Best Crypto to Buy Today May 6 – Ethena, Jupiter, Solana
With major cryptocurrencies choppy on Monday as traders assess the durability of the recent strong rebound from last week’s multi-week/month lows, traders are scouring the altcoin markets for the best crypto to buy today for fast gains.
Bitcoin (BTC) was last changing hands just above its 21DMA in the upper $63,000s, having rallied to $65,500 earlier – more than 12% rebound from last week’s mid-$56,000 lows.
And that rebound comes amid a sudden resurgence of inflows into spot Bitcoin ETFs last Friday.
As per data presented by The Block, net inflows totaled $378 million, the highest in over a month.
Even GBTC saw an inflow of $63 million, its first since converting into a convertible spot ETF.
Coupled with the strong price rebound, the news has conveyed that dip-buying demand for BTC is strong.
In a weekend note, Bernstein analysts reiterated their prediction that Bitcoin will reach $150,000 by the end of 2025.
According to the analysts, the recent pullback “cleaned up the excess leverage on futures contracts on crypto exchanges.”
“Metrics indicate a healthy cycle, still in its early stages… Risk-reward here remains attractive,” they added.
For what it’s worth, open interest in the Bitcoin futures market has seen a substantial fall from earlier yearly highs.
As per coinglass.com, open interest is at $29.17 billion, versus over $36 billion in late March.
Bitcoin could still increase more than 2x from current levels, making it the best crypto to buy today.
But for impatient traders looking to make faster gains, altcoin markets might be a more attractive investment option.
While Bitcoin could easily 2-3x this bull market, many smaller and lesser-known altcoins might post 10x or more upside.
Here are some strong-performing altcoins on
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