Bitcoin’s bull run seems to have slowed down, as the price chart shows that its dip to $100K could become a reality any day now.
The world’s largest cryptocurrency has dropped by more than 4.4% in the last 24 hours. Currently trading just above its $103K support, Bitcoin’s current state is making investors nervous.
As the market grapples with the ongoing volatility, investors should focus their attention on the best crypto to buy now.
Bitcoin is the Victim of Moderate Profit Taking – CryptoQuant
People get anxious when the Bitcoin price crosses the $100K level, and that seems to have been the case now too. Bitcoin is currently the victim of moderate profit taking, CryptoQuant noted, citing recent activity which shows Bitcoin’s net realized profit and loss.
Although they are lower than the spikes that emerged in November 2024, their mere presence means that retail investors are slowly pulling back.
However, the short-term correction to the $100K value won’t be permanent, claims CryptoQuant. “It is not significant enough to mark the end of the upward cycle,” it said.
Glassnode has also predicted Bitcoin’s fall to $100K. However, it believes that when the short-term realized price of $96K is reached, the BTC price will bounce back.
Altcoin Sherpa, another cryptocurrency analyst, has predicted that Bitcoin is primed to bounce in the coming days and will return to its mega bullish behavior.
The analyst has even gone on to say that the current run is a bit healthier because of the long consolidation the market faced during the summer of 2024.
Overall, the community is responding with cautious optimism, and most believe that while Bitcoin is going down, the correction may only be short-term. While every analysis from the market has to be taken with a healthy grain of salt, it is better that investors focus their efforts on ICOs instead.
Best Crypto to Buy – Smart Picks for Investors Looking for Early Bird Gains
Here are the best picks for investors looking for early bird gains.
Mind of Pepe
Mind of Pepe is closing in on ending the final mega round of its presale, giving users the final chance to invest in its AI agent ecosystem.
The project has gained a healthy following on X and other social media sites following the launch of its AI agent, which is continuing to gain traction even now.
The AI agent, known as the MINDagent, is an autonomous system that provides deep market insights and sharp takes about the current ecosystem. Adopting a unique tone that combines facts with fun, Mind of Pepe’s agent has been a major hit among investors.
Beyond the agent, the project is also coming up with a terminal, which will provide deep market insights, charts, and other features in one window.
What makes these use cases interesting is that they are coming from a niche of meme cryptos, blurring the line between utility and viral potential.
Analysts like CryptoNews believe that this cryptocurrency project could 500x post-launch as well, which is echoed by most within the Mind of Pepe community.
Those looking for high-potential gains in the short term and long term should consider taking this final chance.
Snorter
As Bitcoin’s price action sets the stage for even more market volatility, people are focusing on meme coin assets that could bring them gains quickly. The problem lies with timing, which Snorter aims to tackle through its Telegram-based trading systems.
Enabled by artificial intelligence, Snorter’s primary functionality is as an automated sniper so that investors don’t miss out on lucrative cryptocurrency investments. The platform has been consolidated with MEV-resistant features, honeypot detection, and rug pull protection.
Essentially, the project primarily focuses on giving meme coin investors a way to make informed decisions—even if they are engaging in rapid investing in a bid to maximize gains.
The trading system being built on Telegram gives it an extra edge, making it accessible to a large crowd.
The standout feature of this project is also the main mascot animal—aardvark. It is a unique animal within the meme niche, and the act of “snorting” here has been equated to the act of swallowing profits as fast as possible.
Therefore, this combination of solid imagery and utility could make it the best crypto to buy now. As a crypto ICO, it has already raised upwards of $275K and has been covered by many coveted cryptocurrency analysts on YouTube, including Jacob Crypto Bury.
“It is a unique project within the Solana ecosystem and plays on the Solana meme coin narrative while also offering a unique ecosystem,” noted the YouTuber.
SUBBD
Bitcoin’s current price action is a stark reminder of the fact that the market needs a stronger crypto that can provide users with better utility.
And when it comes to unique and viral use cases, spicy content-themed AI agents could be counted as one of the top choices. That’s what SUBBD provides.
Described by the official website as an AI agent platform, the value of SUBBD lies in giving top content creators a way to earn more money and their fans a chance to engage with these creators in a more collaborative fashion.
Tackling a large industry worth $85 billion, SUBBD has adopted a decentralized model through which creators are paid more, and an ecosystem is developed where new content can emerge thanks to AI prompts.
This sharp focus has allowed SUBBD to onboard over 2,000 top-earning creators who have a collective following of 250 million.
The utility-driven project has raised upwards of $500K to date. While this pace is slower than most, the chances of it gaining massive traction in the future are high because of the niche content it aims to provide.
Summary
With the market currently slipping, the focus is on finding the best cryptocurrency investments that could make gains regardless of the current geopolitical ecosystem. Therefore, the best crypto to buy now could be found among crypto ICOs. These early projects have already proved themselves and could have potential upsides thanks to their use cases.
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.