5 Best Altcoins to Buy Now as Bitcoin (BTC) Market Cycle Enters a New Phase

Bitcoin has experienced multiple pullbacks this cycle, the latest being a sharp 30% decline. While this might raise concerns, such corrections are common

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, which are usually followed by even higher highs. With market cycles still 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 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 also coincides 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.

Predictably, RNDR has become a hot topic among market experts, who are now making bold predictions for its future. Some analysts anticipate a short-term target of $12.30, with the potential for even higher gains, possibly reaching $22.

Projections suggest that RNDR could surge to an astonishing $150 based on logarithmic price patterns. 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 a popular token that 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 further 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