The 5 Best Cryptos To Buy as DOJ Prepares to Sell $6.5B In Silk Road Bitcoin
2025年1月9日 - 11:41PM
NEWSBTC
Bitcoin has been on a rollercoaster ride lately. It finally broke
through the $100K mark in early December and peaked at $108K on
December 17. But it’s been slightly downhill for the $BTC price
since then, starting this week off at around $98K. And now, a
recent announcement by the US Department of Justice (DOJ) has seen
Bitcoin take a rough tumble, down to $93K. The DOJ has been given
the green light to sell 69,370 $BTC (around $6.5M) that had been
seized from a darknet marketplace. Reportedly, concerns
regarding Bitcoin’s volatility have been cited by the DOJ as the
main reason for pushing for a quick sale, which was approved by a
federal judge on December 30. The Bitcoin was seized from Silk
Road, a marketplace for illegal goods and services, including drug
trafficking, computer hacking, and money laundering. Its founder,
Ross William Ulbricht, was arrested in 2013 and is currently
serving a life sentence. By the way, President-elect Donald Trump –
as one of his election campaign promises – said he would commute
Ulbricht’s sentence if elected. Trump’s January 20
inauguration was widely expected to bolster the $BTC price in light
of his pro-crypto stance, including the establishment of a
strategic reserve for digital assets. The DOJ announcement,
however, has resulted in a sharp market impact on $BTC’s price.
Economist Peter Schiff has much to say about this recent move. He
sees the DOJ’s decision as confirmation of his warnings that Trump
would not be buying Bitcoin despite promising not to sell it. With
Bitcoin Under The Cosh, Is Altcoin Season A-go? With volatility
being the name of the Bitcoin game, it remains to be seen how it
performs in the coming months, making altcoins all the more
attractive. Here are our top picks for the 5 best cryptos to buy at
the moment. 1. Wall Street Pepe ($WEPE) – A Record-setting Presale
This meme coin is in the presale phase, but Wall Street Pepe is
seeing phenomenal investor interest. In one month of its presale
launch, it has raised a massive $44.6M. $WEPE is easily one of the
cryptos with the most potential growth. Retail investors are
leaping to join $WEPE’s frog army, where they will receive trading
advice and insights from Wall Street Pepe himself. Why is he
doing that? This no-nonsense Wolf of Wall Street in a Pepe the frog
guise is on a mission to take down whales who manipulate the market
while hiding in insider trading groups. So he’s training his frog
army to trade like pros and become whales in their own right.
The $WEPE presale was originally meant to close at the end of
February. But at the rate tokens are being snatched up, it could
well be sooner. 2. Solaxy ($SOLX) – Layer 2 for Solana in the
Making Solaxy is causing a stir. It’s the world’s first Layer-2
ecosystem for Solana, and it’s promising big things. Also in
presale, the Solaxy platform will build on Solana’s good points.
But as many investors well know, Solana has serious issues with
traffic congestion and failed transactions. That is where
Solaxy is set to be a game changer – eliminating those issues
through unparalleled speed, scalability, and reliability. Solaxy
has a 138B-strong total token supply, and 30% is being allocated to
the development of the Layer-2 ecosystem. With $9.4M already
raised, all eyes are on Solaxy. And we’re looking forward to seeing
those vast improvements it will bring to the party once up and
running. 3. Pudgy Penguins ($PENGU) – An Old Faithful That’s
Bucking Market Trends After initially launching on the Ethereum
blockchain in 2021, Pudgy Penguins launched on Solana in December
last year. It did that to extend the $PENGU community and reach new
users. And so far, it’s been a recipe for success. The Pudgy
Penguins NFT collection (the name alone says it all) comprises
8,888 cartoon characters. And while the penguins themselves –
representing love, happiness, empathy, compassion, and other
emotions are all very cutesy, this altcoin means serious
business. $PENGU’s market cap currently stands at (ahem)
$2,058B, ranking it at #67 on CoinGecko. And looking at its
performance over the past month, the $PENGU price has remained
relatively stable – 1 $PENGU costs $0.03282 – despite a market that
has been anything but. 4. Best Wallet Token – Exciting
Benefits for Holders You most likely have heard of Best Wallet app.
You may even already be using it. This mobile-first, 100%
non-custodial app has a lot going for it. And now Best Wallet plans
to introduce extra benefits, powered by its native Best Wallet
token ($BEST). Those benefits for $BEST holders include early
access to new projects and presales, reduced transaction fees,
higher staking rewards, and the power of community governance. And
with close to $6.8M already raised in the presale, there are no
signs of it slowing down. You can read $BEST’s litepaper for more
information on the ecosystem, token, and future plans. 5. Pepe
Unchained ($PEPU) – A Strong Start for this Layer-2 Meme Ecosystem
Pepe Unchained, like Wall Street Pepe, is yet another member of the
Pepe the Frog clan, and what a phenomenal presale he had. By the
time $PEPU hit the $30M mark, the community was hailing Pepe
Unchained as the ‘best-selling presale token of all time.’ By the
end of the sale, Pepe Unchained had raised an eye-watering $74M,
and it went on to list on DEXs and CEXs in December. Pepe Unchained
is a Layer-2 blockchain for meme coins that is now fully
operational, and the launch of its Pump Pad is imminent. To
be fair, the past week has not been too kind to $PEPU. It’s seen a
steady decline in line with the general market (thanks in part to
the DOJ’s Bitcoin bombshell). But its prior performance was pretty
good, and we expect it to rally in the not-too-distant
future. In Conclusion For investors steering clear of Bitcoin
following the DOJ’s upcoming sell-off of 69,370 $BTC, take heart.
It’s not all doom and gloom. Who knows – the Trumpster might help
Bitcoin rally once he has settled into the Oval Office. In
the meantime, there are other choices out there, including the five
best crypto to buy we covered in this article, which are well worth
considering. Don’t just take our word for it, though. After all, we
are not financial advisers. Be sure to DYOR before making any
investment decision.
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