Discover expert insights on what crypto to buy now to leverage the ongoing market momentum. Get strategic guidance to make informed investment decisions and maximize your returns in today’s dynamic crypto landscape.
The market value of cryptocurrencies is $2.32 trillion. This massive market gains the attention of big whales, especially those who are trying to make millions from their investments. Many analysts have stated that the current bull run is already underway, but what crypto to buy now?
Crypto Bull believes that the current volatile market is on its way to an all-time high. Although many coins are available on the market, Bitcoin and Ethereum are dominant and cover two-thirds of the crypto market.
BtcPronews has shortlisted some of the coins that are still struggling for stability. After the Halving event, this is the best time to grab these tokens for long-term investment.
What Crypto to Buy Now
Bitcoin
The world’s largest cryptocurrency, currently trading at the price of $62,932, with a market value of 1.25 trillion. Bitcoin gave a year-over-year return of $141.
Source: Coinmarketcap
Based on the data from the previous three halvings, Bitcoin always makes a new high after this event. The newly launcheprotocol,ol named Runes, will facilitate Bitcoin’s price gain. This network also helps miners after this halving event, which reduces the reward for mining.
The new financial step taken by Hong Kong to introduce Bitcoin ETFs will be the key element in boosting Bitcoin. The Hong Kong ETFs will start their sale on April 30.
As per the assumption of Analysts, assume that the price of Bitcoin can spike to $100,000 by 2024. This price can go to $1 million in 2025/26.
In this volatile market, what crypto to buy now for the long term? The first top choice is Bitcoin, As most analysts are expecting it to reach $100,000 by the end of 2024.
#Bitcoin prices remain HEAVILY correlated with spot BTC ETF inflows/outflows. With the halving event out of the way, I expect inflows to pick up again for both BTC ETFs and BTC mining stocks. The post-halving economics remain much better than most anticipated for miners!
RexFinance (@Rex_Finance) April 23, 2024
Ethereum
Ethereum is the first alternative of Bitcoin in the crypto world, currently trading at $3,118 with a market cap of $383.9 billion.
Source: Coinmarketcap
This currency’s launch date is July 2015, and it is the most valuable crypto after Bitcoin. Ethereum’s Blockchain launched the first smart contract for decentralized apps. Both Ethereum and its Blockchain are developers ‘ favorites because of its potential applications.
The Ethereum Blockchain is the base for more than 1400 applications and tokens. In 2023, Ethereum changed its way of confirming transactions. This token successfully switches from proof-of-work to proof-of-stake, becoming more eco-friendly. This change makes Ethereum a better choice than Bitcoin.
While talking about the year-over-year growth, Ethereum gave a return of 58% over a year. The change in price from April 2016 to April 2024 is 27627%.
Solana
Solana launched in March 2020, Like Ethereum, Solana Blockchain is also used for the creation of Decentralized apps. This token operates on a proof-of-history, allowing this blockchain to process 65,000 per second. The smart contract fee on the Solana network is just $0.00025 per transaction
While talking about speed, Ethereum can manage 30 transactions, while Solana Block confirmation time is 400 milliseconds. Solana is capable of mass adoption, suitable for Dapps, creation of NTF, Decentralized exchanges, and P2E games.
The 3-figure token is also known as Ethereum killer, starting its journey from $0.22 and, in the blink of an eye, successfully managing to gain a market price of $260, which is it’s all-time high. Solana’s year-on-year return is 528%.
Currently, Solana is trading at a price of $136, with a trading volume of $61 billion. Solana currently falls among the top 5 cryptocurrencies in the market. Since the start of trading, Solana has seen a rise of 64,000%.
Source: Coinmarketcap
After the halving takes place, Solana‘s market is facing volatility, this is the best time to buy this token to make a healthy profit out of crypto.
Doge
Launched in 2023, as it is the first meme coin on the parody of Bitcoin. It remains popular among investors because of its simplicity. Currently, Doge is operating at a price of $0.14 with a market cap of $20.9 billion, making it the 8th largest currency in the crypto market.
Source: Coinmarketcap
Doge gains the back of X owner Elon Musk, who shows a great interest in his token and starts accepting payments for his business. Musk also faces difficultiesiny getting into a lawsuit for manipulating the price of this token. This token continues its bull journey from 2017, when it was operating at a price of $0.002. It has the potential to rise again in this crypto bull run.
This meme coin is 85% down from its ever-high price, this is the best time to buy Doge in this bull run.
Cardano (ADA)
Founded in 2017, by Charles Hoskinson, co-founder of Ethereum. It is working on a mechanism of proof-of-stake blockchain, one of the largest blockchains, that is energy efficient. ADA is trading at a price of $0.54 with a trading volume of $16.2 billion. This makes it fall into the pool of the top 10 currencies in the crypto world.
Source: Coinmarket cap
Like Ethereum, the Cardano blockchain is eco-friendly and recommended for the development of Dapps. Users can stake this token to aid in processing the blocks. With an early fall of 81% in 2022, this token doubled its price at the beginning of 2023.
ADA is successful in selling around 81% of its total supply, so there is a possible spike in the price of this token, especially after this Halving event. This is the best time to invest, as the bull run is underway.
PEPE
The most popular meme token is pumping hard this week. While trading at a price of $0.000007024 with a trading volume of $2.96 billion, nearly 2x up than the previous month.
Source: Coinmarketcap
launched on April 17, 2023, by an anonymous person, who left a little information about this coin on the official website. At the time of launch, it was only available at UniSwitch, with almost no value.
Analysts have a great feeling about the spike in its price, as the Halving event makes the crypto market volatile. Now the bull run will make this coin touch a new high.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
