Best Crypto to Buy Now on May 27

Last updated: May 27, 2024 at 6:22 p.m. EDT | 4 minutes of reading

Notcoin, Floki and Dogwifhat are on the shortlist of best cryptocurrencies to buy now. Image from cryptonews.com

It was a quiet start to the week for global markets, with US markets closed for Memorial Day, but cryptocurrencies were nevertheless in good spirits, with most major coins rising following pro-crypto comments from the US presidential candidate and former President Donald Trump. last week, and traders are looking for the best crypto to buy now.

Another positive comment from Trump comes after last week’s surprise approval of Ethereum spot ETFs by the SEC.

After hitting $70,600 earlier today, Bitcoin (BTC) was last trading around $69,600, up 1.5%.

Ethereum (ETH)Meanwhile, the stock was last trading near $3,900 after nearly hitting $4,000 earlier in the session.

Traders will be watching for more information this week on the potential launch date of Ethereum ETFs in the United States.

Focus will also be on the release of US PCE core inflation figures on Friday.

Recent US macroeconomic data has allayed fears that the Fed will delay rate cuts until 2025.

Friday’s data is expected to show the Core PCE inflation rate will fall to 0.2% from 0.3% month-on-month.

This could further allay these fears, thereby adding tailwinds to the crypto market. Major coins may soon retest yearly highs.

And Ethereum currently represents a potentially very interesting opportunity.

At current levels below $4,000, it remains down about 25% from its 2021 highs.

This is despite Bitcoin returning above its 2021 highs and significant market maturation, illustrated by ETF approvals.

Regulatory uncertainty has likely been a major factor holding back ETH, but last week’s approval of the ETF means all of that should be cleared up.

An ETH catch-up trade up to $5,000 could be considered, potentially making it the best crypto to buy now.

However, some merchants might be looking for smaller products, lesser known altcoins with a high beta that could outperform.

Here are some performers Monday that could be the best crypto to buy now.

Best Crypto to Buy Now

Notcoin (NOT)

The recently launched crypto token of the viral game Notcoin (NOT) based on Telegram is booming on Monday.

After increasing 55% in the last 24 hours, according to CoinMarketCapNOT is now part of the top 100 cryptos.

NOT’s market capitalization was approximately $850 million, at a price of approximately $0.008.

Notcoin may not stay at a market cap below $1 billion for long.

It benefits from the support of the TON Foundation (NO is issued on the Ton blockchain). And it already has a huge user base.

Within the first week of the game’s launch in January, it attracted over 5 million players.

Wins of 5 or 10x for NOT are very possible. This is why it could be the best crypto to buy now.

Floki (FLOKI)

Shiba Inu-themed Floki coin rose 22% in last 24 hours, says CoinMarketCap.

FLOKI’s latest pump will make the bulls salivate. The meme coin has moved back north of a short-term uptrend channel.

This means that a near-term test of its previous yearly highs above $0.00031 is expected.

FLOKI could easily be the best crypto to buy now if it can maintain bullish momentum. Source: TradingView

With a current market capitalization of $2.6 billion, FLOKI could further increase this bull market by 5x. This is why it potentially ranks as the best cryptocurrency to buy right now.

Dog Hat (WIF)

The Shiba Inu dog-inspired meme coin, this one sporting a hat, dogwifhat (WIF), is also in circulation Monday.

WIF increased by 13% in the last 24 hours, bringing it back to $3.30.

THE piece of money continues to rise within the confines of an uptrend channel.

A retest of May highs near $3.70 is likely soon. And if general market momentum continues, a near-term return to the record highs of $4.86 is also likely.

Like Floki, WIF also has a small market cap of $3.35 billion. This leaves plenty of room for a 5x upside in this bull market.

WIF is another contender for the best cryptocurrency to buy now.

Crypto Alternative to Consider – Mega Dice (DICE)

The coins above could easily post 5-10x gains in this crypto bull market.

But some very risk-tolerant investors looking for even greater upside potential should take an interest. pre-sale investment.

New crypto projects often sell their tokens at a discount to early investors when they raise funds for development.

If pre-sale investors can identify good projects that eventually gain traction in the market, they can make huge gains.

One project that Cryptonews analysts are a big fan of is Mega Dice Casino.

This already well-established crypto casino has launched a pre-sale of its utility token, DICE, and has already raised $1.25 million.

DICE holders enjoy significant cashback benefits on their bets and can generate passive income via DICE staking.

The crypto casino is also hosting a $750,000 airdrop to reward early pre-sale investors.

Potential investors may want to act quickly, as the price of DICE will increase when the $2 million mark is reached.

Mega Dice also runs a referral program.

Check out the Mega Dice Casino presale

Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.

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