Bitcoin (BTC) Price Plummets After Donald Trump Announces New Import Tariffs

Donald Trump's arrival to the Oval Office hasn't been all positive for the crypto community. As soon as the 47th president of the United States

The arrival of Donald Trump to the Oval Office hasn't been all positive for the crypto community.

As soon as the 47th president of the United States first announced import tariffs, the BTC price fell over 17%. A Nansen analyst, in an interview with CoinTelegraph, said that "risk assets will lack direction until the tariff-related concerns are resolved."

It has created opportunities for investors who may want to look for the best crypto to buy now to take advantage of the ongoing volatility.

Best Crypto to Buy Now - Top List

Here are the best cryptos to buy now that could be making waves across the cryptocurrency community in the coming days:

Meme Index

Meme Index, according to many publications, such as The Economic Times, could be considered the best crypto to buy now because of the high level of versatility it represents for meme coin investors.

Diversification is the key to success when investing in meme tokens, and Meme Index enables it. Moreover, Meme Index also removes the traditional centralized elements from meme coin indices, which does not list sentiment indicators as the deciding factors of which tokens should be balanced out from the indices.

Adding more value to the traditional "asset basket" ecosystem, Meme Index offers four indices. The Meme Titan Index offers users a way to invest in top meme coins. Meme Moonshot Index is filled with tokens with the potential to go to the top. Meme Midcap Index is for highly volatile assets, and Meme Frenzy Index is for degens.

Meme Index also offers staking perks to early movers, offering them a chance to enhance their early gains.

Major YouTubers such as Crypto Ben have also covered it, stating that this could be "the meme coin to watch for Pepe holders." With less than 10 days remaining before its presale concludes, investors should act as soon as possible.

BTC Bull

As global tariff concerns are high and the crypto market is down, there are social movements happening where hope is still alive for Bitcoin to go on a bull run again.

Such an emotion is what BTC Bull encapsulates. The essence of this meme coin project is to generate enough buzz behind Bitcoin so that it could reach the $1 million level many institutional players, such as Cathie Wood, hope it would, and allow meme investors to earn from it.

The ability to leverage Bitcoin's growth and tying it to the meme coin is how BTC Bull makes a difference. It has put forward two mechanics in place - airdrops and token burns - that will trigger every time Bitcoin rises by $25K after the $100K level.

Token burns will be triggered when the BTC price reaches $125K, $175K, and $225K, and at $150K, and $200K, Bitcoins will be airdropped.

With a premise as interesting as this, the reason is clear why investors are seeking to load up on BTCBULL tokens.

Solana

Solana was finally able to break out of its $130K resistance recently thanks to news coming from the institutional front for this token. Recently, Fidelity has filed for a Solana ETF in Delaware, and other companies, such as Volatility, are diving into Solana futures ETF as well. This could cause a flurry of institutional investors towards Solana, helping it move past the $1K mark soon.

With its current market cap of $66 billion and a reduction of trading volume by over 40% in the last 24 hours, indications are green that most investors are playing the long game with Solana. And if there is any positive news around the SOL ecosystem, the token price could grow in the short-term as well.

Candlestick charts show that Solana has been on a slightly upward trend, which mirrors its performance of February 2024. If the token falls in the same historical pattern, it could cross the 200 level soon.

Solaxy

Solaxy is the world's first L2 solution for the Solana ecosystem. Presented as a decentralized ecosystem that focuses on rollup architecture, Solaxy aims to deal with the operational inefficiencies of Solana by offering the perks of batch processing. With it, the hope is that Solana will no longer be stymied by operational mishaps of the past, will have a greater degree of security, and will be "infinitely" scalable.

While the narrative of a meme coin with a utility is a long and strong one, only a few projects stick to it. Solaxy is one of the few since developers offer constant updates about the features that are emerging in the background. Currently, the focus is on making a bridging UI so that Solana-based tokens can be easily transferred from one chain to the next.

Solaxy also aims to create a memes-based ecosystem, and its agenda behind making Solana more efficient is to let it be the safe haven for meme coins. Solana's major growth drivers have been meme coins.