Cryptocurrency prices went parabolic during the weekend as the community cheered the Donald Trump inauguration and the end of Gary Gensler’s tenure at the SEC. Some tokens like Official Trump (TRUMP) and Official Melania (MELANIA) have all surged and minted millionaires. So, here are some of the other top crypto tokens that could give you 50x gains in Q1.
Ondo Finance (ONDO)
Ondo Finance is one of the leading players in the Real World Asset (RWA) tokenization industry. It offers two main products, US Dollar Yield (USDY) and US Treasuries (OUSG) that have accumulated millions of dollars in assets.
Ondo token has numerous catalysts like the growing total value locked (TVL) and the fact that the tokenization industry is expected to be a multi-trillion one over time. The token has also received investments from Donald Trump’s World Liberty Financial.
Ondo token has formed a falling wedge chart pattern, a sign that it will bounce back in the next few days. The initial target for the price will be $2.1455, its all-time. A move above that level will point to future gains, potentially to the next psychological level at $5.
Hyperliquid (HYPE)
Hyperliquid is one of the best crypto tokens to buy and hold for 50x gains. HYPE is the native token for Hyperliquid, which has become the biggest players in the perpetual trading industry in crypto. Data shows that Hyperliquid handled over $20 billion in perpetual futures in the last 24 hours, bringing its total volume in the last seven days to $70 billion.
The four-hour chart shows that the Hyperliquid price peaked at $35 after its airdrop in 2024. It has now dropped by about 30% to the current $21.80. The coin has also formed a falling wedge chart pattern, a popular bullish reversal sign. It broke out above the upper side of this wedge and retested it.
Therefore, the token will likely continue rising as bulls target the next key resistance point at $35, up by about 61% from the current level.
Hedera Hashgraph (HBAR)
Hedera Hashgraph is another top cryptocurrency to buy and hold for potentially high rewards. It has already jumped by over 706% from the lowest level in 2024 as hopes of a HBAR ETF approval rises.
Most importantly, Hedera has formed a bullish pennant chart pattern, a popular continuation sign. This pattern is made up of a long vertical line and a symmetrical triangle pattern and often leads to a strong rally.
HBAR remains above all moving averages, signaling that bulls are still in control. Therefore, the Hedera Hashgraph price will likely go vertical and possibly hit the key point at $1.
Algorand (ALGO)
The Algorand price has done well in the past few months as it jumped from a low of $0.0933 in August last year to $0.47. It recently rebounded from a low of $0.2850 in December to the current level. It has formed a small inverse head and shoulders pattern and remained above all moving averages.
Algorand has also formed what looks like a cup and handle chart pattern and remained above the 50-day and 100-day moving averages. Therefore, the coin will likely continue rising as bulls target the 2024 high of $0.6120.
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