Top Cryptocurrencies to Consider Buying Now – Core, Ondo, Uniswap
Cryptocurrency markets are experiencing positive momentum as the SEC approves spot Ethereum ETFs and Bitcoin (BTC) recovers to the $69,000 level. Traders are now searching for the best cryptocurrencies to buy for quick gains.
One of the top contenders is Ethereum (ETH), which has seen a 20% increase this week. However, it is still trading in the $3,700s and has not yet reached its March highs or its 2021 highs near $4,900. The approval of spot Ethereum ETFs will bring in new demand from institutional investors and provide clarity on whether Ether is considered a security. It will also serve as an endorsement of the asset by US regulators, attracting more investors and enhancing Ethereum’s position as the leading blockchain for web3 projects and developers. With the potential for new record highs, Ethereum is a strong candidate for the best cryptocurrency to buy now.
For investors seeking higher returns, they may need to consider cryptocurrencies with higher risk profiles. These are lesser-known coins with smaller market caps. Here are some top performing altcoins that could see significant growth:
1. Core (CORE):
After bouncing back from the $1.50 support zone, Core (CORE) is now testing its 50DMA at $1.97. It has recorded a 22% increase in the past 24 hours, making it the best performing coin in the top 100. Core aims to be an inclusive, decentralized, secure, and efficient web3 blockchain. If it can reach its April highs, investors could see quick 2x gains in the coming weeks.
2. Ondo Finance (ONDO):
Ondo Finance (ONDO) is reaching new record highs as bets on Ethereum ecosystem growth pour in. It is currently trading around $1.1460, with a 7% increase in the day. Ondo Finance is known for its tokenization of real-world assets (RWA), making it one of the best RWA coins to invest in. The platform’s Ondo Short-Term US Government Treasuries (OUSG) token offers a yield of 4.96% and has nearly $200 million in trade value locked. Ondo Finance’s total value locked (TVL) has recently surpassed $450 million, more than doubling since the beginning of the year. With the influx of funds into the Ethereum ecosystem, ONDO’s upside potential is significant, making it a strong contender for the best cryptocurrency to buy now.
3. Uniswap (UNI):
Uniswap (UNI), a leading decentralized exchange (DEX) protocol, is currently testing key resistance above $10. It has seen an 11% increase in the past 24 hours. The approval of Ethereum ETFs by the SEC has positively impacted Uniswap, as it signifies a shift in the SEC’s stance towards Ethereum. Previously, there were concerns that ETH would be labeled as a security. However, the ETF approvals have cleared up any doubts about Ethereum’s status. Uniswap bulls are hoping for a similar policy reversal from the SEC, as they previously received a Wells Notice. If Uniswap can break through the $10 resistance level, it could quickly retest yearly highs at $17, offering the potential for a 70% gain. This makes UNI an attractive option for investors looking for the best cryptocurrency to buy now.
Please note that cryptocurrency investments are high-risk and this article is for informational purposes only. It does not constitute investment advice, and there is a possibility of losing all invested capital.