Best Crypto to Buy Today – Ethereum Name Services, Helium, Pepe
As crypto market s decline on the latest reports of Mt Gox Bitcoin reimbursements and traders monitor Ethereum ETF trading volumes on launch day, investors are parsing through alt-coin markets as they look for the best crypto to buy today.
Kraken reportedly began distributing Mt Gox BTC tokens to claimants on Tuesday, per reports on social media.
Kraken started distributing Gox coins pic.twitter.com/cOxXQaC5p0
— punch (@Punch0x1) July 23, 2024
This sent Bitcoin (BTC) around 2% lower to the $66,000 area. Other major alt-coins also faltered, with Solana (SOL) and XRP (XRP) dropping 3-4% in the past 24 hours.
Ethereum (ETH), meanwhile, was roughly flat just under $3,500, per CoinMarketCap.
Ethereum ETFs went live in the US on Tuesday. And launch day appeared to be a reasonable success, with over $1 billion in trading volumes.
JUST IN – Ethereum ETF trading volume hits $1 billion! pic.twitter.com/drWOUoWUG7
— Altcoin Daily (@AltcoinDailyio) July 23, 2024
With major cryptos trading in subdued fashion, investors are turning to alternatives that might deliver faster gains.
Here are some strong performing altcoins that might be the best crypto to buy today.
Ethereum Name Services (ENS) was last up 12% in the past 24 hours, as per CoinMarketCap.
The rally is potentially a result of the launch of Ethereum ETFs, which are expected to bring new liquidity into the Ethereum ecosystem. ENS could be a key beneficiary of this.
The ENS bounce could also be as a result of the crypto bouncing from its 50DMA, again.
The 50DMA has been providing strong support in recent weeks.
As ENS continues to probe key long-term resistance in the $30 area, it could be the best crypto to buy today.
That’s because, if it can muster a clean break
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