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Best crypto to buy right now? This little-known altcoin might just be the next SUI

Best crypto to buy right now? This little-known altcoin might just be the next SUI

Time of India2 days ago
If it was ever in doubt that yet another bull run was about to begin, Bitcoin's latest surge past the $100,000 mark should have put those worries to bed. Historically, a massive Bitcoin price rally has always ushered in a bull market, with several altcoins pumping shortly after and even setting new all-time highs for both price and market cap.
As with every other bull run in the past, many investors and analysts are trying rigorously to find the best crypto to buy in the market. SUI, a top twenty cryptocurrency by market cap, was one of the biggest winners in the last cycle, generating massive returns for its investors. This cycle, though, another altcoin, Remittix, is attracting all the attention and could likely become as big as SUI.
SUI Prices Dip Despite Upward Market Trend
Whenever Bitcoin prices increase, altcoin prices follow shortly after. Despite this universal fact, Sui, it seems, is experiencing quite the opposite. The token is down by 8% in the past week, a rather dramatic outcome for one of the biggest exports from the previous cycle.
Sui's poor performance this time around could very well be due to increasing investor appetite for diversity. It stands to reason that many investors would look towards other low cap crypto gems during this cycle rather than winners from the previous one. If that is the case, interest in SUI could hit all-time lows, practically eliminating it from the conversation of best crypto to buy.
At the height of the previous cycle, SUI soared to an all-time high market cap of $14.75 billion, nearly breaking past the $15 billion barrier. Investors may have hoped that it would finally achieve the feat in this cycle, but at the moment that does not look likely.
Remittix Supporters Celebrate Major Landmark
Remittix supporters and early adopters worldwide have been sent into a frenzy after the PayFi project hit a major landmark following the launch of its wallet's beta testing phase. The Remittix beta wallet reportedly features several impressive features, such as full crypto wallet functionality, among others.
As one of the leading projects in the fast-growing PayFi sector, Remittix has been the subject of interest for crypto investors and analysts searching for the best crypto to buy in the ongoing cycle.
One only needs a quick glance at the project's features and utilities to understand what the fuss is all about. Remittix offers, among others:
Quick, instant crypto payments in over 30 countries
Referral bonuses and incentives worth 20%
Support for over 40 crypto and fiat currencies
Discover the future of PayFi with Remittix by checking out their project here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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Meme-Stock Roar Fades on Wall Street as Retail Finds New Thrills
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Meme-Stock Roar Fades on Wall Street as Retail Finds New Thrills

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Meme-Stock Roar Fades on Wall Street as Retail Finds New Thrills
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  • Time of India

Meme-Stock Roar Fades on Wall Street as Retail Finds New Thrills

It was once a symbol of rebellion against the well-heeled Wall Street establishment. Today, it's just another day in markets. This week proved the point. Opendoor surged 43% in a single day. Krispy Kreme rallied 39% in a matter of hours. GoPro briefly spiked 73%. Reddit message boards lit up once again with rocket emojis and call-option bravado. 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Customary warnings about speculative excess fell on deaf ears. What once felt seismic now feels like a normal part of daily trading — another episode in a US financial system where bursts of retail speculation are routine, expected, and largely unremarkable. By the end of the week, with the quick rallies faded, the broader market ended with modest moves after a record-setting run. Meanwhile, crypto — once cast as the financial resistance — continued its steady march into the mainstream. A new blockchain-based project involving the likes of Bank of New York Mellon Corp. and Goldman Sachs Group Inc. was announced. Crypto funds posted their biggest four-week cumulative inflow ever. Michael Saylor's Strategy clinched another $2.8 billion in capital markets to fund additional Bitcoin buying. Taken together, the week offered a broader lesson: retail-driven speculative behavior no longer signals generational angst or post-pandemic distortion. It has instead become a settled feature of the current cycle. Short-dated options are part of the retail toolkit, trading platforms span everything from sports betting to complex stock bets, and manic episodes rarely require justification to take hold. Live Events Peter Atwater, an adjunct professor at the College of William & Mary who studies retail investors , said the current wave of activity reflects a shift in both market sentiment and investment toolkit . Meme stocks trading, he says, has lost its sense of novelty — and that's precisely the point. 'We've normalized memeing,' he said. 'There's a yawn to it now.' In Atwater's view, the most aggressive traders have already moved on to riskier frontiers – digital tokens, leveraged ETFs, prediction markets — while meme stocks have become more of a cultural rerun. 'It's like 30-year-olds dancing to music 20-year-olds used to party to,' he said. That meme stocks can rip without stimulus checks, lockdowns or zero rates isn't especially surprising anymore. It is, in its own way, a marker of the moment: everyday speculation, embedded in the architecture of modern markets. Contracts that expire within 24 hours made up a record 62% of the S&P 500's total options so far this quarter, according to data compiled by Cboe Global Markets Inc., with more than half of the activity being driven by retail trading. 'This generation is far savvier about options and market structure,' said Amy Wu Silverman, head of derivatives strategy at RBC Capital Markets. 'While my generation was perhaps taught to 'buy a house' this one knows to 'buy the dip.'' It's not happening in a vacuum. This week earnings season offered few surprises. Tariff deadlines slipped again. Noise from the White House blurred into the investment backdrop. The S&P 500 climbed 1.5% on the week and closed at a record high. And in the end, a group of volatile stocks became yet another playground where regular investors aimed to quickly turn a profit, often by cornering short sellers or leveraging options. Opendoor Technologies Inc., capped a six-day winning streak with a 43% pop on Monday. The following days saw stocks with high short interest such as Kohl's Corp., GoPro Inc., Krispy Kreme Inc. and Beyond Meat Inc. surge intraday then pare into the close. Competition for gambling dollars is more brisk than it used to be. Since the post-Liberation Day selloff, a Goldman Sachs basket of the most shorted stocks has jumped more than 60%. In credit, CCCs, the riskiest tier of the junk bond universe, are on track to rack up a seventh week of gains. Crypto funds took in $12.2 billion in the past four weeks, their biggest cumulative inflow for such period, according to Bank of America Corp. citing EPFR Global data. 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If it signaled anything, enthusiasm for memes is more evidence that an ever-more-empowered retail cadre is a fact of Wall Street life that isn't going anywhere, at least not soon. 'I don't think it's the beginning of a new trend, but it is very interesting to watch because it speaks that the retail investor really wants to be involved in this market,' said Jay Woods, chief global strategist at Freedom Capital Markets. 'This is bullish. This is not bearish. This is not significant of a top.'

The Bitcoin is full of contradictions. It could still climb some more.
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Mint

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  • Mint

The Bitcoin is full of contradictions. It could still climb some more.

Bitcoin is in the midst of another historic rally. Can it continue? Your guess is as good as anyone's. The bearish arguments, so far proved wrong by the market, haven't changed. The bullish arguments remain as mercurial—and contradictory—as ever. The original cryptocurrency is having another great year, with its price up more than 27%. On Friday, Bitcoin traded at $119,023, up 0.5% for the day, and only about 3% below its July 14 all-time high of $123,166. The price peg's Bitcoin's total market cap at $2.3 trillion. If Bitcoin were a stock, that would rank it sixth in the S&P 500, behind Google parent Alphabet and in front of Meta, according to FactSet data. Given all the excitement, Wall Street analysts are scrambling to put a target price on the surging asset. On Thursday, Citigroup Global Markets offered investors a framework for understanding Bitcoin's price, based on criteria like demand and macro-economic factors. But the result wasn't going to change many minds: Citi offered a bull case of $199,000, representing a gain of about 70% from today's price and a bear case of $64,000, suggesting a 50% decline. It's hard to blame Citibank's analysts for trying to cover their bases. So many of the arguments in favor of Bitcoin tend to fall back on themselves—and yet the price marches ever upwards. Take Bitcoin's latest price driver: Action in Washington. Last week President Trump signed the Genius Act, a bill designed to regulate stable coins, a form of cryptocurrency backed by real assets. Lawmakers may soon advance the Clarity Act, which is designed to resolve the question of whether regulators should treat cryptocurrencies as commodities or securities. There is even talk of crypto in 401(k)s. It's true those developments could all further mainstream adoption. Yet for anyone who has followed the crypto industry's rhetoric over the past decade, it's a little hard not to blanch at all the cheering over victories in Washington. The original aim of Bitcoin—and its cri de coeur—was to be a store of value whose price was immune to government meddling. Bitcoin's scarcity, amid the growing demand for digital assets, is another key explanation for the rally. But this argument is thorny too. Bitcoin boosters are fond of repeating that there will never be more than 21 million Bitcoins, while regular 'halvings" make Bitcoin less and less lucrative to mine. Meanwhile, demand for Bitcoin has skyrocketed in the past year thanks to the advent of spot Bitcoin exchange-traded funds, which make it far easier for mainstream investors to bet on the cryptocurrency. The largest of these, the iShares Bitcoin Trust, has grabbed nearly $38 billion in investor dollars in the past 12 months and nearly $6 billion in the last month alone. But can this potent mix of scarcity and demand continue? While the number of Bitcoins is fixed, there is no limit on the number of copy-cat coins. CoinMarketCap tracks more than 18 million coins, according to its website, with a total market value of $1.5 trillion. So far the SEC has cleared spot ETFs for only the two most valuable cryptos: Bitcoin and Ethereum. But boosters of offerings such as XRP, Litecoin and Solana are clamoring for their own spot ETFs. Washington's new crypto-friendly attitude suggests they will soon get them. Of course, a flood of new crypto ETFs won't necessarily dampen investors' appetite for Bitcoin. Bitcoin's status and mystique as the original crypto has so far ensured it remains more valuable than its many imitators. But the potential flood does suggest that hype, more than limited supply, is what supports Bitcoin's price. Arguments for why investors should own Bitcoin (other than price speculation) are also shaky. Unlike stocks and bonds, Bitcoin doesn't throw off any cash flows. No matter, supporters have long argued. Bitcoin still has a role in your portfolio as a store of value, a form of 'digital gold." It's a view that has led some large investing firms (including Bitcoin ETF sponsors BlackRock and Fidelity) to advocate investors should consider devoting at least a small share of their overall portfolio, say 1% to 2%, to Bitcoin, to boost diversification. The Bitcoin-as-diversifier notion mirrors the longstanding arguments made in favor of owning actual gold—but there are problems with this thesis too. It's true that returns for Bitcoin and gold have resembled one another over the past year. They are both in the midst of big rallies. But, then so are plenty of risk-on assets, notably U.S. growth stocks, led by big U.S. technology names. While gold isn't a perfect hedge against stock-market declines, its reputation as a haven during times of macroeconomic turmoil has been established by academic studies looking at decades of returns. Bitcoin, invented in 2008, boasts no such extensive record. In fact, one recent study (again by BlackRock) found that, although Bitcoin's volatility had recently lessened, the coin remained about four times more volatile than gold. When the next bear market comes it seems likely investors will flee speculative assets like Bitcoin and tech stocks, not run to them for shelter. Where will Bitcoin go next? Prices may continue to march higher, just because they always have. But the arguments in favor of still-bigger gains still don't give much confidence—making sense only if you close one eye and wish away all the contradictions. Write to Ian Salisbury at

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