Traders are rotating out of Bitcoin (BTC) and into altcoins on Monday as they look for the best crypto to buy now that might deliver quick gains.
Bitcoin came within a whisker of hitting $100,000 last week, but profit-taking activities have since driven the market back down to around $96,000.
However, the mood in the rest of the crypto market remains upbeat, especially in wake of last week’s news that anti-crypto SEC Chair Gary Gensler is stepping down in January, and that US President-elect Trump picked pro-crypto hedge fund manager Scott Bessent as Treasury Secretary.
That’s all very much in fitting with the narrative that a massive pro-crypto regulatory shift is underway in the US, a theme that has driven the crypto markets to massive gains this November.
While Bitcoin was last down around 1% in the past 24 hours, per CoinMarketCap, Ethereum (ETH) was up over 4% over the same time period.
Most other major altcoins, except for maybe Solana (SOL), BNB (BNB), Tron (TRX) and Dogecoin (DOGE) were also trading with strong gains.
In the wake of its recent pullback, Bitcoin is a strong candidate for best crypto to buy now. The chances of a breakout above $100,000 heading into 2025 remain very high.
Bitcoin’s post-US election rally is perfectly in fitting with historical trends, which point to a major bullish breakout 6-12 months after each halving.
How high Bitcoin might go remains up for debate, but the prospect of potentially at least another 50% in upside from current levels in the next 6 months makes it a great addition to most portfolios.
That said, some experienced crypto traders will be looking for altcoins with higher upside potential.
Here are some strong performers on Monday that could be the best crypto to buy now.
Best Crypto to Buy Now
The Sandbox (SAND)
Metaverse game The Sandbox (SAND) is up 30% in the past 24 hours, per CoinMarketCap, taking its gains since last Friday to around 90%.
After nearly reaching $0.90 earlier in the day, SAND just hit its highest levels since early 2023.
SAND was trading in the $0.20s earlier this year, with the badly beaten down coin down around 98% at the time from its 2021 all-time highs.
But as crypto traders anticipate that a new alt-season might be around the corner, SAND is getting attention as a potentially undervalued play.
If it was able to recover back to its 2021 record highs, that would mark more than 10x gains from current levels.
For those looking to gain exposure to the meta-verse/gaming narrative, SAND could be the best crypto to buy now.
Lido DAO (LDO)
Ethereum staking protocol Lido (LDO), meanwhile, is another strong performer on Monday, having gained around 20% in 24 hours per CoinMarketCap.
LDO was last just under $1.70, having broken to the north of its 200DMA for the first time since early 2024.
The crypto has also burst above key support-turned-resistance in the $1.40 area, meaning the charts are sending a very bullish signal right now.
LDO could easily 3x in the coming weeks to hit new yearly highs. That suggests its a strong candidate for the best crypto to buy now.
Uniswap (UNI)
Crypto’s best-known DEX protocol Uniswap (UNI) hit fresh six-month highs above $12 on Monday, taking its gains from monthly lows to close to 100%.
UNI was badly hurt in 2023 and 2024 amid US regulatory uncertainty, which culminated in Uniswap Labs receiving a Wells Notice from the SEC earlier this year.
That means UNI could be one of the biggest beneficiaries of the anticipated pro-crypto shift in the US when the Trump administration takes over in the White House in January.
UNI could soon 4x to test its 2021 record highs, making it a strong candidate for the best crypto to buy now.
Alternatives Options for Best Crypto to Buy Now
The above-noted altcoins could all post between 5-10x gains this bull market.
That being said, some crypto traders will be targeting even greater upside as they chase riches.
One of the best ways to generate outsized returns is to get into a new presale before it starts trending.
And one of the best ways to do this is to invest in new meme coins at their presale stage.
Analysts at cryptonews.com are always keeping an eye out for the next big meme coin.
Here are some of their top picks right now.
19 Best New Meme Coins to Buy in November 2024
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