Best Crypto to Buy Now May 20 – Fantom, Injective, Sui
As cryptocurrency markets push higher on Monday, with Bitcoin (BTC) surpassing $68,000 as traders look ahead of this week’s Fed meeting minutes release, Nvidia earnings and the SEC’s decision on spot Ethereum ETFs, investors are hunting for the best crypto to buy now that might hand them quick gains.
Mood at $68,000 #Bitcoin today pic.twitter.com/fIBrDUcGny
— Bitcoin Munger (@bitcoinmunger) May 20, 2024
While upcoming risk events could scupper sentiment, crypto markets maintain strong momentum amid macro tailwinds and following technical breakouts.
Bitcoin just pushed convincingly above late-April highs. Back above all of its major moving averages, the next upside target for Bitcoin is its April highs at $72,800.
Having found support at its 2024 uptrend, Ether (ETH), meanwhile, is looking to break above key resistance around $3,150-3,200.
That could open the door to a quick run higher towards $3,700.
Solana (SOL), meanwhile, has been enjoying strong momentum ever since breaking out of its mid-April to mid-May $120-$160 range. A return above $200 in the near future is very likely.
While blue-chip cryptocurrencies look set to do very well in the short term, some impatient traders are hunting even faster gains.
Smaller and lesser-known altcoins with lower market caps stand a better chance of deliver quick 2x or more gains.
Let’s have a look at some candidates for best crypto to buy now.
Layer-1 blockchain competitor to Ethereum and Solana Fantom (FTM) is pumping hard on Monday, up 13.5% in 24 hours.
That’s according to CoinMarketCap, which puts its market cap at $2.68 billion.
Since breaking resistance around $0.80, FTM looks set up for a quick retest of its 2024 highs around $1.23.
If this is the start of a new push higher, FTM could
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