Key Insights
- Altcoins may be about to rebound as the Crypto Fear and Greed Index jumps.
- The Altcoin Season Index has continued rising to 53.
- Top altcoins to buy are XRP, WLD, and HYPE.
The Crypto Fear and Greed Index has moved from the extreme fear zone of 15 earlier this month to the current 40. This rebound, especially if it moves into the greed and extreme greed zones, may lead to further gains in the crypto market.
At the same time, the Altcoin Season Index has continued rising, moving to the current 53. This could be a sign that altcoins are about to go parabolic in the coming days or weeks. This article explores some of the best altcoins to buy for substantial gains in the near term.
XRP Price is Showing Bottoming Signs
XRP price is one of the best altcoins to buy after it retreated by 38% this year and by 68% in the last 12 months. There are signs that the coin is in an accumulation mode, which often precedes a comeback.
Data shows that spot XRP ETFs added $5.6 million in assets on Tuesday. This brought the monthly increase to $12.43 million.
This is the fourth consecutive month of inflows, bringing the cumulative net figure this year to over $325 million. In contrast, Bitcoin and Ethereum ETFs, despite their inflows this month, have lost billions in assets this year.
Technicals suggest that XRP price is starting to bottom. It dropped to a low of $1 in June and then moved to the current $1.1345. A closer look shows that it has formed an inverted head-and-shoulders pattern, a common bullish reversal sign.
The token has moved above the 25-day moving average. At the same time, the two lines of the Percentage Price Oscillator (PPO) have made a bullish crossover and are moving upwards. They are about to cross the zero line, a sign that the bullish divergence is working.
Therefore, the most likely XRP price prediction is bullish, with the next important target to watch being at $1.2898, its highest level on June 15 this year. Soaring above that price may lead to more gains, potentially to $2, which is about 77% above the current level.
Worldcoin Price May Benefit From the OpenAI IPO
WLD is another top altcoin to buy today. It has already plunged by 50% from its highest point in June and is showing some bottoming signs.
Fundamentally, Worldcoin token has some potential bullish catalysts. For example, Grayscale has filed for a spot WLD ETF, which may lead to more demand if it is approved.
Most notably, it is associated with OpenAI, one of the biggest companies in the AI industry. They were both established by Sam Altman. As such, it may jump ahead of the IPO, which is expected to happen later this year or in 2027.
Technicals suggest that the token is showing some bottoming signs. It has formed what looks like a double-bottom pattern, while the PPO and RSI have started rising. Therefore, a rebound may happen as investors target the key resistance at $0.70.
HYPE Price is Forming a Bullish Pennant Pattern
The HYPE token is slowly forming a bullish pennant pattern, which normally leads to more gains. This pattern is made up of a vertical line and a symmetrical triangle. It has moved to the lower side of the triangle, which may lead to a rebound. If this happens, the token may soar to a record high of $76.77.
Hyperliquid has some of the best fundamentals in the crypto industry. The volume of assets in its platform has jumped to over $190 billion in the last 30 days. It has recently launched HIP-4, which will aims to become a major player in the prediction market.
Crispus is a distinguished Financial Analyst at, bringing over 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and altcoins. Renowned for his sharp insights at the nexus of market trends and breaking news, Crispus delivers actionable analysis to empower investors. His work is prominently featured across leading platforms, including BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, cementing his reputation as a trusted voice in the financial world.
