Major cryptocurrencies are trading with a bearish bias, with Bitcoin and Ether both experiencing losses on Friday. The US dollar and US government bond yields also remain high, indicating inflation pressures. With the macro backdrop being a headwind for crypto assets, investors are looking for the best altcoins to buy, considering the risk of Bitcoin falling below $60,000. Despite this, some cryptocurrencies are showing strong performance on Friday, potentially making them the best options to buy now.
Litecoin (LTC) is one of the top performers despite the overall market weakness. Trading above its 21-day moving average at around $88, LTC has shown a 25% increase from earlier monthly lows. With a 5% gain in the past 24 hours, Litecoin is considered one of the top crypto gainers on Friday. If LTC can break above the $60-$115 range it has been locked in since the start of 2023, it could see a return to its 2021 highs around $300, potentially offering 3.5x gains in the current bull market.
Neo (NEO), the cryptocurrency of the smart contract blockchain NEO, is experiencing positive performance on Friday. With a 5% increase in the past 24 hours, NEO is trading around $20 per token. The rally has lifted its market cap to $1.3 billion, still significantly below its previous peaks. Given its price history, NEO has the potential to post exponential gains from its current levels, possibly reaching 5x in the current bull market, making it a strong candidate for the best crypto to buy now.
Ethereum Classic (ETC), the unforked version of the original Ethereum blockchain, is also showing promise on Friday. With a 4% increase in 24 hours and trading near $28, ETC is attempting to push higher after breaking below its 2024 uptrend. Speculative in nature, ETC has the potential to reclaim previous peaks, having reached highs of $175 in 2021, up 6.5x from current levels. As hype and irrational investor behavior increase in the market, ETC could see significant gains, making it a good option for the best crypto to buy now.
For investors seeking even stronger near-term gains, considering high-risk, high-reward investment strategies like crypto presales may be beneficial. The team at Cryptonews.com has compiled a list of what they consider to be the best crypto presales of April. It is essential to note that crypto is a high-risk asset class, and this information is provided for informational purposes and does not constitute investment advice. Investors need to be cautious and aware of the risks involved, as they could potentially lose all of their capital.
