Nano Labs, a Chinese blockchain infrastructure provider, has announced its plan to buy $1B worth of $BNB, which is the native token of Binance.
The company plans to ultimately hold around 5%-10% of $BNB’s total supply, around $4.7B-$9.4B. The first phase of the acquisition will involve a $500M purchase funded by the sale of convertible promissory notes.
Binance, by the way, is the largest cryptocurrency exchange in the world, with daily volumes exceeding $14B. As a result, $BNB is also the fifth-largest crypto in the world, with a mind-blowing market cap of $90B.
It’s worth noting that the Nano Labs stock skyrocketed by this news, rising from $10.89 to $29.18 (a 167% rise) in a matter of a few minutes.
Read on to know more about this gigantic $BNB investment and why it’s a good sign that the industry is seriously bullish on altcoins other than Bitcoin.
We’ll also point you towards the best altcoins you can buy to benefit from the upcoming altcoin season.
Bitcoin Isn’t the Only Reserve-Worthy Asset
Institutions lately have been stockpiling Bitcoin in what can be called a buy-and-HODL strategy, aiming to capitalize on the favorable regulatory changes (Donald Trump announcing a US Bitcoin reserve, for example) surrounding the digital gold.
It all started when Michael Saylor’s Strategy started buying $BTC left, right, and center. The company alone now holds around 592,345 $BTC. Experts, though, have been worried about over-investment in Bitcoin.
A prolonged selling pressure could compel these institutions to liquidate their holdings and pay off the expensive loans they’ve raised for these investments. The absence of diversification was quite concerning, to say the least. Enter Nano Labs.
Even though the company hasn’t revealed why it picked $BNB over the likes of $SOL or $ETH, or if it has struck any deal with Binance, the good news is that this purchase signals a potential shift in institutional behavior.
As large companies begin looking at assets other than Bitcoin, it could lead to fresh liquidity and investor interest being unlocked in tokens previously overlooked by investors in favor of Bitcoin.
With that in mind, let’s look at three top cryptos that have the potential to lead the next altcoin frenzy.
1. Snorter Token ($SNORT) – The Next Crypto to 1000x, Powering the Telegram-Native Snorter Bot
Snorter Token ($SNORT) is one of the best cryptos you can consider buying if you want to benefit from the broader market’s increasing interest in high-potential altcoins.
Predicted to explode 1,900% and reach $1.92 by 2026, $SNORT powers the Snorter Bot, a Telegram-native trading bot designed to help retail traders identify and manage the best meme coins on Solana, with plans to support Ethereum, BNB, Polygon, and Base, too.
Snorter will help you snipe liquidity in new meme coins. Just connect your wallet to Snorter Bot and watch it seamlessly place and execute limit orders and stop-losses with simple commands like /snipe and /portfolio.
Security is another big selling point. Snorter Bot will protect you from rug pulls, sandwich attacks, honeypots, and automated sniping scams, offering you a legitimate playing field against whales and other institutional crypto players.
In addition to a chunky gain on your investment, buying $SNORT will also reduce your trading fee from 1.5% to just 0.85%.
Visit the official $SNORT website and buy one token for just $0.0963 – here’s how to buy it. Note that the project has raised over $1.25M so far.
2. Bitcoin Hyper ($HYPER) – Bitcoin Layer 2 for Fast & Low-Cost Transactions
While the rise of tokens other than Bitcoin is fantastic for the broader crypto market’s health, $HYPER is a new Bitcoin-themed altcoin proving why, if crypto projects can provide real utility around the greatest blockchain ever, they could be the next crypto to explode.
Bitcoin Hyper ($HYPER) aims to resolve Bitcoin’s slow transaction speeds, high costs, and lack of programmability.
It will build a Layer-2 on Bitcoin that will work together with a Canonical Bridge and Solana Virtual Machine (SVM) integration to allow users to convert their native $BTC from L1 to a wrapped version $BTC on L2.
This wrapped $BTC will allow you to access decentralized applications, interact with smart contracts, and execute high-speed, low-cost transactions, essentially transforming Bitcoin from a passive store of value into a programmable platform.
Bitcoin Hyper is currently in presale, where it has amassed $1.6M at the time of writing. Each token is currently selling for just $0.012025, which could soar 12,300% and reach $1.50 by 2030.
Here’s how to buy Bitcoin Hyper.
3. Tutorial ($TUT) – Viral New Education-Based Altcoin
With institutions finally realizing the true potential of the BNB Chain, it’s worth looking at an altcoin explicitly designed to educate people about the BNB ecosystem. Enter Tutorial ($TUT).
It’s a one-of-a-kind crypto in that it’s a comprehensive knowledge base of guides and tutorials aimed at people who are new to crypto and keen to learn more about BNB, including, say, setting up a crypto wallet, trading on decentralized exchanges, writing smart contracts, etc.
$TUT is raging fire right now. As one of the top trending cryptos, it’s up more than 70% over the past seven days. This includes a hefty 12% gain in just the last 24 hours.
The market’s best education-based crypto is currently trading at $0.05896, with expectations suggesting that it could continue to create new all-time highs, especially as the altcoin market looks to finish the month strong.
Wrapping Up
As institutions move past their obsession with Bitcoin and discover the potential of other fundamentally strong and community-backed cryptos, trending altcoins like Snorter Token ($SNORT) and Bitcoin Hyper ($HYPER) are in a pole position to skyrocket.
Don’t forget that the crypto market is highly unpredictable in your quest to double, triple, or quadruple your portfolio. Do your own research before investing, as none of the above is financial advice.