As Bitcoin tiptoes toward the $95K mark, altcoin prices are ripping higher.
Pudgy Penguins leads the crypto top gainers with a 37% increase today and 158% this week. On weekly returns, it’s followed by Deepboook Protocol, up 131%, and Virtuals Protocol, up 112%.
These gains has squashed much of the bearish chatter which was circulating the market in Q1, setting an exciting precedent for Q2 and beyond. So with that in mind, what are the best crypto to buy now?
Monero
Behind Pudgy Penguins, Monero is the largest gainer among top 100 cryptos today with a 32% uptick. But while Pudgy Penguins is up 158% this week, Monero is up 40%.
Today’s rise potentially marks the beginning of a bigger trend shift, signalling a breakout similar to that of Pudgy Penguins, Deepbook Protocol, and Virtuals Protocol.
Monero is a coin that enables users to retain anonymity while making peer-to-peer transactions. The alternative to this is auditable and open transacting, which, while sometimes useful, poses OPSEC risks.
However, the reason that Monero is soaring today is because of a new upgrade proposal, EP159. This will make Monero compliant with the European Union’s MiCa framework, thus enabling it to regain listings on centralized exchanges Coinbase and Binance.
BTC Bull Token
The strength of the altcoin market is enabled by confidence that Bitcoin will continue rising in the months ahead. As the market-leading asset, all altcoins are mostly tied to Bitcoin’s performance, except often with greater volatility.
One way investors can capitalize on this is via BTC Bull Token, the first cryptocurrency to pay real Bitcoin rewards. The project will offer $BTC and $BTCBULL airdrops at key milestones on Bitcoin’s journey to $1 million, starting when it hits $100K. These airdrops will continue with every $50K increase afterwards.
The project also has an integrated burn mechanism that will destroy a portion of the token supply at $50K milestones, starting at $125K.
Currently, BTC Bull Token is undergoing a presale, which has raised $5 million so far.
And $BTCBULL isn’t just a reward token; it’s also a meme coin. So with tangible reward-focused utilities and a memetic allure, the project has everything needed to amass huge demand.
Brett
On meme coins with strong potential, Brett might just be one of the most promising on the market right now.
It’s the leading meme coin on Coinbase’s Ethereum layer 2 network, Base, and it’s also one of the top gainers recently. Its price has risen by a whopping 85% in the past week.
As the leading meme coin on Base, we can expect the Brett price to continue rallying alongside user activity on the network. And considering Base is backed by Coinbase, it would be unsurprising to see a huge influx of new users as the bull market advances.
Something else to consider is that Brett trades 71% below its all-time high (ATH), leaving room for almost a 10x gain from here.
If the market continues rallying until late 2025, as many analysts expect, Brett could even surpass its ATH and generate far more gains.
Raydium
Raydium is showing immense strength right now. It’s one of the largest decentralized exchanges on Solana and recently deepened its footprint in the meme coin market by creating LaunchLab, a direct competitor to meme coin casino Pump.fun.
Interestingly, this combination of a DEX and meme coin launch pad is drawing massive interest to Raydium, with its total trading volume recently surpassing $500 billion.
As adoption of Raydium grows, so will the demand for $RAY. And given the prominence of both the meme coin sector and Solana right now, Raydium appears to be perfectly positioned to continue attracting users.
Currently, Raydium is trading at $3.11, up 6% today and 38% this week. However, it remains 81% from its ATH, leaving plenty of room for growth.
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.