Best Crypto to Buy Now April 23 – Hedera, Akash Network, Pepe

Last updated: April 23, 2024, 8:49 p.m. EDT | 3 minutes of reading

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

On a quiet day in the crypto market, where most major coins fluctuated in recent ranges, impatient traders looking for quick gains are turning to smaller, lesser-known altcoins that could be the best . best crypto to buy now.

Bitcoin (BTC) last traded in the $66,000s, virtually flat over the past 24 hours according to CoinMarketCap.

Ether (ETH), meanwhile, was just above $3,200, while Solana (GROUND) and BNB (BNB) rose by 2% each.

It was a risk on the day in traditional markets, as the S&P 500 rallied more than 1% on strong earnings.

This could help keep a floor under crypto prices before US PCE core inflation data from Friday.

If this data shows that inflation pressures remain stable month-on-month in March, at the expected level of 0.3%, it could allay fears that the Fed would not potentially cut interest rates in 2024.

For now, Bitcoin is trading well within its six-week range between $60,000 and $74,000.

Bitcoin Halving tend to only become favorable a few months after the event. With Fed rate cuts still seemingly far away and spot ETF inflows slowing to a crawl, BTC could remain rangebound.

But most assume that the Bitcoin bull market still has a way to go. Crypto investors should use the current consolidation seen in the market as an opportunity to accumulate.

As the oldest, most well-known, most trusted and most secure crypto, Bitcoin is definitely the best crypto to buy right now.

However, investors who already have a large Bitcoin allocation and are looking for higher returns might prefer altcoins.

With most altcoins falling from previous yearly highs, the current market could provide a great dip buying opportunity.

Here are some altcoins trading with strong momentum that could be the best crypto to buy now.

Best Crypto to Buy Now

Hedera (HBAR)

HBAR, the token that powers the decentralized, open-source, proof-of-stake Hedera public ledger, rallied on Monday.

It was last up 40%. in 24 hours, according to CoinMarketCap, and was last trading around $0.1260.

The HBAR pump intervenes at the moment when BlackRock tokenized one of its funds on the blockchain.

Despite its momentum, HBAR has yet to surpass its March highs of around $0.14.

News of BlackRock’s adoption of blockchain could propel HBAR much higher.

This could be a cry for new all-time highs above $0.58 – quick gains of 5x for HBAR, ranking it as potentially the best crypto to buy now.

Akash Network (AKT)

Decentralized computing resource network Akash Network (AKT) was another crypto that saw big success on Tuesday.

AKT hits new records above $7 following its listing on the South Korean exchange Upbit.

It has since fallen back to around $5.09, but is still up 27% in 24 hours, according to CoinMarketCap.

With its market capitalization still low, around $1.2 billion, AKT could still go much higher. Some have said this could be one of the main beneficiaries of the AI ​​discourse.

So, AKT could be the best crypto to buy today.

Pepe (PEPE)

Most Popular Non-Shiba Inu Dog Themed Meme Piece Pepe (PEPE) pumps hard on Tuesday.

At $0.0000077, Pepe is up almost 2x from its previous monthly lows.

This rise comes after Pepe broke a downward trend from its March 2024 highs.

After breaking its recent downtrend, Hedera could be the best crypto to buy now. Source: TradingView

Pepe could soon climb back above $0.000010. The prospect of quick gains means Pepe could be the best crypto to buy now.

Crypto Alternatives to Consider

Emerging crypto projects often seek funding through pre-sales, offering early investors the opportunity to acquire tokens at discounted prices. The lure of potential gains attracts those who are willing to face the inherent risks associated with early-stage businesses.

Careful evaluation of pre-sale projects is crucial to mitigate risks and make informed investment decisions. Key considerations include the team’s expertise, the project’s vision and roadmap, and the technology underpinning the project.

Participating in crypto presales presents both potential rewards and inherent risks. The early-stage nature of these projects, coupled with the volatility of the cryptocurrency market, requires a balanced and informed investment approach.

The Cryptonews team spends a lot of time going through pre-sale projects to help investors.

Here is a list of 19 of what the project considers to be the best crypto presales of April.

See the 21 best crypto presales of April

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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