Crypto bull run: Aside Bitcoin, here are 3 coins that you can invest in, this season

The highly anticipated crypto bull run has finally begun in full swing and investors cannot help but revel in the excitement of pumps and green candles. 

Apart from the massive increase in cryptocurrencies’ prices, exemplified by the new All Time High (ATH) of flagship asset Bitcoin (a single Bitcoin is now $100k) and other notable virtual currencies, crypto exchanges have seen a sharp increase in average deposits, driven by larger purchases from professional and corporate investors.

This means the industry is experiencing a mammoth influx of liquidity and investment. 

This improved investors’ sentiment toward digital assets can be partially attributed to Donald Trump’s reelection in the United States. While campaigning, Trump pledged to replace the Securities and Exchange Commission leadership and establish a strategic US Bitcoin reserve. His administration is expected to foster more transparent and favourable regulations for cryptocurrencies. 

Additionally, new products like spot Bitcoin exchange-traded funds (ETFs) have also supported institutional involvement in digital assets over the past few months.  With hefty funds flowing into the crypto market as momentum builds towards the inauguration of Donald Trump, analysts have predicted that the party is just about to get started.

If you intend to benefit as an investor, below are three cryptocurrencies to invest in to leverage the present crypto bull run for gains. 

Read also: SiBAN leadership tussle: 2 factions continue as questions linger over December elections 

1. BNB is leading the bull run

In the last few days, the Binance native coin, BNB has emerged as one of the best cryptocurrency market performers, reaching a new record high of around $794 on Wednesday. BNB’s rally started after Binance co-founder Changpeng Zhao, aka “CZ,“ posted a cryptic tweet on Tuesday that hinted at the beginning of “alt season,” – a period when alternative cryptocurrencies outperform Bitcoin in terms of percentage gains.

Now, the price of BNB has reached an all-time high and has surpassed its 2021 peak. With a market capitalisation of over $107 billion which puts the digital asset in fifth place in the ranking of the largest cryptocurrencies.

This coin has entered the price discovery stage and there are high prospects of a progresssive upward swing.  Given this momentum, BNB is expected to continue to enjoy this rise and potentially hit new price heights.

The native cryptocurrency of the world’s largest exchange is likely looking for the next stop which, according to the Fibonacci sequence, could be in the range of $917 to $1,160 per BNB if the token continues its upward movement with favourable market sentiment.

When you consider that Binance regularly conducts billion-dollar BNB burns, and the ecosystem itself is just beginning to recover from the regulatory shocks of the past few years, the future seems increasingly intriguing for BNB investors.

You should scoop up some BNB.

2. Tron (TRX)

Justin Sun, the Founder of Tron Blockchain, recently purchased and then consumed a $6 million banana taped to a wall (a piece of modern art). Following this, he invested $30 million in Donald Trump’s cryptocurrency project.

Sun’s recent action has doubled the price of the TRX, the native cryptocurrency of the Tron blockchain, in a single day, achieving a new height. This would be the first time TRON has set a new ATH in the last seven years- since hitting $0.35 in January 2018.

And, the rally has pushed Tron into the top 10 cryptocurrencies.

A key driver of this momentum is Justin Sun’s bold investment in Donald Trump’s crypto project, World Liberty Financial (WLF). This $30 million move came shortly after Trump’s re-election and appears to have catalyzed investor confidence in TRX. Sun’s controversial involvement in the project and broader influence in the crypto industry are drawing attention to Tron, fueling its rise.

Experts have suggested that TRX could reach new all-time highs this bull run if current trends persist. Mihir, a popular cryptocurrency analyst on X presented a very optimistic projection. He believes that TRX could rise to $1.80, with the potential for a 336% increase from its current price levels.

With the current buzz, Mihir shouldn’t be too far from the truth, you might want to consider some TRX this bull run.

Read also: 32 African startups raised $180m in November as 2024 venture funding hits $1.86bn

XRP

XRP, the third-largest cryptocurrency by market cap, has captured attention with its recent price movements. XRP is currently trading around $2.56. It is on the verge of a significant milestone – reaching $3.

Several fundamental regulatory developments have pushed XRP prices over 400% in the past 30 days, becoming the third-largest token by market cap last Sunday and zooming to price levels not seen since early 2018.

The token has been riding a wave of positive sentiment, fueled by renewed interest in altcoins and a broader bullish trend on the crypto market. This momentum has helped XRP break through several key resistance levels, including the $1 and $2 price points and the $3 mark seems to be the next target.

A broader crypto bull run offers the tailwinds that XRP requires to break through. Positive news, such as additional legal victories, major partnerships or releases, and favourable regulatory developments, is expected to tip the scales in favour of bulls. XRP is a strategic asset to have in the portfolio as the bull run continues.

Note: This should not be construed as investment, tax or legal advice. It is strongly recommended that every reader seek appropriate independent professional advice before acting on any information contained herein, as Technext provides no endorsement, opinion or advice, including investment, tax or legal, and makes no representation or warranty about the suitability of a product for a particular reader or circumstance.