- Summary:
- With the crypto market flashing signs of a rally, we look at the best crypto to invest in today, amid multiple opportunities.
The crypto market has been signaling signs of a rally in recent weeks, with meme coins particularly stealing the show. Below, we look at the best crypto to invest in under current circumstances:
Notcoin
Notcoin (NOT) is a play-to-earn token based in The Open Network (TON) ecosystem, with its popularity partly attributed to links with the social media platform Telegram. To mine the coin, users simply need to tap on a virtual coin and complete simple tasks. The game launched on the TON network and major centralised exchanges (including Binance and OKX) on May 17 2024, with an airdrop of tokens worth $1 billion.
After declining by as much as 85 percent in the next 9 days, the coin has returned to the upside, rising by more than 60 percent in the last two days. Initially listed on Binance at $0.000100, Toncoin price is currently at $0.000966 as of this writing, equivalent to a rise of 866 percent in a week.
Furthermore, in a recent poll held on a social media platform with 29,711 participants, X saw NOT beat Bitcoin as the preferred crypto asset. In the poll, NOT had 86.2 percent of the vote while BTC had 13.8 percent. The two cryptos have drawn comparisons due to their limited supply, which makes them deflationary. However, despite Bitcoin’s massive popularity and proven utility, Notcoin’s user-friendliness, game-based approach and loyal community gives it a stronger muscle as far as social sentiment goes.
PEPE
Few crypto assets can measure up to PEPE in as far as consistency goes. PEPE has stayed on the ascending trajectory since mid-April, and has recorded multiple all-time highs in recent weeks. It has also shown its independence from the rest of the crypto market by rising at a time when the rest of the coins, led by Bitcoin were in a downturn (save for a few meme coins). In addition, Ethereum’s ETF approval has injected new impetus into Ethereum-based tokens, and that could potentially benefit PEPE in the coming days.
MAGA (Trump)
The MAGA coin (from former President Trump’s campaign slogan “Make America Great Again) has been turbo-charged in the last three weeks, rising from $4.49 on May 7 to stand at $12.25 as of this writing. With Trump embarking on an aggressive campaign, the social sentiment among his supporters could provide a powerful propulsion for the token. Furthermore, Trump himself own 579.29K MAGA coins, giving strong credence to the social backing.
As the campaign heats up, and with the Trump campaign announcing last week that it would be accepting campaign donations in cryptocurrencies, MAGA coin has a long runway, and could potentially takeoff to higher highs. That said, however, there are at least 35 other coins conjured up around the MAGA name, which could cause confusion and potentially compromise MAGA (TRUMP).