We’re still in the early stages of the crypto cycle, according to Bitmine Immersion Chairman Tom Lee.
This was after he noted a Morgan Stanley survey stating that crypto ownership is dropping among young Europeans.
Increased institutional investments, friendlier stance on crypto among governments, and growing interest among traditional banks support Lee’s assertion.
As the market continues to mature, it’s also best to be on the lookout for the best crypto to buy, like Best Wallet Token ($BEST) and Snorter Token ($SNORT).
Crypto Ownership Still Low but Growing
In a post on X, Lee cited Morgan Stanley’s 2025 Intern Survey, which showed that 82% of respondents do not hold any cryptocurrencies, compared to 69% in 2024. According to him, this indicates that the crypto market is still in its infancy, suggesting that there’s plenty of room for growth.
While the numbers seem worrying at face value, the survey also adds that interest in cryptocurrencies is indeed low, but is growing among Morgan Stanley’s summer interns.
This is further supported by the growing interest in cryptocurrencies among institutional investors. Lee’s Bitmine is currently the largest holder of Ethereum ($ETH) with over 1.7M in its treasury.
Banks are also slowly adopting it, emphasis on ‘slowly.’ For example, JP Morgan already has its own $JPMD stablecoin, which helps facilitate payments and cross-border transactions.
Governments are taking a friendlier stance on digital currencies, too. Just last week, the US state of Wyoming launched its own stablecoin called $FRNT. Designed to make digital transactions more secure, transparent, and efficient.
All in all, the market is still far from mature, which should excite investors on the hunt for the best crypto to buy, such as the following:
1. Snorter Token ($SNORT) – Simplifying the Search for the Next Big Cryptocurrencies
Although the market is still developing, it’s happening at an increasingly rapid pace. This makes it difficult to keep up with all that’s happening, as well as finding promising cryptos to invest in.
Snorter Token ($SNORT) wants to solve that through Snorter Bot. It’s a Telegram-based crypto trading bot that will dramatically simplify how you trade digital assets.
Since the bot resides in the popular messaging app, you don’t need to jump from one platform to another just to buy tokens, do your research, and more. With Snorter Bot, you can do things like sniping, copying trades, and managing your portfolio with just a few taps.
Because new tokens are launched very quickly, it’s also difficult to vouch for their authenticity. The good news is that Snorter Bot will come equipped with a honeypot and rugpull detection feature to keep you away from scammers and hackers.
Powering this is its native Snorter Token ($SNORT). When the bot launches, holding the token will let you enjoy exclusive perks, like low transaction fees and unlimited snipes.
For now, you can buy it via the Snorter Token presale page for only $0.1023 each. Alternatively, you can stake the tokens for 131% p.a.
Join the Snorter Bot presale today.
2. Best Wallet Token ($BEST) – The Secure and User-Friendly Crypto Wallet
Looking for a crypto wallet to store your assets can be daunting, especially if you’re a new trader. That is, unless you use Best Wallet, which is powered by Best Wallet Token ($BEST).
It’s a non-custodial crypto wallet, which means that only you can hold your private keys. As you might know, whoever holds your private keys can control your crypto.
The app itself is very user-friendly, and it doesn’t require KYC, so you can set it up in minutes. It works with both iOS and Android devices, ensuring you’ll have an interface that’s already familiar to you.
Holding $BEST tokens unlocks exclusive perks, like low transaction fees, early-bird access to presales in the Token Launchpad, and governance voting for key decisions in the Best Wallet ecosystem.
Each token currently costs only $0.025525, which is one of the lowest prices ever. Of course, you can stake your tokens too, with the team offering rewards with an 89% APY.
Get your Best Wallet Token here.
3. Bitcoin Penguins ($BPENGU) – The Fastest Token Presale Ends Soon
In crypto, no fear is bigger than FOMO. Bitcoin Penguins ($BPENGU) brings up this fear several notches higher with perhaps one of the fastest presales at the moment.
Starting on July 28 and ending on August 27, the presale gives buyers just a month to grab their share of $BPENGU tokens. After that, you’ll be able to claim your tokens on September 2.
Plus, there are 15 stages where the token’s value goes up by 5% at each stage. That means if you bought tokens on stage 1, their price will have increased by 98% by stage 15.
With the presale already in its final stage, this is your last chance to get $BPENGU this cheaply. It’s all right, though, if you missed the previous stages, as it will launch the token on CEXs, which should help drive up its price further.
Read the Bitcoin Penguin whitepaper.
Crypto is Here and There’s No Turning Back
While mainstream interest in cryptocurrencies is still low, it’s no longer on the fringes either. It’s currently at a tipping point where governments and institutional investors are getting into digital currencies, while traditional banks are slowly catching up.
Because of this, we expect the interest to ramp up in the coming months, including some of the best crypto to buy. So, if you’re looking for cheap coins with good profit potential, then Snorter Token ($SNORT) and Best Wallet Token ($BEST) are worth considering.
Disclaimer: Do your own research. This is not investment advice.