Is This the Best Crypto to Buy Now? Let's Explore.

Berachain's huge volume on opening trading day. Berachain is a new layer 1 blockchain that introduces a concept called “Proof-of-Liquidity,” aiming to concentrate liquidity at the blockchain level and remove fragmentation that occurs when funds are spread among protocols.

Berachain’s astronomical 24-hour trading volume has propelled it to become the eighth most-active cryptocurrency in the past day, trailing only market heavyweights Bitcoin, Ethereum, XRP, and Solana.

After launching on Thursday, the Berachain token ($BERA) has soared over 670%, and the hype surrounding it is palpable.

However, a closer look at the data reveals some interesting trends.

Binance handled over 39% of the 24-hour trading volume for Berachain, while ByBit and Coinbase accounted for 4.76% and 0.34%, respectively.

Perpetual traders have also been cashing in on the Berachain hype, with over $224 million in Open Interest (OI) on Deribit alone.

This OI has risen by 5.2% in the past hour, and based on this metric, Berachain is now the 20th largest cryptocurrency.

However, based on liquidations, it is the third largest, with $25 million being wiped out in the past 24 hours.

The Berachain funding rate is currently at -0.1117%, indicating that short sellers are paying a hefty fee to long buyers to keep their positions open.

According to analyst TimelessBeing, this could be a sign of an impending move to the upside.

$BERA on the move I am going to keep long as they continue to pay me to do so

Manage the risk and enjoy the pop

BOTTOM IS IN THE MAKING pic.twitter.com/oZ060tC3Kq

This theory is further supported by the fact that Berachain is up over 670% since launching.

But, notably, the funding rate is negative because there are significant bearish opinions surrounding Berachain.

Some analysts have highlighted the project’s poor tokenomic structure and vesting agreement for VCs, which may enable them to extract profits before the public-facing vesting dates.

Berachain $BERA

I think this is the ultimate grift L1.

It is a pure fork that brings nothing to the table. It's almost as useless as Blast.

It is just another VC insider grift, people wanting to get rich off of Ethereum tech.

A huuge supply is given to founders and early… pic.twitter.com/qUKgxQdlKP

While it certainly has potential, Berachain comes with risk. It has lost credibility, and traders are willing to pay a high fee to bet on its downfall. It’s likely not the best investment to make right now.

Let’s explore two alternatives to watch instead.

These 2 Meme Coins Are Tipped to Explode in 2025

The main concern about Berachain is the involvement of major VC firms, thereby veering away from the “community-first” principles that everyday investors like to see.

So, the launch of Wall Street Pepe is a breath of fresh air. They’re giving the community day-one access with a publicly available presale, and there are no VC reserves.

Wall Street Pepe has proved to be the largest meme coin presale of all time, raising $71 million in just two months.

The project is raising funds to build a trading insights ecosystem to provide institutional-grade trading signals, meme coin picks, a trading insider group, staking, and trading rewards.

The aim is to provide everyday investors with the same opportunities as smart money whales.

In a video on the 99Bitcoins YouTube channel, analyst Jacob Bury recently speculated that $WEPE could see 100x gains.

However, the presale ends in nine days, so prospective investors should act quickly.

Another trending presale token is Solaxy. The project is building the world’s first Solana layer 2 blockchain to remove the network’s long-standing congestion issue with faster speeds, lower fees, and increased reliability.

It’ll use off-chain computation and transaction bundling technology to do this.

The team recently released an update revealing that they have successfully integrated the Solana Virtual Machine (SVM) into their roll-up. This is a significant technological feat that underlines its prowess.

Solaxy was recently dubbed Solana’s “scalability savior” by prominent trader Crypto Wire in a YouTube video.

The project has also been audited by Coinsult, which found its code to be safe and secure.

So far, Solaxy has raised $18.5 million in its token presale.

This article is sponsored content. All information is provided by the sponsor and Brave New Coin (BNC) does not endorse or assume responsibility for the content presented, which is not part of BNC’s editorial. Investing in crypto assets involves significant risk, including the potential loss of principal, and readers are strongly encouraged to conduct their own due diligence before engaging