Best Crypto to Buy Now April 17 – Injective, Sui, BGB

Joel Frank

Last updated:

April 18, 2024 at 24:31 GMT+3

| 2 min read

Bullish momentum returns to the cryptocurrency market as prices start pushing upward. What is the best crypto to buy now?

On another bearish day in the crypto market that saw Bitcoin (BTC) knocking on the door of the $60,000 level and Ether (ETH) at the $3,000 level, crypto investors are scouring altcoin markets for coins that might be the best crypto to buy now.

The near-term outlook for major cryptocurrencies is downbeat due to recent bearish macro developments. Additionally, the upcoming Bitcoin halving has the potential to be a “sell-the-news” event.

So investors need to be more selective if they are to increase the likelihood that they bag near-term gains.

Here are some outperforming altcoins on Wednesday that could be the best crypto to buy now.

Best Crypto to Buy Now.

Injective (INJ).

Decentralized trading protocol Injective (INJ) is trying to stage a rebound following its recent sharp price dip.

INJ was last changing hands just above $27.50 and eyeing a rebound to resistance around $30.

A break above here could open the door to a push higher back to record highs above $52.

Despite declining nearly 50% from its recent highs, INJ is still up around 27x versus its 2022 lows.

A modest market cap of $2.5 billion leaves plenty of room for future growth. 5-10x gains remain a possibility in this bull market.

Sui (SUI).

The high-performance proof-of-stake layer-1 blockchain Sui ($SUI), which launched in May 2023, is attempting to rebound on Wednesday.

According to CoinMarketCap, SUI last changed hands around $1.30 after pumping 12% in the past 24 hours.

The pump comes after Sui announced a partnership with BytePlus, the technology arm of ByteDance, which owns TikTok.

The crypto went as high as $2.18 at the end of March but has since dropped by 40%. Investors now have a great opportunity to buy the dip.

With a still modest fully diluted market cap of around $12 billion, Sui could yet see 5x gains. That could make it the best crypto to buy now.

Bitget Token (BGB).

Centralized cryptocurrency exchange Bitget’s native token Bitget Token (BGB) is pushing back towards record highs.

Last at $1.24, BGB is up over 8% in 24 hours, up 11% from weekend lows. That leaves the token only around 10% down versus the record highs it hit earlier this month near $1.40.

With a modest...

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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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