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Will Altcoin Season Follow the GameStop Pump? 5 Best Cryptos to Buy Now

Release: 2024/05/16 02:03 Reading: 726

Original author:CoinPedia News

Original source:https://coinmarketcap.com/community/articles/6644eeb5745a2d248d233d87

Will Altcoin Season Follow the GameStop Pump? 5 Best Cryptos to Buy Now

After a three-year hiatus, the GameStop frenzy has resumed, with its price surging by 59% today.

The last time GameStop exploded, liquidity rotated from meme stocks to crypto, igniting Dogecoin's rise to an $80 billion market cap and Solana's 66x pump to a $78 billion market cap.

Adding to the excitement, analyst CryptoAmsterdam noted that the current altcoin market cap is the same as when GameStop first pumped in 2021, and altcoins followed shortly after.

[Image of CryptoAmsterdam's tweet: "We're living in a simulation for real; The total Altcoin market cap is at the exact same spot as the 2021 GME pump, when Altcoins followed shortly after."]

As such, the recent GameStop explosion creates a favorable environment for the cryptocurrency market to enter a new altcoin season.

Therefore, this article explores the five best cryptos to buy now:

1. 99Bitcoins Token

The 99Bitcoins token is the latest initiative from the prestigious 99Bitcoins media company, known for its decade-long track record of providing high-quality industry news and content.

The token is currently undergoing a presale, allowing investors to buy in at a pre-market price. It is available for $0.00105, but this price will rise throughout the presale, with the next uptick in six days.

$99BTC grants users access to the new Learn-to-Earn layer, where they can generate free crypto rewards by advancing through the educational content.

2. Dogeverse

Dogeverse is the first doge-themed cryptocurrency to go multichain, introducing cross-chain technology into the meme coin domain.

Its unprecedented multichain approach encapsulates the essence of memetic culture, establishing a unified community that overlooks blockchain technicalities.

The meme coin also offers a staking layer, rewarding holders while stimulating price stability and long-term potential.

3. WienerAI

WienerAI is a new AI cryptocurrency packaged behind the playful exterior of a sausage-dog-themed meme coin.

The project will deliver predictive, instant, noob-friendly, and MEV-free trading powered by AI.

WienerAI is based on a sausage dog who is rallying a "sausage army" to dominate the meme coin market.

4. Pepe

Pepe is a top-performing meme coin that has outperformed the market following GameStop's price explosion.

It is currently trading at $0.0000113, up 11% today, 43% this week, and 99% this month.

Pepe currently stands as the third largest meme coin but is the largest by trading volume.

5. Toncoin

Toncoin is another top-performing large-cap crypto this week that has displayed notable strength, soaring by 22% and recovering from the recent market-wide sell-off.

Toncoin is a Telegram-native blockchain that provides the application's 900 million users with access to crypto.

It has seen spectacular success in terms of adoption, adding almost 1 million active wallets this month.

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