Best Crypto to Buy Now as Elon Unveils ‘Bitcoin-Style’ Messaging App

Elon Musk, the boss of X (formerly Twitter), made an announcement on Sunday that he will be launching a brand-new messaging app known as XChat.

The messaging app is generating buzz since it has been built on Rust and features a “Bitcoin-like” encryption. Even though the Tesla boss expected this news to go well, both Bitcoin and tech enthusiasts haven’t shown much excitement towards the product.

Nevertheless, even if it is just another market gimmick, it does show an effort by a major player within the crypto space to mainstream the Bitcoin-talk into traditional tech, which could be good news for the world of cryptocurrency projects. It could lead to more rush among people to find the best crypto to buy now.

Elon’s Announcement Fails to Impress Most

In a rare turn of events, Elon Musk’s announcement has failed to generate a positive buzz within the cryptocurrency community.

Ian Miers, Assistant Professor of Computer Science at the University of Maryland, jokingly wrote on Twitter that Elon Musk’s statement is like NASA saying they have decided to run their rockets on water, since the fuel is both hydrogen and oxygen.

Furthermore, the entire concept of encryption isn’t attuned with Bitcoin. Bitcoin primarily focuses on signatures, not encryption, which means all the data shared on Bitcoin nodes is unencrypted, giving strangers access to the network.

Miers further added that the terms “Bitcoin style” and “Rust” are not descriptions of an encryption scheme.

So, does Elon Musk’s announcement impact the Bitcoin price in any way? Not really. However, it has sparked conversation around the use of Bitcoin’s tech in other applications. And since the entire cryptocurrency market is driven by speculation, even the possibility of such a tech could have a long-term impact on the cryptosphere.

Which is the Best Crypto to Buy Now?

While Elon Musk’s latest tweet has failed to garner a positive reaction from the community, there are other assets that could benefit from it. Here are the top picks that investors should focus on in 2025.

BTC Bull

Bitcoin has pulled back from its all-time high and even lost the support at $105K, below which it is currently trading. But the hope that the market will return in full force is still here. That’s why BTC Bull, a meme coin inspired by Bitcoin, could be the best crypto to buy now.

The aesthetic theme of this project is simple, as it involves a bull being bullish about Bitcoin. A strong, crypto-friendly image is then complemented by a utility that could potentially establish a symbiotic relationship between Bitcoin and BTC Bull.

Every time Bitcoin crosses a certain benchmark in terms of price, BTC Bull will unlock token burns and Bitcoin airdrops alternatively.

With token burns, the hope is to push the value of the crypto up through the standard supply-and-demand dynamic. And with free Bitcoin airdrops, the hope is to create new holders that could further strengthen Bitcoin’s stand in the market.

This approach to grow alongside Bitcoin without being referred to as a BTC alternative is what makes BTC Bull such an interesting project.

Many crypto analysts, including 99Bitcoins, have stated that BTC Bull could be one of the biggest gainers this year. Considered as an ICO, BTC Bull has raised upwards of $6 million to date.

Snorter

Elon Musk’s focus on pushing traditional crypto narratives into existing technologies might not have gotten the expected results, but using traditional AI-driven features in cryptocurrency projects is why Snorter is gaining so much attention.

The meme coin project featuring an aardvark as its main mascot, Snorter’s primary theme is to “sniff out the meme market.”

The project is essentially an automated sniping tool on Telegram that lets investors sniff and “snort” the best meme coin investment opportunities within the Solana-based ecosystem. The idea is to let investors find the best new cryptos within the Solana chain and invest in them as soon as possible to make maximum gains.

The project also features MEV protection to prevent front-running, rugpull protection, and honeypot detection to prevent fraud. Specific risk-adjustment tools such as limit orders have also been added to the ecosystem, making this project stand out.

With over $500K raised already, this is the project that could continue to gain attention in the coming days. Major crypto YouTubers have started to talk about it already.

Even Cilinix Crypto, one of the most skeptical cryptocurrency analysts known for his sharp and honest takes on presales, has viewed this project positively.

Best Wallet Token

Elon Musk’s statement has shown that one should not focus on upselling a product by forcefully injecting a crypto narrative into it, but instead keep things simple. Best Wallet Token, thanks to its wallet being one of the most accessible on the market, is an example of that.

The entire ecosystem has been built to create a decentralized economy, bolstered by a governance model that will ensure Best Wallet continues to introduce new features.

For now, the features within the ecosystem that make it stand out include staking, the ability to buy and sell cryptocurrency, and the token launchpad.

Best Wallet’s token launchpad, which was previously known as “Upcoming Tokens,” has been responsible for highlighting some of the biggest cryptocurrency presales in the past. It continues to be a standout aspect of this project and could potentially continue to grow as time goes on.

Additional perks such as portfolio management have also been added to this ecosystem—all of which make Best Wallet Token a desirable cryptocurrency to invest in.

Best Wallet Token is one of the more utility-centric projects to have emerged from the cryptocurrency economy. And since it has raised close to $13 million already, it could potentially become one of the best projects of 2025.

Conclusion

Elon Musk’s XChat reportedly features perks like audio and video calls as well, which does make it a unique project. The end-to-end encryption is a commendable attribute, and the integration of X does make the ecosystem more social.

However, creating a narrative around it being powered by encryption with a “Bitcoin Style” does seem like a forced reasoning meant to entice more people toward Bitcoin. While the Tesla founder’s words were enough to move the price of Doge in the past, his “tweet magic” on Bitcoin isn’t working, apparently.

Meanwhile, there are other options in the market for people yearning to find the best crypto to buy now. Some of these projects may represent the true merger of traditional and AI-driven ecosystems that Elon Musk merely claims—making them unique.

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