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5 Best Cryptos to Buy Now April 29

The cryptocurrency market continues trading sideways without clarity on how it could trade next. However, bullish signals continue to trickle into the market, especially regarding Bitcoin. Since Bitcoin’s price moves usually influence the broader market, positive news from the Bitcoin ecosystem means now is a perfect time to start buying into high-potential cryptocurrencies. But which are the best cryptocurrencies that make sense to buy today?

This is the question we seek to answer in this article. We look at Bitcoin and other cryptocurrencies that are likely to rally alongside it if there is a BTC price breakout today. 

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Below is an in-depth analysis of the best cryptocurrencies to invest in today. Bitcoin is among the cryptocurrencies we are reviewing because it has all the big news that could trigger a rally this weekend. We also look at Ethereum, which closely moves with Bitcoin and has demand drivers of its own coming up. This article also looks at BONK and PEPE, two meme coins already showing an increase in bullish momentum even when the broader market is directionless. Lastly, we look at the NEAR Protocol, which remains strongly bullish despite most altcoins showing weakness. 

Bitcoin (BTC)

Bitcoin (BTC) is always a big determinant of how the cryptocurrency market will move and today is no exception. One of the potential triggers to Bitcoin today is the launch of the Grayscale Mini ETF for Bitcoin. This mini-ETF is designed to stem the tide of outflows from the Grayscale ETF, which has mainly been driven by Grayscale’s high fees relative to other ETFs. The outflows have also been putting a lot of downside pressure on Bitcoin. 

With this tide of outflows likely to be stopped by the mini-ETF, Bitcoin could rally soon. The positive sentiment triggered by this news could even trigger a rally today or over the weekend. There is also the fact that more publicly listed companies are now buying Bitcoin.

Despite Bitcoin’s sluggish price action, all indicators show that Bitcoin demand is increasingly outstripping supply post-halving. This mismatch in demand and supply could see Bitcoin break out of its current range and easily hit prices as high as $70 in a few long green candles this weekend. For this, Bitcoin is one of the best cryptocurrencies to invest in today.

Related: Where to Buy Bitcoin – Best Exchanges

Ethereum (ETH)

Ethereum is another top cryptocurrency with solid prospects of a bullish breakout this weekend. One of the critical factors likely to determine Ethereum’s price action today is Bitcoin. These two cryptocurrencies are usually in lockstep, and if there is a Bitcoin breakout today, Ethereum could follow suit. Multiple factors already point to a possible Bitcoin breakout, making Ethereum an attractive asset to buy today. Besides the Bitcoin-driven momentum, Ethereum has a lot of positive price drivers of its own that could help drive the price. 

One of these is that Ethereum ETFs will start trading officially in Hong Kong on April 30. That’s just four days away, and with demand expected to surge exponentially due to an inflow of Chinese money, smart money could be accumulating on Ether. This ETF is a big deal for Ethereum because Ether is a deflationary asset. Most of the Ether in circulation is staked, and the Ether inflation rate is much lower than that of Bitcoin. As such, with such a significant demand catalyst coming up and the potential for Bitcoin to add to the bullish sentiment, Ethereum stands out as an undervalued cryptocurrency to buy now. 

PEPE (PEPE)

PEPE (PEPE) is one of the cryptocurrencies still in the green today at a time when most cryptocurrencies are directionless. This plays well into making PEPE a high-potential cryptocurrency to buy for two reasons. First, it creates the impression that demand for PEPE is strong, meaning if Bitcoin turns bullish, PEPE could record even more significant gains. 

This is likely to drive even more bullish momentum into PEPE this weekend, especially now that many factors could trigger a Bitcoin breakout. The fact that most investors expect a parabolic price rally for meme coins in case of a Bitcoin bull run makes the case for FOMO buying of PEPE today and over the weekend. 

BONK (BONK)

Bonk (BONK), like PEPE, is showing strong bullish momentum today and stands out from other flat-trading altcoins. This is a big deal as it creates the impression that bullish optimism is quite strong on BONK. In a market where expectations are high that Bitcoin could rally at any moment as the halving takes effect, BONK will likely keep recording a surge in buying volumes in the short term. 

Even better is that BONK is a Solana-based meme coin, and Solana is known for its ultra-low trading fees. BONK could see a buying volume increase, especially from small investors looking to take advantage of a meme coin rally that a Bitcoin breakout could trigger. 

Near Protocol (NEAR)

Near Protocol (NEAR) is a high-utility cryptocurrency that has grown consistently throughout this week. While most cryptocurrencies have either been in the red or directionless, NEAR has remained solidly bullish and is now eyeing a high of $8. One important factor driving Near Protocol’s price is the recent announcement of an innovation called Chain Abstraction. 

This tech is aimed at making blockchain more practical for the average user. Investors are excited that this could open up Near Protocol adoption and make NEAR highly undervalued at current prices. In addition, Near Protocol is a big name in the fast-growing AI space, and it’s easy to see why investors are excited about buying NEAR. If Bitcoin breaks out, NEAR’s core fundamentals could help propel it to prices as high as $20 in the near term. This makes NEAR one of the best cryptocurrencies to invest in today.