Best Altcoins to Buy: Brazil Holds First Hearing for $19B Bitcoin Reserve

Later today, Brazil’s Chamber of Deputies Economic Development Commission will hold the country’s first-ever hearing on the RESBit proposal, which seeks to formally establish a Bitcoin reserve worth nearly $19B.

The goal is to discuss how Brazil can modernize its treasury management, strengthen its competitiveness in the global digital economy, and safeguard international reserves against macroeconomic risks such as exchange rate volatility and geopolitical uncertainty.

The session will feature insights from leading voices in the crypto sector, including Diego Kolling, head of Bitcoin strategy at Méliuz (the first publicly-traded Brazilian company to invest in Bitcoin), and Julia Rosin, head of public policy at Bitso.

Keep reading to learn more about Brazil’s foray into crypto, and how you can ride this new adoption wave by loading up on the best altcoins to buy now.

Brazil’s Dominance in the Latin American Crypto Landscape and the Way Forward

Brazil stands as the clear leader in Latin America when it comes to crypto adoption. And it ranks 10th globally, according to Chainalysis’ Geography of Crypto Report 2024.

The scale of its adoption is evident in numbers. Brazilian tax authority data, for instance, shows that the country traded nearly $76B worth of crypto last year, underscoring the depth of penetration across its economy.

The RESBit proposal aims to build on this momentum by formally assigning responsibility for the Bitcoin reserve to Brazil’s Central Bank and Finance Ministry.

These institutions would also be required to submit biannual reports covering the reserve’s performance, associated risks, and any adjustments needed to strengthen its role.

It’s worth noting that once the hearing concludes, the bill must pass through both the Chamber of Deputies and the Senate before becoming law. This would then officially position Brazil alongside global frontrunners in national-level crypto adoption.

All in all, with more countries stepping firmly into crypto, the market is set to see greater capital inflows, particularly into low-cap projects that offer something fresh and innovative.

With that in mind, here are some of the best cryptocurrencies to buy right now.

1. Bitcoin Hyper ($HYPER) – Bitcoin’s First Layer-2 With Solana-Like Speeds and a $10M+ Presale Boom

Bitcoin Hyper ($HYPER) is the first-ever Layer-2 solution for Bitcoin, redefining the blockchain’s capabilities in scalability, speed, and Web3 compatibility.

As things stand currently, Bitcoin just cannot be used to engage with the Web3 ecosystem or execute smart contracts. It’s also painfully slow, executing just 7 transactions per second, as opposed to Solana’s ~3,000.

$HYPER plans to change that by powering its Layer 2 with Solana Virtual Machine (SVM) integration and a decentralized, non-custodial canonical bridge.

The SVM integration brings Solana-like speed and scalability to Bitcoin, allowing developers to build dApps and execute smart contracts.

Meanwhile, the canonical bridge locks in native Layer 1 Bitcoin and mints an equivalent amount of Layer 2 ‘wrapped’ Bitcoin.

These wrapped $BTC tokens can then be used across the SVM-powered Web3 environment on Hyper, including lending, staking, swapping, NFTs, DeFi trading, DAOs, blockchain gaming, and more.

Once done, you can seamlessly bridge back to Layer 1 Bitcoin. In short, the entire process is like temporarily swapping your $BTC for a utility-enabled, faster version of itself.

The $HYPER presale has been on fire, already raising over $10.8M, with each token priced at just $0.012765. Here’s how to buy $HYPER.

And the best part? According to our $HYPER price prediction, the token can surge 1,450% by year-end, potentially hitting $0.20.

Visit Bitcoin Hyper’s official website for more information.

2. Best Wallet Token ($BEST) – Powering the Next-Gen Multi-Chain Crypto Wallet

Best Wallet Token ($BEST) is the native cryptocurrency of Best Wallet, a decentralized, non-custodial, multi-chain crypto wallet that keeps your holdings secure while letting you buy, store, deposit, send, swap, and manage your entire portfolio in one place.

Because it’s non-custodial, only you have access to the wallet’s private keys, making third-party attacks impossible.

On top of that, Best Wallet doubles down on security with Fireblocks’ MPC-CMP wallet technology, excellent two-factor authentication options, and defenses against scams, hacks, and phishing sites.

One of its most exciting features is the Presale Aggregator section, which lets you spot and invest in new presale meme coins before the wider market catches on.

Simply put, you can buy directly from within the wallet without needing to visit external sites, ensuring a seamless, one-stop experience.

At the center of Best Wallet’s ecosystem sits $BEST, holding which unlocks a long list of exclusive perks, including:

• Early-bird access to crypto presales
• Reduced transaction and gas fees
• Staking rewards (currently offering 90% APY)
• Community governance rights

Currently in presale, Best Wallet Token has already raised $14.97M, with tokens currently priced at just $0.025505 apiece.

Want in? Here’s a step-by-step guide on how to buy Best Wallet Token.

For more information, check out $BEST’s official website.

3. Dogecoin ($DOGE) – ETF Hype Could Fuel a 140% Breakout

After rallying more than 100% in July, Dogecoin reignited momentum among investors, with many seeing the redemption of the largest meme coin by market cap as a signal of bullish times ahead for the meme market as a whole.

Since then, $DOGE has entered a deep correction, unable to push past its July highs.

As the chart shows, the token is currently supported by an upward-sloping trendline at the bottom while being capped by a downward-sloping resistance at the top – a classic triangle formation.

However, with the broader context still bullish, a breakout above is expected, which would potentially drive Dogecoin toward $0.50, i.e., a 140% gain from current levels.

One of the biggest reasons behind this optimism is the growing likelihood of a Dogecoin ETF approval in 2025.

According to prediction platform Polymarket, the odds of the SEC giving the green light now stand at 72%, up from 44% in the beginning of June.

Bottom Line

With Brazil aiming to join the global crypto leadership race through a full-fledged Bitcoin Strategic Reserve, the stage is set for promising altcoins like $HYPER and $BEST to attract even greater interest and investor participation.