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Bitcoin Price Hits New All

The crypto market typically moves in the opposite direction of the crowds expectations.

BTC‘s bullish momentum doesn’t appear to be fading just yet. Around $1.5 billion in Bitcoin shorts would be wiped out if BTC reaches $120,000. The max pain zone points upward, making a continued rally more likely.

However, altcoins are now in the drivers seat. The TOTAL2 market cap, which is the sum of the market cap of all crypto assets excluding BTC, has broken out of its macro downtrend.

Meanwhile, ETHBTC is showing strength as well, and a breakout above 0.02570 would confirm the start of an altseason.

Welcome to the bull market on #Altcoins.

Best Altcoins To Buy Now

Thanks to strong institutional demand, Ethereum is back to being one of the most attractive investments on the market.

The ETH price reclaimed $2800 on Wednesday, and analysts believe that $3200 is next.

Smart money investors continue to view meme coins as excellent beta bets on their respective blockchains. For instance, the Pepe price is up by nearly 10% over the past 24 hours, with a strong consensus that it is one of the best altcoins to buy today.

Other top altcoins in the Ethereum ecosystem, including Lido DAO, Optimism, Virtuals Protocol and Ethena, are also showing significant bullish strength.

Similarly, the Solana price has broken out as well, trading as high as $158 on Wednesday. Leverage traders are rushing to open long positions, with most anticipating another retest of the $180 resistance. A breakout there would pave the way for a rally to $240.

Much like Ethereum meme coins, Solana meme coins are pumping as well. Pudgy Penguins (PENGU) has posted the highest gains of any top 100 crypto asset on CoinMarketCap, likely buoyed by the SEC acknowledging Canary Capitals spot PENGU ETF.

Dogwifhat and SPX6900 are among the top performers as well.

With the return of the bull market euphoria, new meme coins are back in the spotlight. For instance, Snorter (SNORT), which has already raised over $1.5 million in its presale, has caught the attention of whales and retailers alike.

It powers the Snorter Bot, a Telegram-based trading suite that offers sub-second sniping, copy trading, and scam protection.

With just 0.85% fees for token holders and plans to offer multi-chain support, Snorter Bot is the perfect trading tool for retailers looking to level the playing field against whales. Many prominent analysts are already calling it the next 50x crypto.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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