Financial Insights That Matter
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.
Bitcoin dominance has just reached its highest level since 2021.
Its total crypto industry market share currently stands at 63%, having gained an additional 1.86% in the past 24 hours.
Bitcoin’s relative strength reflects its unique position in crypto as both a legacy and unrepeatable project. While technological advancements can render newer projects irrelevant, Bitcoin already fulfills its one-of-a-kind juncture as “Digital gold.”
Investors understand this and so are adding Bitcoin to their long-term portfolios. But as Bitcoin adoption rises, shrewd traders seek ways to capitalize and generate bigger profits.
With that in mind, here are some of the best cryptocurrencies to buy now:
BTC Bull Token
While Flare allows users to generate Bitcoin yield using DeFi apps, BTC Bull Token unlocks Bitcoin yield by simply holding a meme coin.
It’s a Bitcoin-themed meme coin and also the first ever cryptocurrency to pay real Bitcoin rewards to holders.
Hold BTC Bull Token and you’ll receive $BTC and $BTCBULL airdrops at key Bitcoin price milestones.
The project also has a staking mechanism that allows us to generate additional $BTCBULL rewards over time. Currently, staking offers a 77% APY, but this will decrease as the staking pool grows.
The project is currently undergoing a presale and has raised $5.3 million so far.
Given its early stage, meme coin allure, and Bitcoin rewards, BTC Bull Token appears primed for big gains.
Flare
Flair is a smart contract-enabled layer 1 blockchain. It focuses on secure Bitcoin bridging, which makes it highly relevant amidst the current market conditions.
The project offers 300% over-collateralized wrapped Bitcoin, XRP, and Dogecoin. Typically, bridging goes against the core tenets of Bitcoin and other security-first cryptocurrencies.
However, over-collateralization means that investors are protected and can reclaim their funds even if something goes wrong.
As such, Flare enables users to generate yield on their Bitcoin without absorbing too much risk.
Bitcoin dominance data shows investors are hungry to hold Bitcoin, so Flare’s use case could attract many users, causing its price to soar.
And with a market capitalization of $1 billion, Flare has a lot of room for growth compared to leading smart contract-enabled layer 1 blockchains such Ethereum, Solana, and BNB Chain.
Bitcoin Cash
Bitcoin Cash is a faster and cheaper version of Bitcoin. It’s a Bitcoin hard fork, which means it uses Bitcoin code except with some modifications.
The project increases speeds by expanding the block size compared to Bitcoin, but it’s worth noting that this means increased centralisation.
However, Bitcoin Cash community members believe that this tradeoff is worthwhile since it enables $BCH to be used for everyday transactions and micropayments.
Like Bitcoin, Bitcoin Cash is scarce, with a total supply of 21 million coins. So coupled with its potentially higher rate of real-world transaction volume, the project certainly has the potential to rally as Bitcoin adoption grows.
But due to its lower market capitalisation, Bitcoin Cash often rises faster than Bitcoin during bullish periods.
Tron
Tron may not directly benefit from Bitcoin’s rising tide, but ecosystem fundamentals are stacking up in its favour, which could lead to big gains.
Notably, 1 billion USDT has just been minted on the blockchain, providing additional dry powder that can be invested in ecosystem tokens and apps. And strong ecosystem activity will help bolster the $TRX price.
Currently, Tron’s stablecoin market cap is $71 billion, more than every other chain except Ethereum. And considering the $TRX market cap is over three times smaller than $SOL’s and $BNB’s, it appears to have massive upside potential.
Tron also has a DeFi total value locked (TVL) of $5 billion, making it the fifth-largest blockchain in that regard.
All of this paints an exciting picture for Tron and could make it one of the most promising layer 1 blockchains on the market right now.
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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