With the market nearing extreme greed territory on the Fear and Greed Index for the past week, a healthy pullback saw crypto dip by 1.49% on May 19th, reducing the broader market cap to $3.25 trillion.
While that means over $100 billion was removed from the market overnight, it also positioned Bitcoin (BTC) and many altcoins for additional gains, so let’s examine the most promising tokens.
Best Wallet Token (BEST)
Best Wallet Token is scheduled to join the market this year as the native token of Best Wallet, one of the fastest-growing Web3 non-custodial wallets today.
Surpassing $12 million raised earlier this month, and adding nearly $500,000 to the counter since then, BEST is currently one of the most hyped presales.
That comes as no surprise, since holding BEST unlocks numerous benefits for Best Wallet’s users, making it an attractive asset to hold long term, which could push its price upward once it hits the DEXs.
From enhancing Best Wallet’s existing features by introducing lower transaction fees and exclusive early access to emerging presale tokens to increasing staking rewards with the wallet’s upcoming staking aggregator, BEST offers immense utility.
Plus, BEST’s current per-token price of 0.025045 is below its DEX issue price of $0.025476. With the presale continuing to grow, now could be the best time to buy Best Wallet Token at a discount.
Solaxy (SOLX)
Pushing past $37.7 million raised, Solaxy is approaching the end of its presale as one of the largest meme coin projects in recent history.
With its upcoming Layer 2 solution for Solana, which will use rollups to improve the network’s scalability and prevent transactions from failing, Solaxy’s launch could result in faster transactions and lower gas fees for Solana users.
With the token launchpad expansion now officially confirmed by its developers, and its ecosystem’s bridge expected to support seamless swaps between Ethereum, Solana, and Base, experts from 99Bitcoins are confident it has the potential to explode by 100x on launch.
They urge their audience to add SOLX to their portfolios while the presale is still live and take advantage of the project’s generous 107% staking APY to maximize their investments.
With the presale now ending in just 28 days, there’s limited time to buy Solaxy before it explodes onto exchanges.
Grass (GRASS)
With a mission to leverage Layer 2 data rollup technology to enable high-speed data processing and a position at the intersection of blockchain and AI, Grass is a platform that intends to help its users monetize their unused internet bandwidth.
Used for governance, staking, and user rewards, its native token, GRASS, has seen mass adoption take it to its all-time high (ATH) of $3.9 in late 2024.
Although its current price of $1.87 is well below that, crypto expert Greg Miller is confident GRASS will achieve a new ATH this summer.
Lookonchain has also spotted increasing whale activity around GRASS, reporting that one whale bought 786,170 GRASS, worth 1.7 million USDC at the time, on May 19th.
As Grass continues to adapt to current trends, with its 2025 roadmap revealing a strong focus on multimodal AI functions for the platform, its native token stands a solid chance to more than 2x by July, making this an attractive buying opportunity.
Internet Computer (ICP)
Internet Computer is a project that aims to eliminate the need for traditional cloud storage services by providing its users with on-chain, secure, and decentralized storage.
The platform boasts an ecosystem rich with decentralized applications that allow users and businesses to communicate, operate, and deploy AI models as smart contracts.
Plus, Internet Computer provides ICP holders with governance rights that allow them to vote on project-related proposals.
Although ICP’s dip from $6.06 on May 12th to $4.99 on May 19th reduced its gains over the past 30 days to 4.13%, the token still enjoys a 1.96 long/short ratio, which indicates that a vast majority of traders trust in its short-term growth potential.
Technical expert Crypto Guru believes ICP is now prepared to push past the $6.4 mark, expecting it to burst past its 50-day Simple Moving Average (SMA) of $5.13, which often confirms short-term upward momentum.
Bonk (BONK)
Launched in December 2022 on Solana as the network’s flagship dog-themed meme coin, BONK quickly grew in popularity, reaching its ATH of $0.00005916 in late 2024.
Today, it is the second most widely integrated token on Solana after SOL, boasting over 400 dApp integrations.
While the market-wide pullback saw its price slide from its ATH to $0.00001213 in mid-April, BONK achieved an impressive 70.15% surge since, entering May 19th priced at $0.00002064 despite the 12.43% drop over the past seven days.
With its Relative Strength Index (RSI) at 55.34, placing it below overbought territory, and its current price well above its 50-Day SMA of $0.00001582, BONK appears ready to surge over the upcoming weeks.
Identifying a promising breakout from a long-standing descending trendline in the token’s chart, technical analyst Jeremy believes BONK stands a chance to reach a new ATH this year, marking its current levels as a strong buying zone.