The first US spot $XRP ETF just made its debut, and $XRP investors can’t keep calm.
Within 90 minutes, the fund racked up $24M in trading volume.
The explosive debut has sparked hopes of a broader market rally. And as Uptober sentiment starts spreading across the market, investors are on the hunt for the best altcoins to buy now.
REX-Osprey ETF Sparks Optimism
REX Shares and Osprey Funds has launched the REX-Osprey $XRP ETF, the first US-based ETF tied to $XRP.
The ETF offers exposure to $XRP via a Cayman Islands subsidiary. $XRP, being the third-largest crypto and backed by a cross-border payment ecosystem, has long tempted traditional investors. But many fear taking the first step.
The new ETF, however, opens the door for traditional investors to access $XRP without the hassle of installing a crypto wallet or managing private keys.
The fund’s strong debut surprised both investors and analysts. For example, Bloomberg Senior ETF Analyst Eric Balchunas describes the $24M figure as a ‘semi-shock,’ as its performance is five times stronger than $XRP futures ETFs managed on their first day.
It has also sparked bullish sentiments in the crypto community, as the launch could bring more institutional capital to the $XRP ecosystem. In fact, 58% of Myriad users expect the $XRP price to hit a new all-time high of $4.
As Uptober approaches, which altcoins could follow a similar trend and moon? Here are what we’ve identified as the best altcoins to buy now.
1. Bitcoin Hyper ($HYPER) – Building A Long-Awaited Bitcoin Layer-2
Bitcoin Hyper ($HYPER) is one of the hottest new cryptos this season. Like $XRP, Bitcoin Hyper is an infrastructure coin with high utility – it’s building a Bitcoin Layer-2 ecosystem.
Bitcoin is a brilliant store of value, as its exponential surge over the years proves. But the blockchain has failed to stay up-to-date with the times. Bitcoin’s slow max theoretical transactions per second (TPS) rate of just seven pales in comparison to Solana’s 65K.
High transaction costs and lack of scalability are also among Bitcoin’s pain points.
That’s why Hyper is introducing a Layer-2 designed to give Bitcoin more speed, efficiency, and scalability – while lowering transaction fees.
It will bring this vision alive by integrating advanced tools, such as a non-custodial Canonical Bridge and the Solana Virtual Machine (SVM).
You send your $BTC to a designated wallet where it will be verified and then minted on the Layer-2 as wrapped $BTC, unlocking access to DeFi, dApps, NFTs, and gaming.
The SVM, meanwhile, builds a programmable layer on top of the base Bitcoin blockchain. It also makes transactions faster and cheaper, while maintaining Bitcoin-level security.
That explains why both retail and whale investors are hurrying to secure the token for low prices before it hits exchanges.
The viral $HYPER presale is closing in on the $17M milestone, as whales circle the project. Bitcoin Hyper has recorded $418K whale buys in September alone, across 24 large transactions.
August, meanwhile, saw a particularly impressive individual whale buy of $161.3K.
Right now you can buy $HYPER for $0.012945, and stake it for 68% APY. Our How To Buy Bitcoin Hyper guide explains how to do just that.
By the way, our Bitcoin Hyper price prediction suggests that $HYPER could deliver up to 25x gains from its presale price by the end of the year.
Join the $HYPER presale before the next price increase.
2. PEPENODE ($PEPENODE) – The First-Ever Mine-To-Earn Meme Coin
The crypto market runs on tech and innovation, and projects $XRP and $HYPER showcase this trend. But the crypto culture welcomes fun and chaos too, as the exponential growth of the meme coin niche shows.
In fact, REX-Osprey just launched the $DOJE ETF, the first US Dogecoin ETF. Yet $DOGE is a market giant with limited room for growth.
That’s why Pepenode ($PEPENODE), the world’s first mine-to-earn meme coin, has become an instant sensation among degens. In its viral new presale, the project has already raised $1.2M.
So, what’s driving this FOMO? Speculation is sometimes not enough to drive token demand. $PEPENODE understands this.That’s why it has launched a gamified meme coin model that keeps investors coming back for more.
Holding $PEPENODE lets you buy virtual miner nodes and facilities, build server rooms, boost hashpower, and collect $PEPENODE rewards – right from the get-go. No need to wait until the token generation event. The fun kicks in immediately.
The interactive mine-to-earn system is also completely virtual, doing away with hardware and large investments.
Pepenode offers other mechanisms to boost your earning potential:
- Receive 2% of mined rewards from users you refer
- Passive staking offers attractive passive income (currently at an impressive 1,019% APY) on staked tokens
- The platform will also burn 70% of the tokens spent on upgrades, driving the token price up over time as they become more scarce
$PEPENODE is currently priced at $0.001066, but the next hike is just two days away. Check out our How To Buy Pepenode guide to find out everything you need to know.
Then visit the Pepenode website today to buy and stake your tokens.
3. Ethereum ($ETH) – The OG Set To Rock Altcoin Season
For investors who are more comfortable with blue-chip cryptos, Ethereum ($ETH) is an obvious choice this season. $ETH has climbed around 7.25% in the past four weeks, as the market welcomes altcoin season.
The recent Fed rate cut is widely expected to boost risk appetite across financial markets, and crypto could be one of the biggest winners.
Among the best crypto to buy now, giants like $ETH and $XRP, in particular, stand to benefit the most. Since Ethereum ETFs are already available, traditional investors can gain exposure to the coin without directly interacting with the crypto market.
Yet frictionless access is not the only reason drawing traditional investors to Ethereum.
Ethereum’s smart contract ecosystem powers everything from DeFi, NFTs, and meme coins to gaming, fueling its long-term growth.
While Bitcoin tops crypto rankings, tapping into its historical relevance, the market owes its technological growth to projects like Ethereum.
Ethereum’s Fusaka upgrade is set to go live in November, just ahead of Devconnect, bringing 11 Ethereum Improvement Proposals focused on backend infrastructure. In other words, September could be a strategic time to buy $ETH, as it prepares for a series of rallies.
Buy your $ETH today via Binance and other leading platforms.
Being a large-cap crypto with a massive market cap of around $545B, is it unrealistic to expect exponential returns from $ETH? Perhaps. But this is where small-cap cryptos like $HYPER and $PEPENODE shine, placing them alongside $ETH as the best altcoins to buy now.
Be sure to always do your own research before investing. This is not financial advice.
Authored by Bogdan Patru, Bitcoinist – https://bitcoinist.com/best-altcoins-to-buy-as-us-xrp-etf-gets-24m-volume
