Recently, bitcoin has been experiencing great volatility, like riding a roller coaster. In early December, bitcoin finally surpassed $100,000, reaching $108,000 on December 17. But prices have been falling since then, starting at around $98,000 earlier this week.
Notably, the price of bitcoin fell to $93,000 due to the recent news announced by the United States Department of Justice (DOJ).
The US Department of Justice has been authorized to sell 69,370 bitcoins (about $6.5 million) seized on dark web markets.
The Justice Department is reportedly pushing for a quick sale of bitcoin due to its high volatility, and a federal judge approved it on December 30.
This bitcoin is used to trade illegal goods and services. silk roadIt was seized on (Silk Road). Silk Road is an online marketplace where drug trafficking, hacking, and money laundering take place. The site's founder, Ross William Ulbricht, was arrested in 2013 and is currently serving a life sentence.
However, if President-elect Donald Trump is elected as one of his campaign promises, I will commute Ulbricht's sentence.And I promised.
Expectations are high that the price of bitcoin will rise on January 20, the day of Trump's inauguration. Considering Trump's pro-cryptocurrency policies, including the establishment of a strategic reserve for digital assets, this is expected to have a positive impact on bitcoin.
However, following the announcement by the Department of Justice, the price of bitcoin fell sharply.
The economist Peter Schiff (Peter Schiff)About this decision of the Ministry of Justice <a target="_blank" href="https://x.com/PeterSchiff/status/1877215472111804655″ rel=”nofollow”>There's a lot to talk aboutSaid. He sees this decision as evidence supporting his warning that Trump will not buy bitcoin.
With bitcoin Prices Falling, Will Altcoin Season Begin?
With bitcoin volatility so high, price trends over the next few months will be a very important indicator. Amid this volatility, altcoins are emerging as a more attractive investment destination. There are several notable cryptocurrencies in the current altcoin market. Among them, we present the 5 best cryptocurrencies to buy.
1. Wall Street Pepe ($WEPE) – Record Pre-Sale
This meme coin is currently in pre-sale phase, but pepe wall streetis receiving enormous attention from investors. This coin, which raised $44.6 million in just one month of pre-sale, is a cryptocurrency with the potential for significant growth in the future.
Retail investors are flocking to join the $WEPE frog army. Here you will receive trading tips and information from Wall Street Pepe.
Why does Wall Street Pepe do this?
This Wolf of Wall Street-style frog character has the mission of eliminating the 'whales' that manipulate the market. They hide in insider trading rings and manipulate markets. So he trains his army of frogs to trade like professional traders and helps them become “whales.”
Originally, the $WEPE pre-sale was scheduled to end at the end of February. However, there is a chance it could end sooner as the current tokens are running out quickly.
2. Solaxi ($SOLX): Layer 2 ecosystem for Solana
Solakshi is getting a lot of attention. As the world's first layer 2 ecosystem for Solana, Solakxi shows great promise. Also, currently on pre-sale. Solakshi The platform is being developed based on Solana's strengths. However, as many investors are well aware, Solana is experiencing serious problems, such as traffic congestion and failed transactions.
Solakshi appeared to solve this problem. Solakshi plans to solve this problem with excellent speed, scalability and reliability. Solakshi has a total token supply of 138 billion, of which 30% will be used for the development of the layer 2 ecosystem.
To date, $9.4 million has been raised and interest in Solakshi continues to grow. Once Solakshi starts operating, she is expected to bring huge improvements to the party.
3. Fuzzy Penguin ($PENGU): a reliable coin that goes against market trends
After first launching on the ethereum blockchain in 2021, Fuzzy Penguin ($PENGU) also launched on the Solana blockchain in December last year, expanding to target new markets.
This strategy was aimed at stimulating the growth of the $PENGU community and attracting more users. As a result, it has continued to be very successful so far.
As you can see just by looking at the name, $PENGU has an nft collection of 8,888 cartoon characters. These characters symbolize various emotions such as love, happiness, empathy and compassion, and have real and meaningful business goals beyond their cute appearance. This is not just a meme coin, but a project with serious business intentions and plans.
Currently, the market capitalization of $PENGU is approximately $2.058 trillion. Ranked 67 on CoinGeckoIt's classified. Over the past month, $PENGU has shown a relatively stable price trend and is currently trading at $0.03282 per $PENGU. This shows that price stability is maintained even though the overall cryptocurrency market is stagnant.
4. Best Wallet Token – Interesting Benefits for Holders
maybe already The best wallet appYou may have heard of it. Some people may already be using it. This 100% non-custodial mobile-focused app has many advantages. And now Best Wallet has its own token Best Wallet Tokens ($BEST)Additional benefits will be provided through .
$BEST holders can enjoy a variety of benefits, including early access to new projects and pre-sales, discounted trading rates, increased staking rewards, and a say in community governance. To date, Best Wallet Token has raised over $6.8 million in pre-sales and this growth rate shows no signs of stopping.
For more information about $BETTER light paperThis can be confirmed through and information on the future direction of ecosystem and token development is also provided.
5. Pepe Unchained ($PEPU): A good start to this layer 2 meme ecosystem.
Pepe Unchained ($PEPU), like Wall Street Pepe, is another meme coin based on the Pepe the Frog character. This coin really set a huge pre-sale record.
When $PEPU surpassed $30 million, the community called Pepe UnchainedThe best-selling pre-sale token of all time' was praised.
At the end of the pre-sale, Pepe Unchained had raised a whopping $74 million and was listed on DEX and CEX in December.
Pepe Unchained is a layer 2 blockchain for Meme Coin that is currently live and the bomb drop is imminent.
To be honest, $PEPU did not perform very well last week. This is because the market fell after the US Department of Justice announced the sale of bitcoin. However, past performance has been excellent and we expect $PEPU to recover soon.
conclusion
There is some hopeful news for investors avoiding bitcoin after the US Department of Justice announced that it plans to sell 69,370 btc. Not everything is gloomy.
Perhaps bitcoin can recover again after President Trump takes office.
Of course, it's important to not just take our word for it, but do your own research (DYOR) before making any investment decisions.
