US Treasury Secretary Scott Bessent caused market jitters yesterday. And all it took was for him to imply that the government is ruling $BTC purchases for the strategic Bitcoin Reserve.
Within just 40 minutes, his comment erased an eye-watering $55B from $BTC’s market cap. Still, he quickly debunked such a claim, which eased some of the market’s panic.
With renewed confidence in the Web3 arena, now could be a great time to invest in the next crypto to explode.
Bessent Caused $BTC’s $124K ATH to Nosedive
$BTC dropped to ~$117K after hitting a new ATH of $124+ yesterday. It’s now showing signs of recovery at $119K.
This tremendous slump came on the heels of Bessent indicating to Fox Business that the government wouldn’t be acquiring additional $BTC.
‘We’ve also started to get into the 21st century, a Bitcoin reserve. We’re not going to be buying that, but we are going to use confiscated assets and continue to build that up,’ commented Bessent.
Though on a positive note, he did say that the Treasury won’t be selling its $BTC stash. According to him, it’s currently worth ‘somewhere between $15B and $20B.’
After $BTC took a tumble, Bessent didn’t hang around to set the record straight. He quickly took to X, saying the ‘Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve.’
As market confidence returns, now might be an opportune time to cast your attention on high-potential tokens with ambitious use cases.
We have high hopes for Maxi Doge ($MAXI), Chintai ($CHEX), and Bitcoin Hyper ($HYPER).
1. Maxi Doge ($MAXI) – Presale Nears $1M Over Eyeing Futures Trading Platform Integration
Maxi Doge ($MAXI) is a new contender in the bustling dog-themed token arena, currently valued at a sizable $48B.
Despite being a Shiba Inu coin on steroids (literally), $MAXI aims to offer more than just hype; it has plans for gamified tournaments and integrations with futures trading platforms in the future.
That said, you only need to check out its presale website to see that meme culture runs deep in its DNA. It has bold slogans like ‘Feel the Maxi Pump’ and ‘Forget Your Limits’ splashed across the page.
Supporting the project’s growth are its fair and sustainable tokenomics. Maxi Doge allocates a hefty 40% of its total token supply to marketing. This way, it can boost its visibility continuously to help bring up its token’s price.
Meanwhile, an additional 15% is earmarked for the dev team, so gear up for ongoing developments and innovation.
You can also rest assured that the dev team has prioritized security right from the start. Coinsult and SolidProof have audited its smart contract, and no issues were found.
$MAXI is available on presale for just $0.000252. Showing its weight, it’s close to hitting its $1M milestone, with $980K raised thus far.
2. Chintai ($CHEX) – Supercharges Real World Asset Platform, Rockets 103% in 7 Days
$CHEX is the linchpin of Chintai, a regulated digital asset platform that tokenizes real-world assets (RWAs).
The platform makes it easy to create, trade, and manage tokenized assets, including issuance and secondary trading, all in a fully compliant setup.
It’s powered by Chintai Nexus, its own tech built on the EOS blockchain with the Antelope protocol. Doing so means it can enable fast, scalable, and low-cost transactions.
Its native token, $CHEX, powers the entire ecosystem. It covers network resource fees, plus staking, governance, and liquidity incentives.
With RWAs on-chain hitting $26B and asset holders up 11% – exceeding 350K in the past month – $CHEX is well-positioned to capture a slice of this growing market.
In fact, it already is. $CHEX is up 35% since last month and an impressive 103% in the previous week alone.
Considering the RWA market is projected to reach $16T by 2030, $CHEX positions itself for major growth.
Now could be a prime time to buy $CHEX before its price possibly rockets. It’s available on some of the best crypto exchanges for just $0.1785.
3. Bitcoin Hyper ($HYPER) – Set to Transform Bitcoin Into a Fast & Low Cost DeFi Powerhouse
Bitcoin Hyper ($HYPER) is an upcoming Layer 2 network designed to uplift Bitcoin by making it faster, cheaper, and DeFi-ready.
Once launched this quarter, the Layer 2’s capabilities have what it takes to push Bitcoin to become a much more powerful, versatile blockchain.
At the moment, the Bitcoin network can only facilitate 7 transactions per second (tps). In comparison, Ethereum can handle 15-30 tps, and Solana over 1K tps.
To make Bitcoin speedier, Bitcoin Hyper pledges to batch transactions off-chain before settling them on Bitcoin’s base layer. Doing so would also help the network cut congestion and lower fees.
Additionally, it’ll leverage the Solana Virtual Machine (SVM) to unlock smart contract functionality for Bitcoin. This alone would help DeFi protocols, dApps, and even the best meme coins to thrive on the network.
In turn, it might help increase Bitcoin’s Total Value Locked, currently ranked third among all blockchains at $7.662B. At the moment, most of this value comes from custodial holdings, Lightning payment channels, sidechains, and wrapped $BTC.
Ethereum, however, has the highest TVL at a hefty $94.74B, most of which is locked in smart contracts and dApps.
With Bitcoin Hyper, Bitcoin could unlock massive liquidity and boost its position as a true DeFi powerhouse, just like Ethereum.
A Canonical Bridge will also handle secure assets between the SVM and Bitcoin, while it plans for Zero-Knowledge Proofs (ZKPs) to keep transactions trustless and scalable.
To get the most out of the ecosystem, however, you’ll want to scoop up some $HYPER. Then, you can enjoy cheaper gas fees, governance rights, and staking rewards at an eye-popping 113%.
$HYPER has already attracted over $9.6M on presale, despite one coin costing just $0.012725. Once the Layer 2 launches, it’s anticipated to reach $0.32, so now signals a great time to join for potential 2,414%+ gains.
Verdict – US Treasury Confirming BTC Buys Sparks Crypto Optimism
Bessent’s comment on Bitcoin reserve purchases shook the market, but his swift backtrack reignited confidence.
The rapid decline in $BTC’s price underscores just how sensitive the crypto market is. Yet, it also shows how quickly sentiment can switch when uncertainty is resolved.
With confirmation that the US government will explore ways to grow its Bitcoin reserve, $BTC is stabilizing.
And as always, when $BTC shows promise, so too do smaller low-cap coins – it’s the market leader, after all.
Whether you’re interested in meme coin hype, RWAs, or Bitcoin scaling solutions, $MAXI, $CHEX, and $HYPER have what it takes to flourish on renewed market confidence.
This isn’t investment advice. DYOR and never invest more than you’d be sad to lose.
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