Best Altcoins to Invest in Today, July 8 – Shiba Inu, Hyperliquid, Chainlink

Highlights:

• Among the best altcoins to invest in today, SHIB, HYPE, and LINK stand out with signs of renewed momentum.
• Shiba Inu’s burn rate and bullish chart signals point to a potential breakout after weeks of drifting lower.
• Hyperliquid’s soaring user activity and daily fees put it ahead of major blockchains, signaling strong investor confidence.

The crypto market began the week on a bearish note following a slight decline early on Monday. Weekend profits were short-lived because the leading asset, Bitcoin, edged downwards to a price of around $107k. The decline came after an announcement by President Trump of tariffs on South Korea, Japan, and others.

New levies of up to 40% were raised in various countries, which were responded to by markets. The investors remained wary because of speculation of additional tariffs on countries associated with BRICS. However, Bitcoin later bounced back and now trades above $108k. In addition, the altcoins are also showing signs of recovery, so in the section below, we will discuss the best altcoins to invest in today. 

Best Altcoins to Invest in Today

1. Shiba Inu (SHIB)

Shiba Inu is showing signs of reversal from the recent downtrend as the price seeks to challenge the immediate resistance at $0.00001200. As of this writing, the price is hovering around $0.00001180 with a decline of 0.25% on the daily chart. Moreover, the memecoin has surged by 4% on the weekly chart despite the monthly decline of 7%. Its market cap and trading volume stand at $6.94 billion and $110 million.

Shiba Inu has attracted the attention of investors because of technical indicators suggesting a potential price recovery. Analyst Javon Marks indicates there is a bullish divergence on the MACD indicator, which shows that SHIB had a lower price low in March 2025 with increased momentum. This trend implies that the reversal of the trend is imminent and the target may be at $0.000032, an increase of approximately 180%. The decreasing histogram bars and the soft selling pressure indicate a further hint of increasing buying interest.

$SHIB (Shiba Inu) has confirmed a clear Bullish Divergence with its MACD and this points to a nearly 180% upside for prices back to $0.000032 and that may only be the start of a much larger positive reversal … pic.twitter.com/YmWAQbahKK

— JAVONMARKS (@JavonTM1) July 6, 2025

Moreover, token burn data demonstrates a very considerable rise, and more than 1 billion SHIB tokens were burnt during the last 24 hours. This surge aids the rising positivity regarding SHIB. Such developments place Shiba Inu among the best altcoins to invest in today, reflecting renewed activity and potential in the market.

2. Hyperliquid (HYPE)

Hyperliquid has been on a steady upward journey since mid-April, surging from $10 levels to above $40 in June. Despite cooling off from the rally, the altcoin is still in an ascending channel pattern. Currently, the price is resting around $37.70, with a market cap and trading volume of $12.60 billion and $250 million, respectively.

Hyperliquid is at the forefront of the blockchain industry, having raked in over $1.7 million in fees per day, beating networks such as Solana, Ethereum, and Bitcoin. As per the data provided by Artemis, Hyperliquid executes 447 million perpetual transactions each day, and the fees charged accounted for more than $712,000 of revenue. This increase indicates the increasing demand and activity of users who use the platform.

Moreover, the new HyperEVM wallet accounts have surpassed 300,000, signaling progress in adoption in the ecosystem. This expansion favors a positive outlook for HYPE as the number of users increases and the volume of transactions rises. Hyperliquid is positioned among the best altcoins to invest in today based on its transaction fee performance and network activity.

3. Chainlink (LINK)

Chainlink is trading on a descending channel but displays a reversal trend as the price bounced off the $13 support. As of this writing, LINK is trading around $13.33, with a decline of 3% on the monthly chart. In addition, the market cap and trading volume have dropped to $9 billion and $260 million, respectively.

ChainLink is forming a strong double bottom on a crucial support level, which is a possible sign of a favorable change of momentum. The price action indicates the likelihood of a breakout, which appears to be the beginning of an upward movement. The current performance of the market implies that LINK could aim at levels of $22.68 and even $26.56 and $29.92 should the upward trend persist.

#LINK $LINK is showing a clean double bottom off major support

Structure is shifting bullish

Breakout brewing

T1: $22.68
T2: $26.56
T3: $29.92

This might be the last call before a strong leg up.#Crypto pic.twitter.com/r6F54jIZyd

— BitMonty (@Bit_Montie) July 7, 2025

For investors searching for the best altcoins to invest in today, LINK’s technical setup offers interesting insights. The recent price trend shows a trend reversal and rising buyer interest. In case of confirmation, this would contribute to a significant rally in price, and investors should keep an eye on LINK in the short term.