February 4, 2025 What to Buy When Markets are Red Dear Subscriber, Yesterday, my colleague Marija Matić broke down the recent market shake-up to reveal three bullish catalysts hiding in the chaos. There’s a lot of good points she brings up. But the key takeaway to me was this: The bull market is not over yet. In fact, this volatility is very likely a short-term hurdle. Which means there could be opportunities for savvy investors. Looking at a sea of red can rattle any investor. But it also makes it easier for you to spot the patches of green. That’s where you’re most likely to find profits on the other side of this correction. After all, projects that show resilience during or recover quickly following market turbulence are most likely to run first when the next rally comes. Of course, more should go into your research than just price action, as I outlined last week. But it is a good place to start to narrow down your options. So, let’s do just that … Cryptos in the Green Today First, you’ll need to go to Coingecko.com. Then, scroll down. You’ll see a list of cryptos initially sorted by market cap. Click on the 24h tab to sort by trading over the past 24 hours. Then, your chart should look like this: Top performers over the past 24 hours as of Feb. 4, 2024, 2 p.m. Eastern. Source: Coingecko. Click here to see full-sized image. All the cryptos on this list have done well to get through this wild ride showing green. Now, we’ll need to determine if that strength was a one-off showing, or if these projects have what it takes to go the distance. So, let’s take a closer look at three I’ve been following. 1. Hyperliquid (HYPE, Not Yet Rated) Hyperliquid is a decentralized perpetual futures exchange built on a proprietary Layer-1 blockchain known as Hyperliquid L1. It aims to provide a trading experience similar to centralized exchanges (CEXes) but with the security and transparency of blockchain technology. Source: Hyperliquid. Click here to see full-sized image. Key functionalities include: Perpetual Futures Trading: Offers trading in perpetual futures contracts with leverage up to 50x without owning the underlying assets. On-chain Order Book: Unlike many decentralized exchanges (DEXes) that rely on off-chain order books, Hyperliquid maintains a fully on-chain order book for transparency and security. High-performance blockchain: Its custom L1 blockchain supports high throughput, low latency and zero gas fees for transactions, aiming to match or exceed the performance of CEXes. HyperEVM: An Ethereum Virtual Machine-compatible layer for deploying decentralized applications (dApps), enhancing interoperability with Ethereum and expanding its ecosystem. Hyperliquid has seen significant growth. Posts on X.com, formerly Twitter, mention that it has achieved daily trading volumes of over $10 billion and has an active user base exceeding 402,000. In fact, its highest 24-hour trading volume hit $21 billion. That rivals the performance of CEX giant Binance, which hit $65 billion in January 2025. Its focus on combining high throughput, low latency and a community-driven model positions it as an innovative force in the DeFi space, particularly in the realm of decentralized perpetual futures trading. There is one caveat, however. Due to the current U.S. crypto regulations, U.S. residents cannot buy Hyperliquid and they cannot use its platform. This may change with new regulation. But for now, this opportunity is only for crypto investors outside the U.S. 2. Jupiter (JUP, Not Yet Rated) Jupiter is the largest decentralized exchange on the Solana (SOL, “B”) network. That means JUP acts as a sort of leveraged play on SOL. Where SOL goes, JUP will likely follow. So, it’s no surprise to see it on this list, as Solana has been one of the leading blockchains this bull cycle. In fact, my colleague Juan Villaverde believes it has taken its place next to Bitcoin (BTC, “A”) and Ethereum (ETH, “A-”) as a market leader. It’s fascinating stuff, so I hope you’ll listen to Juan tell it to you himself. You can watch his full Solana breakdown here. As for Jupiter, it boasts an impressive average daily trading volume of over $3 billion and has a total value locked, or TVL, of $2.8 billion. TVL refers to the liquidity locked on a platform, but it also acts as a measure of active usership and adoption. It’s no wonder users are attracted to Jupiter. It actively rewards them. In fact, Jupiter’s latest airdrop is ready to claim. If you swapped on Jupiter’s exchange before Nov. 1, 2024, and meet other conditions, you could be eligible for some FREE JUP tokens. You can click here to check your eligibility. 3. Sui (SUI, “C+”) Marija, our resident DeFi expert, already wrote a detailed dive into Sui here. I won’t steal her thunder. But I will say she was right on the money. Sui’s incredible speed and utility has definitely attracted attention. Especially from top crypto experts. Juan has been regaling our team with talk from the 2025 RealVision Crypto Gathering he attended this past weekend. And one takeaway he couldn’t ignore was the presence this project had at the conference. Juan spoke to the team behind Sui and heard firsthand about their rich experience and impressive institutional backing. Now, he believes it could be the next Solana. Especially since it is listed on both U.S.-based centralized exchanges, Kraken and Coinbase. What Comes Next All three projects — HYPE, JUP and SUI — have shown promising strength through this market volatility. And each one is supported by strong fundamentals and growing user bases. But only you can make the call if they are ready to add to your portfolio. Make sure you take the time to do your due diligence. Read their white papers, review their teams and use the free tools I showed you last week to determine for yourself if these projects are worth your investment dollars. Best, Dr. Bruce Ng |