Top Crypto to Buy Now: Solana, Sonic, ETH, ADA, Hedera

Top Crypto to Buy Based on Tech Strength, Ecosystem, and Growth

This article explores five top trending crypto tokens Solana, Sonic, Ethereum, Cardano, and Hedera. These projects stand out for their strong technology, growing ecosystems, and increasing investor interest.

Solana (SOL)

The main factors influencing this growth are an increase in optimism regarding a SOL ETF in the future, rising institutional demand, and a greater presence in the derivative market, which explains why Solana (SOL) rallied 1.17 percent over the previous 24 hours. The SEC currently has a new suggestion whereby only cryptocurrencies which have at least six months of regulated futures trading such as SOL can be considered as eligible to be traded as a spot ETF. It is now trading at $180.61 with an increase of 1.98%. 

To some degree, the sources have already indicated that SOL is likely to be one of the first altcoins accepted as an ETF since the requirement is already met on multiple platforms, such as Coinbase Derivatives. The extra aid is seen through a CBOE proposal that can hasten route listings to September 2025.

In the meantime, Coinbase Derivatives will be trading nano SOL perpetual futures on August 18, providing U.S customers with further regulated trading opportunities. 

Solana is a fast and scalable blockchain that is designed to run apps, smart contracts, and DeFi, with lightning-speed transactions that costs low.

Benefits 

• It uses a combination of proof-of-history and proof- of-stake, to allow achieving shorter block times without compromising on network security and decentralization.

• Solana is rapidly becoming active in DeFi applications, NFTs, and games, thus appealing to users who manage to work with crypto on a daily basis, as well as developers.

• Institutional investor support.

Sonic (SONIC)

Sonic’s price jumped 20% in the past 24 hours currently trading at $0.3492, driven by excitement around its latest airdrop, strong technical signals, and increased activity across its ecosystem. On July 25, the Sonic Gems airdrop went live, releasing around 30 million $S tokens. Half of the tokens were available right away, while the other half will be unlocked over time. This setup helped prevent quick sell-offs and kept users engaged. 

In contrast to the initial airdrop on July 18, when $85 million was withdrawn from the network, the new design and reinforced support from the CrossCurve bridge stabilized deposits at $580 million. This increased confidence and activity throughout the Sonic chain.

Sonic is a next-gen blockchain that is superfast and rewards developers and acts as the foundation of DeFi in the future.

Benefits 

• Provides 400,000 deals per second and finality in less than a second, which is perfect in supporting DeFi applications that are fast-moving.

• The developers are paid up to 90 percent of said apps so that they may develop and maintain the ecosystems in the long-term as well as user interaction.

• Sonic Gateway provides secure and easy cross-chain access that increases liquidity.

Ethereum (ETH)

Ethereum's price increased by 1.52% over the last 24 hours to $3,856. This is primarily due to large investors purchasing additional ETH, spot ETFs gaining popularity, and technical charts indicating strong buy signals. One of the key highlights is the expansion of the Strategic ETH Reserve, which has surged to $10 billion, a 4,900% growth since April. 

Corporate purchasers added 2.73 million ETH in July alone, with Bitmine contributing $2.42 billion and SharpLink Gaming contributing $1.7 billion. ETH spot ETFs experienced $5.8 million of new inflows on July 30, taking cumulative net inflows to $9.6 billion since July 2024. BlackRock's ETHA ETF is spearheading the rush, accounting for 78% of recent ETF activity.

A suitable blockchain that permits the creation of smart contracts and lets anyone develop decentralized applications and create their tokens is Ethereum.

Benefits 

• Thousands of dApps, NFT marketplaces, and DeFi tools run on Ethereum.

• Its future updates will make the slow and expensive transactions a thing of the past since it will take shorter periods at low costs enhancing user experience and scalability.

• Ether is a popular and well-established utility token that developers use in apps. 

Cardano (ADA)

Cardano (ADA) registered a 1.3% increase in price over the last 24 hours trading at $0.7777 as a result of favorable regulatory developments, hopes of Cardano ETF adoption, and robust technical support. On July 30, the White House dropped a new report on crypto regulation that featured ADA as a project that is well-positioned by virtue of its compliance-designed structure. 

The SEC listed 18 tokens, including ADA, as qualifying new standards for exchange-traded products (ETPs) the following day, generating speculation over a potential ADA spot ETF.

Adding to the positivity, Cardano founder Charles Hoskinson told us on July 31 that ADA is a solid "yield layer" in Bitcoin DeFi. Meanwhile, the Altcoin Season Index rose 17% to 41, indicating money is beginning to flow from Bitcoin into altcoins such as Cardano. Technically, ADA is holding up at significant levels, with i.e. remaining above the $0.764 pivot and the 30-day moving average of $0.729.

Cardano is a proof-of-stake blockchain designed to be secure and transparent to allow the user to develop smart contracts and equitable digital solutions.

Benefits 

• Having received recognition in the sphere of academic research and peer-reviewed development, ADA has a solid basis among blockchain platforms.

• Its upgrade options make it possible to create dApps faster, enhancing its application across various industries such as education and retail.

• People also consider Cardano to be environmentally friendly thanks to its energy-saving staking system.

Hedera (HBAR)

Hedera (HBAR) has increased by 6 percent in the past 24 hours now stands at $0.2722 and the main reason is the shift in the market as the US Federal Reserve announced to leave the interest rate at the current level on July 30. It raised confidence across crypto and boosted riskier assets like HBAR, Ethereum and XRP. 

HBAR gained 5.7%, and the overall crypto market gained another 30 billion dollars of value in a single day. HBAR trading volume also rose by 47% to 636 million, showing that prices can be sustained by real investor demand to buy and not by speculation.

Hedera is a next-generation network, powered by hashgraph technology, that can offer real-world businesses and end-users enterprise-grade security, speed.

Benefits 

• It can process thousands of requests that occur every second with minimal charges that may be within the limits of most traditional blockchain networks.

• Big brands like Google and IBM help govern Hedera, increasing its trust and real-world adoption.

• HBAR fuels smart contracts, file storage, and staking, making it vital to Hedera’s efficient ecosystem operations. 

Conclusion

Each of these tokens offers something unique, from speed and scalability to smart contract innovation. They’re worth watching closely if you're looking for strong, future-ready options in the crypto space.