Best Crypto to Buy Now Amid Market Volatility: Fantom (FTM), Toncoin (TON), Ethena (ENA)
The cryptocurrency market is experiencing a downturn, with major cryptocurrencies like Bitcoin and Ether seeing a 4% drop in the past 24 hours. However, traders are now looking for the best crypto to buy now in order to make quick gains.
Bitcoin is currently trading just below $69,000, while Ether is back near $3,500. Other cryptocurrencies like BNB, Solana, and Dogecoin have also seen a decrease in value ranging from 2-7% over the same time period.
The market’s bearish price action is reflective of the recent rangebound trading conditions in the crypto market. With the upcoming April 20 Bitcoin halving, there is a lack of conviction that prices will surge higher, leading to increased sell pressure in the market.
Some traders believe that the halving event could result in a “sell-the-news” scenario, making aggressive buying ahead of the halving less appealing. Additionally, factors like US tax payments and Fed tightening are expected to create short-term headwinds for the market.
In light of these concerns, traders are now looking towards altcoins with better prospects for potential gains. Fantom (FTM), Toncoin (TON), and Ethena (ENA) are among the top performers on Tuesday and are considered the best crypto to buy now.
Fantom (FTM) has shown strong bullish momentum, with a potential retest of its 2024 highs above $1.20. Toncoin (TON) has surged to fresh all-time highs and is expected to see further gains, especially with its affiliation with Telegram. Ethena (ENA) has hit record highs and remains a popular choice in the crypto market.
For those looking for alternative investment options, crypto presales offer a high-risk, high-reward strategy. Investing in upstart crypto projects during their presale stage can lead to exponential gains for early investors.
While crypto investments come with high risk, the potential for significant gains is attracting traders to explore new opportunities in the market. As always, it’s important to conduct thorough research and consider the risks involved before making any investment decisions in the cryptocurrency space.
