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Best Crypto to Buy Now May 30 – JasmyCoin, Beam, Pepe

Joel Frank
Last updated: | 3 min read
Best Crypto to Buy Now June 4 – Kaspa, Ordi, Kasmy
Kaspa, Ordi and Kasmy make the shortlist for best crypto to buy now. Image by

As major cryptocurrencies succumb to sell pressure in the wake of the latest US Core PCE inflation data release, traders are parsing through the altcoin markets for coins with strong bullish momentum that might be the best crypto to buy now.

Bitcoin (BTC) fell back to $67,000 on Friday, dropping 1.5% in the past 24 hours as per CoinMarketCap.

Most other major cryptos were flat to trading slightly negative, damping sentiment as US equities dropped.

The drop in US equities comes despite the latest US inflation figures sending a reassuring message that disinflation continues.

As expected, core PCE came in at 0.2% MoM in April, down from 0.3% in March. A full year of 0.2% monthly prints would see Core PCE just above 2.0% and basically back to the Fed’s inflation goal.

The data was thus interpreted by economists as bolstering the case for Fed interest rate cuts later this year.

Markets currently price a slightly more than 50% chance that the first-rate cut comes before September.

That’s according to the CME Fed Watch tool, which monitors how US interest rate futures markets are priced.

Bitcoin is back to trading close to its 21DMA. If investors believe the latest dip back from recent highs above $70,000 is temporary, this could be a good time to buy.

As Bitcoin retests its 21DMA, could it be the best crypto to buy now?
As Bitcoin retests its 21DMA, could it be the best crypto to buy now? Source: TradingView

Most analysts think Bitcoin is in the middle of its bullish cycle.

Rate cuts are coming. The halving just took place in April. Politics is also a headwind as pro-crypto forces in the US seemingly gain the ascendency.

Bitcoin is likely to rise above $100,000 in the coming year or two. For investors new to crypto, it’s definitely the best crypto to buy now.

But altcoins might be better for investors who have experience in the space and who are hunting higher gains.

Here are some top-performing altcoins on Friday that could be the best crypto to buy now.

Best Crypto to Buy Now

JasmyCoin (JASMY)

Decentralized Internet of Things (IoT) protocol JasmyCoin (JASMY) is pushing higher, up 9% in 24 hours.

Last at $0.0309, JASMY is now up over 900% (or over 10x) versus its 2023 lows of around $0.003.

According to CoinMarketCap, JASMY is still down around 99% from its all-time high price of late 2021.

That suggests it’s still very early to get back into the coin, assuming it continues to pump with the broader market. JASMY is thus a candidate for the best crypto to buy today.

Beam (BEAM)

Decentralized gaming network Beam (BEAM) is up over 7% in the past 24 hours, as per CoinMarketCap.

That pump has seen the token claim a market cap of nearly $1.4 billion. BEAM was last at $0.28 but hit new record highs earlier in the session near $0.38.

That spike was triggered by the token’s listing on Upbit.

BEAM could easily hit a market cap of $5 billion or more. The prospect of 3-4x gains could make BEAM the best crypto to buy today.

Pepe (PEPE)

Leading meme coin is eyeing a retest of its record highs on Monday.

PEPE was last around $0.000015, a 16% jump from Thursday’s lows. Its market cap was last around $6.44 billion.

But Pepe could someday challenge the likes of Dogecoin, which has a market cap of $23.5 billion.

PEPE could yet be 5x this bull market. As an established meme coin leader, it could be the best crypto to buy now.

Crypto Alternatives to Consider

The above coins could all do very well in this bull market. Their upside potential is limited to a maximum of around 10x, however.

Some crypto investors will be hunting much bigger gains of 50x or more.

An alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.

In a presale, an investor buys the tokens of a crypto startup to help fund their development.

Presale tokens are nearly always sold at very cheap valuations. And there is a long history of presale delivering huge gains to early investors.

If investors can identify high-potential projects, they can potentially bag big gains.

To help investors get started, Cryptonews has curated a list of 15 of the best crypto presales of 2024:

22 Best Crypto Presales to Invest In Now

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.