Golden Cross

Alt season may be nearer than we think. This is not hopium, but the conclusion of TA (technical analysis). For the first time since 2021, the altcoin market cap had a Golden Cross. After that Golden Cross, alts went flying. Some went up with 500%.

A ‘Golden Cross’ is a TA thing. Such a Golden Cross is when a short-term moving average crosses above a long-term moving average. For example, the 50-day MA crosses the 200-day MA. This signals a shift from a bearish to a bullish trend. So, here are 4 altcoins that should do well in such a bullish trend.

Why a Golden Cross Matters

Most technical analysis traders, especially swing traders, are looking for bottoms and reversals to trade. A reversal here being when a downtrend bottoms and starts trending upwards again. And a few indicators like MACD or Bollinger Bands specifically look for reversals of trend.

But golden crosses are even more important. They are a confirmation of trend. The 200-day moving average (MA) is considered the long term moving average for any given investment. It smooths out short term and choppy behavior like the $1 billion+ liquidation we had earlier this week.

The 50-day MA is the confirmed short term trend. But the thing is, most investments over 50 days are non-trending. Just look at Bitcoin over the last 50 days. Down slightly but mostly choppy, non-trending activity.

And this is typical. So when both the 50-day MA and the 200-day MA are both rising AND the 50-day MA crosses the 200 day, that is a huge positive indicator that the short term bullish trend is getting stronger right now. The 50 day wouldn’t cross the 200 day if that was not true.

So we have real confirmation that the market for alts is growing faster now than at any point in nearly a year. With this in mind, let’s see who stands to benefit most from this confirmed bullish trend.

Solana ($SOL)

Solana ($SOL) has recently been in the spotlight for all the wrong reasons. The reason for this is the memecoin casino. Especially the recent $LIBRA memecoin fiasco. It was an Argentinean memecoin to supposedly stimulate economic growth in Argentina. 

The project rugged and all that money isn’t coming back into crypto. Solana, Meteora, and Jupiter were in the crossfire for accommodating this coin. See our video on this topic. Solana paid the price for this. The current $SOL price is $140. That’s a 51.6% drop for its recent ATH of $293, only a month ago.

There’s also an 11.1 million $SOL unlock in 3 days’ time. Come 1st March, this $SOL, worth $1.56 billion, will hit the market. The prediction is for $SOL to go as low as $120-$125. However, in April, we should see a resurrection of $SOL and hit the $160 mark again. Remember when $SOL hit $8 back in December 2022? Solana is resilient, don’t forget that. 

Sonic ($S)

You may know Sonic ($S) when it was still Fantom ($FTM). Fantom got an overhaul and rebranded to Sonic. So, we’re in the thickest of DeFi here. 

Sonic launched a new Layer 1 chain, the Sonic chain. This improved speed and scalability. It also offers a better user experience now. The rebranding was completed in January this year.

There was also a big airdrop of $S tokens. However, you can still earn Sonic Points by being active on their platform. This will qualify you for more airdrops. The airdrops will go on for various seasons. You can earn points by,

  • Holding whitelisted assets (PP or Passive Points).
  • Deploy whitelisted assets (AP or Activity Points).
  • Use participating apps and earn App Points (Gems).

In case you still hold $FTM tokens, you can upgrade them 1:1 to $S. There’s a special portal for this. Just in case you hold your $FTM in your noncustodial wallet, as you should. All $FTM on exchanges should have swapped automatically to $S by now. Sonic also offers an active ecosystem.

The $S price has seen a very positive development. It’s currently at 73 cents. However, over the last 30 days it’s been up by 57%. The total and circulating supply is 2.175 billion $S tokens. Unfortunately, there’s an unlimited supply of $S tokens. So, not the best tokenomics. Nonetheless, looking at its recent performance, $S could go up to and beyond $1.

Ripple ($XRP)

Ripple ($XRP) manages to remain in the news. Between the end of 2018 and 2024, its price remained stable. However, towards the end of 2024, the $XRP price went parabolic. From 51 cents in early November, it went to $2.71 in early December. That’s an easy 5x. Its current top was at $3.31, in January this year. That’s only 9 cents away from its 2018 ATH.

Who would’ve thought that $XRP would see such a resurrection? However, one major factor was the ending of the long-lasting SEC lawsuit. That really started $XRP ‘s second life. Once that got out of the way, more positive news kept coming in for Ripple and $XRP.

For example, Ripple launched its own stablecoin, $RUSD. This is gaining adoption. RippleNet is also getting more widespread recognition. This is their global payment network. It’s part of the XRP Ledger. It makes the most out of $XRP’s speed and how cost-efficient it is. This should become the rails for TradFi for their international banking services.

$XRP was also in the running to be part of a Strategic Crypto Reserve. However, currently, it looks like the US will rather go for a Strategic Bitcoin Reserve. 

The current $XRP price is $2.30 and up by 6% for the day. $XRP has a great shot at breaking its previous ATH from 7 years ago.

If you’re looking to buy one of today’s coins, look no further. BYDFi is one of the easiest places to find these coins. You can trade spot markets without KYC. Give BYDFi a try today and get some bonuses for opening an account.

Ondo Finance ($ONDO)

No list is complete without a coin from the current hottest crypto sector. That’s RWA, and I picked the most promising RWA coin, Ondo Finance ($ONDO). RWA is destined to dominate the market. This can be as early as 2030. So, no rush. There’s plenty of time to position yourself.

I’ve said it before, and I’m going to say it again. If Larry Fink, BlackRock’s CEO, gets excited about a sector, you’re on to something. It seems as if he only talks about RWA. This sector will be big for both institutions and retail. Larry Fink, and the likes, are interested in tokenized T bonds.

That’s what Ondo offers with its $OUSG stablecoin. It’s backed by Short-Term US Government Treasuries. Moreover, Ondo also offers access for retail to these.  

Interestingly, Ondo announced a cooperation with Sui’s ecosystem platforms, like Navi Protocol. Thus, emphasizing the cross roads between TradFi and DeFi. 

Ondo also offers its $USDY stablecoin. This is a freely transferable yield coin. It’s available on 8 chains with a 4.35% APY. 

The current $ONDO price is lacking a bit, like most coins in the current market. It’s currently under $1, at 98 cents. A great entry point. Trump’s World Liberty Financial invested $5 million worth in $ONDO. Follow the money!

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

Copyright Altcoin Buzz Pte Ltd.

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