Bitcoin has just crossed the $106,000 mark, stoking excitement and increased risk appetite among investors. This comes just three days after it briefly dipped below $100,000.
Its speedy recovery signals that the market is optimistic and anticipates more gains in the months ahead.
However, seasoned traders recognize that the upside on Bitcoin itself is limited, so they’re searching for altcoins with greater room for growth. Bitcoin Hyper, Sei, and BNB are each positioned as some of the best cryptos to buy, with strong fundamental developments helping them stand out this month.
Let’s take a closer look:
Bitcoin Hyper
Bitcoin Hyper is building a Bitcoin layer 2 blockchain using the Solana Virtual Machine. It’s where Bitcoin’s security and permanency meet Solana’s speed and programmability.
Seasoned users know that Bitcoin has a speed problem. It can compute 7 transactions per second (TPS), which leads to longer wait times and expensive fees. It’s also constrained in its utility. Without native smart contracts, developers can’t build apps on the Bitcoin network.
Bitcoin Hyper is the solution. It’s a blistering-fast blockchain connected to the Bitcoin layer 1 via a trustless canonical bridge, making it easy and secure for users to transfer their $BTC to the chain.
Once there, users can deploy their Bitcoin into a wide range of new possibilities. Meme coin apps. Payments. DeFi. Bitcoin Hyper will have it all.
The project is undergoing a presale and has raised $1.6 million in under three weeks.
Its promising use case, strong presale demand, and current early stage all signal that huge gains await. Visit Bitcoin Hyper.
Sei
When it comes to huge gains, Sei deserves a mention. It’s a layer 1 blockchain that’s taking the market by storm with a 77% gain this week.
A blend of user adoption and ecosystem developments has contributed to its growth.
The most crucial development is that the state of Wyoming has selected the Sei blockchain to pilot its stablecoin. This helps legitimize Sei and also positions it as a leading horse in the stablecoin sector, which is currently on fire.
Sei noted that the Visa CEO recently said that stablecoins have a place in US capital markets, underlining just how credible the sector is becoming.
Sei has also seen its monthly users increase by 74% to over 8 million users this month, making it the second-most used EVM chain after Base.
It’s generating serious adoption, and therefore, it’s becoming one of the most promising blockchains on the market. And right now, its market cap is just $1.6 billion, leaving massive room for growth.
BNB
BNB is the native cryptocurrency of Binance Smart Chain and the Binance exchange.
It’s used for gas fees and governance on BSC, and it also unlocks rewards and discounts on the Binance exchange. This provides BNB with plenty of demand streams, and that has contributed to its long-term growth.
But now, a new demand stream is emerging: institutional interest.
Hong Kong-based tech company Nano Labs announced yesterday that it has “entered into a $500M convertible notes purchase agreement” to launch a BNB Strategic Reserve.
One day before, it was revealed that Build & Build Corporation will become the first publicly listed company to hold BNB on its balance sheet, investing $100 million in the asset.
Companies are following the playbook of Michael Saylor’s Strategy, but instead of buying Bitcoin, they’re buying BNB. If it works, we could see substantial amounts of enterprise and institutional capital help uplift the BNB price in the months ahead.
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.