Crypto tokens remain in a bear market, with many of them falling by more than ten percent from their highest levels this year. Bitcoin price has crashed by almost 25% from its highest point this year, while the total market cap of all coins has dropped by over $1 trillion.
Crypto Tokens To Buy As M2 Money Supply Rises
Bitcoin and altcoins have potential catalysts that could push them higher in the coming months. For instance, the Federal Reserve might begin reducing interest rates, and the SEC could approve several crypto ETFs.
The other catalyst is that the M2 money supply continues to rise this year. The M2 supply in the US has jumped to almost $22 trillion, while China’s M2 has soared to over 320 trillion yuan. This trend is happening in other countries, including Germany and France.
Cryptocurrency prices often rise when the M2 money supply is rising. So, in this case, some of the top tokens to buy are Sonic (S), Berachain (BERA), and Chainlink (LINK).
READ MORE: Bitcoin Price Prediction: This is the BTC Level to Worry About
Sonic (S)
Sonic is one of the best crypto tokens to buy as the global M2 money supply rises. Formerly known as Fantom, Sonic has become one of the fastest-growing players in the cryptocurrency industry.
For example, the total value locked (TVL) in the Sonic ecosystem has jumped to over $679 billion. The total bridged TVL has soared to over $1.03 billion, while the total stablecoins in the network have jumped to over $281 million. The biggest players in the Sonic ecosystem are Beets, Silo Finance, Avalon Labs, and AAVE.
Therefore, while the Sonic price has crashed by over 54% from its highest level this year, its strong fundamentals are likely to help it bounce back.
Berachain (BERA)
Berachain is another top crypto to buy as the global M2 money supply continues rising. Like Sonic, Berachain has some of the best fundamentals within the crypto industry. It is a viral blockchain network that has attracted tens of developers.
Berachain has grown to become the sixth biggest chain in the blockchain industry with about $3 billion in TVL. It also has over $1.2 billion in stablecoin market cap, much higher than other popular chains like Cardano and Avalanche. Therefore, the BERA price will likely have a strong bullish breakout in the future.
Chainlink (LINK)
Chainlink is one of the top crypto tokens to buy as the global M2 money supply rises. LINK is a good coin to buy because of its strong fundamentals and technicals. It is the biggest oracle network in crypto, connecting off-chain data to the on-chain.
Chainlink also created the Cross-Chain Interoperable Protocol (CCIP), which lets multiple chains interact. This is a crucial development in Real-World Asset (RWA) tokenization. As we wrote this week, it has formed a giant megaphone pattern, signaling further gains ahead.
As the M2 money supply jumps, many other crypto tokens are worth buying. Some of the most notable are Arkham (ARKM), Hedera Hashgraph (HBAR), and meme coins like Pepe and Dogecoin.
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