The crypto market is thriving as Bitcoin breaks $65K for the first time in almost one month.
That’s providing a tailwind for altcoins, many of which are soaring as the market leader advances.
Bitcoin Breaks $65K After Trump Picks Pro-Crypto VP
Trump has selected JD Vance as his running mate for the presidential elections, and the crypto market has rejoiced.
According to Polymarket data, the presidential candidate is in pole position to regain his White House seat, which is good news for crypto holders.
In addition to Trump voicing pro-crypto rhetoric, his newly appointed vice president is also an avid decentralized money enthusiast.
Vance is famously the first vice presidential candidate who is also a Bitcoiner, and there are rumors that he holds multiple BTC.
Bitcoin has rallied since Vance was appointed.
It is currently trading at $65.3K, up 3.25% today.
However, other factors like Germany liquidating all its Bitcoin, and Bitcoin ETF inflows ramping up have boosted its price on a higher time scale.
The market leader is up 11% this week and recouping its monthly loss, which was exasperated by Germany selling its seized Bitcoin.
Bitcoin is shaping up for an explosive close to 2024, and that’s great for altcoins.
Best Cryptos to Buy Now
Now let’s take a look at five cryptos that could be set to benefit from the current bullish sentiment.
Pepe Unchained
Top of the list is Pepe Unchained. It’s a revolutionary project merging crypto’s biggest talking points.
On the one hand, you have the memetic allure that catapulted the OG Pepe coin to a $5 billion market cap.
But on the other hand, you have something a lot more powerful.
Pepe Unchained is building an Ethereum layer 2 blockchain.
It will process transactions away from the Ethereum mainnet, promising lower fees and speeds 100x faster.
And the blockchain will be targeted at meme coin devs and enthusiasts.
Imagine a DeFi protocol where users can borrow and lend meme coin liquidity or a meme coin-focused perpetual exchange.
The possibilities are endless. There is also an Ethereum bridge, a block explorer, and staking.
Pepe Unchained is undergoing a presale and has raised $3.9 million so far.
Those looking to buy $PEPU should do so fast because the price will rise soon.
Ethereum
While Ethereum might not provide the same room for growth as a low-cap like Pepe Unchained, it does have one of the strongest narratives right now.
Ethereum is amidst a transformative shift, levitating from a niche form of internet money to a legitimate investment vehicle in the world’s largest financial market.
Indeed, we’re talking about the impending Ethereum spot ETFs, which are about to launch on the US stock market.
Wall Street will finally have direct access to ETH, and that will inject unprecedented amounts of liquidity.
Despite this monumental advancement, Ethereum remains below its 2021 all-time high.
Moreover, the SEC recently nodded that Ethereum is a commodity, brushing away the regulatory concerns that loomed amid its 2021 peak.
All of this means nothing is in the way of new highs for ETH.
It is currently trading at $3,480, up 2.5% today, 12% this week, and at break even this month.
The Meme Games
Outside of U.S. politics and regulation, there’s another reason that July is a big month – the Olympic Games.
The games will draw viewers from across the globe, and it was the platform where Dogecoin first carved a name for itself.
The Meme Games is following in DOGE’s footsteps and will be crypto’s official Olympic Games meme coin.
The Meme Games is a compelling outlay that encapsulates the spirit of the Olympic Games: friendship, solidarity, and fair play.
However, it also has a hilarious memetic twist, which is drawing meme coin degens.
One of its main features is a “169-meter dash,” where presale investors can get a 25% multiplier bonus if they predict the winner of a virtual race.
There is also a staking mechanism that rewards users for locking up their tokens.
The presale launched yesterday but has already raised a whopping $120K.
Currently, The Meme Games presale price is $0.009, but this will rise in two days.
XRP
Moving back to the large-cap altcoins, XRP has been a top performer this week.
After a multiyear battle, there are rumors that Ripple Labs’ lawsuit vs the SEC is reaching a settlement.
While there have been no official announcements, the case has been coming to a close for a while.
Furthermore, Trump’s likelihood of regaining the presidency hints at more relaxed crypto regulations, which could work in XRP’s favor.
XRP has been at a standstill over the past year, but that has changed this week as the cross-border payments crypto outperforms other leading projects.
Currently, XRP is trading at $0.61, its highest value since April.
The project is up 12% today, 39% this week, and 23% this month.
Its recent uptick is bucking a higher-time frame downtrend and could signal the beginning of an explosive bull market rally.
WienerAI
WienerAI is another top crypto to buy now.
Blending the high-octane allure of meme coins with the cutting-edge utility of AI, WienerAI is one of the most promising low-caps on the market today.
But this is the final chance for fans of this project to buy at a cheap price.
It is currently in its presale, where it has raised over $7 million. However, the presale will end in just 14 days.
Behind its meme coin facade, WiennerAI’s main purpose is an AI trading bot.
And unlike others on the market, the WienerAI bot is far from one-dimensional.
Its AI capabilities mean users can ask it questions or offer a trading strategy, and then it will scour the market for the best opportunities.
Then, it has a trade execution function. This enables users to automatically make trades from its interface, free of MEV exploits, fees, and long wait times.
But with 14 days of the WienerAI presale remaining, traders are against the clock and must act fast.