Best Crypto to Buy Now April 16 – Celestia, Pepe, Fantom

Joel Frank

Last updated:

April 17, 2024 at 24:12 GMT+3

| 3 min read

What is the best crypto to buy now? Image by cryptonews.com.

With cryptocurrency markets a sea of red on Tuesday, the market continues to be on shakey ground due to concerns about Middle Eastern geopolitical tensions and the diminishing likelihood of near-term Fed interest rate cuts. Investors are thus turning to smaller and lesser-known altcoins as they hunt for the best crypto to buy today.

Bitcoin (BTC) was around $63,000, probing its multi-month range lows today. Ether (ETH), meanwhile, was holding just to the north of $3,000.

Both are down sharply from March highs, though losses are modest compared to the retracements seen by many altcoins.

While Bitcoin is down 11% in 30 days, Solana (SOL), XRP (XRP) and Dogecoin (DOGE) are each down 20%. And many smaller altcoins are down an even sharper 40-50%.

Risks remain tilted to the downside for major cryptos in the coming weeks. The halving could well be a “sell-the-news” event for Bitcoin. And an overperforming US economy means that Fed rate cuts might keep getting pushed back.

On Tuesday, Fed Chair Jerome Powell remarked that recent data shows little further progress on inflation. Of course, progress on inflation is a key requirement the Fed wants to see before cutting interest rates.

In this unpredictable environment, crypto investors will need to be selective when picking the best crypto to buy now. Here are some strong performers on Tuesday that are contenders.

Best Crypto to Buy Now.

Celestia (TIA).

Celestia (TIA) is attempting to break out of a downtrend that has been ongoing since February.

Last trading just under $11 per token, TIA is up 15% in the past 24 hours as per CoinMarketCap. TIA is up an even more impressive 44% from last week’s lows near $7.50.

If the crypto can break back to the north of $11.50 resistance, its narrative could turn bullish.

If TIA can recover to its yearly highs of around $21, that could mean a nearly 2x upside from current levels.

TIA could be the best crypto to buy now for those looking to benefit from the market’s recent dip.

Pepe (Pepe).

Another coin attempting to make a comeback on Tuesday is Pepe (PEPE). The legendary meme coin was last up 7% in 24 hours, as per CoinMarketCap.

Pepe’s technical outlook recently took a turn for the worse, however when the meme coin broke to the...

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***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!

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