Recently, Bitcoin has been experiencing great volatility, like riding a roller coaster. In early December, Bitcoin finally crossed $100,000, reaching $108,000 on December 17th. But prices have been falling since then, starting at around $98,000 earlier this week.
In particular, the price of Bitcoin fell to $93,000 due to the recent news announced by the US Department of Justice (DOJ).
The US Department of Justice has authorized the sale of 69,370 bitcoins (about $6.5 million) seized from dark web markets.
According to reports, the Department of Justice is pushing for a quick sale of Bitcoin due to its volatility, and a federal judge approved it on December 30.
This Bitcoin is used to trade illegal goods and services. silk roadHe was captured at (Silk Road). Silk Road is an online marketplace for drug dealing, hacking and money laundering.
However, if President-elect Donald Trump is elected as one of his campaign promises, I will travel Ulbricht's sentence.And I promised.
Many expect the price of Bitcoin to rise on January 20, the day of Trump's inauguration. Considering Trump's pro-cryptocurrency policies, including the establishment of a strategic reserve for digital assets, this is expected to have a positive effect on Bitcoin.
However, after the announcement of the Department of Justice, the price of Bitcoin fell significantly.
Economist Peter Schiff (Peter Schiff)About this decision of the Ministry of Justice There is a lot to talk aboutHe said. He sees this decision as evidence supporting his warning that Trump will not buy Bitcoin.
With Bitcoin prices falling, will the altcoin season begin?
With Bitcoin's volatility so high, price movements over the coming months will be a very important indicator. Amidst this volatility, altcoins are emerging as a more attractive investment destination. There are several well-known cryptocurrencies in the current altcoin market. Among them, we introduce the 5 best cryptocurrencies to buy.
1. Wall Street Pepe ($ WEPE) – Pre-sale chart
This meme coin is currently in the pre-sale phase, but pepe wall streetgetting a lot of attention from investors. This coin, which raised $44.6 million in just one month of pre-sale, is a cryptocurrency with the potential to achieve significant growth in the future.
Retail investors are joining the $WEPE frog army. Here, you'll find trading advice and insight from Wall Street Pepe.
Why is Wall Street Pepe doing this?
This Wolf of Wall Street style frog character aims to eliminate the 'whales' who manipulate the market. They are hiding in insider trading groups and manipulating the markets. So he trains his army of frogs to trade like professional traders and helps them become 'whales' themselves.
The $ WEPE presale was scheduled to end at the end of February. However, it is possible that it will end earlier than that as the current tokens are running out quickly.
2. Solaxi ($SOLX) – Tier 2 ecosystem for Solana
Solakshigetting a lot of attention. As the world's first tier 2 ecosystem for Solana, Solakxi shows great promise. Also, currently on pre-sale Solakshi The platform is being developed based on Solana's strengths. However, as many investors are aware, Solana is experiencing serious problems including traffic congestion and failed transactions.
Solakshi seemed to solve this problem. Solakshi intends to solve this problem with excellent speed, scalability, and reliability. Solakshi has a total token supply of 138 billion, 30% of which will be used for level 2 ecosystem development.
To date, $9.4 million has been raised, and interest in Solakshi continues to grow. As soon as Solakshi starts working, he is expected to bring great improvements to the party.
3. Fuzzy Penguin ($PENGU) – A reliable coin that goes against market trends
After first launching on the Ethereum blockchain in 2021, Fuzzy Penguin ($PENGU) was also launched on the Solana blockchain last December, expanding to target new markets .
This strategy was intended to promote the growth of the $PENGU community and attract more users. As a result, it has been very successful so far.
As you can tell just by looking at the name, $PENGU has an NFT collection of 8,888 cartoon characters. These characters symbolize different emotions such as love, happiness, sympathy, and empathy, and they have very meaningful business goals beyond their cute appearance. This is not just a meme coin, but a project with real business plans and intentions.
Currently, there is a market capitalization of $2.058 trillion in the kina market. Ranked 67th on CoinGeckoIt is rated. In the past month, $PENGU has shown a relatively stable price movement, and is currently trading at $0.03282 per $PENGU. This shows that price stability has been maintained despite the entire cryptocurrency market being stagnant.
4. Best Token Wallet – Exciting benefits for holders
Maybe you already are The Best Wallet AppYou may have heard of it. Some people may already be using it. This mobile application has many benefits, 100% carefree. And now Best Wallet has its own brand Best Wallet Brands ($BEST)Additional benefits will be provided through.
$BEST holders can enjoy a number of benefits, including early access to new and pre-sale projects, discounted transaction fees, higher pledge rewards, and a voice in community management. To date, Best Wallet Token has raised over $6.8 million in pre-sales, and this growth rate shows no signs of stopping.
For more information about $BEST light paperThis can be verified through , and information on the development path of the ecosystem and future indicators is also provided.
5. Pepe Unchained ($PEPU) – A solid start to this level 2 meme ecosystem.
Pepe Unchained ($PEPU), like Wall Street Pepe, is another meme coin based on the Pepe the Frog character. This coin set a huge pre-sale record.
When $PEPU exceeded $30 million, the community declared Pepe UnchainedThe best selling presale signal ever' is recommended.
By the end of the presale, Pepe Unchained had raised $74 million and was listed on DEX and CEX in December.
Pepe Unchained is a layer 2 blockchain for Meme Coin that is currently working, and the release of pumped patches is imminent.
To be honest, $PEPU didn't do very well last week. This is because the market crashed after the US Department of Justice announced the sale of Bitcoin. However, past performance has been excellent, and we expect $PEPU to bounce back soon.
decision
There is good news for investors avoiding Bitcoin after the US Department of Justice announced plans to sell 69,370 BTC. Not everything is dark.
Perhaps Bitcoin could make a comeback after President Trump takes office.
In the meantime, you can consider other options, including the five best cryptocurrencies to buy that are described in this article. It is an option worth considering.
Of course, it's important not to just take our word for it, but to do your own research (DYOR) before making any investment decisions.
