Top 3 Cryptocurrencies with Potential to Outperform as Binance Coin (BNB) Reaches New Peak in Value
In the ever-evolving world of cryptocurrency, two projects have recently caught the attention of investors: Bitcoin Hyper and Ethena. As the Altcoin Season Index reads 51 out of 100, indicating neutral territory, these projects are promising investments with high potential returns.
Bitcoin Hyper is a project with an ambitious Layer-2 solution for Bitcoin. The goal is to solve Bitcoin's speed issue, as it can only handle about seven transactions per second. Bitcoin Hyper, a Bitcoin layer 2 blockchain built using SVM and ZK-rollups, reports transactions back to Bitcoin using trust-minimized ZK-rollups, similar to Solana's execution environment. The fast-growing presale of Bitcoin Hyper suggests the potential for significant gains.
The presale has raised $11 million so far, with around $300,000 coming in daily. This innovative project is particularly promising during the emerging Altcoin Season, with major altcoins like Ethereum (ETH) and Solana (SOL) gaining momentum and reaching strong price levels, suggesting broad altcoin gains in the coming weeks and months.
Ethena, on the other hand, is a yield-bearing stablecoin that allows users to hold autocompounding digital dollars. Ethena has steadily gained market share from USDT and USDC, with the USDe market cap increasing 86% in the past month. Ethena uses low-risk delta neutral strategies to generate yields, averaging a notable 19% APY last year.
The native Ethena token, $ENA, offers staking returns and governance rights within the ecosystem. Best Wallet Token, a cross-chain decentralized Web3 wallet that supports more than 50 blockchains, includes Ethena in its built-in DEX for token swapping.
Best Wallet Token is also KYC-free and supports fiat on- and off-ramping. It offers a presale launchpad, a staking aggregator, a crypto debit card, and futures trading. Best Wallet Token's presale has raised $15 million.
As Bitcoin drops below $113,000 on Thursday, reaching its lowest level since August 2, and Bitcoin Dominance nears a fresh six-month low at 59.42%, the stage is set for altcoins to shine. With four top altcoins reported to have up to 1000% upside potential for the 2025 bull run, the Altcoin Season could be just beginning.
BNB price, however, is up 2% today and at a 12% premium this month, reaching a new all-time high of $881 on Thursday. As the crypto market continues to evolve, it's essential to keep a close eye on these promising projects.
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