Bitcoin and a number of its crypto peers have pulled back in recent days following an explosive rally attributed to positive sentiment following Trump’s victory in the US elections in 2024.
However, experts are convinced that crypto assets will resume their rally heading into next year. Fundstrat’s Tom Lee, for example, sees a bunch of altcoins doing “extremely well” in 2025.
Here are three altcoins that look well-positioned for quick gains in January. For investors looking for the best crypto to buy now, these could be good options.
1.Solana (SOL)
Solana has been in a downtrend ever since it printed a record high of $264 on November 22nd – but technicals continue to signal a potential rebound in this digital asset in early 2025.
The native cryptocurrency of the Solana blockchain is currently trading only slightly below a key resistance at the $195 level. A potential breakout could clear the path for its price to hit $221 by the end of January.
Investors could also take heart in the fact that SOL remains comfortably above a strong support at the $178 level, which further strengthens the case for quick gains in January.
2. Polkadot (DOT)
Polkadot is in the same league as Solana.
It has pulled back significantly from a high of over $11 to a low of under $7 in December – but the technical momentum continues to paint a rosy picture of what the future may hold for DOT.
Polkadot is currently in the corrective phase of a potential Elliott Wave. Its price is approaching the 0.618 Fibonacci level – a rebound from where it could trigger an impulsive wave targeting higher Fibonacci levels of 1.0 or even 1.272, potentially pushing DOT to a new high of $16.14 in January.
3. Hyperliquid (HYPE)
HYPE is different from the other two altcoins on this list in that it hasn’t pulled back as sharply in recent weeks as DOT and SOL. Why? Primarily because Hyperliquid recently opted for a massive airdrop that not only increased trading activity but helped improve the platform’s market presence as well.
Nonetheless, there’s reason to believe that HYPE will extend its ongoing rally into the coming year. The altcoin tested a key resistance at the $29 level on Monday – and a potential breakout could pave the way for it to hit $40 over the next four-to-five weeks.
