On Friday, major cryptocurrencies were showing a bearish bias, with Bitcoin trading at around $64,000 and Ether stuck in the mid-$3,100s. The US dollar and US government bond yields remained close to multi-month highs, indicating that the macro backdrop is still challenging for crypto assets. As ETF inflows turn to outflows and post-Bitcoin halving optimism fades, Bitcoin is at risk of falling below $60,000, making it important for investors to be selective when choosing which altcoins to buy. Some strong performers on Friday that could be considered the best crypto to buy now include Litecoin (LTC), Neo (NEO), and Ethereum Classic (ETC).
Litecoin (LTC) has been attempting to break higher despite the market’s broader weakness, with the price currently in the $88 range and trading above its 21-day moving average (DMA). LTC has seen a 25% gain from earlier monthly lows, making it a top crypto gainer according to CoinMarketCap. If LTC can break above its current range of $60-$115, it could potentially return to 2021 highs around $300, offering the potential for 3.5x gains in this bull market. This makes Litecoin a strong candidate for the best crypto to buy now.
Neo (NEO), the cryptocurrency of the NEO smart contract blockchain, has seen a 5% increase in price in the past 24 hours, reaching $20 per token. With a market cap of around $1.3 billion, NEO is still significantly below its 2021 peaks, leaving room for exponential gains. Price history suggests that NEO could potentially see 5x gains in this bull market, making it another top choice for investors looking for the best crypto to buy now.
Ethereum Classic (ETC), the original Ethereum blockchain, is also showing promising signs, with a 4% increase in price to $28 in the past 24 hours. Despite ETC’s lower adoption compared to Ethereum, it has the potential for significant gains, having reached as high as $175 in 2021. As hype and FOMO in the market increase, there is potential for ETC to reclaim these peaks, making it a good option for investors seeking high-risk, high-reward opportunities.
For investors looking for even stronger near-term gains, getting involved in crypto presales could be a viable alternative strategy. The team at Cryptonews.com has compiled a list of what they deem to be the best crypto presales of April, offering the potential for significant returns. It is important to note that investing in crypto is high-risk and speculative, and investors should conduct thorough research and exercise caution when making investment decisions in this asset class. This article is provided for informational purposes and should not be considered as investment advice.
