Best Crypto to Buy Now May 29 – Shiba Inu, Worldcoin, Chiliz
On a modestly bearish day for most major cryptos that saw Bitcoin (BTC) slide 1.5% to the low $67,000s and Ethereum (ETH) drop 2.5% back to the mid-$3,700s, traders hunting for the best crypto to buy now are scouring the altcoin market for outperformers.
The movement of billions of dollars of Bitcoin between wallets associated with Mt Gox kneecapped a strong start to the week.
Bitcoin and Ethereum are both now down 4-6% from earlier weekly peaks. But any dips are likely to remain shallow and short-lived.
That’s because there has been a lot of good news recently in the crypto market. The SEC’s softening anti-crypto stance and their recently approval of spot Ethereum ETFs.
Increasingly pro-crypto rhetoric from US Presidential candidate Trump, and growing support for constructive crypto legislation in Congress.
Macro may also provide tailwinds, assuming this Friday’s US inflation data points to continued disinflation, support Fed rate cut bets.
As the market eases lower, traders are hunting for cryptos that might be able to deliver fast gains.
Here are some altcoins that might be the best crypto to buy now.
Shiba Inu (SHIB) has been rapidly rising in the past three days as bets Ethereum ecosystem growth come in.
The Ethereum-based meme coin is up 5% in the past 24 hours, per CoinMarketCap, and was last trading above $0.000027.
SHIB even managed to hit more than one-month highs above $0.000029 earlier in the session.
A technical break earlier this month suggests a retest of yearly highs is on the cards.
Given SHIB could quickly rally 65%, it’s a strong candidate for best crypto to buy now.
Worldcoin (WLD) has been a big underperformer in recent months versus many cryptos.
But it is looking perky on Wednesday, last up 7% in 24 hours as per
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