,With crypto having pulled back sharply in recent trade following US economic data that has reignited fears about stagflation, and in wake of hawkish commentary from Fed policymakers, traders are looking for altcoins with strong bullish momentum that might be the best crypto to buy now.,And strong performing
altcoins are difficult to find in Friday’s bearish market.,Bitcoin (BTC) dipped back to the low $61,000s on Friday from earlier highs near $64,000.,The latest
US economic data saw US consumer sentiment slump to six months lows while inflation expectations spiked.,Later,
Fed policymakers pondered whether financial conditions in the US are tight enough to deal with stubbornly high inflation.,As per
CME, the money market implied likelihood of no Fed rate cuts by September jumped to 39% from 31%.,Bitcoin and crypto generally tends to perform better in an environment of easing/easier financial conditions.,It thus unsurprising that hawkish remarks from Fed officials, and data to back up a more hawkish Fed stance have weighed on crypto on Friday.,There remains a lot of uncertainty regarding when the Fed will start interest rate cuts.,This, combined with subsiding
Bitcoin ETF demand and the typical summer/post-
halving market lull, suggests the Bitcoin price could remain subdued.,Few would be surprised to see Bitcoin slide back under $60,000 and retest recent lows.,Most likely, it will continue to trade within its recent $56,000-$70,000ish ranges in the coming months.,Traders hunting for the best crypto to buy now for quick gains need to be very selective when choosing
altcoins.,,Despite the market’s broader bearishness, Toncoin (TON) is trading with strong momentum.,It was last up 7.5% in the past 24 hours above $6.70, as per
CoinMarketCap.,Since its early May lows at $4.60, TON has rallied close to 50%.,Powering the pump is optimism regarding the launch of the Telegram-based GameFi token Not Coin (TON) on the TON blockchain.,Others also cited optimism about the launch of USDT on the blockchain. TON could imminently retest April’s highs near $7.70.,As the blockchain garners rapid adoption, its market cap could soon blast beyond its current $23 billion.,Toncoin could be one of the best cryptos to buy now.,Render (RNDR) is another token bucking the market trend amid its own bullish narrative.,The cryptocurrency was last trading near $11, up a stunning 60% from earlier monthly lows.,Render is pumping since its protocol OctaneX was featured in a recent Apple keynote.,Render remains a leader in the AI DePIN space and its market cap could go a lot higher than its current $4.25 billion. That’s why it could be the best crypto to buy now.,
The above-mentioned altcoins could easily post 5x gains this crypto bull cycle.,However, investors looking for even greater upside potential should check out
presale investing.,Web3 projects frequently sell their tokens at a big discount to early investors as they raise funds for development.,If presale investors can find a good project that gains traction in the market, they can book exponential gains.,One project that analysts at Cryptonews are a big fan of is
Mega Dice Casino.,This already well-established crypto casino has launched a presale of its utility token, DICE.,DICE holders get big cashback benefits on their wagers and can generate passive income via DICE staking.,The crypto casino is also running a $750,000 airdrop to reward early presale investors.,The project has already raised $880,000, too. Potential investors may want to move quickly, as the DICE price will rise when the $1 million milestone is hit.,Mega Dice is also running a referral scheme.,Check Out Mega Dice Casino’s Presale,Best Crypto to Buy Now
https://coinniu.com/best-crypto-to-buy-now-may-10-toncoin-render/
