Best Cryptocurrencies to Buy Today, May 16 – Tron, Solana, Aave
Highlights:
- TRON gains over 9% this week after switching to Chainlink and rising blockchain activity.
- Solana has formed a cup and handle pattern with strong bullish signs and targets above $390 if the breakout holds.
- Aave jumps over 4% after the PEPE token proposal passes with strong community support.
The overall crypto market is up today after a minor correction yesterday. At press time, the global market cap is at $3.32 trillion, a 0.08% increase in the past day. In addition, the total trading volume is up 11.46% to $134.33 billion. The fear and greed index has remained in the greed zone at an index of 69. The index has stayed in the greed zone for the past 10 days after a period of fear in the market for the past few months.
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Most of the top 10 coins are trading in the green zone on the weekly chart, confirming the return of investors to the crypto market. BTC is facing a crucial resistance at the $104,000 zone and a major support zone at $102,860. The coin must breach the critical resistance zone to reach the predicted price of $110,000. After the slight correction yesterday, here are the best cryptocurrencies to buy today.
Best Cryptocurrencies to Buy Today
1. TRON (TRX)
The native coin of the TRON blockchain is trading at $0.2778, a 1.94% increase in the past day. Its trading volume has increased by 11.72% to $1.08 billion, while the market cap stands at $26.36 billion. In addition, the coin has gained 9.07% and 10.37% on the weekly and monthly charts, respectively.
The surge in the price of TRX has been contributed by network activity of the blockchain. Recently, TRON adopted the Chainlink Data Feeds as its primary oracle solution. Chainlink replaces the WINkLink alternative it has been using. The shift comes months after the blockchain joined Chainlink SCALE last year.
.@chainlink on TRON is live now https://t.co/oQZFnoOKMH
— H.E. Justin Sun 🍌 (@justinsuntron) May 15, 2025
The shift to Chainlink enables the network to access real-time market data without worrying about risks of being manipulated. In addition, Chainlink enables on-chain trading of tokenized assets. The adoption of Chainlink and the rise in its TVL are expected to push the price of its native token higher.
2. Solana (SOL)
SOL is currently trading at around $172.89, with a slight 0.44% decrease in the past day. Its trading volume has increased by 9.44% to $4.52 billion, while the market cap stands at $89.85 billion. Despite the bearish price of the coin today, it has gained 6.45% in the past week.
On the weekly chart, Solana has formed a perfect cup and handle pattern, according to crypto analyst Ali. The coin is approaching a key resistance near $210. Bulls have successfully pushed the price above the handle’s descending trendline, and the breakout suggests strong bullish momentum.
#Solana $SOL above $200 is an instant buy, as it could be breaking out of this massive cup-and-handle pattern! pic.twitter.com/cE2XUSTGLJ
— Ali (@ali_charts) May 15, 2025
The next target sits around $390 if the breakout confirms and major support remains near $120.00. The pattern began in late 2022 and matured in 2025. Buyers must hold above $150.00 to keep momentum. The analyst projects a target of $1,350 if the pattern plays out fully.
3. Aave (AAVE)
The native token of Aave, a decentralized finance protocol, is trading at $235.78, a 4.57% increase in the past day. In addition, the trading volume has increased 63.71% to $433.95 million. Meanwhile, the market value of the coin stands at $3.56 billion.
The upswing of the price of the coin comes after a major governance proposal vote. The proposal, known as TEMP CHECK, proposed adding PEPE as a supported asset on the AAVE collateral system. The proposal aimed at the growth of stablecoins and increasing the protocol liquidation income. The vote passed with 76.76% support. After passing, PEPE will proceed to risk assessment and other formal governance steps.
Aave approves PEPE as first meme coin collateral
The @aave community approved a governance proposal with 76.76% support to add $PEPE as the first meme coin collateral on the platform, according to JinSe Finance. The proposal targets Aave V3’s isolated market and aims to expand…
— CoinNess Global (@CoinnessGL) May 15, 2025
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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