Best Crypto to Buy as Gemini and Kraken IPO Nears

Cryptocurrency investors are buzzing as major exchanges Gemini and Kraken edge closer to their IPOs. Following Circle’s hugely successful IPO, experts are eyeing digital assets like BNB, Bitcoin Pepe, and Solana as potential opportunities. BNB and Solana have each formed bullish cup-and-handle patterns, while Bitcoin Pepe gains momentum ahead of its exchange listings. Investors are warned to act quickly with Bitcoin Pepe’s rising interest.

As the cryptocurrency market buzzes with excitement, upcoming initial public offerings (IPOs) from major exchanges such as Gemini and Kraken are sparking interest. Following the impressive listing from Circle, which saw a $20 billion valuation, these exchanges are set to make significant announcements soon. Investors are now looking to identify the best crypto options before these IPOs.

The notable development this week involves Circle’s IPO, which exceeded expectations, resulting in a dramatic 200% surge for its stock. The success of this listing may pave the way for further public offerings in the crypto sector. Kraken, currently the second-largest crypto exchange in the US, has stated that it plans to go public in the next year, especially now that the SEC has dropped its ongoing charges against the company.

Meanwhile, Gemini—founded by the Winklevoss twins—has submitted its application for SEC approval to list. This move indicates that the exchange could launch its IPO as early as the second or third quarter of this year. As anticipation builds, experts suggest that investors keep an eye on cryptocurrencies like BNB, Bitcoin Pepe, and Solana as promising buys for long-term gains.

Focusing on BNB, or Binance Coin, it stands out as a good purchase thanks to its solid fundamentals and technical signals. It is the top blockchain by total value locked and has captured a substantial share of the decentralized exchange volume. Additionally, BNB has a deflationary mechanism which includes two types of token burns—one linked to gas fees and another to block rewards—resulting in over $1 billion worth of tokens being removed from circulation every quarter.

Chart analysis shows that BNB has formed a distinctive cup-and-handle pattern, with the cup having a 70% depth. If the price moves to the top side of the cup, expected gains could push BNB above $1,100. Though this projection looks optimistic, the market should be monitored closely.

Turning to Solana, it remains a strong contender in the crypto space, specifically within meme coins and decentralized public infrastructure. Upcoming SEC approvals for spot ETFs are likely to further bolster its market position. Similar to BNB, Solana is also forming a cup-and-handle pattern, with a depth of around 96%. If forecasts are accurate, this could set Solana’s price target to exceed $500.

Lastly, Bitcoin Pepe is gaining traction as a fresh player in the meme coin arena, currently engaged in presale activities. Its viral success is drawing notable investment interest. Bitcoin Pepe aims to replicate the success of projects like Base and Arbitrum, which introduced innovative layer-2 solutions for Ethereum. By enabling developers to craft meme coins on Bitcoin technology, Bitcoin Pepe aims to disrupt the current landscape just as Ordinals transformed the NFT sector.

With announcements regarding exchange listings expected soon for Bitcoin Pepe, investors who are interested should act quickly to buy in before its potential breakout raises prices further. This dynamic landscape surrounding the upcoming IPOs of Gemini and Kraken is providing a noteworthy backdrop for investment strategies in the cryptocurrency market.