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Key Insights
- Best altcoins to buy candidates need identifiable catalysts beyond Bitcoin’s price advance.
- Venice Token, XRP, and Zcash have rallied alongside the broader crypto-market recovery.
- VVV burn mechanics, XRP ETF demand, and Zcash’s ETF filing provide separate fundamental drivers.
The crypto-market rebound has pushed Bitcoin toward $80,000 while several altcoins recorded larger percentage gains. Improving sentiment has also encouraged traders to move further along the risk curve after months of weaker crypto prices.
Venice Token, XRP, and Zcash stand out because each has project-specific catalysts alongside the broader market recovery. However, all three have already rallied sharply, making technical support and downside risk important before considering further upside.
Venice Token to Benefit From the Ongoing AI Boom
Venice Token (VVV) is one of the best altcoins to buy during this crypto bull run because of its role in the AI industry. It has become a top player in the AI industry, where it runs a platform that enables privacy searching on most models like ChatGPT and Claude.
The platform’s growth has accelerated, with traffic to its website rising by 15% in July to 15.30 million. This growth has led to more network fees and token burns since it uses its fees to burn these tokens. It has burned tokens worth over $570k this month, much higher than the $445k it burned last month.
Additionally, there are signs that the artificial intelligence boom is continuing, with top companies like OpenAI, Anthropic, and Moonshot publishing strong results. The initial two are expected to go public either this year or in 2028, with analysts predicting that Anthropic will be valued at over $2 trillion.
Technicals suggest that the VVV token has more room to go. It has already moved above the crucial resistance level of $14.83, its highest level on July 26. Also, the Relative Strength Index (RSI) has jumped to 80, and is still going upward.
As such, these technicals suggest that the token has more upside to go in the long term. More of these gains may see it jump to $21.3, its previous all-time high.
XRP is Seeing More Whale and ETF Demand
XRP is another top altcoin to buy, helped by its fundamentals and the ongoing whale and institutional demand. Data shows that spot XRP ETFs added over $18.3 million in assets on Friday, the fourth consecutive days of inflows.
It has now added over $39 million in assets this week, the sixth consecutive week of inflows. In total, these ETFs have added over $1.55 billion in assets since their inception, with their total assets under management (AUM) hitting $1.33 billion.
XRP is also seeing more demand from whales, who have continued to accumulate it in the past few months even as its price struggled.
At the same time, the XRP Ledger has started seeing more traction in the stablecoin industry. The Ripple USD (RLUSD) has gained a market capitalization of over $1.5 billion.
Technicals are relatively encouraging as well. It formed a large falling wedge pattern, which often leads to more gains. It has now moved above all moving averages, while the momentum is continuing.
Zcash Price to Benefit as Demand for Privacy Tokens Rise
Zcash is another top token to buy during this crypto market bull run. It has jumped in the last four consecutive days and is now hovering near its highest level this year.
The token has jumped above the crucial resistance level of $685, its highest level in May this year. It has continued to regain momentum and is nearing the important resistance level of $1,000. The Average Directional Index (ADX) and the Relative Strength Index (RSI) have all jumped.
Therefore, the token will likely continue rising in the coming months as demand continues to rise. The immediate target will be at $1,000, which is much higher than where it is today.
Source: www.kucoin.com
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