Best Crypto to Buy Now April 8 – Neo, Dogwifhat, Toncoin
As Bitcoin (BTC) eyes a retest of its 2024 highs following a 3.5% push higher on Monday back to the $72,000 area, crypto investors are anticipating that the crypto market might be about to heat back up once again and are hunting for the best crypto to buy now.
A triangle pattern break-out on Monday has some analysts betting that Bitcoin could soon pump towards $80,000.
Prior to Monday’s bullish breakout, 10x Research founder Markus Thielen had recommended clients to buy at $69,000 with a stop loss at $65,000, targeting a push towards $80,000 in the weeks ahead.
Attention now turns to the release of US CPI inflation data later in the week. Bitcoin has held up well recently despite the market’s paring back on rate-cut bets.
Fed policymakers have been downplaying the need for rate cuts recently in wake of strong US economic data.
But the Bitcoin bulls have remained in control, amid continued elevated risk-taking across financial markets. Bullish narratives such as continued net positive inflows into spot Bitcoin ETFs and the upcoming halving have also helped.
Bitcoin remains on course to potentially touch $100,000 this year. For investors just getting started in crypto, Bitcoin is certainly a candidate for best crypto to buy now.
But if Bitcoin is about to take a leg higher, higher beta altcoins could surge. For more experienced crypto investors looking to up their risk, altcoins could deliver faster gains.
Here are some strong performers on Monday that could be the best crypto to buy now.
Neo (NEO), the cryptocurrency of the up-and-coming smart contract blockchain NEO, is pumping on Monday.
As per CoinMarketCap, it was last up 33% in the past 24 hours to $20.50 per token. That lifted its market cap to just under $1.5 billion.
That’s
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