{"id":226594,"date":"2024-01-10T00:42:02","date_gmt":"2024-01-09T19:12:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/top-altcoins-to-buy-january-9-sol-link-sei-crypto-news\/"},"modified":"2024-01-10T00:42:05","modified_gmt":"2024-01-09T19:12:05","slug":"top-altcoins-to-buy-january-9-sol-link-sei-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/top-altcoins-to-buy-january-9-sol-link-sei-crypto-news\/","title":{"rendered":"Top Altcoins To Buy January 9: SOL, LINK, SEI – Crypto News"},"content":{"rendered":"

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\nChainlink (LINK), Solana (SOL), and SEI present key entry opportunities among top altcoins ahead of spot BTC ETF approval this week.\t\t\t\t<\/p>\n

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Published 10 mins ago <\/p>\n

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As investors scratch their heads, wondering whether it is a good time to buy Bitcoin and crypto or look elsewhere for opportunities, some top altcoins are standing out, and promising outsized returns after the Securities and Exchange Commission (SEC)\u00a0approves spot BTC exchange-traded funds (ETFs)<\/span><\/a>\u00a0in the US.<\/p>\n

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Bitcoin Price To Lead ETF-Driven Rally<\/h2>\n

Bitcoin showed substantial strength on Monday, briefly breaking above $47,000. Altcoins like Ethereum, Solana, Lido, and more moved in tandem with BTC but the crypto rally had cooled off on Tuesday.<\/p>\n

Nodding to Bitcoin spot ETFs is believed to be one of the major events expected in 2024. These ETFs would include participants from the traditional finance sector, who for a long time, have stayed away from Bitcoin and crypto amid fears of volatility, manipulation, and complex custody requirements.<\/p>\n

The anticipated influx of capital into the market has the potential to drive demand for BTC to the roof, thus creating an environment suitable for a commendable breakout.<\/p>\n

While the ETF could directly impact the price of Bitcoin, enhanced investor sentiment would be a catalyst for altcoins like Solana (SOL), Chainlink (LINK), and SEI to rally tremendously.<\/p>\n

Besides, the crypto market has generally sustained an uptrend since mid-October meaning that with a slight boost, a bull run could be born.<\/p>\n

Recommended for you:<\/b>\u00a0Ethereum Price Rally Hiatus Eyes Fresh Liquidity With Spot BTC ETF Approaching<\/span><\/a><\/span><\/p>\n

Top Altcoin Chainlink Confirms Breakout<\/h2>\n

After successfully facing a break or make moment at the recent support \u2014 $13,\u00a0Chainlink price<\/span><\/a>\u00a0climbed to $14.4 on Monday. Although the move was solid, its encounter with the falling wedge trendline resistance saw LINK rolling back to $13.5 at the time of writing.<\/p>\n

Investors piquing interest in Chainlink could aim for dollar-cost average (DCA) ahead of an anticipated wedge breakout. Despite the bullish expectations, the Oracle token might drop further to retest $13.5 before reaching out for the wedge breakout.<\/p>\n

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This short-term bearish analysis aligns with an incoming sell signal from the Moving Average Convergence Divergence (MACD) indicator. In that case, patient traders might choose to wait until Chainlink either breaks above the wedge or retests $13.5 support before taking action.<\/p>\n

\"Chainlink