Top 5 best crypto to buy today, backed by solid fundamentals

The crypto market has remained on edge this year, with Bitcoin and most altcoins falling into a bear market.

Still, beneath the surface, some cryptocurrencies are doing relatively well, meaning that they will rebound over time.

Hyperliquid (HYPE)

HYPE is one of the best crypto tokens to buy today because of its strong fundamentals.

Data shows that Hyperliquid has become one of the top beneficiaries of the ongoing Iran war because of its booming perpetual oil contracts. 

According to DeFi Llama, the volume handled in the platform soared to over $207 billion.

This volume was much higher than other perpetual DEX platforms like Aster, Lighter, and edgeX, combined. 

Hyperliquid’s fees have jumped in this period, allowing the network to increase its token burns and buybacks.

This trend will likely continue as the network ventures into the booming prediction markets. Therefore, the HYPE token will likely bounce back in the coming months.

Ethereum (ETH)

Ethereum is another best crypto to buy because of its strong fundamentals.

The network has the biggest market share in key industries like decentralized finance (DeFi) and real-world asset (RWA) tokenization.

Ethereum is seeing strong purchasing from BitMine, which sees it as the best cryptocurrency in the industry.

Additionally, the coin’s supply in exchanges has continued falling this year and is now hovering at the lowest level in years.

Ethereum’s staking demand continues rising, with the staking queue rising to a record high this year.

As we wrote in the BitMine stock price forecast, Ethereum has formed an inverted head-and-shoulders pattern, pointing to more upside over time.

Ripple (XRP)

XRP is another top crypto to buy, even as it remains in a technical bear market.

The token has some notable fundamentals, including the growing market share in the stablecoin industry, where the Ripple USD (RLUSD) stablecoin has continued gaining market share. 

RLUSD now holds over $1.4 billion in assets, a trend that may continue accelerating in the foreseeable future.

Additionally, like Ethereum, the supply of XRP tokens in exchanges has continued falling in the past few months.

Ripple Labs has also continued acquiring licenses, a move that will help it become a major player in the payments industry.

It recently received licenses from the UK and Luxembourg, and is now working to gain a license from Australia.

Chainlink (LINK)

Chainlink is another top crypto to buy as its role in the industry continues to grow.

It is the biggest player in the oracle industry, with the total value secured (TVS) growing to over $39 billion.

This TVS is much higher than other oracle networks like Chronicle, Internal, Pyth, and RedStone.

Chainlink has also become a major player in the RWA industry, thanks to its partnerships with the biggest companies in the industry like JPMorgan, ANZ, Swift, DCCC, and Coinbase.

Chainlink is also accumulating more LINK tokens through its Strategic LINK Reserves, which have now accumulated over $24 million worth of tokens.

Morpho (MORPHO)

Morpho is another top crypto to buy today, thanks to its role in the decentralized finance (DeFi) industry. Data shows that the total value locked has jumped to over $7 billion.

Morpho has linked major partnerships, including with companies like Apollo Global Management and Coinbase. Apollo will buy millions of MORPHO tokens in the coming months. 

Morpho token will likely continue doing well in the coming months as its growth in the lending industry continues growing. 

Some of the other tokens to buy are AAVE, Aster, Solana, and Canton Network.