Bitcoin, Solana Explode and Tipped for New Highs

The crypto market is exploding today, with the total market cap up by 6.1% in the past 24 hours. Bitcoin has just hit a six-week high at $94200, and Solana has crossed $152

The crypto market is exploding today, with the total market cap up by 6.1% in the past 24 hours.

Bitcoin has just hit a six-week high at $94,200, and Solana has crossed $152 for the first time in six weeks – the market is on fire. So, what are the best crypto to buy now?

Bitcoin, Solana Explode and Tipped for New Highs

Bitcoin’s strength is sending shockwaves through the crypto industry, allowing Solana and most other altcoins to soar.

Cooling trade war tensions have enabled risk assets, including the US stock market to bounce this week, and crypto has enjoyed another tailwind as Cantor Fitzgerald partners with SoftBank, Tether and Bitfinex for a joint $3 billion venture to form a crypto acquisition firm.

Bitcoin’s spot ETF interest has also ramped up, with over $900 million in net inflows on Tuesday.

All of this is sending Bitcoin’s price charging higher, with it hitting $94,200 recently. This marks a 6.1% gain in the last 24 hours and a 13.2% this week.

Solana is also faring strongly today with an $8.1% uptick catapulting it beyond $152.

$SOL has also been the best-performing top 10 crypto this week with a 21% gain, reflecting its immense market interest since tapping lows of $100 in early April.

Yet, both Bitcoin and Solana remain notably below their ATHs, Bitcoin trades at a 13% discount, and Solana at a 48% discount. But according to expert analysts, the coming weeks could provide momentum for both assets to veer to new highs.

Rekt Capital noted that Bitcoin has broken out of its downtrend, signalling that the next move will lead to an uptick beyond $109K.

Meanwhile, Immortal suggests that Solana’s bounce from $100 will spark a run to an ATH above $300.

But while the outlook for Bitcoin and Solana is exciting, investors are buying smaller altcoins to generate even more profits. Dozens of projects have gained 50% or more today.

What are the Best Crypto to Buy Now?

For investors seeking to generate disproportionate profits but also holding Bitcoin exposure, BTC Bull Token might be the way to go.

It’s a Bitcoin-themed meme coin that will airdrop community members Bitcoin rewards at key milestones on its journey to $1 million, starting when it hits $100K. These airdrops will continue with every $50K increase after that until $BTC hits $1 million.

The project will also run $BTCBULL airdrops and has staking and burning mechanisms, helping improve the token’s supply and demand dynamics.

With a meme coin allure, real Bitcoin rewards, and an innovative token reward model, BTC Bull Token ticks many boxes.

And it’s currently available to buy in its token presale, which has raised $4.9 million so far.

This early stage indicates massive upside potential for $BTCBULL as the Bitcoin price rises.

And with Solana also expected to rally to new highs this year, smart investors are taking positions in Solaxy, the world’s first Solana layer 2 blockchain.

The Solaxy blockchain will tackle Solana’s congestion issue, which leads to longer wait times and transaction failures in periods of high network activity.

Solaxy will make Solana cheaper, faster, and more reliable, thus enabling new use cases and further adoption. As such, we can certainly expect Solaxy to rise alongside Solana, but likely with stronger rallies given its lower market cap.

Solaxy is undergoing a presale and has raised $31 million so far.

This makes Solaxy the most-successful Solana presale ever, reflecting its considerable market appeal and potential for growth once it hits exchanges.