GameStop is planning to go hard on Bitcoin, possibly to relive the Gamestonks days. A day after revealing to CNBC that they plan to add Bitcoin to their treasury reserve asset, GameStop is now focusing on a planned sale of bonds, which will serve as a way to buy $1.3 billion worth of Bitcoin.
This approach to mirror MicroStrategy’s strategy suggests that GameStop, which hasn’t gotten a lot of traction as a game retail store lately, is trying to push itself into the limelight. This has created an interesting time to find the best crypto to buy now.
How Will GameStop’s Purchase Impact the Bitcoin Price?
With GameStop acting as the newest Bitcoin whale, investors should expect the BTC price to increase momentarily. BTC is currently hovering above its $85K support and has recently crossed its $87K resistance. However, the price continues to remain volatile.
Though an upward momentum has already been established ever since the world’s largest crypto bottomed around the $76K level, Alternative shows that the Fear and Greed Index is still 40. Therefore, while the impact of GameStop finally making the purchase will be profound, it will be momentary, followed by a correction that could be major or minor depending on the market conditions.
Best Crypto to Buy Now – Top Picks
While there are signs that the market may have reached the bottom, investors are still apprehensive about buying crypto that are currently being traded on exchanges. Their best option is to dive into crypto ICOs or pick tokens that are making significant headway on the technological and regulatory front.
Meme Index
Upon raising upwards of $4.2 million to date, Meme Index has proven itself to be a formidable crypto ICO that blends the concept of utility with meme coins. Designed as a decentralized meme coin index, Meme Index aims to give users maximum flexibility when diversifying cryptocurrency investments.
Meme Index offers four different types of indices – one for each level of volatility. It starts with the Meme Titan Index, which is meant for high-cap meme coins. Then, there is the Meme Moonshot Index, with slightly more volatile assets, then Meme Midcap Index, and finally, the Meme Frenzy Index.
Meme Index also makes things interesting with its staking perks, allowing investors to invest during the presale and generate passive gains.
As one of the more innovative projects on the market, Meme Index is a good buy.
YouTubers like Cryptonews have applauded it for its amazing tech, and sites like The Economic Times have appreciated the platform’s offerings. Overall, this could be the best crypto to buy for meme coin enthusiasts.
Best Wallet Token
Best Wallet Token has been able to generate a lot of traction as of late due to its connection with an already established project. What’s noteworthy is that Best Wallet became popular first, and it has been instrumental in participating in some of the biggest crypto ICOs to date.
The wallet itself has a host of use cases. Standard storage/swapping functionalities are present with this digital gadget, but people will also get additional benefits such as buying and selling crypto.
Staking opportunities are also available thanks to its multi-chain nature. Multichain support means users can store a variety of assets. And since Best Wallet is a decentralized ecosystem, new chains are added even now; the Bitcoin chain was added recently.
The most unique addition to this project was the recently released Token Launchpad, which gives users a chance to find and invest in the best crypto ICOs.
In the future, Best Wallet will also add portfolio management and market analysis features.
Best Wallet Token enables these features, and makes them more accessible for the holders. For instance, BEST token holders will get access to crypto ICOs even before they are launched to the public and will get higher staking perks.
Chainlink
Chainlink has been on a roll as of late, trading mostly in the green zone at a time when many high-cap assets are painting red candles. Currently trading around the $15 level and with a market cap of above $10 billion, it has experienced a weekly increase of over 6.7%.
The trading chart shows that it has also been following the same uptrend established by Bitcoin after it bottomed. And the rising channel suggests that there is the possibility that the LINK price could reach the highest level it attained in 2025 by Q2 – 2025. A move past its recent high is also possible, provided that the price action goes parabolic. But so far, the market does not indicate that it will be arriving anytime soon.
That being said, Chainlink has done some positive work on the development side of things. Charts show that it has recently partnered with Abu Dhabi Global Market. Formalized through a Memorandum of Understanding, this partnership may give a regulatory push for Chainlink to become a staple technology in the Middle East.
Solaxy
Solaxy has also been on the receiving end of multiple positive developments, all focused on making the Solana ecosystem better. While the Solana founder has recently stated that the “Ethereum Killer” does not need an L2 solution, the community disagrees. It could be said that Solaxy is a project that has been birthed out of this disagreement.
Solaxy is the world’s first Solana L2 solution, designed to overcome the shortfalls of the standard Solana blockchain and make it more efficient, less prone to network congestion, and more scalable.
It has been achieved using a standard rollup architecture, which would mean rolling up the transactions into batches off-chain and loading them on-chain for execution. Other facilities that Solaxy aims to provide include a modular ecosystem for Dapp developers so that more meme coins could be created.
As a utility project, Solaxy has long-term benefits since developers have been transparent about what’s happening in the background, but as a meme coin, Solaxy’s value is heightened thanks to the imagery shown on the website and the memes highlighted there.
Solaxy’s style of solving the SOL congestion, although not unique, has been appreciated by many YouTubers, including CryptoJack. Solaxy has raised upwards of $28 million at the time of writing, and the presale may be concluding soon.
Conclusion
With GameStop eyeing to become a Bitcoin whale, chances are high that more traditional brands may be stepping in soon. This means investors should keep a close watch on the best crypto to buy now since these whale movements could trigger a bull run, bringing massive gains to those who invest prudently.
