Bitcoin has just hit $111K for the first time in history, sending waves of excitement through the crypto market.
As Bitcoin rises, investors are becoming increasingly confident in their altcoin positions. This is attracting more liquidity to the market and allowing prices to soar.
Seasoned traders understand that this creates an opportunity for massive gains.
With that in mind, here are our top five picks of the best crypto to buy now:
BTC Bull Token
BTC Bull Token is a Bitcoin-themed meme coin that pays real Bitcoin rewards. As the Bitcoin price rises, investors will seek ways to outperform the market leader with altcoins.
With both a meme coin allure and native Bitcoin rewards on offer, BTC Bull Token will be a no-brainer for many of these investors.
The project is undergoing a presale and has raised over $6 million so far.
BTC Bull Token will track Bitcoin’s price and airdrop rewards to holders at key milestones. The first airdrop will occur when it hits $150K, then the next at $200K, and then there will also be a $BTCBULL airdrop at $250K.
The project even has a staking mechanism so users can lock up their $BTCBULL and earn passive rewards over time.
All of this signals there will be strong buying and minimal selling, which could make $BTCBULL the best crypto to buy now.
Solaxy
Solaxy is building the first-ever Solana layer 2 blockchain. During bullish market conditions, investors take bigger risks to generate more profits, and this often means investing in smaller altcoins and meme coins.
Solana is the home of countless major meme coins and tokens in other emerging sectors such as AI, DeFi, and real-world assets (RWAs). However, the network grapples with congestion issues during periods of peak network activity, leading to delays and transaction failures. This is what Solaxy will fix.
It’ll handle some of Solana’s workload and use rollup technology to increase scalability. If it achieves its goal, Solaxy will be cheaper, faster, and more reliable than Solana.
The project is undergoing a presale and has raised $39 million so far.
However, the presale is set to end in 25 days, leaving limited time for investors to get involved. Given its presale success, it appears that there will be huge demand for $SOLX once it lists on exchanges, which could translate to big gains.
Core
Behind Bitcoin, Core is the second-highest trending cryptocurrency on CoinMarketCap today, but that’s no surprise. While it doesn’t carry the same viral branding as BTC Bull Token, Core is another project popular for its Bitcoin yield.
It is a Proof-of-Stake Bitcoin layer 2 blockchain that aims to integrate Bitcoin into a DeFi economy.
The project allows users to stake Bitcoin and earn rewards, transforming it into a yield-bearing asset.
There’s currently an institutional gold rush for Bitcoin, with MicroStrategy, BlackRock, and Twenty One just a couple of the big names that have made headlines for Bitcoin buys in recent weeks.
As word spreads about Bitcoin yield projects like Core and BTC Bull Token, it could awaken an even deeper interest among sophisticated players. And because these projects are valued substantially lower than Bitcoin, it takes just a relatively small amount of liquidity for their prices to soar.
OFFICIAL TRUMP
What’s interesting about Bitcoin’s all-time high (ATH) is that it came just one day before Donald Trump’s first-ever meme coin dinner, where he will host the 220 biggest holders of OFFICIAL TRUMP at the Trump National Golf Club in Potomac Falls, Virginia.
The dinner announcement sparked a huge wave of interest in $TRUMP and squashed concerns that the President would not invest effort into developing the project or adding utility incentives.
It’s set to take place on 22 May, and Trump could announce even more token perks at the event, which may cause the price to explode.
As shown above, prominent meme coin influencer Ansem suggests that $TRUMP could be one of the best cryptos to buy now, underlining that it’s well-positioned for “recapturing attention” as meme coin prices rise.
Hyperliquid
Hyperliquid is the best-performing top 100 crypto by market cap today, and it’s for good reason. But before we explain why, let’s briefly explore what Hyperliquid is: it’s a decentralized perpetual futures exchange that allows users to place leveraged trades on cryptocurrencies without using a central intermediary.
The platform offers one of the largest selections of tradable tokens among all decentralized perpetual DEXes. It also boasts a seamless user experience with high speeds, low fees, and an intuitive user interface.
So why is it making headlines? A crypto whale named James Wynn has opened a $1 billion Bitcoin long on the platform. He’s risking $25 million at 40x leverage, betting on Bitcoin’s price going up.
According to the latest reports, he’s sitting at a staggering $39 million profit.
The move doesn’t just underline the potentially lucrative nature of Hyperliquid; it signals immense trust from sophisticated users.
If Bitcoin keeps rising, we could see other traders begin using Hyperliquid more, allowing the $HYPE price to keep rising.
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.