Bitcoin has rebounded to $98,000, recovering from a sharp decline that began on December 19 amid broader market turbulence. The downturn was triggered by Federal Reserve Chairman Jerome Powell’s statements regarding the monetary policy outlook in 2025.
Despite initially positive market reaction to the Federal Reserve’s 25-basis-point rate cut, Powell’s conservative projection for rate reductions in 2025 prompted significant selling pressure in cryptocurrency markets.
However, weekend trading has shown strong recovery momentum. Bitcoin gained approximately $7,000 in value, approaching the $98,000 mark. This rebound occurred in the absence of institution inflows.
According to crypto trader Exitpump on X, investors on Coinbase fueled the buying pressure by continuing to buy the dip following the crash in price to $92,700.
Altcoins are benefiting from BTC’s recovery, with meme coins like Dogecoin and Pepe posting significant gains.
As the market picks up, traders are looking for the best crypto to buy now for big gains in early 2025 – here are 5 contenders.
Wall Street Pepe
Wall Street Pepe ($WEPE) is a new meme coin project that wants to help beginner traders make better trading decisions. It has already raised over $33.5m million in presale investment since launching less than three weeks ago.
The project is developing a community where users who own its native $WEPE token can access alpha trading insights, signals and other benefits via an exclusive membership club.
Holders can also join weekly contests to win free tokens for sharing profitable trading ideas that benefit the community.
Members who hold $WEPE can also earn more rewards by staking them. Currently, $WEPE investors can earn 41% yearly returns on staking. The project has set aside 12% of its 200 billion tokens just to pay staking rewards.
$WEPE is currently available for just $0.000365, but this will increase in the next presale stage.
With the presale raising around $2m daily, analysts are giving predictions ranging from 25x to 100x once $WEPE lists on exchanges, with some claiming it could be the best crypto to buy now.
Visit Wall Street Pepe Presale
Solaxy
Another high potential crypto is Solaxy, which wants to fix Solana’s biggest problems regarding downtime and network congestion. In just one week since its launch, the project has shot to almost $4m in ICO funding.
Solana’s chain changed the crypto landscape in 2024, opening the doors to the launch of thousands of meme coins like BONK and WIF.
These tokens became internet sensations and returned 600X -1,000X in gains to investors. However, the platform’s growing popularity exposed underlying technical limitations.
Solaxy’s technical solution would implement a rollup system that bundles multiple transactions before submitting them to the Solana network. The goal is to reduce network congestion by optimizing transaction processing, and in turn, creating a more efficient multichain system with improved uptime and scalability for all.
The $SOLX token is at the center of the Solaxy ecosystem. Investors who buy $SOLX can also stake the coin for 1002% pa, although the staking rate will decrease as more tokens are staked throughout the presale.
The token is available to early birds for $0.001566 during the presale.
Best Wallet
Best Wallet is a new Web3 wallet that’s quickly gaining popularity. It’s currently holding a presale for its native $BEST token, which has raised over $5 million so far.
The wallet aims to offer an alternative option in the current market by introducing exciting new features. For example, its Upcoming Tokens feature has gained attention in recent weeks by highlighting high potential low cap meme coins, such as PEPU and SLAP, which went on to see significant gains.
Best Wallet also allows users to invest directly into exclusive crypto presales and store their tokens in the wallet.
The platform’s development roadmap includes integration with derivatives trading and NFT marketplaces. Another key upcoming feature is the Best Card, a cryptocurrency-linked debit card offering 8% cashback on transactions.
For users who buy the $BEST token, they’ll unlock special privileges including cheaper transaction fees and even early access to vetted presales before they hit the media.
$BEST holders can also unlock access to the protocol’s staking program, which currently rewards users at an estimated 439% pa.
Dogecoin ($DOGE)
Dogecoin was developed in 2013 as one of the first meme coins but has since grown to become the seventh-largest cryptocurrency by market cap. As the broader crypto market crashed on Thursday, Dogecoin fell by 32%.
The asset’s total value locked (TVL) also dropped sharply by 32%, falling from $8.8 million to $5.9 million.
Market analyst Trader Tardigrade suggests Dogecoin is trading within a defined range, with the potential for substantial upward movement if it breaks resistance levels.
The analyst draws parallels to previous market behavior, explaining DOGE’s recovery from $0.095 in September to $0.48.
Similar price action could propel the token toward $1.35, significantly surpassing its previous all-time high of $0.73.
Technical analysis indicates Dogecoin’s Relative Strength Index (RSI) has reached levels historically associated with price rebounds.
This technical signal, combined with Bitcoins’ recovery above $98,000, may support increased buying pressure for DOGE and push the price to $1.35.
Dogecoin has enjoyed a year-to-date return of 245% till date. It’s up 23% in the last 24 hours and is trading at $0.3 with a 24-hour trade volume of $8.9 billion.
Cardano ($ADA)
Recognized as a “third-generation” blockchain, Cardano operates on a Proof-of-Stake consensus mechanism.
The protocol utilizes ADA for both transaction settlement and network governance, aiming to address limitations found in earlier blockchain platforms.
ADA is the ninth-largest cryptocurrency by market cap.
Following the wider market sell-off on Thursday that wiped out $300 billion from the market’s capitalization, ADA has shown market resilience, even as the token dipped 7.9% from $1.01 to $0.93.
Analysts have argued that as the price slumped, Cardano whales took advantage to buy the dip.
$ADA up by 21.5% in the last 24 hours. Source: CoinMarketCap
On-chain analytics firm IntoTheBlock reported a large transaction volume on the ADA token, which was in stark contrast to the decline in trade volumes on other major cryptocurrencies.
Cardano is up by 11.59% having regained most of the value lost during the dip on Thursday.
ADA trades at $0.913 with a 24-hour volume of $1.9 billion, as investors push to reclaim the highs of early December when it passed $1.3 per token.
