Best Crypto to Buy Now After Bitcoin Short Squeeze Fuels Altcoins

Best Crypto to Buy Now Among Top Crypto Gainers and Trending Altcoins

The crypto market is finally starting to wake up, and the interest in knowing the best crypto to buy now is increasing among many investors. Within the last 24 hours, the total crypto market has moved upwards by 0.94%. This may not sound huge, but it matters because the market had fallen more than 3% over the past month. This little recovery has brought fresh hope to traders who were sitting on the sidelines and waiting for a good moment to jump in.

Bitcoin is leading this move. A strong short squeeze pushed Bitcoin back above the $90,000 level after more than $36 million worth of short positions were forced to close. When traders betting against Bitcoin get liquidated, they are forced to buy back, pushing the price higher. At the same time, big players started buying Ethereum again, adding heavy leverage from retail traders, which made the market more active and volatile. Because of this setup, investors are currently hunting for the best crypto to buy now, especially tokens that could be the next crypto to 100x.

ZEROBASE: ZBT

ZEROBASE, or ZBT, saw a sharp price jump once traders moved back into risky, low-cap tokens. When Bitcoin stays stable near a high level, such as $90,000, many traders look for smaller coins that can move faster. That's what happened to ZBT.

Its trading volume jumped very fast for its market size, showing strong short-term interest. For this reason, ZBT quickly became one of the top crypto gainers of the day. To some investors, that type of move is appealing because small-cap tokens can deliver quick profits

Investors should bear in mind, though, that the rise of ZBT so far is based mostly on hype and speculation. There is no significant long-term news driving the rally yet. This makes ZBT a high-risk option, but also one that traders may see as the best crypto to buy now for short-term opportunities.

Magma Finance - MAGMA

Magma Finance, also referred to as MAGMA, jumped on the back of rumors that it might be listed on Bybit's perpetual futures. Although it has not been confirmed, such rumors often stir up much excitement in the market.

With its low circulating supply, MAGMA's prices could move fast once buying pressure increases. This was the case when it crossed an important resistance level as traders rushed in, adding more confidence for short-term buyers

This kind of rally is a common occurrence in crypto. Usually, exchange listing talks drive prices upwards fast, but most times, these tend to fade just as quickly if there is no official update. For investors looking at the best crypto to buy now, MAGMA can be attractive, but clear risks set in. Keeping an eye on official announcements by Bybit is very important here.

Monad (MON)

The MONAD MON token, had steady strength, even when the overall market was showing some weakness. This is a good omen. Price moved back above key support levels that told traders selling pressure was abating.

On the technical side, MON broke out of a falling pattern, which many traders see as an early reversal signal. This had encouraged some short-term buying. But MON is not all about charts. The project is growing its ecosystem with grants, stablecoin integrations, and more staking activity.

It reduces the amount of tokens on exchanges, which tends to keep the price stable or growing slowly over time. MON still needs to make a move above the $0.024 level for a stronger move, but all in all, this looks like a solid top crypto to invest in for investors who avoid high-risk and hype-driven coins.

Cysic (CYS)

Cysic CYS, moved higher after announcing a partnership with Inference Labs. This partnership focuses on verifiable AI and blockchain computing, an area that is getting a lot of attention right now.

As AI becomes more relevant to the public, projects that bridge the gap between AI and blockchain are gaining traction among traders and institutions alike. This puts Cysic at the forefront of the growing "ComputeFi" space-something many believe could be a huge trend in the future.

CYS also benefited from the high trading activity inspired by the campaigns of Binance's BNB Smart Chain. Aside from that, technical indicators showed the token was oversold, and it usually bounces because of that. Due to this combination of news and technical recovery, many traders consider CYS one of the trending cryptocurrencies today.

Audiera (BEAT)

BEAT, also referred to as Audiera, jumped after the team burned a large number of tokens. Token burns reduce supply, and when supply goes down, prices can move up faster if demand stays the same.

The total supply of BEAT is mostly not circulating, which makes the price more sensitive to buying pressure. This helped BEAT rise even while the broader market was falling.

Audiera also reported solid user growth, with more than 5 million registered wallets and good weekly activity. It indicates that users are utilizing its Web3 dance game combined with the AI music platform. Nevertheless, the trading volume has fallen, an indication that the latest rally is perhaps driven by speculation rather than long-term investors. BEAT can still be appealing to those on the lookout for the next crypto to 100x, but upcoming token unlocks remain a risk.

Conclusion

The current market recovery is mainly driven by Bitcoin's short squeeze, renewed Ethereum buying by institutions, and aggressive retail leverage. While the levels of fear are still at high levels, confidence is slowly coming back to the market.

If Bitcoin can manage to stay above $90,000, and Ethereum holds key support levels, then the current trend of altcoins performing well can also continue. But investors should be aware that at any moment, reversals can also happen, with high levels of volatility. Your choice of the best crypto to buy now will come down to your chosen risk level.