Bitcoin has surged 2.3% today to hit the $97,000 mark, stoking massive excitement in the market.
This move pushed the total crypto industry market cap back above $3 trillion, which is close to its 30-day high.
But Bitcoin’s strength also allows altcoins to rally at a higher rate due to their lower market capitalizations. As such, traders seeking to maximize their gains may be better served investing in altcoins rather than directly in Bitcoin.
With that in mind, what is the best crypto to buy now? Read on to discover our top four picks.
Litecoin
Litecoin is a Bitcoin fork that offers faster and lower-cost transactions. As Bitcoin shows strength today, Litecoin is gaining real pace.
It’s the biggest gainer in the top 100 cryptos, with a whopping 11% gain in the past 24 hours. This is also helped by progress with its spot ETF applications.
While Litecoin is built using the same blockchain framework and underlying verification method as Bitcoin, there are some key differences. Mainly, it comes down to decentralization and scalability.
Litecoin uses a hashing function called Scrypt to verify transactions. It uses the same SHA-256 framework as Bitcoin but requires much more memory, which makes it less vulnerable to certain types of ASIC attacks.
Meanwhile, Litecoin also reduced the block time from Bitcoin’s 10 minutes to 2.5 minutes, which makes the network faster.
The project currently has a market cap of $6.9 billion, which is substantially lower than Bitcoin’s.
With what appears to be major technological upgrades and a much lower market cap than Bitcoin, Litecoin is well-positioned to continue rising alongside Bitcoin this year.
BTC Bull Token
BTC Bull Token is a Bitcoin-themed meme coin on the Ethereum blockchain. But that’s not why it could be the best crypto to buy. The real reason is that it’s the first-ever cryptocurrency to pay its holders Bitcoin rewards.
Picture this: you’re holding a Bitcoin-themed meme coin and Bitcoin begins to break key price targets, $100K, $150K, $200K, and so on. Naturally, your meme coin is going parabolic. Bitcoin holders are getting rich and looking for ways to compound their gains, so they’re investing.
But at the same time, you’re also receiving $BTC airdrops to your crypto wallet. That’s precisely what BTC Bull Token offers.
It will run $BTC and $BTCBULL airdrops at key Bitcoin price milestones, starting when Bitcoin hits $100K. These airdrops will continue with every $50K price increase until Bitcoin hits $1 million.
The project is undergoing a presale and has raised $5.3 million so far.
But with Bitcoin currently trading above $97K, those seeking to catch the $100K airdrop should not wait around to buy $BTCBULL.
Kaito
Kaito is an AI-powered platform that pulls data from thousands of sources, allowing users to research specific cryptocurrencies, topics, and narratives.
The crypto industry moves fast, and real-time market intelligence is the only way to remain competitive, making Kaito a crucial tool.
It offers a variety of features, including MetaSearch, Sentiment Tracking, Smart Alerts, narrative rotations, and more.
This allows users to identify emerging trends and protect their capital by understanding whether any positions they hold are fading out.
The $KAITO token is used for governance, market incentives, and value exchange within the ecosystem. And right now, it’s in huge demand.
It has gained 29% in the last day, making it the biggest gainer in the top 200 cryptos by market cap.
With a strong use case and real momentum, Kaito appears primed for serious gains in the coming months.
Alpaca Finance
Alpaca Finance increased fivefold earlier this week, but it crashed as quickly as it rose.
However, bulls have once again taken control of the market, and now $ALPACA is at a 104% premium from this time 24 hours ago. Granted, the project is seeing wild volatility right now, but after hitting highs of $1 earlier this week, it has room for massive upside from its current $0.37 price tag.
While not without risk, there’s every chance that $ALPACA rockets back to its weekly high and potentially beyond, providing investors with over a 2x gain from its current price.
Alpaca Finance is a BNB Chain DeFi project that enables “leveraged yield farming.” It allows users to lend crypto and earn leveraged yields, making it more profitable than the leading lending platforms like Aave.
Something else that makes Alpaca Finance unique is that it offers undercollateralized loans, which was previously a far-off dream for the blockchain industry.
Despite its volatile price performance, Alpaca Finance appears to have a solid, long-term use case.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.