Best Crypto to Buy Now – Top 3 Picks to Ride the ETH Wave

This optimistic view emerges from analysis of Ethereum Exchange reserve that revealed there has been a significant outflow of ETH from centralized exchanges over the past few weeks.

The recent SEC crypto moves, including the crypto roundtable and dropping the Ripple lawsuit, have put the market in a bullish mood.

This has helped Ethereum posturing for a breakout past the $2K level again.

The HEAT price is now trading around the $2K mark, and there are hopes that it could break out soon.

To get a better insight into why this optimistic view emerges, analysis of Ethereum Exchange reserve has revealed that there has been a significant outflow of ETH from centralized exchanges over the last few weeks.

Since the size of this reserve is decreasing, it means that people are moving their tokens out of centralized exchanges, which could be indicating a potential holding pattern that could lead to the ETH price surging to $3000.

This presents the right time to find the best crypto to buy now and invest in it to capitalize on the ETH gains.

Best Crypto to Buy Now – Top 3 Picks to Ride the ETH Wave

Solana

If there’s one chain that bulls won’t want to lag behind, it is the world’s biggest alternative chain, which is also the world’s second-biggest chain overall.

This is especially true given that this chain is currently showing signs of breaking out to new highs, which would put it within striking distance of the world’s third-biggest chain.

At the same time, one other factor that makes investing in this chain even more appealing is that it is currently the subject of an experiment by a major hedge fund to test if it can outperform Bitcoin over a six-month period.

Coming back to the best crypto to buy now, Solana is currently trading around the $140 level with a market capitalization of just $71 billion.

Investors have multiple reasons to be bullish on this crypto. First, there are applications filed for Solana futures ETF. If accepted, roads will be cleared to file applications for spot ETFs next.

Furthermore, things from the technological front are also going green for this crypto.

Recently, the proposal to limit the inflation of Solana by 80% was rejected. While this was seen as bad news by some investors, retail investors are happy since the lack of inflation means small validators won’t have their rewards reduced.

This is because the proposal was to distribute tokens to the community in order to limit inflation. However, doing so would mean that small validators would get fewer tokens since tokens are distributed based on the size of the stake.

This would have led to a reduction in the rewards that small validators receive.

However, since the proposal was rejected, things will remain the same and small validators can continue receiving the same amount of tokens.

Solana is also heating up with accelerator programs as well as other technological updates. And there might be new meme coins coming soon, which could further boost this crypto to the forefront; even a breakout past the $200 mark is possible.

Solaxy

Next up is a crypto that isn’t yet being traded live on exchanges like Ethereum. However, even being on a presale, Solaxy has been able to raise upwards of $26 million to date, which is higher than what Ethereum raised during its ICO in 2014.

This makes it one of the best cryptos to buy now.

Highlighting what makes this crypto stand out is its focus on enhancing the Solana ecosystem. Embracing a rollup architecture, Solaxy aims to make Solana better, faster, more efficient and of course, more scalable.

Through this approach, Solaxy envisions that Solana could become a thriving ecosystem for meme coins, ensuring more could be created and Solana could grow riding the wave of the dynamic meme coin economy that does not rely on traditional market fundamentals.

A utility-focused meme coin, Solaxy is also providing users with a lot of updates about how much developers have progressed to date.

Major crypto analysts are also talking about this project, stating that it has the potential to go 100x upon release. Memes are also the focus of this crypto, and the official website is full of them. This means that it offers not only long-term gains, but short-term profits for degen investors from this ecosystem.

Chainlink

Last entry to this “best crypto to buy now” list is Chainlink.

This crypto could also be in line for a major pump in the future. Thanks to the positive market dynamics, its value has already moved up parabolically, and the token is being primed to reach its recent peak of $30.

While this would require it crossing the $27 level, which means a 101% increase, chances of it being possible are high since the market is very strong right now.

Currently trading around the $15 level, LINK price has surged by over 6% in the last 24 hours. CoinMarketCap has also revealed that there has been a 61% increase in its transaction volume, meaning more people are buying