Best Crypto to Buy Now May 21 – Pepe, Arbitrum, Uniswap
As hype builds that spot Ethereum ETF approvals in the USA might be imminent and Ether pushes to fresh two-month highs above $3,800, traders are hunting for the best crypto to buy now that might hand them the quickest gains in the current market environment.
Multiple potential Ethereum ETF issuers submitted amended 19b-4 applications on Tuesday.
UPDATE: It's happening. We have at least 5 of the potential #Ethereum ETF issuers that have submitted their Amended 19b-4's in the last ~25 min.
Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, & Franklin all submitted via CBOE. pic.twitter.com/pHGt8iRWi8
— James Seyffart (@JSeyff) May 21, 2024
And some tickers are already being listed on the DTCC.
VanEck SPOT ETHEREUM ETF (ETHV) is now on the DTCC website.
Let the next crypto tally begin. pic.twitter.com/eNP5IIJY5Y
— Digital Asset News (@NewsAsset) May 21, 2024
Bitcoin (BTC) was last trading a little lower in the past 24 hours around $70,200. Solana (SOL), meanwhile, dipped 4% back under $180.
Attention will shift momentarily to the macro backdrop when the Fed releases the minutes of its April meeting on Wednesday.
But Ethereum ETF newsflow will likely continue to dominate the headlines this week. That potentially leaves the market with significant near-term upside risks.
Imagine Ethereum ETFs get approved and launched, and then demand is stronger than expected. That’s what happened with Bitcoin ETFs earlier this year.
Ethereum could be about to launch back above $4,000. Even though its up 35% up versus recent lows, ETH could still be the best crypto to buy now.
That being said, some traders are hunting higher beta plays.
Here are some strong-performing altcoins that might offer even greater upside potential than Ethereum.
Pepe (PEPE) has
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