Best Crypto to Buy Now April 12 – BTT, CRO, BNB

Last updated: April 12, 2024, 1:33 p.m. EDT | 4 minutes of reading

Dogecoin, Shiba Inu and Pepe are on the shortlist of best cryptocurrencies to buy now. Image from cryptonews.com

As blue-chip cryptocurrencies consolidate in recent ranges, with Bitcoin (BTC) continuing to oscillate either side of $70,000, traders and investors are looking for the best crypto to buy now on the market altcoin that could offer the prospect of quick gains.

Major cryptocurrencies have been indecisive this week as traders evaluate different themes.

Bitcoinlast in the upper $68,000 range, has fluctuated between a low of around $67,500 and a high of around $72,500 this week.

Traders continue to monitor themes such as easing GBTC outflows, the prospect of a spot Bitcoin ETF approvals in Hong Kong, US economic data hotter than expected fending off Fed rate cut bets and next week’s reduce by half event.

A short-term decline in Bitcoin market following the halving. But technical data paints an optimistic picture for BTC.

Bitcoin has consistently posted higher lows in recent weeks. During this time, its price continued to reach $70,000.

Bitcoin to $80,000 next?

This means that Bitcoin is forming a bullish ascending triangle structure. Such structures usually form before bullish breakouts.

If Bitcoin wants to convincingly break north of its current 2024 high near $74,000, $80,000 could be next.

Bitcoin could be the best crypto to buy now as it threatens to hit $80,000 / Source: TradingView

Bears could regain control and send Bitcoin back to the all-time low of $60,000 or even $50,000. But such a retracement would not break the thesis that BTC remains in a bull market.

Throughout its history, a few months later reduce by halfBitcoin has always reached new records.

Add to this image that the The United States continues to run a large deficitthat rate cuts will happen sooner or later, that ETF Application should continue to act as a long-term tailwind, and that the 2024 presidential election could see the The US political and regulatory landscape is moving in a more pro-crypto direction$100,000 remains on the cards for later this year.

For investors looking to get involved in crypto, Bitcoin has to be one of the best cryptocurrencies to buy right now.

But some investors looking for potential gains greater than 2x will look to smaller, lesser-known stocks. altcoins.

Indeed, many altcoins could post gains of up to 5 to 10 times this bull market.

Here are some good results on Friday that could be the best crypto to buy now.

Best Crypto to Buy Now

BitTorrent (BTT)

BitTorrent (BTT) is one of the few cryptos trading in the green on Friday as the price of BTC falls.

It was up 6.5% in 24 hours, according to CoinMarketCapand trading in the $0.0000015 range.

And BTT’s gains could accelerate. The cryptocurrency appears to have formed an ascending triangle. A break above resistance could see it rise towards $0.0000022.

BTT’s gains could accelerate, potentially making it the best crypto to buy now / Source: TradingView

As a result, in an overall bear market, BTT might be the best crypto to buy right now.

Cronos (CRO)

Crypto.com’s EVM-enabled Cronos (CRO) blockchain is another crypto that held up well on Friday.

This was the latest trade with gains of around 2% in the past 24 hours, close to $0.15, according to CoinMarketCap.

Its low market capitalization of less than $4 billion, despite its connection to one of the world’s largest crypto exchanges, suggests there is still plenty of room for growth in this bull market.

With 5x gains possible, CRO could be the best crypto to buy now.

BNB (BNB)

The world’s fourth-largest crypto BNB (BNB) also performed well on Friday, also up 2% in 24 hours.

According to CoinMarketCapBNB last traded just above $610, with a market cap hovering around $91.5 billion.

Like Bitcoin, BNB is forming an ascending triangle and could be about to skyrocket. Its record highs around $700 could soon come into play.

Like Bitcoin, BNB is forming an ascending triangle and could be about to skyrocket. Its record highs around $700 could soon come into play. So this could be the best crypto to buy now / Source: TradingView

BNB could therefore be the best crypto to buy right now.

Crypto Alternatives to Consider

All of the coins above offer investors the opportunity to potentially make quick gains.

But some traders are looking for much faster gains than the major altcoins can offer.

These traders often turn to shit markets, looking for a quick 10x. But these markets are rife with scams and pump-and-dump schemes.

A potentially much better way to make quick exponential gains in crypto is to invest in crypto presales.

Future web3 projects often sell their native token at a deep discount to early investors to fund development.

If crypto investors can identify projects with a great use case, vision, and capable team, they may be able to trade their presale tokens for a significant premium at a later date, assuming the project gains traction. ground.

But with so many presales vying to attract investor funds, it can be difficult to know where to look first.

Fortunately, Cryptonews analysts spend a lot of time scouring the presale market for promising projects.

Here are their 18 favorite presales of the moment.

See all 18 Crypto Presales

You can also watch this video from Crypto Arjay of Cryptonews who discusses some of the best presales around.

Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.

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