Bitcoin (BTC) has jumped 3% in the past day – and investors are tossing around the $100,000 price target again.

Bitcoin (BTC) has bounced back in 2023, and the cryptocurrency is now back in sight of the $100,000 price target.

As Bitcoin gets a boost like this, people are wondering which other coins and tokens could rally. If you’re hunting for the best cryptos to buy as the market picks up, let’s look at four exciting possibilities.

Why Does Bitcoin’s Rally Tend to Benefit Other Cryptos?

Bitcoin is back in the green this week, and we're now seeing it pass the $97,000 mark.

This is an exciting development, especially when you consider that BTC is up 27% from just a month ago.

Additionally, Bitcoin’s spot volumes have surged 45% in the past 24 hours alone, indicating strong buying pressure on exchanges.

With the Crypto Fear & Greed Index now at 67 – firmly in “Greed” territory – it feels like the positive vibes are returning to the crypto market.

But how could this affect altcoins and meme coins?

Well, Bitcoin is generally seen as the market’s trendsetter, and its strength tends to boost confidence across the entire ecosystem.

When Bitcoin does well, more investors become interested and join the market, which in turn increases demand for other coins and tokens.

We see a lot of data suggesting a strong connection, particularly with coins like Ethereum, which tends to shadow Bitcoin’s moves pretty closely – their correlation is often in the 0.8 to 0.9 range. This means that when Bitcoin rallies, ETH tends to follow suit.

Other well-known altcoins like Litecoin and XRP have also historically followed Bitcoin, catching some of its positive momentum.

Essentially, Bitcoin’s price action draws more eyes (and funds) to the crypto market, giving other promising coins a chance to shine.

So, with Bitcoin soaring again, could we see a similar trend play out here? It certainly looks that way.

Chatter on social media platforms like X suggests traders are now hunting for altcoins that might take off next.

What Should You Buy Now That Bitcoin Is Heading Toward $100K?

Now that Bitcoin is heading towards $100,000, let’s explore four interesting coins that could be worth keeping an eye on.

1. Solaxy (SOLX)

Solaxy (SOLX) has become one of the most talked-about projects in Solana’s ecosystem. It’s a Layer-2 solution designed to help Solana deal with its scaling problems.

All the DeFi action and meme coin trading can strain the network, and Solaxy steps in to help manage some of the load. It processes transactions off-chain, aiming to keep things running smoothly and costs low, even when things get busy.

This setup has helped Solaxy’s presale raise over $33.5 million, showing genuine belief in what the team is building.

More than just hype, Solaxy’s value is tied to Solana’s own expansion. Plus, given that early investors can stake their SOLX tokens for a market-beating APY, there’s a clear reason to hold long-term rather than sell.

Everything has been audited by Coinsult – something that the experts at 99Bitcoins believe could help Solaxy build trust. So, if you’re bullish on Solana’s future, SOLX is one to watch as it aims to support that growth.

2. Alpaca Finance (ALPACA)

Another of the best cryptos to buy right now is Alpaca Finance (ALPACA). This DeFi protocol lives on the BNB Chain, and its primary selling point is leveraged yield farming.

Essentially, Alpaca lets users borrow to amplify their farming positions, which can mean bigger potential returns (with added risk). The ALPACA token is central to the platform, used for things like governance and staking rewards.

ALPACA has seen some wild action lately – and is up 65% in the past 24 hours. This sort of volatility, especially when combined with the “Alpaca 2.0” upgrades bringing in automated vaults, makes it an exciting DeFi play.

As Bitcoin creates more market momentum, protocols like Alpaca often catch the eye of retail traders.

3. Polyhedra Network (ZKJ)

Polyhedra Network (ZKJ) is all about using zero-knowledge (ZK) proof technology, which makes Web3 faster, more scalable, and better at connecting different chains.

Its main feature is zkBridge, which helps assets and data move securely between networks – necessary for interoperability.

ZKJ is trending because ZK tech itself is a hot topic right now, and it is seen as crucial for the next generation of blockchain solutions.

As Bitcoin’s rally brings more attention to infrastructure projects, Polyhedra, with its focus on solving cross-chain communication issues, is