Best Crypto to Buy Now December 7 – BitTorrent, Helium, Beam
Major cryptocurrencies are consolidating following a Bitcoin (BTC)-led pump that saw Bitcoin hit fresh annual highs above $44,000 earlier in the week.
Crypto markets have been pumping on optimism that spot Bitcoin ETFs will soon gain approval, accelerating institutional adoption and amid hopes for a near-term dovish policy pivot from the US Federal Reserve.
Outside of the big coins, here are some of the best altcoins cryptos to buy now on the 7th of December.
BitTorrent (BTT) token was one of the biggest gainers in the market on Wednesday, pumping up more than 75% to hit new year and a half highs aboe $0.0000011 per token following optimism amid the news that the Tron network on which it is issued had surpassed 200 million users.
The token has since pulled back around 30% from these highs to trade under $0.0000008.
Bulls may be eyeing the recent pullback as a good time to add to long positions.
An exciting new decentralized Bitcoin cloud mining protocol called Bitcoin Minetrix has been generating huge hype and recently surpassed $5 million in funds raised from presale investors.
With interest in Bitcoin surging as a new bull run begins, old hands and new entrants into the crypto markets are searching out ways to gain exposure to the Bitcoin melt-up that doesn’t require either waiting to buy a spot Bitcoin ETF or purchasing the coin directly.
Bitcoin Minetrix has been raising funds to power protocol development via a presale of its native $BTCMTX token.
Investors who buy $BTCMTX can then stake their tokens to start earning non-transferable Bitcoin Minetrix mining credits.
These credits can then be burnt by their owners, and in exchange, they will get a share in Bitcoin Minetrix’s Bitcoin mining revenues.
$BTCMTX token holders will
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