Top 3 Altcoins to Buy for Quick Gains in January

Bitcoin and a number of its crypto peers have pulled back in recent days following an explosive rally attributed to positive sentiment following Trump’s victory in the US elections in 2024.

Source: Brave New Coin Bitcoin Liquid Index (BLX)

However, experts are convinced that crypto assets will resume their rally heading into next year. Fundstrat’s Tom Lee, for example, sees a bunch of altcoins doing “extremely well” in 2025.

Here are three altcoins that look well-positioned for quick gains in January. For investors looking for the best crypto to buy now, these could be good options.

1. Solana (SOL)

Solana has been in a downtrend ever since it printed a record high of $264 on November 22nd – but technicals continue to signal a potential rebound in this digital asset in early 2025.

The native cryptocurrency of the Solana blockchain is currently trading only slightly below a key resistance at the $195 level. A potential breakout could clear the path for its price to hit $221 by the end of January.

For reference, that translates to about an 18% upside from here.

Investors could also take heart in the fact that SOL remains comfortably above a strong support at the $178 level, which further strengthens the case for quick gains in January.

Source: TradingView

Continued growth at decentralized platforms like Raydium and Pumpfun that are built on the Solana blockchain could help unlock further upside in SOL as well.

Plus, the upcoming Firedancer update and the prospect of Solana ETFs under the new government must not be ignored. Put together, these developments could see this altcoin well over double from here to $500 over the next 12 months, according to Mert Mumtaz – the founder of Helius. A Solana price prediction should see Solana to $500 if the market can ignite alt season.

2. Polkadot (DOT)

Polkadot is in the same league as Solana.

It has pulled back significantly from a high of over $11 to a low of under $7 in December – but the technical momentum continues to paint a rosy picture of what the future may hold for DOT.

Polkadot is currently in the corrective phase of a potential Elliott Wave. Its price is approaching the 0.618 Fibonacci level – a rebound from where it could trigger an impulsive wave targeting higher Fibonacci levels of 1.0 or even 1.272, potentially pushing DOT to a new high of $16.14 in January.

Additionally, the Relative Strength Index (RSI) places this altcoin in oversold territory as well. So, the possibility of a potential rebound in DOT that delivers quick gains in January seems all the more likely. Altcoin price predictions for Polkadot remain strong,

Source: TradingView

Note that Polkadot will soon launch new parachains aimed at further improving the scalability and interoperability of its ecosystem. The new parachains may unlock a bunch of new use cases, potentially increasing the demand and, thus, the price of DOT over the next four-to-five weeks.

3. Hyperliquid (HYPE)

HYPE is different from the other two altcoins on this list in that it hasn’t pulled back as sharply in recent weeks as DOT and SOL. Why? Primarily because Hyperliquid recently opted for a massive airdrop that not only increased trading activity but helped improve the platform’s market presence as well.

Nonetheless, there’s reason to believe that HYPE will extend its ongoing rally into the coming year. The altcoin tested a key resistance at the $29 level on Monday – and a potential breakout could pave the way for it to hit $40 over the next four-to-five weeks.

Source: TradingView

That’s what makes it a good candidate for quick gains in January. In fact, Ryan Watkins, a former senior research analyst of Messari who co-founded Syncrasy Capital in 2022, expects Hyperliquid to become the “top blockchain by fees generated in 2025.”

Watkins is bullish on HYPE since it “vertically integrates almost all the most profitable business in crypto’s history: exchange (spot + derivatives) + blockspace (HyperEVM),” as per his recent post on X.

Crypto investors wondering what is the best crypto to buy now, and what the best altcoins are, should consider these crypto assets that may offer substantial returns throughout the next year.