Best crypto to buy as Circle considers a sale to Ripple Labs

One of the top crypto-related news stories was that Circle, the creator of USD Coin, was considering selling itself to either Coinbase or Ripple Labs ahead of its Initial Public Offering (IPO). Such a move would likely have an impact on some cryptocurrencies. 

This article explains some of the best crypto to buy if Circle sells itself to Coinbase or Ripple Labs. They include popular coins like XRP, Bitcoin Pepe, and Stellar Lumens (XLM).

XRP 

A deal for Ripple Labs to acquire Circle would be good for the XRP token because of its impact on the business. The most low-hanging fruit would be to integrate USDC into the XRP Ledger network. 

Such a move would likely lead to more fees for the XRP Ledger network, which would, in turn, lead to higher fees for the network and XRP token burn. 

Also, the USDC token will complement the recently launched Ripple USD (RLUSD), which has gained a market cap of over $313 million.

The XRP token has formed an inverse head and shoulders pattern, a popular bullish sign. Its head section is at $1.1615, while the shoulders section is around $2.0. 

XRP has moved above the 50-day and 25-day Exponential Moving Averages (EMA). Therefore, there are chances that the XRP price will continue rising as bulls target the key resistance point at $3, up by 27% from the current level.

Stellar Lumens (XLM)

Stellar’s XLM is another top crypto to buy if Ripple buys Circle because it is often seen as Ripple’s little cousin. Like Ripple, it aims to be a major player in the payment industry by introducing low-cost transactions to the network. Also, the biggest part of Stellar’s business is handling USDC stablecoin.

The XLM price has remained under pressure in the past few months, moving from a high of $0.6360 to the current $02870. On the positive side, it has moved above the 50-day and 100-day EMAs. It has also formed a small bullish flag chart pattern, a popular continuation sign.

Therefore, the XLM price will likely rise in the coming weeks. If this happens, the next point to watch will be at $0.50, which is about 75% above the current level. A drop below the support at $0.2500 will invalidate the bullish outlook.

Bitcoin Pepe (BPEP)

Bitcoin Pepe is another top crypto to buy this year. Currently in its presale, the developers have raised over $10 million from investors, making it one of the best-performing token sales. 

Bitcoin Pepe is aiming to disrupt the crypto industry by launching the first meme focused layer-2 network for Bitcoin. It will be a faster network with instant finality and ultra low fees.

Bitcoin Pepe is launching at a time when there is demand for Bitcoin-based assets. For example, the total value locked in the Bitcoin ecosystem has jumped to over $9 billion, a figure that has continued to grow. You can buy the Bitcoin Pepe here.