As the crypto industry’s first, largest, and most important cryptocurrency, Bitcoin is a safe investment that doesn’t require a lot of research, and there is little to no doubt that the coin will likely remain a permanent leader of the crypto industry. All that Bitcoin investors need to do is buy some BTC and wait.
With the altcoin market, the situation is considerably different. Apart from a handful of the largest altcoins that are highly likely to stay at the top of the crypto food chain just underneath BTC, most others could end up failing, and their positions are not at all safe.
The risk grows more and more as one goes further down the list. The reason why investors and traders go after lower-ranking projects is that they have a higher likelihood of bringing major earnings. But, as their growth potential grows, so does the risk associated with buying them in the first place.
That is why it is important to identify projects that come with both hype and real value, which often comes from utilities. Of course, it is more than possible for projects to have great value with no utility, and the entire meme coin sector was built on that idea.
Mixing Hype And Value: Here Are The Best Altcoins To Keep An Eye On
Given the size of the crypto industry and the number of coins and tokens, finding the best altcoins can be quite challenging. A lot of experts believe that the ideal time to invest is when they are still in presale, but that doesn’t mean that there are no good opportunities among cryptos that are already live. Here are some options to consider:
Best Wallet Token (BEST)
Best Wallet Token (BEST) is a native cryptocurrency of Best Wallet - a crypto wallet that offers a wide variety of features, but still manages to stay simple to use. Its intuitive interface and the general ease of use make it a perfect crypto storage for new crypto users, who might find other wallets complex and intimidating.
Meanwhile, its feature-rich app also makes it an attractive option for experts. Specifically, Best Wallet is a multi-chain, multi-wallet, non-custodial crypto wallet that allows users to buy and swap cryptocurrencies inside its app.
This means that it offers cryptos from multiple blockchains, which can be freely traded in an app that doesn’t require KYC, allowing its users to trade crypto from a variety of networks anonymously. Thanks to this combination of features, Best Wallet is a better place to trade crypto than most DEXes and CEXes, as DEXes are limited to a single chain, while CEXes typically require KYC.
Best Wallet also has a native launchpad where users can browse and invest in some of the biggest new ICOs in the industry. This is also where users can buy its own native BEST token, which has already raised over $16.5 million, becoming one of the largest ICOs of this year.
Speaking of BEST, the reason why it is considered one of the best altcoins is for its role in the wallet’s ecosystem. Simply holding it will provide users with early access to new tokens, reduced transaction fees, higher staking rewards, and access to community governance. Plus, with the wallet becoming more and more popular, its native crypto will see more and more use as new users join the app.
This is why experts such as Borch Crypto, a YouTuber with over 93k subscribers, believe that BEST could be the next 100x token. The token is available for only $0.025795, but its price could see a considerable surge after going live.
Yield Guild Games (YGG)
Another solid option to consider is Yield Guild Games - the world’s first and largest Web3 gaming guild, where players can find their community, discover new games, and level up together.
The project’s goal is to become the leading community-based user acquisition platform in Web3 gaming. It acts as a network of gaming guilds focused on Web3 games - a sector that has been growing slowly for years, and could someday dominate the gaming industry.
YGG itself is committed to providing opportunities for members to achieve success in this gaming ecosystem through various questing initiatives that allow members to build their own on-chain identity through its achievement-based reputation system.
The project’s main potential lies in the fact that the gaming industry is one of the largest industries in the world, and it is constantly growing in value and popularity. However, at the same time, it is also constantly evolving, meaning that this branch of the gaming industry will likely see a surge in value and popularity as it sees more development.
YGG plays an important role in the sector, so its own value could grow as well in due time, potentially making it a solid long-term investment.
Pepenode (PEPENODE)
Another project on the list of best altcoins is Pepenode (PEPENODE) - a new meme coin that comes with an important utility that could revolutionize the way people mine cryptocurrencies moving forward.
Namely, Pepenode’s developers noticed that crypto mining methods used today are boring and outdated. There is very little variety between available options, and those that are there usually require expensive hardware, technical knowledge, and electricity, meaning that both money and expertise are a must, which does not make mining appealing to newcomers.
Their solution is Pepenode - a meme coin that allows users to build their own meme coin mining rigs virtually. Users can buy and combine nodes, and build an entire server room to become more successful.
On top of that, the project introduces tiered rewards which, combined with the gamified element, make it fun, rewarding, and exciting to mine crypto once again.
As a result, its presale started attracting capital quite quickly, already raising over $1.83 million, with more money flowing into it every day. Crypto YouTuber Nazza Crypto, who has over 33.2k subscribers, said recently that Pepenode could be the new meme coin presale, making it one of the best altcoins to buy now, before it goes live and its price soars.
Interested investors can buy the token for $0.001105, but they should not wait too long to make their move, as the token’s price will continue to increase as its presale moves through different stages.
Bitcoin Second Chance (BTC)
Next up is Bitcoin Second Chance - a cryptocurrency created on the Binance Smart Chain that is positioned as “the Bitcoin of the people.”
Bitcoin Second Chance was designed for those who missed early Bitcoin opportunities more than a decade and a half ago, now. Like the original, Bitcoin Second Chance (BTC) is capped at 21 million tokens, and it emphasizes scarcity and long-term value. However, it also includes manual token burns to gradually reduce its supply even further over time.
The burns are planned and executed transparently by the devs to support token scarcity and community value.
Given its role and goal, the fact that it even carries Bitcoin’s name, and its deflationary mechanics, the token could skyrocket moving forward, especially since it is still brand new, having gone live only days ago, on October 13.
Currently, the token’s value is still only a fraction of a dollar, but this could change quickly if it starts attracting more attention and looking more and more like the original Bitcoin. If your research suggests that this might come to pass, now might be the best time to buy, as the project might literally offer investors a second chance at buying BTC.
Bitcoin Hyper (HYPER)
Another project inspired and closely related to Bitcoin is the new Bitcoin Hyper (HYPER), which is currently still in presale. However, unlike Bitcoin Second Chance, this one is not trying to copy BTC and its success, but rather to contribute to its network.
Bitcoin Hyper is a scalability solution for the Bitcoin ecosystem, emerging in the form of the fastest Bitcoin Layer-2 chain. Its goal is to address Bitcoin’s core issues, including slow transaction speed and high fees.
It plans to do this by bringing scalability and speed for Bitcoin, as well as programmability that will introduce smart contracts to the ecosystem, enabling the development of dApps, NFTs, DeFi protocols, new meme coins, and other blockchain products.
Bitcoin Hyper expects to go live before 2025 ends, and it believes that its launch will mark a major change for the future of the crypto industry. If true, then this could make it one of the best altcoins to invest in early, especially now while its ICO is still ongoing.
So far, the project has raised more than $23.8 million, while its token price is only $0.013125. There is a high likelihood that its value will skyrocket after launch in response to demand, as even the whales doubled down on its token, pouring major amounts into the project.
Experts behind the crypto YouTube channel 99Bitcoins, which has over 721k subscribers, believe that Bitcoin Hyper could be the next crypto, and the best altcoin to buy now, and that alone makes it worth considering.
Conclusion
The crypto industry offers plenty of opportunities for investors willing to take the risk, but only a few projects hold actual potential. Since hype is quite common for the sector, it can be difficult to determine which projects come with hype alone and which ones hold true value.
Investors, as always, continue to seek out the best altcoins to buy, and each of them must do their own research and decide whether they believe in any specific project or not before putting their funds on the line.
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.
