2025-05-03 06:59:34 by CoinGape

Bitcoin and most altcoins have registered steady gains in the last two weeks despite the lack of a resolution in the ongoing US-China trade war. Investors seem to be flocking to crypto assets to hedge against a weakening dollar, with most looking to buy altcoins with the potential to make gains. A New York Times report has stated that China will only hold talks with US officials if tariffs are cancelled first, a move that has seen traders buy altcoins to hedge against macro uncertainty. According to China’s Commerce Ministry, “If the United States does not correct its wrong unilateral tariff measures, it means that the United States has no sincerity at all and will further damage the mutual trust between the two sides.” This statement indicates a lack of resolution in the near term, which is exerting downward pressure on the US dollar, with the DXY plummeting to the lowest level in more than four years. As the dollar weakens, the Federal Reserve may trim interest rates despite data from CME FedWatchTool showing that 97% of investors do not expect rate cuts at the May 7 FOMC meeting. CME FedWatch ToolIf the Fed is pressured to trim rates given the current conditions around tariffs, the greenback will likely plunge further, and this will bolster demand for assets like gold, silver and Bitcoin, with BTC already surging by 14% in the last two weeks. Altcoins, including Solana, Fartcoin and SUI, have also been making notable gains, making them good tokens to buy. Altcoins to Watch Amid Tariff War The altcoins that are on top of the leaderboard and have the potential to make 10x gains amid the ongoing tariff war include SOL, FARTCOIN and SUI. Let’s explore why. Solana (SOL) Solana trades at $148 today with a slight 1.21% decline in 24 hours, and one of the reasons why it is among the top altcoins to buy is its resilience in 2025 despite macro concerns. Moreover, SOL’s daily chart shows that the altcoin has created a W pattern, which supports a bullish Solana price prediction if it can defend support at $148. If SOL bounces above $150, it faces the next resistance at $180, after which the rally might extend to $270. SOL/USDT: 1-day ChartSui (SUI) SUI has been making waves across the crypto market recently as one of the altcoins to watch because of a surge in blockchain activity. Data from DeFiLlama shows that last month, SUI added $4 billion to its DEX volumes, causing an over 45% price gain. If this metric surges again this month as traders flock to this altcoin due to tariffs, it may register more gains. SUI DEX VolumesFartcoin (FARTCOIN) The other altcoin to buy is FARTCOIN, which is currently one of the top-performing meme coins. The token trades within an ascending parallel channel, suggesting that a bullish momentum is in play. This bullish strength is also confirmed by the rising RSI, and if FARTCOIN can overcome resistance at $1.29, the meme coin eyes a parabolic rally to $2.75. FARTCOIN/USDT: 1-day ChartSummary of Top Altcoins to Buy The ongoing tariff war between China and the US has fueled speculation that assets like gold, silver, Bitcoin, and altcoins are the best options to buy as the US dollar extends its downward trend. SOL, SUI, and FARTCOIN are some of the top altcoins that are outperforming the rest of the crypto market despite hurdles in President Trump’s negotiations with China. Frequently Asked Questions (FAQs) Some of the top altcoins to buy if President Trump’s negotiations with China fail include SOL, FARTCOIN and SUI. These altcoins have a solid technical outlook and solid fundamentals. Solana is leading the crypto market recovery as SOL meme coins outperform the broader crypto market. Meme coins have previously triggered a parabolic rally for SOL to all-time highs. FARTCOIN has the potential to outperform other meme coins. However, to emerge as the largest altcoin, its market cap has to surge by over 26 times to reach DOGE, which is not possible in the near term. muthoni Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.