Best crypto to buy after U.S. – China trade truce
Crypto prices may be ripe for a strong bullish breakout after trade tensions between the U.S. and China eased and after U.S. consumer inflation rose less than expected in May.
A trade truce between the two biggest economies will lower tensions and possibly attract investors back to risky assets. At the same time, the U.S. inflation report means that the Federal Reserve may decide to cut interest rates earlier than expected.
The top crypto coins to invest in after the U.S. and China trade truce are those with strong fundamentals and technicals. Some of the most notable ones are Maple Finance (SYRUP), Solana (SOL), and Binance Coin (BNB).
1. Maple Finance
Maple Finance is one of the fastest-growing crypto projects this year. It is an asset manager leveraging blockchain technology to raise capital and provide credit to institutions.
Maple recently crossed $2.2 billion in assets under management, while monthly protocol revenue jumped to a record high of $1.06 million. More data shows that the amount of staked SYRUP tokens has risen to over 444.1 million, while the staking APY has increased to 2.8%.
SYRUP has been one of the best-performing cryptocurrencies, jumping 510% from its lowest point in April. It recently invalidated the double-top pattern by moving above the key resistance at $0.4700.
The Maple Finance price will likely retreat and retest the support at $0.4700, then resume the uptrend.
2. SolanaÂ
Solana is another top crypto to invest in because of its solid fundamentals and technicals, which point to a surge to $500.
Nansen data shows that Solana is the most active blockchain, handling over 474 million transactions in the last seven days. It had over 32 million daily active transactions in the same period.
Solana is the most popular chain for meme coins, with those in its ecosystem having a market cap of over $11 billion. Its DEX protocols, like Raydium and Orca, are highly popular, and its network fees are rising.
The weekly chart shows that the SOL price has formed a cup-and-handle pattern. Since the cup has a depth of 96%, measuring the same distance from the cup’s upper side gives it a target of over $500.
3. Binance Coin
BNB is another quality crypto token to buy as its growth accelerates. Like Solana, its active transactions and addresses have risen in the past few months. Most importantly, it has become the biggest player in decentralized exchanges, handling over $140 billion in transactions in the last 30 days.
BNB is also highly deflationary, as it incinerates tokens worth over $1 billion per quarter. Its goal is to reduce the number of tokens in circulation from 144 million today to 100 million. The BNB price has also formed a cup-and-handle pattern, giving it a target of $1,141.
