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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
Bitcoin (BTC) bears are in control of the market on Tuesday and, with other altcoins also mostly in the red, investors are busily scouring the market on the hunt for the best crypto to buy now to benefit from the market dip.
Per CoinMarketCap, the likes of Ethereum (ETH), Solana (SOL), BNB (BNB) and XRP (XRP) were all down between 4-7% in the past 24 hours.
Profit-taking initially triggered the pullback, though the liquidation of overly eager bulls with leveraged long positions could now be driving the move.
Per CoinGlass, futures positions worth nearly $600 million were liquidated in the past 24 hours.
Bitcoin bulls are now eyeing where might be the best place to jump back into the market.
A dip below $90,000 is a strong possibility but might be eaten up quickly, setting up the prospect of a push above $100,000 next month.
With Bitcoin potentially set to charge above $100,000 in 2025, its a strong candidate for the best crypto to buy now.
But Bitcoin breakouts like we have seen in the last few weeks often proceed the start of a new alt-coin season.
Bitcoin’s dominance, last around 58.7%, could be about to start trending lower again after moving higher consistently for nearly two years.
That would imply a stunning altcoin pump could be around the corner. Plenty of undervalued altcoin plays could soon pump 5-10x.
Here are some strong-performing altcoins on Monday that might be the best crypto to buy now.
Best Crypto to Buy Now – Which Are They?
Injective (INJ)
DeFi-focused blockchain protocol Injective (INJ) is a strong performer on Tuesday, rising above $30 for the first time since June.
The altcoin is eyeing a retest of its summer highs in the $33, with a break above here set to potentially trigger a rally back to yearly highs in the $53 area.
INJ’s strong momentum despite the broader market’s bearishness suggests that when the broader market does rebound, INJ could be in the driving seat to really explode. As a result, it’s a strong candidate for best crypto to buy now.
Fantom (FTM)
Fantom (FTM) is showing similar strong momentum, having risen 9% in the past 24 hours per CoinMarketCap to above $1.0.
FTM is very close to testing the highs it hit back in March above $1.20, a break above here having the potential to trigger a swift return to record highs in the $3.20 area.
The prospect of quick 3x gains means FTM is a strong candidate for best crypto to buy now.
Pepe Unchained (PEPU)
Despite the broader market’s dip, the exciting new meme coin Pepe Unchained (PEPU)’s presale momentum has remained exceedingly strong.
The presale has now surpassed $53 million, with the $PEPU launch in 16 days set to rank as one of 2024’s biggest and most explosive token launches.
With meme season currently in session, it’s a perfect time for a major new meme coin launch.
Pepe Unchained, an innovative meme-focused Ethereum layer-2 scaling solution, is currently available at a market cap of around $100 million.
But in light of its blockbuster presale success and the huge hype surrounding the token launch that is growing across social media, $PEPU is showing all the signs of being a future multi-billion token. That suggests it’s a strong candidate for best crypto to buy now.
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.
