The Altcoin Season Index continued to rise on Monday, because most coins performed better than Bitcoin, which has remained in a tight reach since last week.
The index jumped to 58, the highest level in months. Likewise, the meticulous crypto fear and greed jumped in the in the Voetre zone at 68 in the greed zone.
These statistics can indicate that most altcoins are about to organize a strong meeting in the coming weeks. This article is investigating some of the best crypto to buy or invest today for substantial profit.
Jasmycoin
Jasmycoin (Jasmy), generally known as the Japanese Bitcoin, is one of the best crypto to buy as the Altcoin season starts.
On-chain statistics show that whales have continued to collect this year. They now have 6.93 million tokens, an increase of 40% compared to the same period last month. Likewise, the range of Jasmy in fairs in the last 3o days has fallen by 6.4%.
Technicis are also very supportive because it has jumped above the advancing averages of 50 and 200 days. It is also about to turn the important resistance level to $ 0.021, the highest level on 12 May. A break above that level will indicate more profit, possibly to the 50% retro level at $ 0.033.
Polkadot
Polkadot (DOT) is another best crypto to buy as the Altcoin season starts. Firstly, there are high chances that the SEC will approve a spot dot ETF later this year, which leads to more inflow of Wall Street investors.
Secondly, Gavin Wood, the founder, proposed ways to reduce inflation by eliminating expansion rewards. Polkadot distributes 500 million point to docks per year, where most recipients sell them, creating sales pressure. In its proposal, the network will make less than 9 million tokens.
Thirdly, the Polkadot ecosystem grows after it has terminated the Parachain auction process. Some of the best daps in the network are Hydratation, a Defi platform whose assets jump, and FIFA rivals, a game.
Furthermore, Polkadot price formed a gigantic pattern with double bottom at $ 3.5 and a neckline for $ 5.4. This pattern points to more profit, possibly to the neckline at $ 5.40 and the 50% racement at $ 7.35.
Dogwifhat
Dogwifhat (WIF), a top meme coin in the Solana (SOL) ecosystem, is another top crypto to buy because these tokens are likely to perform well in an Altcoin season.
Wif has already moved above the 200-day advancing average. It also formed the cup and handle pattern with a depth of 76%. The top of this cup is $ 1,3473. Measuring the same distance from the top of the cup gives its target up to $ 2.37, a few points under the 50%retro point.
There are other potential coins that can do well in this Altcoin season. Tron, XRP and Stellar can, for example, thrive because of their exposure to stablecoins, while Ethereum and Solana will attract more institutional investors.
