Ethereum and Solana are both rallying today, with $ETH trading above $4,700 and $SOL above $200. Traders are eagerly awaiting all-time high (ATH) breakouts, although Ethereum is much closer, with just a 3% gap.
Both projects’ prices have increased by 2% today and have generated similar weekly returns, with $SOL up 21% and $ETH up 27%. As excitement grows, there’s also a swelling interest in the wider altcoin market.
Google search volume for the term “altcoin” has reached the highest levels since late last year globally, and also hit a seven-year peak in the US. Meanwhile, Bitcoin dominance has fallen below 60%, indicating that an Altcoin Season might be approaching.
But when it comes to the best crypto to buy, a new project called Bitcoin Hyper is flying under the radar. It’s a Bitcoin layer 2 designed to increase Bitcoin’s speed and functionality, a use case that could reshape the current blockchain landscape. So could $HYPER outperform Ethereum and Solana this year? Let’s compare the three projects to find out.
Bitcoin Hyper
Bitcoin Hyper is an innovative project that aims to improve Bitcoin with nearly instant transaction speeds and advanced smart contract features. It is built using the Solana Virtual Machine, which means users will enjoy speeds and fees similar to Solana, while also gaining Bitcoin-level security and decentralization.
The L2 will use ZK-rollups to cryptographically verify each transaction before batching and submitting them to the Bitcoin L1. It also features a trustless canonical bridge that lets users lock native BTC and mint a 1:1 pegged version to use on Bitcoin Hyper.
Moreover, the Bitcoin Hyper blockchain will be compatible with Solana, allowing developers to port Solana apps to the network – this might even include the likes of Pump.fun, Raydium, and Jupiter.
Currently in presale, Bitcoin Hyper’s main advantage is that investors can still buy in early and maximize their potential for gains. The presale has already raised $9.4 million, reflecting solid market appeal and early investor interest.
Given the huge market capitalisations of top infrastructure projects like Ethereum and Solana, there’s really no limit to how high $HYPER could rise. Visit Bitcoin Hyper.
Ethereum
Ethereum is currently trading near its all-time high, driven by a surge in corporate treasury buy-ins and institutional demand through ETF inflows. On Monday, Ethereum ETFs experienced their biggest day ever, with over $1 billion in capital inflows, demonstrating strong interest from large-scale investors.
Additionally, Ethereum ETFs recorded their second-largest day on Wednesday, with $729.14 million in inflows, clearly indicating that institutional players are fully committing to $ETH at this moment.
Looking ahead, the outlook becomes even more compelling. According to Cas Abbe, publicly traded companies have pledged to purchase $27 billion worth of Ether, which represents 38% of its total supply.
This intense level of corporate demand, combined with the $ETH’s utility-driven demand – especially as Ethereum’s on-chain transactions reached an all-time high on Wednesday – suggests that the price could explode well beyond its current ATH in the coming weeks and months.
Solana
Trading at $204, Solana’s current price provides an optimistic outlook. $200 is considered a crucial level for $SOL because there is little resistance above, enabling an explosive surge with the right catalysts.
Typically, Solana’s on-chain activity increases during bullish market periods due to its main use case of meme coin trading. Bullish conditions foster risk-on sentiment, making it an ideal time to trade meme coins.
However, it’s also important to note that Ethereum currently has the advantage over Solana in on-chain volume. On Tuesday, Ethereum’s 48-hour DEX volume exceeded Solana’s DEX volume for the first time since April.
This suggests that, at least for now, Ethereum is gaining traction faster than Solana. Nevertheless, a full-blown Altcoin Season could bring back retail investors, many of whom will favor Solana because of its lower fees.
It’s also worth mentioning that Solana is attracting institutional interest, with Nasdaq-listed Upexi Inc. announcing a $316 million $SOL purchase last week, and Chinese firm BIT Mining unveiling a plan to buy $300 million worth of $SOL last month.
Bottom Line: What is the Best Altcoin to Buy Now?
All eyes are on Ethereum right now – it’s the market-leading altcoin, it’s breaking records everywhere, and top analysts are singing its praises. In comparison, Solana’s current momentum feels a bit quieter, although, as we’ve seen with Ethereum, things can change quickly in crypto.
There’s every chance that next week, Solana’s on-chain activity could spike, an ETF gets approved, and $SOL skyrockets above its current ATH.
However, even in the best-case scenarios for both Solana and Ethereum, the potential gains are capped. Both cryptocurrencies have been around for years and are worth more than many multinational banks.
That’s why Bitcoin Hyper might be the best altcoin to buy right now. It offers a strong use case, it’s connected to two major crypto ecosystems – Bitcoin and Solana, and it’s still available at an early stage.
With $9 million raised, Bitcoin Hyper could rally 10,000% this year and still be magnitudes below the market caps of $ETH and $SOL, while they’re likely both capped at 2-3x gains this cycle.
This article is not intended as financial advice. Educational purposes only.
