Top Cryptocurrencies to Consider Purchasing on April 26 – Litecoin, Neo, Ethereum Classic

With leading cryptocurrencies exhibiting a bearish trend on Friday, investors are exploring altcoin markets for the most promising crypto to purchase now for swift profits.

Bitcoin (BTC) was recently trading down approximately 1%, just under $64,000. Ether (ETH), on the other hand, remains in the mid-$3,100 range.

Another data release from the US indicated persistent inflationary pressures in the nation, underscoring that the Fed is unlikely to lower interest rates in the near future.

Here is Powell’s preferred inflation metric.

PCE Core Service Less Housing MoM increased by nearly 0.6%

TOO much.. End of discussion pic.twitter.com/yEBlWeV1MA

— Andreas Steno Larsen (@AndreasSteno) February 24, 2023

It is not surprising that the US dollar and US government bond yields continue to hover near multi-month highs against most of their major counterparts.

The macroeconomic environment remains a challenge for crypto assets.

As ETF inflows shift to outflows, and the post-Bitcoin halving enthusiasm diminishes, BTC faces the possibility of dropping below $60,000.

As ETF inflows turn to outflows, and post-Bitcoin halving optimism fades, BTC is at risk of falling below $60,000. That suggests it probably isn’t the best crypto to buy now. Source: TradingView

In this context, investors must be particularly discerning when choosing which altcoin to acquire.

Here are some notable performers on Friday that could represent the best crypto to buy now.

Best Crypto to Buy Now

Litecoin (LTC)

Despite the overall market weakness, Litecoin (LTC) is striving to move higher.

LTC was last seen trading in the $88 range, above its 21DMA. If it can maintain this position above its 21DMA, it would be among the few major cryptocurrencies trading above this significant short-term moving average.

At current prices, LTC has risen over 25% compared to earlier monthly lows.

According to CoinMarketCap, its 5% increase in the last 24 hours positions it as a top crypto gainer today.

Litecoin supporters will be optimistic that this recent upward movement signifies the beginning of a new challenge to the highs of its multi-year range.

Litecoin could be the best crypto to buy now, as it sees a potential return to multi-year highs. Source: TradingView

Litecoin has been confined within a $60-$115 range since the beginning of 2023.

If it can surpass this range, it could pave the way for a return to 2021 highs around $300.

LTC could still achieve 3.5x gains in this bullish market, making it a potentially attractive crypto to buy today.

Neo (NEO)

Neo (NEO), the cryptocurrency associated with the emerging smart contract blockchain NEO, is performing well on Friday.

As reported by CoinMarketCap, the price of NEO has risen by 5% in the last 24 hours to $20 per token.

This increase has boosted its market capitalization to approximately $1.3 billion, leaving NEO still over 7x below its 2021 highs and 10x under its early 2018 peaks.

Historical price trends indicate that NEO typically experiences significant gains from its current low levels.

NEO could still achieve 5x in this bullish market, making it a contender for the best crypto to buy now.

Ethereum Classic (ETC)

Ethereum Classic (ETC), the original version of the Ethereum blockchain, is making an effort to rise on Friday.

It was last reported up 4% in 24 hours, according to CoinMarketCap, and trading near $28.

ETC fell below its 2024 uptrend earlier this month. However, after briefly dipping to as low as $23, ETC is staging a recovery.

ETC snapped its 2024 uptrend earlier in the month. But after reaching briefly as lows as $23, ETC is mounting a comeback. Source: TradingView

If it can break above the $28-29 resistance zone, where its 21DMA also lies, this could indicate that the bulls have regained dominance.

Ethereum Classic is considered a highly speculative investment. It lacks the level of adoption seen with its counterpart Ethereum – as per DeFi, Ethereum has a total value locked (TVL) of $133 billion, while Ethereum Classic has only about $500,000.

Nonetheless, ETC reached as high as $175 in 2021 – a 6.5x increase from current levels.

As market excitement and FOMO grow, and investor behavior becomes more irrational, ETC could potentially reclaim these heights, making it a viable option for the best crypto to buy now.

Crypto Alternatives to Consider

The aforementioned coins present opportunities for investors to achieve 5-10x returns.

However, those seeking even stronger short-term gains might explore an alternative high-risk, high-reward investment strategy – participating in crypto presales.

The team at Cryptonews.com dedicates considerable time to researching presale projects to assist investors.

Here is a compilation of what the team considers to be the top crypto presales of April.

See the 21 Crypto Presales

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