Best Crypto to Buy Now April 25 – Wormhole, Bonk, Pepe

Joel Frank

Last updated:

April 25, 2024 at 22:42 GMT+3

| 3 min read

Best Crypto to Buy Now April 22 – Wormhole, Bonk, Pepe

As major cryptos consolidate above earlier session lows, with Bitcoin (BTC) close to $64,000 and Ether (ETH) close to $3,150, traders looking for the best crypto to buy now are scouring altcoin markets for top gainers.

Blue-chip cryptocurrency markets are trading down on the week. Spot Bitcoin ETF demand has continued to decelerate, with BlackRock’s IBIT experiencing zero inflows for the first time on Wednesday.

And the latest US GDP report has just pushed US yields back to multi-month highs. That’s because the inflation component of the report was hotter than expected, weighing on Fed rate cut bets.

As per the CME, the odds of no interest rate cuts before September jumped 10% to over 40%.

While major cryptos like Bitcoin and Ether are trading flat over 24 hours, according to CoinMarketCap, this is potentially bearish.

Should Friday’s US Core PCE inflation report get hotter than expected, major cryptos could soon retest recent lows.

Additionally, fading ETF demand and continued post-halving selling from miners could see Bitcoin drop to $50,000.

That suggests that, for short-term investors, it probably isn’t the best crypto to buy now.

Investors hunting for fast returns will instead need to turn to the altcoin market.

Smaller and lesser-known altcoins can pump regardless of broader market conditions if they have a strong bullish narrative.

Here are some strong performers on Thursday that could be the best crypto to buy today.

Best Crypto to Buy Today.

Wormhole (W).

Multi-chain protocol Wormhole (W), which facilitates the movement of assets and data between blockchains, is pumping on Thursday.

As per CoinMarketCap, Wormhole went up over 20% in 24 hours, reaching $0.66. Its market cap, meanwhile, was last around $1.2 billion.

First launched at the start of the month, W is still down sharply from its post-ICO highs.

W reached nearly $2 on Binance previously. The token has since seemingly found a floor around $0.50.

And its latest rebound may see it break out of its two-week range. This could open the door to a fast run higher towards $2 once again.

The prospect of 4x gains suggests W could be the best crypto to buy now.

Bonk (BONK).

Since snapping its recent downtrend, leading Solana meme coin Bonk (BONK) continues...

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