Market sentiment is improving on Thursday after a slight rise in crypto prices. Bitcoin, Ethereum, and XRP have each seen gains over the past 24 hours.
While Bitcoin is currently trading just dollars below $115,000, analysts are bracing for a breakout beyond its current record-high of $123,000.
As optimism grows, traders are seeking the best crypto to buy for the highest returns. Let’s explore three of the most promising options that could explode during the next Bitcoin rally.
Analyst Forecasts “Bullish Breakout” for Bitcoin
There has been a mood shift in the crypto market on Thursday, with rising prices causing an increase in CoinMarketCap’s Crypto Fear and Greed Index, which has risen 2 points to 54 but still remains eight points lower than last week.
Supporting today’s uplifting sentiment are several Bitcoin price analyses, with prominent trader Michael van de Poppe suggesting that $BTC is gearing up for a “bullish breakout.” He noted that Bitcoin has returned to its trading range’s resistance level and is now consolidating, suggesting that buyers are in control and may push the price higher soon.
Regarding how high it might go, analyst Merlijn the Trader forecasted a rally toward $144,000, stating that Bitcoin just completed an “inverse head and shoulders” chart pattern.
“Every macro move starts like this, quiet… then violent. $BTC is locked, loaded, and ready for the next leg,” he wrote.
As Bitcoin’s price stabilizes after heavy selling in the past week, analysts are now looking toward the next upward move. This is good news for the altcoin market; Bitcoin rallies often enable smaller cryptocurrencies to rise far quicker.
However, not all altcoins will perform equally during Bitcoin’s move higher. As such, we’ve analyzed three projects that could be among the top performers, accounting for trends, momentum, and use cases.
Bitcoin Hyper
Bitcoin Hyper is a Bitcoin layer 2 blockchain that aims to unlock new possibilities for Bitcoin. It will enable cheaper transactions and even support smart contracts. The project will be the first Bitcoin L2 built using rollup technology, making it faster and more secure than other Bitcoin scaling solutions.
According to its website, the project aims to unlock use cases such as meme coins, DeFi, and payments. It’s creating a new economic layer on top of Bitcoin’s secure infrastructure, which has serious disruptive potential.
If successful, there’s a real chance that Bitcoin (powered by Bitcoin Hyper) could dominate the dApp market. You won’t need Ethereum for DeFi or Solana for meme coins – it’ll be the Bitcoin ecosystem for everything.
Currently in presale, Bitcoin Hyper has raised $7.4 million so far and is gaining tremendous momentum, raising approximately $200,000 – $300,000 daily.
It’s a clear sign that whales are buying, and that indicates that $HYPER could explode once it hits exchanges. Visit Bitcoin Hyper.
Pudgy Penguins
Pudgy Penguins has proven to be one of the best-performing altcoins recently, with a remarkable 127% gain in the past month. The project is a Solana-based meme coin that started as an NFT collection on the Ethereum network.
Besides being one of the top NFT brands in the market, several factors set Pudgy Penguins apart from other meme coins.
Notably, it has an ETF application pending approval with the SEC and holds intellectual property (IP) rights to its brand. These two factors are uncommon for meme coins and give $PENGU a clear edge.
The project is also launching a Pudgy Penguins game on the App Store and Google Play Store, and it has released a real-world collectible toy line. That’s not to mention the several high-profile partnerships it has secured lately, ranging from NASCAR to Lufthansa.
Pudgy Penguins goes beyond the norms of a meme coin and is becoming a global brand. It has the potential to be one of the top performers this cycle, and its explosive performance this month is further proof of that.
Maxi Doge
While meme coins like Pudgy Penguins, SPX6900, MemeCore, and Rekt have all seen substantial gains this month, the fact remains that Dogecoin is still king.
Its market capitalization is more than four times higher than the next largest meme coin, and its 24-hour trading volume is nearly twice that of the next most-traded meme coin, which happens to be $PENGU.
However, as many traders know, Dogecoin’s $30 billion market cap offers limited upside potential compared to smaller meme coins. But what if there were a way to leverage Dogecoin’s brand power with much more room for growth? That’s where Maxi Doge comes in.
He’s the younger cousin of Dogecoin – the pump-chasing, 1,000x leverage trading dog. He has sat on the sidelines, watching other dog coins get rich since 2017; now it’s his turn for juicy gains.
Currently in presale, Maxi Doge has raised $450,000 in its first week, showing strong support from investors.
Its presale momentum, alignment with Dogecoin, and early-stage status create a promising setup that hints at significant potential ahead. Visit Maxi Doge.
This article is not intended as financial advice. Educational purposes only.
