Best Crypto to Buy as Bitcoin Edges Towards $100K Amid US-UK Trade Deal
President Trumps announcement of a major trade deal thats set to take place on May 8th and become the first in a series of many has reinvigorated investor interest in stocks and cryptocurrencies.
Following the presidents post on Truth Social, S&P 500 went up by 0.78%, Nasdaq futures by 1.09%, while Bitcoin (BTC) outperformed them both, growing by nearly 3% between May 7th and 8th.
Bitcoin reached its previous all-time high (ATH) amid Trumps inauguration on January 20th, and it touched the $100,000 mark again today as British and US officials hint that the first trade deal may be signed with the UK.
As Bitcoin gains momentum, altcoins are also following suit, with the likes of Solana, Ethereum, and many meme coins seeing strong gains today. Lets take a look at four tokens that could capitalize on the bullish sentiment this month.
Hedera (HBAR)
Hedera stands out as a next-gen ledger platform that utilizes its unique hashgraph consensus to achieve rapid and scalable transaction processing, boasting up to 10,000 transactions per second and achieving finality in just three to five seconds.
As the networks native token, HBAR fuels and secures the network, as it is used as a payment method for network services.
Plus, Hedera is led by a council of up to 39 organizations, currently including Google, IBM, and Dell among others, which has allowed it to secure strategic partnerships with tech giants like NVIDIA, boosting its visibility.
Technical analyst Crypto General, who accurately predicted a slight dip in HBARs value over the first week of May, believes the token is now in an excellent position for further growth.
The analyst expects HBAR to reach $2 by November, with its Relative Strength Index (RSI) back to neutral territory and bullish momentum building as demand returns.
BTC Bull Token (BTCBULL)
Bitcoins surge has put a spotlight on BTC Bull Token, a project thats still in its presale phase and revolves around rewarding its community based on Bitcoins performance.
Analyzing the projects tokenomics and roadmap shows that BTCBULLs developers are confident BTC can reach $250,000, and that theyve prepared several rewards for those sharing their view.
The token is designed to amplify the gains of each holder during Bitcoin bull runs, with a total of 15% of the BTCBULL supply set aside to be burned as Bitcoin grows in value, and BTC and BTCBULL airdrops already scheduled.
Jacob Crypto Bury, a popular presale analyst, believes BTCBULLs unique approach to the market could result in a 10x surge for the token, especially as Bitcoin shows increasing growth potential.
The expert advises his audience to enter the presale while the BTC Bull Token per-token price, currently at $0.0025, is low, as it will only increase as the presale raises funds and time passes.
Immutable (IMX)
Immutable is quickly becoming a cornerstone of Web3 gaming with its Layer 2 scaling solution for Ethereum thats built for NFTs and blockchain gaming with gas-free transactions, instant trade confirmations, and numerous other features that are beneficial for high-volume gaming environments.
Plus, its zkEVM, which combines Ethereum Virtual Machine (EVM) with zk-rollups, opens the door to a plethora of decentralized apps and games.
As the merge of the two components nears, scheduled for late 2025 according to the projects developers, IMX is growing in popularity, with a 50% surge over the past 30 days. The tokens price skyrocketed when the project revealed its partnership with Ubisoft to launch a new Might & Magic game.
Crypto expert Lucky believes IMX is ready for a surge above the $2 mark following its breakout from a prolonged Falling Wedge pattern, which was followed by a healthy correction.
Calling Immutable the infrastructure of crypto gaming, he expects IMX to achieve massive gains by the end of summer.
AIOZ Network (AIOZ)
AIOZ is the native token of the AIOZ Network, which seeks to merge decentralized storage, AI computation, media streaming, and more components into a single ecosystem.
The networks users can earn AIOZ tokens by lending their unused computational resources, such as CPU, GPU, and storage, to support the network. The tokens central role in the AIOZ ecosystem also provides holders with governance rights and is used for staking.
Launched in 2021, AIOZ Network entered its most transformative year, with its 2025 roadmap introducing several upcoming upgrades that could significantly boost its native tokens adoption and utility.
The news of upcoming upgrades has already helped AIOZs price more than double in value since early April, and chart analyst Solberg believes thats just the start of its push above the $1.4 mark.
Although the analyst expects it to retest support before the next leg up, Solberg is confident that AIOZ can more than triple in value from its current price of $0.42 this summer.
Read more: https://www.tronweekly.com/best-crypto-to-buy-as-bitcoin-edges-towards-100k-amid-us-uk-trade-deal/
Text source: TronWeekly
