Great news coming for crypto from the regulatory front as the incoming SEC chairman has announced that Bitcoin and digital assets would be top priority for the regulatory body.
Following this announcement, the Bitcoin price found support at $86K.
This news will likely boost the cryptocurrency market more in the long term. Therefore, those looking for the best crypto to buy now should consider diving into unique offerings listed in this article.
Best Crypto to Buy Now
Meme Index
Since it seems like meme assets may also become a priority in the US in the coming days, the time is right to invest in a project that helps meme coin investment diversification. Meme Index is the world’s first decentralized meme coin index that gives the control of meme coin indices to the people.
Governed by the native crypto MEMEX, Meme Index offers different types of indices based on a user’s risk-taking capabilities. There are a total of four indices provided, starting with Meme Titan Index, containing the least volatile meme coins and Meme Frenzy Index, an index specially meant for the degens.
This versatility is the reason why many crypto influencers have highlighted it in their latest videos. Now that the presale is about to end within a few days, the rush is on to grab it. Over $4 million has been raised so far, indicating that the token could get a major boost in value once it goes live on exchanges.
BTC Bull
BTC Bull is described as a social movement that could help get Bitcoin to the highest level it can reach – the $1 million level. Not a simple meme coin, BTC Bull has created a unique ecosystem where the mechanics do not stand out and are tied to the growth and success of the meme coin.
According to the official milestones of the project, BTC Bull will initiate token burns or organize Bitcoin airdrops whenever the Bitcoin price grows by $25K after the $100K level. This approach is taken to leverage the speculative nature of the market to boost Bitcoin to new heights so that more value can be extracted from the BTCBULL ecosystem.
Furthermore, given that the current market is volatile and Bitcoin reaching the $250K level is still far off, BTC Bull could have some long-term perks as well.
However, keep in mind that BTC Bull can only sustain itself for a long term if it continues to keep the community engaged. This is possible thanks to its list of multiple memes and other perks.
YouTuber Cilinix Crypto has been cautiously optimistic about this project, stating that while its value as a presale is good, the question is whether it can go up higher after going live. He has addressed that the token’s use cases have value, but it is better to think of it as a pure meme coin first.
Best Wallet Token
Best Wallet Token is another suitable addition to this “best crypto to buy now” list since it is part of an already thriving ecosystem. Best Wallet is hailed as one of the world’s fastest growing wallets by the likes of Money.com and more, and the reason is the host of use cases it provides.
Not only does it allow users to store and swap cryptos, it also lets them buy and sell assets using fiat. Unique facilities of this platform also range from portfolio management to staking to marketing insights.
A multi-chain wallet, Best Wallet supports over 60 chains, but since the ecosystem is decentralized, support for more chains is added based on voting. Recently, support for the Bitcoin chain was added, elevating the ecosystem of Best Wallet.
Token Launchpad is another notable feature of this wallet, allowing users to keep tabs on and participate in upcoming crypto ICOs. Many of the leading cryptocurrency presales have been part of this ecosystem.
With over $11 million raised, Best Wallet Token is a worthy token to check out.
Solaxy
Solaxy is described by the official website as the world’s first L2 for the Solana blockchain. While it could strike as odd as the makers of Solana have themselves been against the existence of L2s, most people disagree, and the current success of Solaxy during presale reinforces that.
Having raised over $27 million to date, Solaxy puts people’s attention on the need to address the current shortfalls of the Solana blockchain.
Solana blockchain has always been ripe with network congestion issues. And even though the devs have tried to circumvent these issues, the solutions they have given have proven to be less than perfect.
Embracing a rollup architecture, Solaxy changes the paradigm by introducing an L2 solution that keeps Solana fast and free, and capable of being scaled to near-infinite levels. That could result in the creation of a multi-chain ecosystem that could lead to the creation of more meme coins.
In addition to boasting this utility, Solaxy also places a memecoin-first emphasis. And the image of Pepe and other memes on the website shows that it believes meme coins to be the best assets to invest in.
Conclusion
With the SEC making Bitcoin and crypto a priority, people have only to wait and see how the market grows. While this renewed focus puts things into perspective, the regulations can take any direction. Expect the market to become extremely volatile in the coming days, and load up on the best crypto to buy now as soon as possible.
The Cryptonomist – Read More