Best Altcoins To Buy As Trump’s CZ Pardon Reignites Market Optimism

US President Donald Trump once again caused a commotion in the crypto industry last week by signing an order pardoning Binance founder Changpeng Zhao (CZ).

Answering reporters’ questions, Trump noted that many had supported CZ and had long urged that the charges be dropped. In response, CZ thanked the president and pledged to support the US in developing the crypto industry.

The decision saw approval from many in the crypto community, but it also saw criticisms, mainly from members of the US Democratic Party.

However, the move has clearly had an impact on the industry and crypto prices, many of which recovered significantly over the weekend, including Bitcoin, BNB, and many other projects, causing investors to start looking for the best altcoins to buy in order to profit from the situation.

Best Altcoins to Buy As Investors Regain Optimism

With CZ having major influence in the crypto industry, crypto markets are starting to show signs of recovery, and traders are once again becoming optimistic about the coming months.

With renewed momentum, investors are looking for the best altcoins to invest in, and while the sentiment has not yet turned bullish enough to announce the start of a bull run, prices have been recovering for the past several days, with potential to grow further.

Finally, there are also cryptocurrencies still in presale, many of which have strong potential for growth after going live, making them worth considering.

BNB (BNB)

With CZ being the founder of Binance, even though he was removed from the exchange and is officially no longer associated with it, BNB was quick to react to the news of his pardon.

BNB, Binance’s and Binance Smart Chain’s native cryptocurrency, immediately saw its price go up from $1,050 to $1,145, which was then followed by a correction to $1,100 over the weekend, and another rise to $1,150 on late Sunday and early Monday.

As the native crypto to the entire Binance ecosystem, BNB is the best altcoin to buy for those who wish to get immersed in this part of the crypto industry. It is essential for powering its multifaceted Web3 environment, it supports transactions on the BSC, serves as a governance token, and even as a strategic reserve asset.

BNB’s price surge following the pardon was not as big as many had expected it to be, but the coin is still showing strong performance and could continue to increase in the days to come, making it a solid option to invest in right now.

Bitcoin Hyper (HYPER)

Next up is Bitcoin Hyper (HYPER), a Bitcoin-related project in both name and purpose. While it presents itself as a meme coin, Bitcoin Hyper comes with a game-changing utility - it introduced a new, and potentially highly-impactful scalability solution for the Bitcoin Network.

Specifically, it plans to introduce the fastest Bitcoin Layer-2 chain yet, which will allow it to bring scalability, speed, and programmability to the BTC ecosystem.

As many are undoubtedly aware, Bitcoin has the most secure blockchain, but in terms of speed and scalability, it is at the bottom of the industry. With barely a handful of TPS, transactions on its network are extremely slow and extremely expensive.

However, with a Layer-2 chain designed to bring speed, that could change forever in the coming months. Not only that, but Bitcoin Hyper will also introduce programmability, allowing for the creation of smart contracts in the Bitcoin ecosystem, and with them, other blockchain products, such as dApps, NFTs, DeFi protocols, Bitcoin-based meme coins, and more.

This is what makes it one of the best altcoins to buy now, and many investors - including whales - seem to agree with this, as the project, which is currently still in presale, managed to raise over $24.99 million as of the time of writing.

With the $25 million mark just around the corner, this is one of the biggest presales of the year, and could see the HYPER token skyrocket after going live. Right now, its price sits at $0.013175, but experts like YouTuber BULAN CRYPTO, who has over 14.9k subscribers, believe it could see 100x gains after launch.

OFFICIAL TRUMP (TRUMP)

Given the fact that Trump was the one issuing the pardon, it comes as no surprise that Trump-related tokens saw a quick price surge as many doubled down on them in the aftermath of the move.

Primarily, the US President’s own meme coin, OFFICIAL TRUMP, saw a sharp increase, going from $5.63 on October 22 to $6.30 at its highest point this week, which was in the early hours of Monday, October 27.

The token’s recovery has yet to bring it back to $8, which was where its price sat prior to the October 10 drop, but it has made an important step toward returning. For now, the meme coin has yet to solidify its position above $6.20, but it could be one of the best altcoins to buy if the sentiment remains bullish as the week progresses.

Humanity Protocol (H)

Moving on, another project worth considering is Humanity Protocol, which has seen strong performance lately.

This is a project that aims to increase security and privacy by protecting user identity in a unique way. It stands apart from existing solutions such as government-run biometric ID systems through a combination of decentralization, user ownership, and Web3-native interoperability.

Unlike centralized government databases, Humanity Protocol puts individuals in control of their own biometric and identity data using tamper-proof blockchain technology, which ensures privacy, security, and resistance to censorship.

Functionally, it is more than a biometric identity layer, acting as an open identity graph supporting verifiable credentials across a range of attributes, which allows users to selectively prove aspects of their identity in a decentralized, privacy-preserving way.

Its token, H, saw a sharp price surge last week, skyrocketing from $0.14 on October 24 to $0.37 on Saturday, October 25. Since then, the token has been fluctuating between $0.30 and $0.35.

The price surge came as the project achieved integration with Walrus Protocol, claiming that this is the biggest milestone yet for Humanity, and that this will enable the future of identity to be built on trust.

Pepenode (PEPENODE)

The final option on the list of the best altcoins to buy now is another cryptocurrency that is still in presale - Pepenode (PEPENODE).

The project was inspired by both the Pepe meme and the third-largest meme coin in the crypto industry. However, unlike its high-ranking counterpart, Pepenode is bringing an important utility to the market by becoming the first-ever mine-to-earn meme coin.

The project’s goal is to revamp the way crypto mining works, primarily because existing methods of mining cryptocurrencies are considered outdated, expensive, and overly complicated. To enter most of them, community members require expensive hardware, extensive knowledge, and large amounts of electricity.

Pepenode has created a simpler, gamified approach that is less intimidating and expensive, and doesn’t require such a massive commitment from the user as other available options. It allows users to buy virtual nodes and set up their own virtual meme coin mining rig. Users can even combine nodes for huge bonuses and even build a whole server room of their own.

The project is also offering a tiered reward system, meaning that early adopters’ nodes will generate larger rewards, which acts as an incentive for users to join sooner and faster. As a result, its presale raised over $1.95 million so far and is rapidly approaching the $2 million mark.

Meanwhile, the PEPENODE token, its native crypto, is selling for only $0.0011183, but experts like CryptoTV - a crypto YouTuber with over 64.7k subscribers - believe that it could see a 100x rally after going live.

Conclusion

Trump’s move once again reminded the crypto world that the US means business when it comes to crypto, and that it doesn’t share the previous administration’s views on how it should be handled. With that said, it is still too early to say with certainty how the US crypto industry will evolve from here.

The best investors can do now is go after promising projects that have real growth potential, and projects in presale are often considered the best opportunities, making them the best altcoins to buy now - after doing proper research themselves, and deciding if they believe in this potential and each project’s future.

Disclaimer : Cryptocurrency investments are risky and highly volatile. This is not financial advice; always do your research. Our editors are not involved, and we do not take responsibility for any losses.