Uptober is only beginning, and we’re already seeing a sharp uptrend from nearly all the market’s top cryptocurrencies.
This has resulted in many short positions totaling $337.21M being liquidated on October 2, according to CoinGlass data.
Meanwhile, Bitcoin’s ($BTC) massive rally brought it back to $120K, with some analysts projecting that it could finally hit $125K with support from the upward spike in gold’s value and reduced inflation risks, as reported by CoinTelegraph.
With Q4 historically being great for the crypto market, the time is right to grab some of the best altcoins to buy, including Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST).
Market Uptrend Demolishes Short Positions
The month of October started strong with nearly all the top 10 cryptos in the green over the past 24 hours.
While this is good news for traders in general, the same cannot be said for those who took short positions.
Over the last day, liquidations in exchanges were mostly on the side of the shorts, surpassing a $337M total.
Among the top coins, Bitcoin had one of the lowest growth rates in the last 24 hours, but it was enough for it to touch $120K for the first time since August.
Even better, CoinTelegraph speculates that $BTC has the potential to hit $125K. Supporting this is the combination of growing accumulation of gold and lower inflation risks, hinting that investors are betting on further rate cuts by the Fed and are looking for alternative assets like gold as a result.
Aside from gold, investors will also look at its digital equivalent, $BTC, which should further strengthen the possibility of it reaching a new ATH at $125K.
Of course, Bitcoin isn’t the only item on the menu when traders’ risk appetite turns aggressive again. Here are some of the best altcoins to buy right now as altcoin season approaches.
1. Bitcoin Hyper ($HYPER) – Adding Speed & Scalability to the Bitcoin Ecosystem
Bitcoin may be the hottest cryptocurrency, but it isn’t the fastest nor the most flexible. Because of this, transaction costs are typically high, and you can’t use it for other applications other than as a store of value.
Bitcoin Hyper ($HYPER) wants to change that by developing a Layer 2 (L2) network.
Running on a Solana Virtual Machine, the L2 will deliver lightning-fast speeds not seen before in Bitcoin, which translates to less latency and lower transaction costs.
It’ll also feature a Canonical Bridge, which will allow you to send your $BTC to the L2 and use it for things like swaps, trading, and interacting with dApps — things you can’t really do on the base Bitcoin layer.
Get a full lowdown on the project in our ‘What is Bitcoin Hyper’ page, where we discuss its tokenomics, ecosystem, and more.
To raise funds for the project, the team is running a presale of its Bitcoin Hyper token. You can get one for $0.013045, which you can claim at the end of the presale. Alternatively, you can stake it and get a 56% APY staking reward.
There’s a price increase coming in less than two days, though, so the sooner you buy coins, the better. After the token listing, our $HYPER price prediction forecasts 98% growth to a $0.02595 high by EOY.
Join the Bitcoin Hyper presale today.
2. Best Wallet Token ($BEST) – Powering One of the Market’s Most Promising Crypto Wallets
Best Wallet Token ($BEST) is the native token of the Best Wallet app. As a token holder, you’ll be able to enjoy exclusive benefits within the Best Wallet ecosystem.
For one, you’ll get discounts on transaction fees, which could translate to compound savings the more you use the app. You’ll also have early access to the best crypto presales in its Token Launchpad.
Beyond this, you get governance rights, so you can have a direct hand in deciding the direction of the project.
So far, the roadmap is nearly halfway through, with the development team now working to expand the wallet’s support to 60+ crypto networks. More DeFi features like NFTs and a staking aggregator are also on the list next.
To buy $BEST, you just need a compatible Ethereum wallet. For more information on buying this crypto, head on to our guide on how to buy Best Wallet Token.
Of course, you can also stake your tokens as soon as you purchase them. The team is currently offering 81% APY staking rewards, which is a pretty good deal for helping support the project.
By becoming a Best Wallet investor, you’ll be able to help bring its goal of becoming one of the market’s top crypto wallets by 2026.
At the moment, it’s already making the right moves to get there, from providing a user-friendly interface to giving you sole control over your private keys for better security.
3. Pudgy Pandas ($PANDA) – Helping Save the World’s Most Adorable Animals
In an industry that’s largely dominated by profit-chasing, Pudgy Pandas ($PANDA) bucks the trend by running a presale that can be a force for good.
That’s because the funds that the team collects will be used towards saving some of the world’s cuddliest animals. This includes establishing a conservation foundation aimed at providing long-term protection for pandas.
In addition, the team will create a panda birth initiative. While these animals are no longer considered endangered, they’re still tagged as vulnerable. As such, the project will help further boost their population.
As there are still pandas that are caged in zoos worldwide, Pudgy Pandas will also work to free them once and for all. To take things a step further, they’ll also put up a wall of shame that will expose greedy zoos, as well as shady corporations and operators.
You can be a part of these initiatives today by purchasing $PANDA tokens. Priced at only $0.0437, every bit will go a long way to making the team’s goals a reality.
But hurry, as this presale will only run from September 15 to October 18. So, lock in your tokens today and join Pudgy Pandas in its noble cause.
For more details, read the Pudgy Pandas whitepaper.
Quick Recap: As Uptober goes into full throttle with massive short liquidations and bullish $BTC sentiment, investors are eyeing some of the best altcoins to buy next.
If you’re still looking around, consider the likes of Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST), two projects with attractive utility and post-listing potential.
This article isn’t investment advice. Crypto is highly volatile and comes with no guarantees. Always DYOR and invest responsibly.
Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/best-altcoins-to-buy-uptober-liquidations-bitcoin-125k/
