Demand for Bitcoin ($BTC) has once again overtaken the monthly issuance rate of the cryptocurrency, according to a report.
While institutional investors and ETFs have driven much of the demand, a huge chunk also came from smaller investors and high-net-worth individuals.
According to the platform, this level of $BTC accumulation shows that the market is so bullish that new buyers are willing to buy the world’s most valuable crypto at a faster rate and at any price.
Bitcoin’s spectacular rise over the past several weeks means that it has overtaken silver and Amazon in terms of market capitalization. It is now ranked #5, only next to Apple’s market cap of $3.1B.
While $BTC seems a good buy at any price for now, another good news is that there are still plenty of cryptocurrencies that are up for grabs at super low prices. Here are some of the best presales worth considering:
Bitcoin may be the world’s top crypto, but it has its flaws. Its transactions are slow and expensive, and it only offers limited programmability.
Plus, it features a decentralized and non-custodial Canonical Bridge. This allows you to transfer your $BTC securely and easily between Layers 1 and 2.
This project has a native token called $HYPER. Holding this will let you pay for transaction and smart contract fees, access exclusive features, and enjoy governance rights.
Alternatively, you can lock in your $HYPER to the staking pool and get passive rewards.
The more crypto demand ramps up, the more difficult it gets to find the next big project. That’s because the market is rife with scams, while bots and whales often beat small investors to the punch.
Aside from that, it lets you manage your portfolio, copy trades, swap crypto, and even detect malicious tokens before you buy them.
Decentralization has been one of the most attractive characteristics of cryptocurrencies in the market’s early days.
But increased adoption by institutional buyers and governments means that decentralization is quickly fading into the background.
Neo Pepe Protocol ($NEOP) is a presale that wants to fight against centralized control. At its core is its community governance. As a $NEOP token holder, you’ll have direct influence over strategic decisions, such as exchange listings and important project developments.
Costing only $0.083153, it’s a great investment while supporting a worthy cause.
The way it currently stands, it seems that Bitcoin has nowhere to go but up. Of course, a few downtrends are expected along the way, but the market overall seems bullish about its long-term value.
These projects offer a lot of potential upside as their underlying concepts are solid and strong communities to back them up.
If you’re planning on buying crypto, be sure to do your research first. This is not investment advice.
