Disclaimer: The following is paid partner content. DL News and DL Research have not conducted independent analysis into the content of this article.
The crypto market is starting to pick up momentum, and traders are looking for the most promising tokens ahead of the next bull run.
Let’s explore 4 of the best cryptos to buy for big returns this year.
BTC Bull Token
What if there was a meme coin on the Ethereum network that pays users Bitcoin for doing nothing? Because that’s precisely what BTC Bull Token offers.
It’s an Ethereum-based meme coin that has partnered with multi-chain crypto wallet Best Wallet to enable users to hold $BTCBULL and earn passive Bitcoin rewards from the same app.
But it’s not all about Bitcoin rewards. Users will also receive free $BTCBULL token airdrops and can earn more via the project’s staking mechanism, which is live now and currently provides a 176% APY.
The project also has a burn mechanism, which permanently removes tokens from circulation over time. Reducing the supply makes the remaining $BTCBULL more valuable.
BTC Bull Token has an exciting outlook at the intersection of the Bitcoin and Ethereum ecosystems, especially with Ethereum gaining pace. The project is currently undergoing a presale, allowing investors to buy from the start. It has raised $2.6 million so far.
Solaxy
Solaxy is building the world’s first Solana layer 2 blockchain. With Ethereum pumping, it may seem counterintuitive that an infrastructure play for a rival blockchain could perform well, but the fact is that Ethereum leads the altcoin market.
In periods when Ethereum’s price grows, there is much more wealth circulating in the market, which can be invested in other altcoins.
And Solaxy is one of the most promising altcoin use cases on the market. It’s making Solana even faster and cheaper.
While Solana is already scalable, capable of 6,500 transactions per second (TPS), the network still grapples with congestion issues during peak activity. This leads to longer wait times and failed transactions.
Solaxy will eradicate this issue, positioning Solana to generate new adoption and use cases.
The project is also undergoing a presale and has raised $23 million so far.
Pepe
Continuing with Ethereum-based meme coins, Pepe could hold significant potential if Ethereum keeps rising. After dominating the meme coin market for over a year, Pepe peaked at an all-time high (ATH) of $0.00002825 on 9 December, equating to a market cap of $11.1 billion.
However, the crypto market has seen a substantial loss of momentum since December, and Pepe was no exception. The result is that Pepe now traders at $0.000009676, 65% lower than its ATH.
Given its position on Ethereum and being the most popular meme coin to launch this cycle, it’s highly likely that Pepe will recover and run to new highs concurrently with Ethereum. However, being a meme coin with a lower market cap than Ethereum, Pepe has more volatility and could provide more gains in a bullish rally.
Aave
The response to the ByBit hack shows that the crypto industry is maturing. Unlike FTX, Celsius, and 3 Arrows Capital, among other major crypto firms that went bust in 2022, ByBit’s solvency shows that the crypto industry is becoming more stable. This is precisely what institutional players seek when considering capital allocations.
Although the hack raises security concerns, it also proves that the crypto industry is battle-tested from a liquidity standpoint.
Aave is an Ethereum-based crypto project for decentralized finance. It offers decentralized lending and borrowing markets and has attracted capital from Grayscale and Donald Trump’s World Liberty Finance.
Currently, the project has a total value locked (TVL) of $17 billion. It’s down 10% this month, but with the bullish developments regarding ETH’s supply and demand dynamics, whales may funnel more money into the platform in the coming weeks.
The Aave token is used for governance and is currently priced at $253 with a $3.8 billion market cap.