KEY POINTS:
➡️ The futures market picks up as Bitcoin hit $110K in a particularly volatile moment for the crypto market.
➡️ Open interest in Bitcoin futures reached $71.99B, with CME and Binance making up a good chunk of the demand.
➡️ The Bitcoin Hyper and Best Wallet Token presales continue to pump as traders seek the best altcoins to buy right now.
As we reach the middle of the week, the market is still trying to find its footing after a massive sell-off on October 10 that liquidated around $19M worth of futures positions.
But yesterday’s increase in futures open interest signals that traders are willing to return to the market, but only if Bitcoin’s price picks up as well.
Based on Coinglass data, CME and Binance made up a good chunk of yesterday’s open interest, with $16.4B and $13.04B, respectively.
Source: Coinglass
However, with Bitcoin’s price ranging around $108K, open interest is currently muted at $69.29B.
Meanwhile, token presales such as Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST) continued to pump, as traders sought the best altcoins to buy in the currently volatile market.
With the continued uncertainty brought about by US President Donald Trump’s China tariff threat, traders are looking for wins elsewhere. At the moment, the following are proving themselves to be the best altcoins to buy.
1. Bitcoin Hyper ($HYPER) – Creating a New Level of Speed, Low Cost, and Scalability for the Bitcoin Ecosystem
The latest rebound in open interest in Bitcoin futures goes to show the enduring draw of the world’s most valuable cryptocurrency. But as it is, the Bitcoin blockchain is bogged down by slow and expensive transactions, and limited scalability.
Bitcoin Hyper ($HYPER) aims to fix these with its proposed Layer-2 (L2) network.
By integrating the Solana Virtual Machine, the L2 will be able to deliver lightning speeds not possible with the base Bitcoin blockchain. This will allow for more transactions to be processed at once, which will bring down transaction costs as a result.
It’ll also feature a canonical bridge. This will enable you to send your $BTC from the base blockchain to the L2 so you can use your coin for various applications, such as staking, trading, and interacting with dApps.
Powering the L2 is Bitcoin Hyper’s native $HYPER token. Holding this will give you governance rights and access to exclusive features. Of course, you can also use it for gas fees when the L2 launches. Discover more about this upcoming token in our comprehensive $HYPER review.
For now, you can buy $HYPER via the official Bitcoin Hyper website. Each one costs a very affordable $0.013155. Alternatively, you can stake your tokens and enjoy 48% p.a. in staking rewards.
With over $24.5M raised, Bitcoin Hyper is without a doubt one of the hottest presales of the year.
So, don’t be left behind. Buy your Bitcoin Hyper tokens today.
2. Best Wallet Token ($BEST) – Delivering Top-Tier Perks to One of the Most Secure Crypto Wallets on the Market
Best Wallet Token ($BEST) is the native token of the crypto wallet of the same name. As a token holder, you’ll get added benefits within the Best Wallet ecosystem.
For one, you’ll get low transaction costs. This translates to tons of savings the more you use the Best Wallet app. Plus, you’ll enjoy governance rights, so that you can vote on key decisions on the ecosystem. Finally, you’ll have early access to token presales through the Token Launchpad.
After all, Best Wallet isn’t only a place to store your digital assets. Here, you can also buy and trade tokens, with new features added regularly.
The wallet is highly secure too. As a non-custodial wallet, only you will have access to your private keys, which are used to sign your transactions and prove that you own your assets.
To enjoy everything the app has to offer, buy $BEST tokens today through the official Best Wallet Token presale page. Each one costs $0.025825, which is a pretty small price to pay considering what you’ll get in return.
Staking is also available. Doing so will earn you 79% p.a. in staking rewards, although this can still change as more investors lock their tokens in the staking pool.
However, time is running out if you want to join this project, which has already raised over $16.6M so far.
Invest in the Best Wallet Token before it’s too late.
3. Nexchain ($NEX) – Building a Next-Gen Blockchain with the Power of AI
Nexchain ($NEX) is the first blockchain built entirely by AI. But that’s not even the most exciting part of it.
First, let’s talk about speed. While Solana, for example, can theoretically handle up to 65K transactions per second (TPS), it pales in comparison to what Nexchain will offer – at 400K TPS – when it launches.
According to the project team, this is possible thanks to AI optimization and simultaneous processing. This ensures that all transfers will be instantaneous and won’t overload the network.
Then there’s its security. Combining Proof-of-Stake and AI-driven algorithms, it’ll be able to deliver top-notch security and performance.
Meanwhile, its crypto exchange will freely interact with other ecosystems using cross-chain bridges. This will allow for exceptional interoperability across various blockchains.
💰 All of these optimizations will result in ultra-low fees of just $0.001, which you can enjoy as a $NEX token holder.
At the moment, you can purchase $NEX tokens through the Nexchain presale page. Each token costs $0.112, which will go up to $0.116 during the next and final presale stage. This is why the sooner you buy in, the better.
After the presale, the team will list $NEX on exchanges at $0.30, giving you an even more compelling reason to get in as early as possible.
Aside from discounts on transaction fees, token holders will also receive a slice of the 10% daily share of all gas-fee revenue.
To learn more about Nexchain, read its official whitepaper.
Source: https://bravenewcoin.com/partner/best-altcoins-to-buy-futures-open-interest-picks-up