Top New Crypto to Buy as Binance CEO Assures Market Is in a Tactical Retreat, Not a Reversal
Richard Teng, Binances CEO, firmly believes that the current crypto dump wont last long. Referencing cryptos historical performance, Teng said that, just like traditional assets, crypto reacts to changes in the outside world, but it also bounces back. In anticipation, we highlight four top new crypto tokens to buy now.
Crypto Always Rebounds
Its important to view this as a tactical retreat, not a reversal. Crypto has been here before and bounced back even stronger.
Another piece of positive speculation from Teng is that the Fed could very quickly change its stance on rate cuts. He says the Feds pause on interest rate cuts is temporary and a cautious approach.
Once the job market weakens, the Fed will eventually cut rates, which could result in a reversal into the green again.
Whats more, crypto ETF filings are growing by the day, and theres been a steady inflow of new users into Binance. Both are good signs.
With things shifting direction on a fundamental level, the crypto market looks ripe for fresh buys. Thats why weve cherry-picked four of the best cryptos worth buying while theres still blood on the street.
1. BTC Bull Token ($BTCBULL) Best New Crypto to Buy Right Now
When we say crypto is about to have a comeback, were really talking about the King of Crypto, $BTC. As the OG crypto, Bitcoin is always at the heart of the discussion. Where Bitcoin goes, the rest of the cryptos follow.
This is why BTC Bull Token ($BTCBULL) is set to be one of the best meme coin presales this month. Holders not only benefit from the hype and growth of Bitcoin, but also from that of this low-cap meme coin riding in its wake.
If youre a $BTCBULL holder, youll be rewarded with free $BTC every time Bitcoin breaks through new milestones, such as $150K, $200K, and $250K. All you have to do is store your $BTCBULL tokens in Best Wallet.
With Bitcoin predicted to reach the $200K mark by year-end and cross $1M in the next few years BTC Bull Token offers another potentially lucrative opportunity for bullish crypto investors to profit off Bitcoins upward trajectory. Its presale has already raised over $2.8M, and you can join the bull army for just $0.002385 per token.
2. Solaxy ($SOLX) First-Ever Layer 2 Solana Solution
Dont mistake Solaxy ($SOLX) for just another meme coin. It has a solid proposition. As the first-ever Layer 2 solution on Solana, its in a pole position to benefit from the markets shift towards utility-based tokens.
Even though the Solana blockchain has been a massive success, its been struggling with slow transaction speeds and scalability issues in the face of huge traffic surges. Essentially, its own success has overwhelmed the network. This is where $SOLX comes in.
$SOLX is an innovative blockchain project that aims to remove ongoing congestion issues on Solana. Itll offload the workload from Solanas primary blockchain and execute transactions on a sidechain. This will ease the pressure on Solana, making transactions quicker and potentially cheaper, too.
With over $23.5M in funding already raised, $SOLX is easily among the best crypto presales live right now. You can back this revolutionary meme coin project for only $0.001646. Heres more on how to buy $SOLX.
3. Catslap ($SLAP) Combines Meme Appeal with an NFT Ecosystem
Catslap stands out as a breath of fresh air in the world of altcoins with its ridiculously entertaining and rewarding slap-to-earn mechanism.
Inspired by the viral slapping cat meme, Catslap offers token holders the opportunity to earn real money by slapping a character as many times as they can. Theres a slapometer to keep score.
The Catslap team has paid out $100K worth of USDT to top slappers in January. Thats some serious marketing game. Whats more, the project team also organizes regular buybacks and token burns to support $SLAP.
$SLAP has been off to a great start and rose by 33x almost immediately after listing. This means early presale investors made almost 90x returns on Catslap. Insane.
Even though the tokens price has been trending downward in the last few weeks, the Catslap teams dedication, combined with the projects amusing mechanics, serves as reasons to remain bullish on this low-cap meme coin. You can buy 1 $SLAP for just $0.0006400 if you get in now.
4. Book of Ethereum ($BOOE) Repository for Meme Sharing and Engagement
As memes become a vital part of the modern investing landscape, a digital repository of memes makes financial sense.
Book of Ethereum ($BOOE) will be a collection of all Ethereum-related memes. The project aims to promote a vibrant community around memes and digital art. Additionally, it will also serve as a decentralized platform for engagement within the Ethereum community. Gotta love the token name, too!
$BOOE even received a follow from none other than Ethereums founder, Joseph Lubin, himself, and there are rumors of other connections between $BOOE and other $ETH founders.
After reaching a peak of around $0.75 in October 2024, $BOOE finds itself among the top gainers once again. It has jumped by a mind-boggling 70% in the last seven days. Each token is currently priced at $0.2457, making $BOOE one of the best cryptos under $1.
Final Verdict
Even though the market is like a lion leaning back before it leaps, theres as much need for caution as there is for optimism at this time. Volatility, after all, is ever-present.
The momentum needed to propel the market forward is not yet here, but experts agree its just a matter of time. Even so, any investment you make must be one you dont mind letting sit for a few months at least.
Additionally, and most importantly, always do your own research before investing. The above article isnt a substitute for financial advice.
Text source: NewsBTC
