TRX, C, SQD: Best Altcoins To Buy Today As Bitcoin Sustains Market Dominance

Bitcoin’s (BTC) price has shown strong resilience today, as it changes hands within a narrow range between $118,629 and $118,823. The apex cryptocurrency’s 24-hour trading volume stands at $38.23 billion, raising concerns among investors as it is a notable decline compared to previous peaks.

The intraday range, from $117,953 to $119,754, highlights a price consolidation for BTC amid reduced volatility, with technical indicators signalling a potential pause in the bullish momentum.

However, Bitcoin continues its market dominance, which rose 0.43% to 60.63% in 24 hours, while the Altcoin Season Index sits at 40/100, which is firmly in the Bitcoin Season Territory. This continues a 30-day trend where altcoins gained ground but failed to sustain momentum against BTC’s ETF-driven institutional inflows, which means that investors still prefer the “digital gold” during market uncertainty, thereby delaying a full altcoin season.

Despite failing to sustain market momentum, several altcoins managed to register respectable gains in the last 24 hours, driven by ecosystem and technical factors. Tron (TRX), XRP, and Chainbase (C) have been among the day’s top performers.

Best Altcoins to Buy Today

Tron

On Monday, Tron Inc., the crypto firm led by Tron network founder Justin Sun, filed with the US Securities and Exchange Commission (SEC) for a $1 billion securities offering to fund the expansion of its TRX token treasury. The company plans to raise capital through stocks and bonds, and other securities to buy the native token of the Tron blockchain for its corporate reserves and maintain the blockchain ecosystem.

Tron Inc. was formed through a reverse merger with SRM Entertainment in June and is a publicly listed US company, trading under the ticker symbol TRON on the Nasdaq exchange. It already holds over 365 TRX, worth about $119.3 million, in reserves. Since the merger, TRON’s price has jumped more than 1,300%, from below $1 to above $11.80, propelling its market capitalization to over $200 million.

The company also released its Q2 2025 financial report, which stated that the Tron network now handles 50.6% of all USDT transactions and processed $80.8 billion in stablecoin transfers in the last three months. This is more than the number of stablecoin transactions managed by Ethereum. While the total value locked (TVL) on Tron-based DApps fell by 22% in the last 12 months, TRX is now positioned as a pure-play stablecoin infrastructure token.

Market analyst and TradingView author Lingrid wrote in an X post that the price of TRX surged beyond a key resistance line after multiple consolidations and a triangle breakout, setting the stage for a clean bullish continuation. It is currently holding above the trendline, showing higher lows and grinding along its support zone. She suggested that if this structure remains intact, then a move toward the $0.35-$0.36 target zone is “increasingly probable” for TRX, and the rally is valid as long as the price maintains above the $0.31 consolidation support.

At the time of writing, Tron (TRX) is trading at $0.3299, up 2.39% in the last 24 hours.

Chainbase (C)

C, the native cryptocurrency of the cross-chain AI data infrastructure layer Chainbase, has seen its price grow over 14% in the last 24 hours. The rally is being driven by Binance-led incentives, AI and data tailwinds, and technical breakout signals. The token’s 93% gain in 30 days is outpacing BTC by 18.3% and ETH by 11.8%.

Binance Square launched a token reward campaign for Chainbase on July 21 on its CreatorPad platform, allowing verified users to engage in tasks and earn C tokens. The event, which runs until October 21, 2025, requires Binance users to trade a minimum of $20 in C tokens through spot, futures, or convert transactions to qualify for a share of the $100,000 reward pool.

The rewards are divided among top creators and remaining participants, with the top 100 on the Square Creator Leaderboard equally sharing $10,000 in C tokens, and the top 300 creators on the Chainbase Project Leaderboard sharing $70,000 in C proportional to their engagement. Remaining eligible participants who complete all tasks will equally share $20,000 worth of C.

The campaign was directly responsible for boosting C’s trading volume, which grew a whopping 144% in 24 hours to $213 million. This follows Binance’s July 18 listing of the token, which triggered the ongoing rally.

Chainbase’s growth also aligns with AI/data tailwinds, such as NVIDIA achieving a $4 trillion market cap after the Trump administration eased restrictions on US chip exports to China. The 60% increase in crypto derivatives trading volume, which currently stands at $1.55 trillion, signals a risk-on altcoin appetite among investors, another key catalyst for C’s price performance.

Crypto analyst “BuddyKing” noted that the C/USDT trading pair is consolidating inside a symmetrical triangle on the 4-hour chart, approaching a lower edge, which is a classic bullish momentum pattern for a potential price breakout. He added that if C moves above its support level between $0.038 and $0.42, then it is a bullish confirmation, but if the price drops below the $0.31 support zone, then C could endure a bearish market.

At the time of writing, Chainbase (C) is trading at $0.3924, up 11.18% in the last 24 hours.

Also Read: Crypto Presale to Buy Now

Data Storage Engine SQD Network (SQD)

Decentralized data lake and query engine Subsquid saw the price of its native SQD token surge more than 30% in the last 24 hours as a result of the momentum created by its convertible bond offering, rebranding from a developer-oriented to an institutional-grade network, and bullish technicals.

On July 17, SQD Network, formerly Subsquid, announced a EUR 15 million ($17.03 million) convertible bond issuance aimed at securing non-dilutive funding for expanding the firm’s decentralized data services to cement its market presence and development efforts among blockchain infrastructure projects. This offering typically attracts institutional capital while avoiding immediate equity dilution.

The bond issuance has enhanced market liquidity and investor interest for SQD, and the token’s listing on Coinbase earlier this month has contributed to a surge in spot liquidity, doubling its price in recent weeks. It opens a pathway for institutional capital inflow to SQD and aligns with the industry trend of supporting infrastructure projects, suggesting increased investments in blockchain data services.

Subsquid also underwent a rebrand, now calling itself the SQD Network, emphasizing its shift from a developer-focused toolkit to an institutional-grade data layer. According to a list of metrics shared on X, the platform manages 2.4 petabytes (PB) of stored data – 1PB equals 1,000TB or 1 million GB – and served the requirement for 770TB in 90 days. There are currently 2,853 active worker nodes on the platform, which have bonded 289 million SQD tokens, worth about $58 million. It handles 4.65 million daily queries across 200+ blockchains. The company also announced partnerships with Deutsche Telekom and Google Cloud.

SQD has smashed its $0.193 resistance and is vying for a price explosion, with solid support at $0.151. New price targets for the token are between $0.224 and $0.257. It has already gone past the Fibonacci retracement at $0.177, fueled by a 123% spike in trading volume as a result of buyer conviction.

At the time of writing, SQD Network (SQD) is trading at $0.2004, up 33.03% in the last 24 hours.

Conclusion – Best Altcoins to Buy Now

While Bitcoin is sustaining its position, many alternative cryptocurrencies are performing well, and the crypto market is capitalising on it without skipping a beat. In this article, we have seen some of the best-performing Altcoins that can potentially generate a good ROI in the future. Top Altcoins to buy now include TRON, Chainbase, and SQD Network. However, crypto investments are subject to market risks. So, only invest in coins you believe in by researching on your own.