Bitcoin’s price blazed the $100,000 mark on Thursday, creating a tailwind for altcoin prices to rally.
Ethereum is setting pace with a staggering 23% getting in the past 24 hours.
Meanwhile, CoinMarketCap’s Altcoin Season Index has jumped 12 points from 23 to 35, underlining the growing potential for big gains in the altcoin market.
Real Vision CEO Raoul Pal wrote on X, “I think BTC dominance topped today. There are daily, weekly, and monthly DeMark tops in place, and the top is well below the 2021 top, which was below the 2017 top.”
It appears that we’re finally entering an altcoin season, so what is the best crypto to buy?
Solaxy
Solaxy is building the world’s first Solana layer 2 blockchain, and it’s showing immense early potential.
The project is currently undergoing a presale. It has raised $33.7 million so far, making it the biggest Solana presale in history.
Considering this is taking place at a time when the crypto market is exploding, it’s easy to see why Solaxy could surge once it lists on the open market.
The project is tackling Solana’s congestion, which causes longer wait times and increased rates of transaction failures during periods of peak network activity. Solaxy will use transaction bundling technology and off-chain computation to make the Solana ecosystem cheaper, faster, and more reliable.
It aims to provide an additional 10,000 transactions per second (TPS), taking Solana to new heights. If it achieves this goal, it could unlock billions of dollars in value and cause the $SOLX price to explode.
Virtuals Protocol
Look at the crypto top gainers today, and you’ll see that Virtuals Protocol is miles ahead.
It’s up by a staggering 43% in the last 24 hours, reflecting an immense level of investor interest.
Virtual Protocol is an AI agent launchpad on the Base and Solana blockchains.
It allows anybody to deploy an AI agent and corresponding token and with just a couple of lines of text. Simply describe what you want the agent to do, pay 100 $VIRTUALS, and then the platform will handle the rest.
It’s democratizing access to one of the most cutting-edge technologies to emerge in the last decade.
Currently, Virtuals Protocol has a $1.3 billion market cap. Considering its strong use case, there is every chance that the market cap continues to explode in the coming months.
Pepe
Pepe is the project that kick-started this cycle’s meme coin season in April 2023.
This means that Pepe owns a crucial piece in meme coin history, separating it from most other projects. And it continues to see substantial demand; it’s even among the top crypto gainers in the last 24 hours.
Its price has surged by 29%, only trailing behind Virtuals Protocol and Brett.
One reason Pepe could be a smart buy right now is that it typically mimics Ethereum price action except with much stronger swings.
It has also outperformed Ethereum by almost 50% today, so if $ETH keeps gaining, we can expect Pepe to see massive returns.
And all signs point to Ethereum retaining its momentum. It ushered in the Pectra upgrade yesterday, which improves its user experience and enables more efficient transactional throughput.
IP
The growth of Virtuals Protocol reflects that the crypto AI sector is scorching hot. But despite its popularity, it continues to face one key issue: intellectual property rights disputes.
This isn’t specific to crypto-based AI projects; even the top AI companies are battling it.
As it stands, 12 copyright lawsuits are open against OpenAI and Microsoft. So a new cryptocurrency called IP aims to solve this issue.
It’s a layer 1 blockchain that allows creators and AI developers to buy and sell IP rights, squashing legal battles. According to his website, the IP market is worth a staggering $61 trillion, making it the most valuable asset class on earth.
IP is already partnered with prominent creators, such as several K-pop bands, which reflects its ability to generate real-world results.
The project could prove crucial in the development of the AI sector. So if it continues gaining recognition, investors could see serious 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.
Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
