Spot Bitcoin ETF flows indicate that institutional demand is reaching new heights.
Expert ETF analyst Eric Balchunas said that ETFs are on a “Bitcoin bender” as net inflows surpassed $3 million last week. He highlighted that BlackRock’s $IBIT ETF was the world’s best-performing ETF last Wednesday, pointing out “just how fast the flows can go from 1st gear to 5th gear.”
Strategy CEO Michael Saylor believes that $IBIT’s momentum will continue, speculating that it will be “the biggest ETF in the world in ten years.”
And this institutional demand is having a knock-on effect on the rest of the market. While Bitcoin has rallied by 7% this week, 12 of the top 100 cryptocurrencies have gained over 30%.
So with altcoins gaining disproportionately as Bitcoin rises, what are the best crypto to buy now? Here are our top four picks.
Virtuals Protocol
Virtutals Protocol is an AI agent launchpad that allows users to create and deploy agents with text-based prompts. The platform is great because it caters to both beginner and expert AI engineers.
Anyone can spend 100 $VIRTUALS to deploy their own custom agent, but there are also specialist teams building on the platform with deep experience.
And right now, the ecosystem is heating up.
Several “genesis launches” are preparing to go live and will be available for people to use. The use cases for these agents vary widely. For instance, one is called VRUFF and is focused on staking and community rewards, while another, RWAI, is a crypto research tool that helps users identify trading opportunities.
Virtuals Protocol developers are exploring the capabilities of AI agents in all directions. It only takes one or two of these agents to gain real traction, and the $VIRTUALS price will explode.
Best Wallet Token
As crypto prices rise, more users join the space. This is because high prices create headlines, and headlines draw attention.
And when that happens, Best Wallet Token will be one project people will start buying. It’s the new cryptocurrency that powers the multi-chain crypto wallet Best Wallet.
The wallet supports over 60 different blockchains, including Bitcoin, Ethereum, Solana, XRP, Cardano, and many more. This means that, no matter which network people use, Best Wallet will support it.
Another unique feature of Best Wallet is its wide range of built-in features. These include a presale aggregator, a staking aggregator, a cross-chain DEX, a crypto debit card, derivatives trading, and more.
The project is undergoing a presale and has raised $11.8 million so far.
$BEST offers innate utilities including trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects.
And factoring in that it supports so many blockchains and has an advanced lineup of native features, it’s easy to see why Best Wallet Token could generate significant demand.
Ethereum
Ethereum is the second-largest cryptocurrency, yet it has been unable to keep pace with Bitcoin and the broader market this cycle. However, that might be about to change.
$ETH has largely underperformed due to its scalability issues and subsequent scalability solutions. Ethereum opted to implement layer 2 networks, which are faster than the main chain. While this lowered transaction fees, it inadvertently reduced Ethereum’s revenue and coin utility. This is why $ETH has been unable to gain at the same rate as Bitcoin and other top altcoins.
As such, developers are devising ways to revamp Ethereum, the most popular of which is scaling the layer 1 chain.
Most recently, a researcher has proposed increasing the network’s gas limit, which could theoretically increase Ethereum from 12 to 2,000 transactions per second (TPS).
Indeed, it would be a huge leap forward in Ethereum scaling and would likely attract a lot of activity back to the main chain.
Should this proposal gain steam, we could see hype grow around Ethereum, allowing it to regain some of this cycle’s lost ground.
Walrus
Look at the top 100 cryptos today, and you might notice a new project called Walrus has made the lineup.
And it hasn’t come quietly; its price has soared 17% today and 47% this week, making it one of the top crypto gainers.
So, what is Walrus? Simply put, it’s a protocol that lets you store data on-chain. This could be anything from your favorite song to a hospital’s medical records.
In the digital world, data is like oil. It’s crucial to everything functioning properly. Walrus provides a secure and transparent way to store and manage real-world data on-chain.
This is opening the industry to new use cases. For instance, the project recently partnered with Itheum to tokenize data. Think a musician tokenizing and then selling an album or a homeowner tokenizing deeds to a property. It’s the bedrock of mass crypto adoption.
Like Virtuals Protocol and Best Wallet, Walrus is an emerging project at the forefront of crypto innovation. This setup very often leads to big gains.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
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