Top Cryptocurrencies to Consider Purchasing on May 21 – Pepe, Arbitrum, Uniswap

As excitement grows around the potential imminent approval of spot Ethereum ETFs in the USA and Ether reaches new two-month peaks above $3,800, traders are actively seeking the most promising cryptocurrencies to invest in for quick returns in the current market landscape.

Several prospective Ethereum ETF issuers submitted revised 19b-4 applications on Tuesday.

UPDATE: It’s happening. We have at least 5 of the potential #Ethereum ETF issuers that have submitted their Amended 19b-4’s in the last ~25 min.
Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, & Franklin all submitted via CBOE. pic.twitter.com/pHGt8iRWi8

— James Seyffart (@JSeyff) May 21, 2024

Additionally, some tickers are already appearing on the DTCC.

VanEck SPOT ETHEREUM ETF (ETHV) is now listed on the DTCC website.

Let the next crypto tally begin. pic.twitter.com/eNP5IIJY5Y

— Digital Asset News (@NewsAsset) May 21, 2024

Bitcoin (BTC) was last seen trading slightly lower over the past 24 hours at around $70,200. Meanwhile, Solana (SOL) experienced a 4% decline, falling back below $180.

Focus will briefly shift to the macroeconomic context when the Fed publishes the minutes from its April meeting on Wednesday.

However, Ethereum ETF developments are likely to remain the primary topic in the news this week, potentially presenting the market with considerable short-term upside opportunities.

Consider the scenario where Ethereum ETFs receive approval and launch, leading to demand that exceeds expectations. This mirrors what occurred with Bitcoin ETFs earlier this year.

Ethereum may be on the verge of surpassing $4,000 again. Despite a 35% increase from recent lows, ETH could still represent the top cryptocurrency to invest in at this moment.

Nonetheless, some traders are exploring higher beta options.

Here are some well-performing altcoins that may provide even greater upside potential than Ethereum.

Best Crypto to Buy Now

Pepe (PEPE)

Pepe (PEPE) has surged over 50% in the last two days, reaching new all-time highs above $0.000014.

Currently priced at $0.00001375, its market capitalization is just under $5.8 billion according to CoinMarketCap.

However, Pepe may still have room to rise. Traders seem to be investing in the token to capitalize on the growth of the Ethereum ecosystem.

Moreover, Pepe still has significant ground to cover to catch up to Dogecoin and Shiba Inu.

It could potentially increase fivefold from current levels during this bull market, making Pepe a strong candidate for the best crypto to buy now.

Arbitrum (ARB)

After being a major underperformer since March, the layer-2 Ethereum scaling solution Arbitrum’s ARB token is showing signs of recovery.

ARB recently climbed back above $1.20 for the first time in a month and is now also above its 21 and 50-day moving averages.

ARB could thus be one of the best crypto to buy now. Source: TradingView

Quick gains of 2x could be in store for ARB, as traders anticipate growth in the Ethereum ecosystem, which would directly benefit Arbitrum.

As a leading Ethereum layer-2 protocol, Arbitrum currently has a market cap of approximately $3.2 billion.

This leaves ample opportunity for growth in this bull market, positioning ARB as one of the best crypto options to buy now.

Uniswap (UNI)

The native token of the multi-chain DEX Uniswap (UNI) has been another standout performer since the SEC’s reversal on Ethereum ETFs.

Uniswap recently received a Wells Notice from the agency, but its strong performance may be linked to expectations that the SEC will adopt a more lenient approach than initially anticipated.

Regardless, UNI is experiencing rapid growth. The token was last priced at $9.65, reflecting a 25% increase over two days.

A breakthrough above resistance near the $10 mark could pave the way for further upward movement.

Indeed, UNI may soon revisit yearly highs around $17, making it a strong candidate for the best crypto to buy now.

Crypto Alternative to Consider – Sealana (SEAL)

If Ethereum ETFs are on the horizon, this could trigger a renewed interest in meme coins.

While Ethereum is currently in the spotlight, Solana has emerged as the primary trading platform for meme coins this year.

Established Solana meme coins like dogwifhat are solid options, but their inflated market caps limit upside potential.

For substantial gains of 50-100x, traders should seek out newer meme coins.

One emerging Solana meme coin that analysts at Cryptonews believe has significant potential is Sealana (SEAL).

Even an honourable discharge won’t stop #Sealana from spreading FREEDOM with his fellow special forces $SEALs.
Putting his battlefield days behind him, Sealana and his comrades are now taking on a different enemy: keyboard warriors and #Memecoin haters.
He didn’t serve… pic.twitter.com/VV4oWeSjTi

— Sealana (@Sealana_Token) May 15, 2024

SEAL features a South Park-themed, overweight seal character called Sealana, which has already attracted over $2.2 million in investments from enthusiastic supporters.

The marketing and presale success of Sealana is reminiscent of the recently launched Solana meme coin Slothana (SLOTH).

Slothana raised over $15 million in a highly successful presale.

However, after its launch, the token subsequently surged to a market cap exceeding $100 million, according to DEXTools.

Speculation suggests that the teams behind Slothana and Sealana may have connections. Traders will thus be hoping SEAL achieves similar success to SLOTH.

#Sealana, making #Memecoins great again!

Manifesto
1⃣ No Frogs
2⃣ Less Hats
3⃣ Many Whales
4⃣ Zero Rugs
5⃣ More $SEAL pic.twitter.com/FEImgpWxWz

— Sealana (@Sealana_Token) May 7, 2024

Investors can acquire SEAL by connecting their web3 wallet on Sealana’s official website using SOL, ETH, USDT, or USDC. Sealana is also available for purchase via credit card.

Buy Sealana Here

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