Crypto is helping the markets soar as the S&P closed at a record high of 6,587.47.
Indexes across the board have rallied ahead of a Federal Reserve meeting on the 17th of September, during which it’s expected that rates will be cut to battle inflation. The Nasdaq and Dow Jones closed at $22,043.08 and $46,108.00 respectively, with all three indexes hitting both record intraday highs and closing levels.
Crypto stocks have been performing particularly well during an explosive period of growth for the US market. Coinbase’s value has risen 83% since April, outperforming Bitcoin which is just about hanging on above $100K.
Terawulf has also seen 286% in growth in the same period, showing that the previously beleaguered crypto mining industry is successfully pivoting towards AI even in the face of diminishing mining returns.
This bullish context could build to a market rally, and altcoins might be the biggest gainers. Best Wallet Token ($BEST) is one of the top presale altcoins right now, with over $15.7M raised.
ETFs, especially crypto ETFs, have become a fundamental part of the US market. Data from Morningstar states that there are now more ETFs than publicly listed stocks, showing a trend towards curated investment strategies.
Blackrock is looking to capitalize on the boom by tokenizing ETFs, part of a wider drive for real-world asset tokenization that’s taken over the industry recently. The BUIDL fund has already passed $1B in tokenized assets and Blackrock shows no sign of reducing its appetite for blockchain tech.
The implication for crypto is huge. By tokenizing ETFs, retail investors can participate in after-hours trading and use them as collateral for DeFi apps. This leads to more adoption and on-chain activity, which ultimately benefits the entire sector.
We’re seeing that TradFi and crypto are merging at an accelerated rate. And this makes it vital to keep up with the fast-paced Web3 world. It’s why we think Best Wallet and Best Wallet Token are poised to do so well.
The future of investment is in crypto, and as more retail investors seek exposure to ETFs through tokenization, Best Wallet will be there to make the purchase process as simple as can be.
Best Wallet Token ($BEST) is the token that powers Best Wallet, an all-in-one solution for crypto that combines trading, portfolio management and token discovery in one single mobile app.
Best Wallet is built to work across a variety of blockchains including Ethereum, Polygon, and BNB completely seamlessly. No more juggling different wallets and DEXs to manage your crypto portfolio.
That makes purchasing new crypto through Best Wallet a breeze, even if you’re looking for new altcoins that haven’t hit the market yet. Best Wallet features an in-app marketplace where you can reserve tokens from vetted presales before they go live.
No need to worry about security – Best Wallet protects you with a combination of Fireblocks MPC-CMP and cloud backup features. Even if your phone goes missing, your crypto won’t. Best Wallet allows you to store secure backups of your wallet that you can download at any time.
With $BEST, you get lower transaction fees when transacting across the Best Wallet ecosystem. That gives you the best profit margin when, especially for exclusive presale tokens, with Best Wallet as the only crypto wallet to offer this.
$BEST also gives you the ability to vote in proposals made on the Best Wallet DAO, so if you want to see a new blockchain supported, that’s where you do it. Best of all, $BEST gives you additional rewards in the staking aggregator.
Speaking of staking, entering the $BEST presale now allows you to lock in staking rewards of up to 84%. You’ll have to act fast, though – it’s a dynamic presale, so the longer you wait, the higher the price and the lower the staking rewards.
Purchase $BEST today while it’s still at $0.025625.
