The cryptocurrency market fell 2.91% over the past 24 hours, extending its weekly drop to 6.82%. However, altcoins are slightly outperforming Bitcoin, as reflected by BTC dominance dipping 0.03 points to 57.48%. At the same time, the Altcoin Season Index (ASI) stands at 57/100, suggesting that alts are gaining traction but not decisively.
According to our analysis, the best cryptos to buy now are: Bonk (BONK), Graphite Protocol (GP), and Trusta AI (TA). Though their rallies were isolated, they align with the broader market and are signalling growing alt sentiment, as the sector has crossed into “Altcoin Season” territory.
Sector-Specific Rallies are Driving Altcoins’ Outperformance Over Bitcoin
BTC liquidations hit $158 million as the alpha crypto’s price broke the $115,000 support zone. $114 million in longs and $13.9 million in shorts were liquidated as open interest in Bitcoin rose 11.5% to $1.02 trillion, amplifying volatility.
Margin calls triggered automated selling, which then created a feedback loop. The 521% spike in long liquidations reflects overleveraged bets on BTC reclaiming the $120,000 level.
Moves across the alt market were led by Layer-1s, memecoin, and ETF narratives. Avalanche (AVAX) recorded 11.9 million transactions this week, a 66% rise that was driven by the U.S. government’s announcement that it will be publishing GDP data on-chain and renewed spot AVAX ETF speculation.
Meanwhile, tokens on the BNB ecosystem also rallied, with futures volume hitting $1.84 trillion, up 22.74% in 24 hours, signalling leveraged bets on native tokens.
Sector-specific catalysts like network upgrades, ETF filings, and adoption are driving selective altcoin outperformance rather than broad-based rallies.
Altcoin perpetuals open interest surged 36.9% monthly versus Bitcoin’s 22.6%, while average funding rates turned positive. However, the 303% spike in BTC liquidations indicates volatile rotations.
This means traders are using derivatives to amplify altcoin exposure but remain quick to exit positions during volatility. They are also pricing in delayed U.S. Federal Reserve rate cuts following Japan’s weak economic data.
Best Cryptos to Buy Today (08/30): $TA, $GP, $BONK
The best cryptos to buy today include $TA, $GP, and $BONK, each showing strong momentum and unique catalysts driving near-term growth.
CryptoRecent Surge (24h)Current Price2025 Forecast RangePotential ROITrusta AI (TA)+150.8%$0.1416$0.0950 – $0.1396-1.47%Graphite Protocol (GP)+35.29%$1.75$1.18 – $1.77+0.01%Bonk (BONK)+5.36%$0.0000227$0.0000215 – $0.0000240*N/A**
1. Trust you have ($ ta)
Source: Tradingview
TA rose 144.16% over the last 24 hours, sharply outperforming its 7-day and 30-day gains. This surge coincides with key drivers, including trading incentives, technical momentum, and project updates.
The BNB Smart Chain Trading Competition on Binance Alpha ended on August 13, offering 6 million TA tokens as a reward to participants. Token recipients likely front-ran the reward distribution window, which inflated TA’s trading volume to $87.75 million.
While the competition temporarily boosted demand for TA, there is a post-event sell-off risk as winners may offload their rewards. The token’s volume-market cap turnover ratio hit 3.42, signalling extreme liquidity but also heightened volatility.
Trusta Labs also announced plans to launch the Trusta mainnet in Q4 2025 and introduced AgentGo MCPan AI-agent identity tool. The company has also committed to a $200,000 token buyback program following an exploit of the same amount in July, restoring investor confidence in Trusta AI.
A native blockchain will improve TA’s utility as a gas token, potentially reducing its circulating supply. However, on August 21, 9.38 million TA, or 0.94% of the supply, were unlocked, adding selling pressure.
The 7-day RSI of TA hit 92.67 “severe overbought” level, while its MACD histogram turned positive at +0.0069 on August 29, confirming short-term bullish momentum.
Though traders are busy chasing the breakout momentum, the RSI hints at a higher probability of a price pullback. Historically, TA has corrected approximately 40% after similar RSI peaks, the latest coming in July.
It will be key for TA to hold above the Fibonacci support at $0.11859 if profit-taking accelerates. The nearest resistance is at the 127.2% Fibonacci extension of $0.16677.
At the time of writing, Trusta.AI (TA) is trading at $0.1416, representing a 150.8% increase in the last 24 hours. According to our technical analysis based on its current market price, in 2025, TA is expected to change hands in a trading channel between $0.0950 (Low) and $0.1396 (High), with an average annualized price of $0.1068. This could result in a potential ROI of -1.47% over its current rate.
2. Graphite Protocol ($GP)
Source: Tradingview
GP surged 33.9% in 24 hours, outpacing the broader market decline. Key drivers behind the rally include buyback-driven supply reduction, renewed visibility for the platform, and bullish technical momentum.
On August 15, Graphite Protocol burned 4.7% of GP’s total supplydone using revenue from the network’s memecoin launchpad, Bonk.fun. This follows a July 8 token burn that removed 2.81% of the supply, and is part of a recurring deflationary strategy.
Reducing a token’s supply while demand for it is on the rise creates upward price pressure. Bonk.fun’s revenue-sharing model, where 7.6% of platform fees is allocated to GP buyback, directly links its success to token scarcity.
With the launchpad holding 80% of the memecoin market share, recurring buybacks could sustain the positive momentum. Traders need to keep an eye on weekly burn executions and Bonk.fun’s trading volume, which is critical for fee generation.
Graphite recently disclosed that it holds $16.8 million in treasury funds and proposed a 10% token relock for team vesting. This move has addressed prior concerns about emissions clarity.
Improved trust in the platform has reduced sell-side risk from uncertainty. The treasury war chest signals the project’s capacity to grow, led by Bonk.fun’s mobile dApp expansion, aligning long-term incentives.
GP surged 41.2% on August 11 as Bitcoin dominance dropped to 57.24% and the altcoin season index rose 68.57% monthly. This means traders are rotating capital into high-beta alts like GP as legacy coins like BTC and ETH stagnate.
However, its 30-day volatility, which sits at +51%, warns of speculative positioning. It will be key for Bonk.fun to sustain its 80%+ memecoin market share on Graphite to fuel ongoing token buybacks and pump GP upward.
At the time of writing, Graphite Protocol (GP) is trading at $1.75, representing a 35.29% increase in the last 24 hours. According to our technical analysis based on its current market price, in 2025, GP is expected to change hands in a trading channel between $1.18 (Low) and $1.77 (High), with an average annualized price of $1.33. This could result in a potential ROI of +0.01% over its current rate.
Also Read: The Role of XRP in the Future of Cross-Border Payment
3. Bonk ($BONK)
Source: Tradingview
BONK rose 5.36% over the last 24 hours, outperforming the broader crypto market, which declined by 2.37%, and reversing a 7-day downtrend in the process.
Key drivers behind the popular memecoin’s rally include momentum for the Solana ecosystem, Bonk.fun dominating the token launchpad market, and technical bullishness.
The Solana network has undergone a resurgence after generating $1.65 billion in Q2 2025 revenue from memecoin activity. BONK heavily benefits from SOL’s network effects, as 55% of all new Solana-native memecoins now launch via Bonk-linked platforms, creating recurring demand for BONK as a utility asset.
Digital asset manager Grayscale is considering BONK for its investment portfolio, and Safety Shot has allocated $25 million to acquire the memecoin for its treasury, signalling institutional validation, which has significantly reduced sell pressure.
Traders need to keep an eye on active Solana addresses, currently 2.1 million, as sustained growth could amplify Bonk’s utility.
In August, Bonk.fun was responsible for 62% of Solana memecoin launch revenue, driven by aggressive token buybacks and community incentives.
While this boosts BONK’s burn mechanics, Pump.fun’s declining market share and 90% drop in revenue since January show fragility in the sector.
BONK’s rally depends on sustained platform engagement rather than organic adoption. As of Monday, Bonk.fun has 268,000 active users, while Pump.fun has 401,000.
BONK reclaimed its 23.6% Fibonacci level at $0.0000227 with a 14-day RSI of 43.75, finally exiting the oversold territory. The MACD histogram currently shows slowing bearish momentum, which means traders are interpreting the break above the 7-day SMA of $0.00002156 as a trend reversal signal.
This notion is amplified by derivatives data, showing a 209% spike in 24-hour trading volume for BONK, suggesting short-term speculative interest.
A close above the 38.2% Fibonacci resistance at $0.000024 could trigger a stop-loss hunt. Grayscale is expected to decide on its BONK fund on September 1, which could be a major pivot point for its price.
At the time of writing, Bonk (BONK) is trading at $0.00002250, representing a 5.11% increase in the last 24 hours. According to our technical analysis based on its current market price, in 2025, GP is expected to change hands in a trading channel between $0.00001540 (Low) and $0.00002257 (High), with an average annualized price of $0.00001730. This could result in a potential ROI of +0.78% over its current rate.
Final Thoughts on the Best Cryptos to Buy Now
The rallies of today’s best-performing cryptocurrencies – $BONK, $TA, and $GP – come amid a broader market decline, but strengthen the case for a potential Altcoin Season.
Alts have been outperforming Bitcoin over the past 30 days, with ASI rising 3.5% in 24 hours to 59/100 while BTC dominance dipped to 57.32%. Though Bitcoin continues to maintain a majority market share, altcoins have gained 68.6% since July, reflecting growing speculative interest.
Low-cap tokens like Trusta AI (TA) and Graphite Protocol (GP) surged on the back of Binance Smart Chain trading competitions and key infrastructure developments.
Meanwhile, Bonk’s (BONK) rally was fueled by growing memecoin activity on the Solana (SOL) ecosystem, with Bonk.fun commanding 80% of the memecoin market share and generating 62% of revenue from the crypto asset class on Solana.
This indicates that the crypto market is currently in a transitional phase, with retail traders rotating capital into riskier, high-volatility narratives like AI and memecoins as BTC consolidates.
While $TA, $GP, and $BONK have showcased significant price growth, they are still prone to volatility and macroeconomic conditions. Therefore, we recommend that our readers conduct due diligence and seek expert advice before investing.
The contents of this report are for educational purposes and should not be construed as investment advice. Always remember, only put money that you can afford to lose into cryptocurrencies.
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