The total altcoin market, excluding Ethereum, has risen by $109 billion so far in Q2, sparking excitement that altcoin season is approaching.
Prominent crypto analyst Jacob Marks also highlighted in a recent post on X that the altcoin market is gaining ground compared to the US total money supply.
“Altcoins have bounced off the breakout retest against the US money supply and can deliver one of their most powerful runs since 2017,” he wrote.
We can already see remnants of this with dozens of well-known altcoins up double or triple digital percentage points in the last month.
But if a full-blown altcoin season occurs, the gains we’ve seen so far will only be a fraction of what follows. So, what is the best crypto to buy now?
Solaxy
Solaxy is the world’s first Solana layer 2 blockchain. The project is tackling Solana’s congestion issue, which leads to longer way times and an increased rate of transaction failures in periods of peak network activity.
It uses off-chain computation and transaction bundling technology to make transactions cheaper, faster, and more reliable – even in times when network activity is high.
This use case will make Solaxy crucial to Solana, especially during the altcoin season when there will be an increased number of users interacting with the ecosystem.
The project also offers a staking mechanism which currently provides a 111% APY, but this will decrease as the staking pool grows.
Solaxy is currently undergoing a presale where it has raised $36 million so far.
If it achieves its goal of scaling Solana, $Solaxy could generate serious attention in the bull market. There is every chance that this causes the $SOLX price to explode once it hits exchanges.
Best Wallet Token
One of the biggest news stories to emerge this week is Coinbase users falling victim to a hack. But it wasn’t money that the hackers took; it was something potentially even more valuable: data.
The hackers made off with some Coinbase users’ names, addresses, government ID photos, and more. In response, people are rotating to KYC-free alternatives, such as the Best wallet.
Investors can capitalize on this through Best Wallet Token, the platform’s native utility and rewards crypto.
And Best Wallet isn’t just KYC-free; it also has security features such as advanced fraud protection and two-factor authentication.
The project also has features like a cross-chain DEX, a crypto debit card, and a token launchpad.
$BEST is undergoing a presale and has raised $12.3 million so far.
With a use case that fits perfectly into current market narratives, combined with its token utility and the presale’s current early stage, $BEST is showing huge potential for big gains in the next bull run.
Hyperliquid
Rising altcoin prices will bolster traders’ confidence, thus encouraging them to take more risks.
When it comes to risk taking, leverage trading is one of the best ways to do it. It’s a way for traders to maximize their gains potential, with the cost being bigger losses if they make a mistake.
Hyperliquid is a project that could benefit directly from this. It’s a layer 1 blockchain that focuses primarily on being a decentralized perpetual futures exchange.
The exchange stands out for its fast speeds, tight spreads, and robust liquidity infrastructure.
It uses a traditional orderbook system rather than the automated market maker system other decentralized exchanges use. This allows Hyperliquid users to place bid and ask prices like they would on a centralized exchange.
Put differently, Hyperliquid is all about providing a market-leading user experience. This positions it to attract new users as popularity for futures trading increases, which could bolster the $HYPE price.
Ethena
Ethena is an Ethereum-based DeFi project that offers a yield-bearing stablecoin. It uses delta-neutral strategies to generate revenue, which is then shared with holders, allowing them to earn profits without taking big risks.
According to the Ethena website, USDe offered an average APY of 19% over 2024, which is much greater than the returns most traditional financial assets provide.
USDe is available on over 24 blockchains, and over 690K people are currently holding it.
$ENA is used to govern the network and also provides access to staking. This innate utility means its demand will rise alongside its stablecoin interest.
Stablecoins are proving one of crypto’s most credible use cases, with everyone from $11.5 trillion asset manager BlackRock to Trump-backed World Liberty Financial experimenting with the technology.
With its yield-bearing stablecoin, Ethena is a pioneer in the space, so $ENA certainly could see strong price gains this year.
Monero
As mentioned, privacy is back in the spotlight after the Coinbase data leak. This not only puts people’s funds at risk, but also their physical safety.
Cointelegraph reported that violent crypto robberies are on the rise, noting that Jameson Lopp’s GitHub repository recorded 22 such attacks on crypto holders in 2025 alone.
This underlines the importance of operational security and privacy in crypto, which leads us to Monero, the world’s largest privacy coin.
Think of Monero similar to Bitcoin, a decentralized peer-to-peer cash system. The big difference is that Monero offers an added layer of privacy. Monero transactions obscure the sender and receiver, so they cannot view each other’s accounts or account balances.
You wouldn’t want everyone you send a bank payment to to see how much money you have, so the same rules should apply for crypto transactions. It’s not just a matter of convenience; it’s a matter of personal safety.
And with Trump’s push toward deregulation, the environment for privacy focused cryptocurrencies like Monero is becoming more welcoming this year, which could help its price to rise.
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.