After Bitcoin surpassed its previous all-time high (ATH) and reached $126,000 on Monday, the market’s focus quickly shifted to the next major milestone: $130,000. According to Polymarket bettors, there’s a 61% chance that this target will be hit by the end of October.
As Bitcoin continues to reach new heights, market sentiment is improving, with CoinMarketCap’s Fear and Greed Index now at 62, placing it in the “Greed” zone. If you’re an altcoin investor, this is exactly the type of trend you want to see.
The greater the greed, the more capital investors will allocate to altcoin positions. We’re already seeing signs of this, with Ethereum outperforming Bitcoin today, gaining 2.5% while BTC is up under 1%.
But looking ahead, traders are betting on Bitcoin Hyper, BNB, and Bittensor as the best crypto to buy. Let’s examine how these projects are performing currently and what upcoming catalysts could drive their prices higher.
Bitcoin Hyper
Bitcoin Hyper is developing a Bitcoin Layer 2 blockchain designed to address the network’s major issues, including slow speeds, limited functionality, and high fees. It’s the first-ever Bitcoin Layer 2 built with ZK-rollups, allowing for deeper integration into the Bitcoin base layer by regularly reporting its state to the L1.
At the same time, Bitcoin Hyper seeks to be the fastest Bitcoin L2 available by utilizing the Solana Virtual Machine for execution. This will enable Solana-grade speeds, which is significant since Solana recently reached 100,000 transactions per second (TPS).
Bitcoin Hyper will also support smart contracts, opening doors for DeFi, meme coins, RWA, payments, and more. All of this creates new opportunities to use BTC without compromising its core security features, potentially unlocking new demand and attracting capital into HYPER.
Smart money has already taken notice and is investing heavily in the ongoing presale, with its total raise now sitting above $22 million. This presale success is another signal of HYPER’s explosive potential. Visit Bitcoin Hyper.
BNB
BNB is the native coin of Binance Smart Chain, the decentralized arm of the Binance exchange. Highly influential figures support the project, and BNB is also integrated into the Binance platform, where it unlocks rewards and access to exclusive features. This creates a strong moat that even market-leading cryptocurrencies, such as Bitcoin and Ethereum, do not possess.
Furthermore, on-chain activity on BSC has been steadily increasing in recent months, with growth seen in its perpetual futures market, meme coins, and AI projects. Its on-chain strength is reflected in its active addresses, which totaled 4.2 million in the last 24 hours – more than any other blockchain.
As a result, BNB has hit multiple ATHs recently, with the latest one of $1,290 occurring just 20 minutes before press time.
This combination of ecosystem growth, on-chain activity, and price momentum sets the stage for BNB to continue its uptrend in the months ahead, likely making it one of the best cryptocurrencies to buy now.
Bittensor
As mentioned, AI cryptocurrencies have helped fuel BSC’s growth, but this follows a period where the AI sector largely underperformed. However, the resurgence in AI tokens is not limited to BSC – leading the way is Bittensor, which rallied 7% in the past 24 hours and is now one of the best-performing cryptocurrencies in the top 100 by market cap.
Nevertheless, Bittensor remains down 45% over the past year and 54% from its all-time high (ATH) in March 2024. Clearly, it has significantly underperformed compared to market leaders like BNB and Bitcoin, but this means it could offer better risk-adjusted returns if it can maintain its current momentum.
One potential consideration is that 49.44 million TAO tokens are set to unlock on October 12, which could be worrisome in a bearish market.
However, with increasing market liquidity and a growing risk-on sentiment, this might actually be a positive development. If the unlocked tokens lead to a liquidity rotation into ecosystem tokens, it could trigger a ‘Bittensor Season,’ attracting more investors to the network and ultimately driving the TAO price higher.
