple and the SEC have officially filed a joint stipulation to dismiss their appeals. The filing confirms that the lawsuit is over. This filing marks the final step in a legal battle that has stretched for more than four years.

#XRPCommunity #SECGov v. #Ripple #XRP BREAKING: The parties have filed a Joint Dismissal of the Appeals. The case is over. pic.twitter.com/QMATRLnxnS

— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 7, 2025

The SEC Commissioners voted to drop the case after Ripple withdrew its own cross-appeal. With both sides agreeing to end all litigation, the dismissal has cleared the path for Ripple to move forward without the cloud of regulatory uncertainty.

3. Chainlink (LINK)

LINK is currently trading at $19.40, with a 15.08% increase in the last 24 hours. The trading volume of the coin has increased by 295.9% to $1.47 billion, while the market cap stands at $13.15 billion.

The rally in price and increase in trading volume can be attributed to the recent developments in the Chainlink ecosystem. Chainlink is overhauling its tokenomics by creating a LINK reserve. The reserve will be funded by on-chain and enterprise revenue. The Chainlink Reserve is designed to strengthen the ecosystem’s stability and long-term growth. The reserve will collect real revenue from institutional clients and protocol services to fund LINK purchases.

Chainlink has launched Chainlink Reserve, a strategic and transparent onchain treasury funded entirely with its native $LINK token.#Crypto #CryptoNews #Blockchain #Web3 #Chainlink pic.twitter.com/WfYuY4VkOM

— Cryptolenz (@CryptobuddyInfo) August 8, 2025

It uses Payment Abstraction to turn gas token and stablecoin payments into LINK through decentralized exchanges like Uniswap V3. Chainlink has also expanded Payment Abstraction to support more types of services. This upgrade aims to drive higher demand and improve utility for LINK holders.