Best Crypto to Buy Now April 22 – Pepe, NEAR Protocol, Pendle
As Bitcoin (BTC) holds to the north of $66,000, up 2.5% in the past 24 hours, and other major cryptocurrencies gain ground, crypto investors are scouring the altcoin markets for the best crypto to buy today.
Traditional asset markets stabilized on Monday as traders look ahead to Friday’s key US inflation data release. The SPX has bounced above 5,000, the DXY is going sideways around 106 and 10-year yields are flat at 4.6%.
Stabilization in the macro backdrop has allowed Bitcoin and major altcoins to continue their post-halving positive momentum.
Assuming macro doesn’t become a major near-term market headwind again, BTC could soon recover to recent highs.
That could mean a near-term upside of over 10% for the world’s largest cryptocurrency.
Post-halving miner sell pressure may be higher than usual as miners adjust to lower revenue. Some think that could prevent BTC from breaking fresh record highs in the coming months.
But, in the long run, the combination of lower BTC inflation and ongoing demand for spot Bitcoin ETFs is bullish.
Only 450 #bitcoin is mined daily.
For 64 of the past 70 trading days, Blackrock has taken in more than 450 BTC by itself.
Do with that information what you must.
— Julian Fahrer (@Julian__Fahrer) April 22, 2024
Add into the mix that the Fed is likely to begin cutting interest rates before the end of 2024.
The recipe for BTC hitting $100,000 in 2024 is there. For investors new to crypto, Bitcoin is definitely the best crypto to buy now. That’s not only because of its positive outlook.
It’s also the oldest, most trusted, most famous, most widely adopted, and most understood crypto in the market.
But investors looking to secure quick exponential gains will need to find smaller, lesser-known altcoin gems.
Here are
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