Bitcoin (BTC) has demonstrated significant upward momentum recently, breaking out of its consolidation triangle as it currently trades at $63,717, surging by almost 12% over the last seven days. Several bullish drivers have been identified for this recent price movement.
The weakening US Dollar, influenced by slowing inflation and high expectations of a Federal Reserve rate, has also played a significant role.
Additionally, Ethereum (ETH) is experiencing significant positive momentum following the U.S. Securities and Exchange Commission’s (SEC) preliminary approval of spot Ethereum ETFs for BlackRock, Franklin Templeton, and VanEck.
At press time, Ethereum is trading at $3,405, marking an 11.08% increase from last week’s low. This surge is attributed to growing investor optimism about the ETF launches and their potential to attract institutional capital.
Given that all the alternative cryptocurrencies (altcoins) we’d be examining best crypto to buy today on the Ethereum network, it is worth knowing that Ethereum price action also plays a role in their market trajectories.
Pepe ($PEPE)
Pepe ($PEPE) is a popular frog-themed meme token that has gained significant traction in recent weeks.
Originating from internet meme culture, the $PEPE token stands out as the best crypto to buy and has become a symbol of the playful and speculative nature of the cryptocurrency market.
At press time, $PEPE is trading at $0.0000118, marking a 23.3% increase over the past 24 hours, backed by a substantial trading volume of $2.2 billion.
However, it is currently trading 30.67% below its all-time high (ATH) of $0.00001718, achieved two months ago.
$PEPE has flipped $BNB in daily volume and $BNB has a market cap 17x higher than the frog pic.twitter.com/mR64JlrKJz
— Brian Garrett (@BrianGarrett) July 16, 2024
Pepe’s relative strength index (RSI) is holding at 69.88, suggesting it’s in an overbought zone.
MANTRA ($OM)
MANTRA ($OM) is a decentralized finance (DeFi) platform that focuses on staking, lending, and governance.
Built on the Ethereum ecosystem, MANTRA aims to give financial control back to the people through community governance and decentralized decision-making.
The $OM token’s significant price increase of 11.3% to $1.34 over the past 24 hours indicates strong market participation and liquidity.
$OM really had the most insane PA of this cycle.
Another ATH.
This is probably what we wish our other shitcoins would eventually look like later this cycle but it probably won’t pic.twitter.com/cNLkXKhGQT
— Devchart (@devchart) July 16, 2024
Nevertheless, the token is still trading 1.12% below its ATH of $1.33, reached two hours ago
The RSI of 84.98 calls for caution as the token just reached a new all-time-high
Floki ($FLOKI)
Elon Musk’s Shiba Inu dog inspired Floki ($FLOKI). Despite its playful origins, Floki aims to develop a comprehensive ecosystem, including an NFT marketplace and a decentralized finance platform.
At press time, the $FLOKI token trades at $0.000185, up 12.79% in the last 24 hours. This aligns with its market RSI, which has risen from 67.52 to 67.64, indicating a potential move towards overbought territory.
Well well well…$FLOKI @RealFlokiInu
Spike from the green box and target of $0.001 Is still in hands…
I told you guys don’t fade FLOKI just yet as it is a top 3 gaming crypto and one of the biggest meme coins to date
I’m a buyer and I’m expecting big numbers this cycle pic.twitter.com/gC0vHvdrLN
— TraderSteve_ (@TraderSteve_) July 16, 2024
The ongoing development and adoption of its ecosystem are expected to drive further utility and potential price appreciation for Floki.
Crypto Presales Present the Best Alternatives
While the aforementioned crypto assets are some of the best crypto to buy now, owing to their price action, investors seeking opportunities with lower entry points may find crypto presales attractive. This is because crypto presales offer discounted token prices before official exchange listings, potentially yielding favorable returns.
However, these presales carry inherent risks, including the possibility of being used for fraudulent activities.
Investors are encouraged to conduct thorough research and exercise caution to mitigate the risks of trading cryptocurrencies.
14 Best Crypto Presales to Invest In Now
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