The 5 Best Crypto To Buy as DOJ Prepares to Sell $6.5B Bitcoin

Bitcoin has been on a rollercoaster experience recently. It lastly broke by way of the $100K mark in early December and peaked at $108K on December 17. But it surely’s been barely downhill for the $BTC value since then, beginning this week off at round $98K. 

And now, a latest announcement by the US Division of Justice (DOJ) has seen Bitcoin take a tough tumble, all the way down to $93K.

The DOJ has been given the inexperienced gentle to promote 69,370 $BTC (round $6.5M) that had been seized from a darknet market. 

Reportedly, considerations concerning Bitcoin’s volatility have been cited by the DOJ as the principle purpose for pushing for a fast sale, which was accepted by a federal choose on December 30.

The Bitcoin was seized from Silk Street, a market for unlawful items and companies, together with drug trafficking, laptop hacking, and cash laundering. Its founder, Ross William Ulbricht, was arrested in 2013 and is at present serving a life sentence.

By the way in which, President-elect Donald Trump – as one among his election marketing campaign guarantees – mentioned he would commute Ulbricht’s sentence if elected. 

Trump’s January 20 inauguration was broadly anticipated to bolster the $BTC value in gentle of his pro-crypto stance, together with the institution of a strategic reserve for digital belongings.

The DOJ announcement, nonetheless, has resulted in a pointy market influence on $BTC’s value.

Economist Peter Schiff has a lot to say about this latest transfer. He sees the DOJ’s choice as affirmation of his warnings that Trump wouldn’t be shopping for Bitcoin regardless of promising to not promote it.

With Bitcoin Beneath The Cosh, Is Altcoin Season A-go?

With volatility being the identify of the Bitcoin sport, it stays to be seen the way it performs within the coming months, making altcoins all of the extra engaging. Listed here are our prime picks for the 5 greatest cryptos to purchase in the mean time.

1. Wall Avenue Pepe ($WEPE) – A Document-setting Presale

This meme coin is within the presale part, however Wall Avenue Pepe is seeing phenomenal investor curiosity. In a single month of its presale launch, it has raised an enormous $44.6M. $WEPE is well one of many cryptos with probably the most potential development.

Retail traders are leaping to affix $WEPE’s frog military, the place they’ll obtain buying and selling recommendation and insights from Wall Avenue Pepe himself. 

Why is he doing that?

This no-nonsense Wolf of Wall Avenue in a Pepe the frog guise is on a mission to take down whales who manipulate the market whereas hiding in insider buying and selling teams. So he’s coaching his frog military to commerce like professionals and turn out to be whales in their very own proper. 

The $WEPE presale was initially meant to shut on the finish of February. However on the charge tokens are being snatched up, it may effectively be sooner. 

2. Solaxy ($SOLX) – Layer 2 for Solana within the Making

Solaxy is inflicting a stir. It’s the world’s first Layer-2 ecosystem for Solana, and it’s promising huge issues. Additionally in presale, the Solaxy platform will construct on Solana’s good factors. However as many traders effectively know, Solana has critical points with site visitors congestion and failed transactions. 

That’s the place Solaxy is ready to be a sport changer – eliminating these points by way of unparalleled pace, scalability, and reliability. Solaxy has a 138B-strong whole token provide, and 30% is being allotted to the event of the Layer-2 ecosystem. 

With $9.4M already raised, all eyes are on Solaxy. And we’re wanting ahead to seeing these huge enhancements it would convey to the get together as soon as up and working.

3. Pudgy Penguins ($PENGU) – An Previous Devoted That’s Bucking Market Tendencies

After initially launching on the Ethereum blockchain in 2021, Pudgy Penguins launched on Solana in December final yr.

It did that to increase the $PENGU group and attain new customers. And to date, it’s been a recipe for achievement. 

The Pudgy Penguins NFT assortment (the identify alone says all of it) contains 8,888 cartoon characters. And whereas the penguins themselves – representing love, happiness, empathy, compassion, and different feelings are all very cutesy, this altcoin means critical enterprise. 

$PENGU’s market cap at present stands at (ahem) $2,058B, rating it at #67 on CoinGecko. And its efficiency over the previous month, the $PENGU value has remained comparatively secure – 1 $PENGU prices $0.03282 – regardless of a market that has been something however. 

4. Greatest Pockets Token – Thrilling Advantages for Holders

You probably have heard of Greatest Pockets app. You could even already be utilizing it. This mobile-first, 100% non-custodial app has rather a lot going for it. And now Greatest Pockets plans to introduce further advantages, powered by its native Greatest Pockets token ($BEST).

These advantages for $BEST holders embrace early entry to new initiatives and presales, lowered transaction charges, increased staking rewards, and the ability of group governance. And with near $6.8M already raised within the presale, there aren’t any indicators of it slowing down.

You possibly can learn $BEST’s litepaper for extra info on the ecosystem, token, and future plans.

5. Pepe Unchained ($PEPU) – A Robust Begin for this Layer-2 Meme Ecosystem

Pepe Unchained, like Wall Avenue Pepe, is one more member of the Pepe the Frog clan, and what an exceptional presale he had.

By the point $PEPU hit the $30M mark, the group was hailing Pepe Unchained because the ‘best-selling presale token of all time.’

By the tip of the sale, Pepe Unchained had raised an eye-watering $74M, and it went on to checklist on DEXs and CEXs in December.

Pepe Unchained is a Layer-2 blockchain for meme cash that’s now absolutely operational, and the launch of its Pump Pad is imminent. 

To be honest, the previous week has not been too form to $PEPU. It’s seen a gradual decline in step with the final market (thanks partially to the DOJ’s Bitcoin bombshell). However its prior efficiency was fairly good, and we anticipate it to rally within the not-too-distant future. 

In Conclusion

For traders steering away from Bitcoin following the DOJ’s upcoming sell-off of 69,370 $BTC, take coronary heart. It’s not all doom and gloom.

Who is aware of – the Trumpster may assist Bitcoin rally as soon as he has settled into the Oval Workplace. 

Within the meantime, there are different selections on the market, together with the 5 greatest crypto to purchase we coated on this article, that are effectively value contemplating.

Don’t simply take our phrase for it, although. In any case, we aren’t monetary advisers. Remember to DYOR earlier than making any funding choice.