As Bitcoin (BTC) eyes a retest of its 2024 highs following a 3.5% push higher on Monday back to the $72,000 area, crypto investors are anticipating that the crypto market might be about to heat back up once again and are hunting for the best crypto to buy now.
A triangle pattern break-out on Monday has some analysts betting that Bitcoin could soon pump towards $80,000.
Bitcoin could be about to fly higher to $80,000, making it a candidate for best crypto to buy now. Source: TradingView
Prior to Monday’s bullish breakout, 10x Research founder Markus Thielen had recommended clients to buy at $69,000 with a stop loss at $65,000, targeting a push towards $80,000 in the weeks ahead.
Attention now turns to the release of US CPI inflation data later in the week. Bitcoin has held up well recently despite the market’s paring back on rate-cut bets.
Fed policymakers have been downplaying the need for rate cuts recently in wake of strong US economic data.
But the Bitcoin bulls have remained in control, amid continued elevated risk-taking across financial markets. Bullish narratives such as continued net positive inflows into spot Bitcoin ETFs and the upcoming halving have also helped.
Bitcoin remains on course to potentially touch $100,000 this year. For investors just getting started in crypto, Bitcoin is certainly a candidate for best crypto to buy now.
But if Bitcoin is about to take a leg higher, higher beta altcoins could surge. For more experienced crypto investors looking to up their risk, altcoins could deliver faster gains.
Here are some strong performers on Monday that could be the best crypto to buy now.
Best Crypto to Buy Now
Neo (NEO)
Neo (NEO), the cryptocurrency of the up-and-coming smart contract blockchain NEO, is pumping on Monday.
As per CoinMarketCap, it was last up 33% in the past 24 hours to $20.50 per token. That lifted its market cap to just under $1.5 billion.
That’s a very modest market cap still if the blockchain does see some decent real-world adoption.
NEO could easily still 5x this bull market, making it a candidate for best crypto to buy now.
Dogwifhat (WIF)
The Solana blockchain’s new meme coin favorite Dogwifhat (WIF) is regaining bullish momentum.
It was last up 12% in the past 24 hours, as per CoinMarketCap, and trading near $4.20. That means its market cap was last around $4.2 billion.
That means Dogwifhat’s market cap is still around 7x lower than Dogecoin’s, suggesting plenty of room left for potential upside.
Dogwifhat remains a candidate for best crypto to buy now.
Toncoin (TON)
Telegram-affiliated cryptocurrency Toncoin (TON) pumped hard to fresh all-time highs on Friday.
According to CoinMarketCap, TON was last up around 15% in 24 hours, and its market cap is just over $21 billion.
Its affiliation with the world-leading private messaging application Telegram positions Toncoin as a potential leader in the 2024 bull market.
Its market cap could go much higher from here, with investors potentially set for 3-5x gains.
That’s why it could be the best crypto to buy now.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great chance to make 10x gains.
But, for those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 14 of what the project deems as the best crypto presales of 2024.
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