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Bitcoin has experienced multiple pullbacks this cycle, the latest being a sharp 30% decline. While this might raise concerns, such corrections are common in bull markets and often precede strong recoveries. Bitcoin’s uptrend has historically included similar dips, frequently leading to new all-time highs.
With market cycles playing out as expected, analysts suggest that these fluctuations could signal a potential turning point. Like previous cycles, this could fuel further crypto market growth. In light of this, investors are increasingly exploring the best altcoins to buy now as alternative cryptocurrencies rally alongside Bitcoin.
5 Best Altcoins to Buy Now
Render (RNDR) is making waves in the cryptocurrency market, showing strong bullish momentum on the daily chart. The token is still struggling to break through a descending trendline that has constrained its price movement since October 2023.
Meanwhile, Hyperliquid introduced the new on-chain validator voting for asset delisting. This mechanism, tested by validators from the Hyper Foundation, was initiated with a vote on the MYRO contract in Beijing after a controversy surrounding the JELLY market incident, where Hyperliquid faced backlash over centralization concerns.
1. Render (RENDER)
Render (RNDR) is making waves in the cryptocurrency market, showing strong bullish momentum on the daily chart. The token is still struggling to break through a descending trendline that has constrained its price movement since October 2023. This breakout is a significant milestone, signaling a shift from a bearish to a bullish trend.
RNDR struggled to move beyond a key resistance level of $6.50 for several months. This level coincided with the long-term descending trendline, creating a major obstacle to upward movement. However, the recent breakout, backed by high trading volume, indicates intense buying pressure. The token quickly surpassed multiple resistance levels, reinforcing investor confidence.
Market experts now predict promising gains for RNDR. Some analysts anticipate a short-term target of $12.30, with the potential to surge as high as $22. Projections suggest that RNDR could reach an astonishing $150 based on logarithmic price patterns.
1/ A draft of RNP-019 "Emissions for AI Compute Network Nodes" has been released for community feedback. The RNP proposes a rewards framework for Open Compute GPU node operators, optimized for AI and general purpose compute workloads on @rendernetwork.https://t.co/QdexX78IgG
— The Render Network (@rendernetwork) March 31, 2025
RNDR has a history of dramatic price increases. In the past, it soared from just $0.47 to $13.64—a remarkable 2,791% gain. Given this precedent, the token’s potential for future growth remains high. At its current price of $3.60, analysts believe that if it surpasses the crucial resistance level of $3.75, a 20-30% price increase could follow in the short term. With its strong upward momentum, a 250% gain by year-end remains a real possibility, making RNDR a token worth watching closely.
2. Compound (COMP)
Compound (COMP) is gaining traction in the market. It is currently trading at $46.53, reflecting an impressive 18.95% increase over the past 24 hours. Even more striking is its trading volume, which surged by 1,281.59%, reaching $377.22 million. This increase in activity highlights investors’ renewed interest in COMP.
Despite these gains, market sentiment remains slightly bearish, aligning with the broader Fear & Greed Index, which currently sits at 34, indicating “Fear.” However, the rising number of token transactions suggests growing optimism as investors anticipate a potential upward shift.
A major development for COMP occurred when the Mantle Network integrated Compound III into its ecosystem. This move enhances borrowing and lending services while introducing new collateral options within a secure environment. This integration marks a significant milestone for Compound, expanding its reach within decentralized finance (DeFi).
Additionally, Compound Finance has introduced two new assets—Ethena’s stablecoin “USDe” and Mantle’s liquid staking token “mETH”—for borrowing and lending. Approved by token holders on January 8, these additions provide users greater flexibility. Ongoing discussions also hint at a potential listing of cmETH, further strengthening Compound’s role in the DeFi space.
3. Best Wallet Token (BEST)
As the crypto market navigates uncertainty, investors are turning to Initial Coin Offerings (ICOs) like Best Wallet (BEST) for more stability. Unlike traditional cryptocurrencies, ICO tokens remain unaffected by market fluctuations during their presale phases, making them a safer investment option in volatile conditions.
Currently priced at $0.02455, BEST is set for another price increase in approximately 36 hours as it enters the next presale stage. This steady growth has fueled demand, with the project raising over $11.5 million in its ongoing presale. Endorsements from influential crypto analysts bolster Best Wallet Token’s reputation. The popular YouTube channel 99Bitcoins, boasting over 725,000 subscribers, has identified BEST as a project with significant post-launch potential.
The appeal of Best Wallet lies in its extensive functionality. It supports over 60 blockchains, allowing seamless management of thousands of cryptocurrencies. Best Wallet is fully non-custodial, granting users complete control over their funds. Additionally, users can link multiple wallets within the app, streamlining their asset management from a single interface.
One of Best Wallet’s most innovative features is its “Upcoming Tokens” section, which highlights promising new cryptocurrencies before they gain widespread recognition. So far, the platform has flagged Pepe Unchained (PEPU) and Catslap (SLAP)—both meme coins that have delivered substantial returns for early adopters.
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Acquiring BEST tokens is straightforward. Investors can purchase directly through the Best Wallet app or use the embedded widget on the project’s website, which has payment options, including crypto and bank cards. With the next price increase just hours away, now may be the best time to secure a lower entry price.
4. Bonk (BONK)
Bonk (BONK) is solidifying its position in the cryptocurrency world with strong community backing and an expanding market presence. Since launching in December 2022, it has introduced innovative tools like BONKbot and BONKSwap, driving adoption and increasing appeal.
One of the most anticipated events in BONK’s journey is “BURNmas,” an initiative to reduce up to 1.3% of its circulating supply through token burns. Set to conclude on Christmas Day 2024, this strategy could enhance the token’s scarcity, potentially driving its value.
Currently, BONK is trading at $0.00001161, reflecting a 4.53% increase in the past 24 hours. This rise suggests growing investor interest, mainly as the token bounces back from a bearish phase that tested support around $0.00002. A proposal to further reduce its supply has also fueled confidence, increasing its market capitalization and reinforcing a bullish outlook.
A crucial moment for BONK occurred in April 2024 when the BONK DAO approved a massive burn of 278.39 trillion tokens. With 99.9% voter approval, this move demonstrated strong community trust in the token’s long-term potential. Historically, large-scale burns have contributed to price appreciation, making this event a significant turning point.
BONK Morning! 🐕
Can't wait for what's coming for $BONK,
hearing things quite loudly lately… 👀Let The Dog run❗️❗️❗️ pic.twitter.com/24tNPfw0EX
— bjoern 🐕 (@bjoernbonk) April 1, 2025
Adding to its momentum, BONK has expanded accessibility by securing a listing on Binance.US. The platform enabled deposits and trading for the BONK/USDT pair, which officially launched on October 13, 2024. These milestones and BONK’s community-driven initiatives position it as a major contender in the meme coin market.
5. Hyperliquid (HYPE)
Hyperliquid (HYPE) has experienced considerable volatility. It once exceeded $30 before entering a prolonged period of price consolidation. The market has since established a pattern of lower highs and lows, with $13 USDT as a crucial resistance level. For now, price stability remains uncertain, and traders are closely watching for a potential breakout or further decline.
If buyers maintain upward pressure, HYPE could rally toward resistance levels of $16.126 and $18.833. However, if the token fails to sustain support above $12.236 USDT, a further drop toward $21.782 USDT or lower could be on the horizon. The market remains in a precarious position, requiring careful monitoring.
As of April 1, 2025, HYPE is trading at $13.42, with a market cap of $4.48 billion and a market dominance of 1.76%. Over the past 24 hours, it has seen a 6.79% price increase but has dropped 19.12% over the last seven days. Its 90-day performance indicates a steep decline of 43.85%, suggesting ongoing challenges in price recovery.
On March 29, 2025, Hyperliquid introduced a new governance feature: on-chain validator voting for asset delisting. This mechanism, tested by validators from the Hyper Foundation, was initiated with a vote on the MYRO contract in Beijing. This system enhances governance transparency, allowing for more automated and community-driven decisions.
This upgrade follows controversy surrounding the JELLY market incident, where Hyperliquid faced backlash over centralization concerns. In response, the team has prioritized improving decentralized governance to rebuild user trust and ensure a more transparent system.
With these developments, Hyperliquid is attempting to balance innovation and investor confidence. Whether it can sustain momentum and recover from past challenges remains to be seen.
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