The best cryptocurrencies to buy now on May 27th

Last updated: May 27, 2024 6:22 pm EDT | 4 minute read

Notcoin, Floki and Dogwifhat make the list of the best cryptocurrencies to buy now. Image by cryptonews.com

It was a quiet start to the week for global markets, with US markets closed for Memorial Day, but cryptocurrencies were still in good spirits, with most major coins rising on the back of presidential candidate’s pro-crypto comments of the United States and former President Donald Trump last week and traders are looking for the best cryptocurrency to buy now.

Another positive comment from Trump comes after last week’s Surprise approval of Ethereum spot ETFs by the SEC.

After reaching $70,600 earlier in the day, Bitcoin (BTC) it last traded around $69,600, up 1.5%.

Ethereum (ETH)meanwhile, it last traded near $3,900 after nearly touching $4,000 earlier in the session.

Traders will be looking for more information on the potential launch date for Ethereum ETFs in the United States this week.

Attention will also be focused on Friday’s release of US Core PCE inflation data.

Recent US macroeconomic data has eased fears that the Fed may delay rate cuts until 2025.

Friday’s data is expected to show the core PCE inflation rate falling to 0.2% from 0.3% on a monthly basis.

This could further alleviate such fears, adding further tailwinds to the cryptocurrency market. The main currencies could soon repeat their annual highs.

And Ethereum represents a potentially very cheap value opportunity right now.

At current levels below $4,000, it remains down about 25% from 2021 record highs.

This is despite Bitcoin returning above its 2021 highs and significant market maturation, which is exemplified by ETF approvals.

Regulatory uncertainty was likely a major factor holding back ETH, but last week’s ETF approval means all of this should be cleared up.

An ETH recovery trade to $5,000 could be on the cards, potentially making it the the best cryptocurrency to buy now.

However, some traders may be looking for smaller products, lesser-known altcoins with a high beta that could outperform.

Here are some strong performances from Monday that could be the best cryptocurrencies to buy now.

The best cryptocurrencies to buy now

Notcoin (NOT)

The recently launched crypto token of the viral Telegram-based play-to-earn game Notcoin (NOT) is going strong on Monday.

After rising 55% in the last 24 hours, as per CoinMarketCapNOT is now among the top 100 cryptocurrencies.

NOT’s market capitalization was approximately $850 million, at a price of approximately $0.008.

Notcoin may not stay with a market capitalization below $1 billion for long.

It has the support of the TON Foundation (it is NOT issued on the Ton blockchain). And it already has a huge user base.

In the first week following the game’s launch in January, it attracted more than 5 million players.

5 or 10x earnings per NOT are very possible. Here’s why it might be the best cryptocurrency to buy right now.

Floki (FLOKI)

The Shiba Inu Floki-themed meme coin is up 22% in the last 24 hours as per CoinMarketCap.

FLOKI’s latest blowjob will make the bulls drool. The meme coin has moved back north of a short-term uptrend channel.

This means that a short-term test of its previous yearly highs above $0.00031 is on the cards.

FLOKI could easily be the best cryptocurrency to buy now if it can maintain the bullish momentum. Source: TradingView

With a market cap currently at $2.6 billion, FLOKI could still 5x this bull market. That’s why it potentially ranks as the best cryptocurrency to buy now.

Dogwifhat (WIF)

The Shiba Inu dog-inspired meme coin, this one with a hat, dogwifhat (WIF) is also pumping on Monday.

WIF has rallied 13% in the last 24 hours, bringing it back to around $3.30.

THE memetic currency continues to rise within the confines of an uptrend channel.

A new test of the May highs around $3.70 is likely soon. And if the broader market momentum continues, a near-term return to all-time highs at $4.86 is also likely.

Like Floki, WIF also has a small market capitalization of $3.35 billion. This leaves plenty of room for a 5x upside this bull market.

WIF is another candidate for the best cryptocurrency to buy now.

Crypto Alternative to Consider – Mega Dice (DICE)

The above coins could easily see 5-10x gains in this cryptocurrency bull market.

But some highly risk-averse investors looking for even more upside potential should take a look pre-sale investments.

New crypto projects often sell their tokens at a discount to early investors while raising development funds.

If pre-sale investors can identify good projects that end up gaining traction in the market, they can make huge profits.

A project that Cryptonews analysts are big fans of is Mega Dice Casino.

This already established crypto casino has launched a pre-sale of its utility token, DICE, and has already raised $1.25 million.

DICE holders get great cashback benefits on their bets and can generate passive income through DICE staking.

The crypto casino is also hosting a $750,000 airdrop to reward early pre-sale investors

Potential investors may want to act quickly, as DICE’s price will rise once the $2 million mark is reached.

Mega Dice is also using a referral scheme.

Check out the Mega Dice Casino presale

Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.

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