Top Cryptocurrencies to Consider Buying Now: NOT, FLOKI, WIF
In the cryptocurrency market, several coins have caught the attention of traders looking for profitable investments. Despite the quiet start to the week due to Memorial Day in the US, cryptocurrencies have remained optimistic. This can be attributed to the pro-crypto comments made by former President Donald Trump and the recent approval of spot Ethereum ETFs by the SEC.
Bitcoin (BTC) saw a surge earlier in the day, reaching as high as $70,600, and is currently trading around $69,600, representing a 1.5% increase. Ethereum (ETH) also experienced a notable rise, nearing $4,000 after almost touching that mark earlier in the session. Traders are eagerly awaiting information on the potential launch date of Ethereum ETFs in the US this week. Additionally, the release of US Core PCE inflation figures on Friday is expected to provide further insights into the market.
Despite Bitcoin surpassing its 2021 highs and the market maturing with the approval of ETFs, Ethereum remains undervalued. With its current price below $4,000, it is still 25% lower than its record highs in 2021. The recent ETF approval has cleared up regulatory uncertainties, making Ethereum a potentially lucrative investment. It is projected that Ethereum may reach $5,000 in the near future, making it one of the best cryptocurrencies to buy now.
However, some traders prefer to explore lesser-known altcoins with high growth potential. Here are three cryptocurrencies that have shown promising performance recently and could be considered the best options to buy now:
1. Notcoin (NOT):
Notcoin, the crypto token associated with the viral play-to-earn game on Telegram, has gained significant traction. Within the past 24 hours, NOT has seen a 55% increase, positioning it among the top 100 cryptocurrencies. With a market cap of approximately $850 million and a current price of around $0.008, NOT has the backing of the TON Foundation and boasts a large user base. Given its potential for 5 to 10 times gains, NOT is a strong contender for the best cryptocurrency to buy now.
2. Floki (FLOKI):
Floki, a meme coin inspired by the Shiba Inu, has risen by 22% in the past 24 hours. Breaking through a short-term upward trend channel, FLOKI is likely to test its previous yearly highs above $0.00031 in the near future. With a current market cap of $2.6 billion, FLOKI has the potential for a 5x increase in value during this bull market, making it an attractive investment option.
3. Dogwifhat (WIF):
Another meme coin influenced by the Shiba Inu dog, Dogwifhat has experienced a 13% increase in the past 24 hours, bringing its price back to the $3.30s range. It continues to demonstrate upward momentum within its trend channel, indicating a possible retest of its May highs near $3.70 and a potential return to its record highs at $4.86. With a market cap of $3.35 billion, WIF still has room for significant growth this bull market.
For investors seeking even greater upside potential, presale investing is worth considering. Mega Dice Casino, a well-established crypto casino, has launched a presale of its utility token, DICE, and has already raised $1.25 million. DICE holders benefit from cashback rewards and can generate passive income through DICE staking. The casino is also offering a $750,000 airdrop to reward early presale investors. This presents an opportunity for high-risk investors to make substantial gains.
Disclaimer: Cryptocurrency is a high-risk asset class, and this article is for informational purposes only. It does not constitute investment advice, and there is a risk of losing all invested capital.
