The cryptocurrency market is showing signs of recovery after a sharp downturn, with its total capitalization now at $3.512 trillion. Over the past 24 hours, the market gained 1.46% - adding roughly $42.3 billion amid a broader rebound from losses exceeding $1 trillion since its October 6 peak. Bitcoin (BTC) has climbed back above $100,000 to reach $103,200, while Ethereum (ETH) held steady near $3,400.
In the altcoin sector, privacy-focused coins and Layer-2 solutions are still surging ahead of the pack. Zcash (ZEC) exploded 15.2% to $512.70 in 24 hours, marking a 42.2% weekly gain and 253.7% over 30 days, driven by renewed interest in secure transactions. Internet Computer (ICP) rose 24%, and Dash (DASH) added 18.6%, reflecting momentum in scalable networks.
Despite the volatility, crypto presales have continued to bring in more capital, with Bitcoin Hyper (HYPER) raising $26 million and Best Wallet Token (BEST) nearing $17 million. Since attention is turning to standout assets, we’ve identified three coins that could be the best cryptos to buy when the current bear phase ends.
Market Stabilization and Altcoin Performance
Crypto traders are focusing on tentative signs of stabilization following the recent market turmoil. The latest wave of cautious optimism is mainly tied to improved US macro data and equity market rebounds. However, the analysts at Galaxy Digital have tempered expectations, revising their year-end Bitcoin target down to $120,000 while ETF outflows present lingering downside risks.
Altcoin performance remains mixed but promising, with privacy tokens leading a notable surge despite broader lags. Coins like Zcash (up 15.2% daily), Internet Computer (ICP, soaring 24% to $6.36), and Dash (rising 18.6% to $124) are outpacing the market, driven by heightened demand for censorship-resistant assets amid global surveillance concerns.
Other narratives, including AI and DePIN mid-caps, are also attracting inflows, with altcoin ETFs pulling in $9.6 billion in Q3 - surpassing Bitcoin's $8.7B - and signaling potential for stronger alt recoveries ahead.
With these encouraging dynamics in the altcoin space highlighting resilience and growth potential, let's explore three exceptional options that could be the best crypto to buy today.
Bitcoin Hyper Presale Draws $26M in Recovering Market
Bitcoin Hyper (HYPER) has built a Layer-2 (L2) blockchain on Bitcoin, tackling slow speeds and high fees by integrating the Solana Virtual Machine for quick smart contract execution. The project uses a canonical bridge for secure BTC transfers between layers, minting Wrapped BTC (WBTC) for use in DeFi, gaming, NFTs, and more.
The L2’s consensus mechanism relies on a trusted sequencer with periodic anchors to Bitcoin for security, while supporting SPL-compatible tokens. The native HYPER token, with a fixed supply of 21 billion, handles gas fees and governance.
So far, the HYPER presale has raised $26 million (with HYPER’s price discounted at $0.013225 and staking APYs up to 46%), aligning with the market's rebound as infrastructure altcoins gain traction. This influx signals confidence in Bitcoin's expansion - and Bitcoin Hyper holds potential for growth as Layer-2 adoption increases.
Zcash Gains 253% in 30 Days Amid Privacy Demand
Zcash (ZEC) operates as a decentralized protocol for private digital cash, using zero-knowledge proofs to shield transaction details while keeping the ledger verifiable. Launched in 2016, it allows users to send encrypted payments and messages, with options for transparent or shielded addresses.
The network runs on proof-of-work, similar to Bitcoin, but emphasizes low fees - often under a cent - and faster confirmations. ZEC serves as the native token for transactions and mining rewards, with a current circulating supply of 16.37 million out of a 21 million cap.
ZEC is trading at $512.70, up 15.2% over the past day and 42.2% over the week, pushing its market cap to $8.39 billion. This follows a 253.7% monthly rise, outpacing many altcoins amid broader recovery from the $1 trillion market drop.
Trading volume for ZEC hit $1.77 billion recently, indicating strong liquidity. As regulations evolve and privacy concerns grow, this coin could see sustained interest, presenting greater upside in a market favoring secure assets.
Best Wallet Token Presale Nears $17M Before DEX Listing
Best Wallet Token (BEST) powers Best Wallet - a non-custodial wallet ecosystem with multi-chain support for Bitcoin, Ethereum, Solana, and more, aiming to capture 40% of the Web3 wallet market within the next year. Best Wallet features cross-chain swaps that connect to 330 DEXs; a token launchpad for early presale access; and the upcoming “Best Card” for spending crypto with up to 8% cashback. Security is provided by Fireblocks’ MPC technology, with user-controlled keys and anti-fraud tools.
The ERC-20 BEST token, with a 10 billion supply, enables lower fees, governance, and staking rewards from an 8% allocation pool. The BEST presale allows purchases using ETH, BNB, USDT, USDC, or normal bank cards. Staking provides a dynamic 78% APY during presale, rewarding early holders.
Raised funds now total nearly $17 million, echoing the altcoin momentum seen in Zcash's surge and the market's $42.3 billion 24-hour increase. The Best Wallet Token presale’s success positions it well for post-listing gains, offering solid prospects as the best crypto to buy for Web3 wallet investors.