Best Cryptocurrency to Buy – NOT, FLOKI and WIF
4 minutes read
Bitcoin (BTC) is back at $70,000 and Ethereum (ETH) is near $4,000.
The halving is complete.
Both ETFs approved.
Trump is now pro-crypto.<.>
Ross’s jail time could be reduced.
Opportunity to invest in crypto!!! It’s all up from here! 🚀🚀🚀
— Layah Heilpern (@LayahHeilpern) May 27, 2024
After hitting a high of $70,600 earlier in the day, Bitcoin (BTC) was last trading at around $69,600, up 1.5%.
Ethereum (ETH), meanwhile, was last trading at around $3,900, after hitting nearly $4,000 earlier in the session.
Traders are watching for the potential launch date of Ethereum ETFs in the US this week.
The release of US core PCE inflation numbers on Friday will also be a focus.
Recent US macro data has allayed fears that the Fed will delay its rate cuts until 2025.
Friday’s data is expected to show the core PCE inflation rate falling to 0.2% from 0.3% MoM.
That could further allay these fears and provide further tailwinds to the crypto market. Major coins could soon retest their yearly highs.
Ethereum represents a potentially very good appreciation opportunity right now.
At current levels below $4,000, it is still around 25% below its 2021 record high.
This is despite Bitcoin being back above its 2021 peak and the market having matured significantly, reflected in ETF approvals.
Regulatory uncertainty was likely a major factor holding ETH back, but last week’s ETF approval means all of this should clear up.
An ETH catch-up trade to $5,000 could be on the cards, potentially making it the best cryptocurrency to buy right now.
However, some traders may look for smaller, lesser-known altcoins with a high beta that may perform better.
Here are some strong performers on Monday that could be the best cryptocurrency to buy right now.
Best Cryptocurrency to Buy
Notcoin (NOT)
Notcoin (NOT) is seeing a strong surge on Monday.
After a 55% surge in the last 24 hours, NOT is now among the top 100 cryptocurrencies according to CoinMarketCap.
NOT’s market cap was last seen at around $850 million, with a price of around $0.008.
Notcoin may not stay at a sub-$1 billion market cap for long.
It is backed by the TON Foundation (NOT is issued on the Ton blockchain). And it already has a huge user base.
In the first week after the game’s release in January alone, it attracted over 5 million players.
5x or 10x gains for NOT are quite possible. Here’s why it could be the best cryptocurrency to buy right now.
Floki (FLOKI)
Floki is up 22% in the last 24 hours, according to CoinMarketCap.
FLOKI’s recent pump will have bulls drooling. The meme coin has broken back north of a short-term uptrend channel.
This means a short-term test of its previous yearly highs above $0.00031 is expected.
FLOKI’s market cap is currently $2.6 billion. It could easily quintuple in the bull market. Here’s why it could be the best cryptocurrency to buy right now.
Dogwifhat (WIF)
Shiba Inu meme coin Dogwifhat is also booming on Monday. WIF is up 13% in the last 24 hours.
Within an uptrend channel, the meme coin continues to rise.
It is likely that the May highs of $3.70 will be retested soon. If the market’s momentum continues, it is likely that we will see a return to highs at $4.86 in the near future. WIF, like Floki, has a market cap of about $3.35 billion. This bull market has plenty of room to grow 5x. WIF is a candidate for the best cryptocurrency to buy right now. Consider Mega Dice as a crypto alternative
Presales as an Investment Option
These coins could easily see gains of 5-10x in this cryptocurrency bull market.
However, some investors who are willing to take on more risk and want to see even more upside might consider investing in presales. Early investors are often offered a discount on new crypto tokens as projects raise money for development.
Presale investors who can identify projects that will gain traction in the market can make huge profits.This is a key pointer. Mega Dice Casino is a project that analysts at Cryptonews really like.
The established crypto gambling site has raised over $1.25 million in the presale of its utility token DICE. DICE holders can earn passive income by staking DICE and receive huge cashbacks on their bets.
To reward early investors, the crypto casino is also hosting a $750,000 airdrop
Disclaimer – Cryptocurrency is a risky asset class. This article is for informational purposes only and does not constitute investment advice. You can lose all your capital.
