Best Crypto to Buy Now as Major Bank Introduces Bitcoin-Backed Loans

Xapo Bank, headquartered in Gibraltar, has recently launched Bitcoin-backed loans, allowing consumers to access USD funds without selling their assets. While this news has done little to bring more action to the Bitcoin price, the hunt to find the best crypto to buy now has started. 

Xapo Bank’s Approach Could Preserve the Long Term Appreciation of Bitcoin

Xapo Bank’s approach to letting investors use Bitcoin as collateral is an attempt that could preserve the long-term appreciation of their Bitcoin investments. Per the bank, users will get low-rate short-term loans compared to credit card providers.

Commenting on this move, Seamus Rocca, CEO of Xapo Bank, said, “Many long-term Bitcoin holders have steered away from crypto-asset-backed lending after seeing predatory lending practices and products they couldn’t count on. That’s why we’re doing things differently at Xapo Bank. With over a decade of experience, we’ve built a lending product our members can trust.”

He further added that this will give customers the flexibility to pursue their long-term investment strategy while still accessing their Bitcoin’s value when needed.

As another sign of Bitcoin becoming more mainstream, finding the best crypto to buy now has become much more important. 

Best Crypto to Buy Now – Top List

While the impact of the Xapo Bank news has had no impact on the Bitcoin price right now, as the news becomes more widespread, we could see a marginal increase. In the meantime, the following cryptocurrencies could potentially be the next best investments for most traders.

Meme Index

Meme Index is a cryptocurrency project with the goal of enabling people to easily diversify their meme coin investments. With its simple premise that involves the world’s first decentralized meme coin index, it gives power to the community to decide which tokens will be added or removed from the meme coin indices.

Governed by the MEMEX token, Meme Index offers four different types of indices. The Meme Titan Index is meant for investors looking for tried and true meme coins with strong communities. With the Meme Moonshot Index, investors could gain access to the next big meme coins. Meme Midcap Index is meant for investors with a high risk appetite and Meme Frenzy Index is meant for the degen investors.

Utility stands at the front and center of this project. However, that’s not to say that the memetic flavor has been removed. The project pretty much portrays itself as a meme coin, as revealed from its social media posts.

Offering a unique utility but still embracing the meme-themes shows that Meme Index understands the market, which could make it the best crypto to buy now. Another reason to pick it is the fact that it has raised over $4 million via its presale already, and the said presale will be ending in little more than 12 days.

BTC Bull

Xapo Bank’s move has put eyes on Bitcoin once again. However, retail investors may still be at a disadvantage since even at the current price, Bitcoin is out of the affordability zone of many. BTC Bull is a meme coin project created to let these investors mint the gains Bitcoin could make from the upcoming bull run.

What BTC Bull represents is a mission statement that Bitcoin will potentially reach the $1 million mark. The same has been the belief by many institutional investors, such as Samsom Mow. However, what makes BTC Bull different is that it has created a meme coin tied directly to Bitcoin’s growth.

Launched as a presale when Bitcoin crossed the $100K threshold, BTC Bull will unlock its BTC airdrops and burning mechanics every time Bitcoin surged by another $25K. This will go on until Bitcoin reaches the landmark level of $250,000, after which a BTCBULL airdrop will begin.

Experts like 99Bitcoins have predicted that BTC Bull could be the next 10x play if Bitcoin manages to get back on track and go on another bullrun.

While the market conditions aren’t the most optimal right now, BTC Bull continues to show immense potential, and we may see it reach even higher levels upon listing.

Solaxy

Solaxy is a meme coin project designed to provide the world’s first L2 for the Solana blockchain. Embracing the rollup architecture, Solaxywants to help deal with the congestion and efficiency issues of Solana that stops it from becoming the leading blockchain for developers.

Solaxy’s unique focus stems from the need for more meme coins to emerge from Solana, which has been the core reason behind the rise of Ethereum killed.

Conducting batch transactions off-chain and then loading the information on-chain is not a novel approach, but it has been done for the first time for Solana.

The imagery is another factor Solaxy could be considered the best crypto to buy, as despite focusing on utility, it highlights itself as a meme coin, complete with a unique mascot. The main character is Pepe Einstein, a Pepe-themed scientist travelling across the galaxies through its surf-board. And the celestial bodies themselves are portrayed as memes, giving a positive vibe to Solaxy.

What also adds to the legitimacy of this project is the fact that Solaxy is a meme coin that has given an insight into the developments happening in the background. Recent updates show that benchmarking has begun and bridge UI development will be completed soon.

Best Wallet Token

Best Wallet Token is another high-profile token to be added on this “best crypto to buy now list” because of its association with an already powerful cryptocurrency wallet. Best Wallet is deemed as one of the fastest growing wallets by many publications, especially due to its association with some of the biggest crypto ICOs that have happened recently.

Access to crypto ICOs before they are made public is one of the core factors behind Best Wallet’s growth. Other contributing attributes include accessibility, high-level of security powered by Fireblocks, and additional perks such as portfolio management and the ability to buy and sell crypto via fiat.

Best Wallet is a decentralized ecosystem, which means support for more chains will be added to it soon. Recently, it made news by adding a Bitcoin chain, allowing investors to buy and sell Bitcoin, as well as store them. In the future, market insights will be revealed as well.

After having raised upwards of $11 million so far, Best Wallet Token continues to be one of the best crypto ICOs on the market.

Conclusion

Xapo Bank’s recent addition of Bitcoin-backed loans could be a sign that a bull run may be coming soon, which is enough for people to load up on the best crypto to buy now as soon as possible. The options presented in this guide are valuable. However, investors are advised to understand the market dynamics properly before investing since even now, volatility continues to persist.