Best Crypto to Buy Now May 21 – Pepe, Arbitrum, Uniswap

Joel Frank

Last updated:

May 21, 2024 19:54 EDT

| 3 min read

Best Crypto to Buy Now May 21 – Pepe, Arbitrum, Uniswap / Source: Cryptonews

As hype builds that spot Ethereum ETF approvals in the USA might be imminent and Ether pushes to fresh two-month highs above $3,800, traders are hunting for the best crypto to buy now that might hand them the quickest gains in the current market environment.

Multiple potential Ethereum ETF issuers submitted amended 19b-4 applications on Tuesday.

And some tickers are already being listed on the DTCC.

Bitcoin (BTC) was last trading a little lower in the past 24 hours around $70,200. Solana (SOL), meanwhile, dipped 4% back under $180.

Attention will shift momentarily to the macro backdrop when the Fed releases the minutes of its April meeting on Wednesday.

But Ethereum ETF newsflow will likely continue to dominate the headlines this week. That potentially leaves the market with significant near-term upside risks.

Imagine Ethereum ETFs get approved and launched, and then demand is stronger than expected. That’s what happened with Bitcoin ETFs earlier this year.

Ethereum could be about to launch back above $4,000. Even though its up 35% up versus recent lows, ETH could still be the best crypto to buy now.

That being said, some traders are hunting higher beta plays.

Here are some strong-performing altcoins that might offer even greater upside potential than Ethereum.

Best Crypto to Buy Now.

Pepe (PEPE).

Pepe (PEPE) has jumped more than 50% in the past two days to fresh record highs above $0.000014.

Last at $0.00001375, its market cap is just under $5.8 billion as per CoinMarketCap.

But Pepe could yet go higher. Traders appear to be piling into the token to express bets on Ethereum ecosystem growth.

And Pepe still has a long way to go to catch up to Dogecoin and Shiba Inu.

It could still 5x from current levels this bull market. That makes Pepe potentially the best crypto to buy now.

Arbitrum (ARB).

A major underperformer since March, layer-2 Ethereum scaling blockchain Arbitrum’s ARB token is attempting to pick up.

ARB recently surged back above $1.20 for the first time in a month. It’s also now back above its 21 and 50DMAs.

Quick 2x gains could be instore for ARB, as traders bet on Ethereum ecosystem growth, which would directly benefit...

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