BNB -0.28%
$601.05
BTC -0.04%
$69,104.36
DOGE 0.30%
$0.16
ETH 1.65%
$3,810.64
PEPE 3.21%
$0.000015
XRP -1.48%
$0.53
SHIB -1.64%
$0.000024
SOL -2.50%
$164.34
TG Casino
powered by $TGC

Best Crypto to Buy Now April 24 – BONK, ALGO, HBAR

Joel Frank
Last updated: | 4 min read
Best Crypto to Buy Now
Explore what experts are saying about the best crypto to buy now, focusing on long-term potential and recent market trends in the blockchain space. Image by cryptonews.com.

As major cryptos succumbed to technical selling on Wednesday, with Bitcoin (BTC) having slipped around 3.5% in the past 24 hours to below $65,000, investors hunting for fast gains are scouring altcoin markets for the best crypto to buy now.

Bitcoin’s drop was probably triggered by the cryptocurrency dropping below a short-term uptrend.

Bitcoin's latest dip comes amid technical selling, but its long-term fundamentals suggest it remains amongst the best crypto to buy now.
Bitcoin’s latest dip comes amid technical selling, but its long-term fundamentals suggest it remains amongst the best crypto to buy now. Source: TradingView

The latest dip doesn’t impact the broader picture for Bitcoin, however. BTC still trades within multi-week $60,000-$74,000ish ranges as traders monitor various competing themes.

Bitcoin – The Best Crypto to Buy Now?


The Bitcoin halving just took place on April 20 historically a bullish catalyst for the market. However, this has typically taken a few months to really kick in as a tailwind.

Meanwhile, recent stronger-than-expected data out of the US has seen Fed rate cut bets pushed back. This has recently been a headwind to the market, with US yields and the USD rising.

The market will closely watch Friday’s US Core PCE inflation data. The data could greatly impact Fed rate cut expectations, which are currently for rate cuts to begin in September.

Another key driver of the BTC market has been the continuous demand for spot Bitcoin ETFs. These flows have slowed recently.

Most expect that demand from institutional investors will greatly outweigh the current lower supply of new BTC tokens.

That should also be a long-term tailwind for the market.

Bitcoin is on course to hit $100,000 later in 2024. For investors new to the crypto space, BTC is certainly a candidate for the best crypto to buy now.

But for investors looking to secure greater than 2x gains during the present bull market, altcoins might be a better option.

Smaller and lesser-known altcoins are much riskier than the now very well-established Bitcoin. But that risk premium means that should these altcoins gain traction, there is a lot of potential for upside.

Here are a few strong-performing altcoins on Wednesday that could be the best crypto to buy now.

Altcoins – Which Are The Best Crypto to Buy Now?

Bonk (BONK)

One of Solana’s top meme coins, Bonk (BONK), has been pushing higher in recent days.

Last at $0.000025, Bonk is up 12% in 24 hours, as per CoinMarketCap, and up 2x versus earlier monthly lows.

The strong momentum comes after BONK broke a short-term downtrend.

BONK could be the best crypto to buy now after rising above a recent downtrend.
BONK could be the best crypto to buy now after rising above a recent downtrend. Source: TradingView

While Bonk is down 12% from earlier session highs, it’s still on course to move back above $0.000030.

If it can quickly recover to March highs, that could mean near 2x gains.

The prospect of quick gains means Bonk is a candidate for the best crypto to buy now.

Algorand (ALGO)

Another altcoin that recently broke a downtrend is Algorand (ALGO).

ALGO could be the best crypto to buy now after breaking above a recent downtrend.
ALGO could be the best crypto to buy now after breaking above a recent downtrend. Source: TradingView

ALGO is up around 13% in the past 24 hours, as per CoinMarketCap.

Last just under $0.22, it’s down 18% from earlier session highs. But ALGO could soon pump towards recent highs around $0.33.

The prospect of quick 50% gains means it could be the best crypto to buy today.

Hedera (HBAR)

Hedera (HBAR) is retracing one day after big news that BlackRock is setting up a tokenized fund on its blockchain.

HBAR was last trading just above $0.122, over 30% down from earlier session highs.

But that still leaves it up 6% in the past 24 hours, as per CoinMarketCap.

HBAR’s market cap of under $5 billion suggests that the crypto could still be a bargain. If BlackRock is already using it, the sky could be the limit.

HBAR is, therefore, a candidate for the best crypto to buy now.

Crypto Alternatives to Consider


All of the above coins offer potential investors a great chance to make 10x gains.

But, for those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.

This is where investors buy the tokens of upstart crypto projects to help fund their development.

These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.

Many of these projects have fantastic teams behind them and a great vision to deliver a one-of-a-kind crypto application/platform.

The team at Cryptonews.com spends a lot of time combing through presale projects to help out investors.

Here is a list of what the team deems to be the best crypto presales of 2024.

See the 21 Cryptocurrencies

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