Best Crypto to Buy Now May 20 – Fantom, Injective, Sui

Fantom, Injective and Sui make the shortlist for best crypto to buy now. Image by cryptonews.com

As cryptocurrency markets push higher on Monday, with Bitcoin (BTC) surpassing $68,000, traders look ahead to this week‘s Fed meeting minutes release. Along with the upcoming Nvidia earnings and the SEC’s decision to spot Ethereum ETFs, investors are hunting for the best crypto to buy now that might hand them quick gains.

While upcoming risk events could damage sentiment, crypto markets maintain strong momentum amid macro tailwinds and following technical breakouts.

Mood at $68,000 #Bitcoin today

— Bitcoin Munger (@bitcoinmunger) May 20, 2024

Source: TradingView

Solana (SOL), meanwhile, has been enjoying strong momentum ever since breaking out of its mid-April to mid-May $120-$160 range. A return above $200 in the near future is very likely.

While blue-chip cryptocurrencies look set to do very well in the short term, some impatient traders are hunting even faster gains.

Smaller and lesser-known altcoins with lower market caps stand a better chance of delivering quick 2x or more gains.

Lets have a look at some candidates for the best crypto to buy now.

Best Crypto to Buy NowFantom (FTM)

Layer-1 blockchain competitor to Ethereum and Solana Fantom (FTM) is pumping hard on Monday, up 13.5% in 24 hours, according to CoinMarketCap.

Since breaking resistance around $0.80, FTM looks set up for a quick retest of its 2024 highs around $1.23.

If this is the start of a new push higher, FTM could quickly 3.5x to return to its 2021 record highs above $3.50. Thats why it might be the best crypto to buy now.

Fantom will continue to pump & is going to leave everyone p*ssed off for all the right reasons.

You dont understand how bullish I am.

— hoeem (@crypthoem) May 20, 2024

Injective could quickly 2x if it can break above short-term resistance levels, making it potentially the best crypto to buy now. Source: TradingView

Given it could quickly enjoy 2x gains, INJ could be the best crypto to buy today.

Sui (SUI)

On a day when layer-1 altcoins are leading the market higher, Sui (SUI) is another token performing well.

As per CoinMarketCap, it went up by 10% in 24 hours to $1.13, and its market cap was around $2.6 billion.

Like Injective, SUI might be able to quickly 2x to return to yearly highs.

But that depends on its breaking above key resistance, such as around $1.40.

Crypto Alternatives to Consider

Altcoins are a great way to make quick gains in crypto. Most of the above-mentioned coins are already too well-established to provide traders with gains of upwards of 10x, however.

For those bigger gains, traders will need to get in super early on newer coins.

For risk-tolerant investors looking to add upside exposure to their portfolios, presale investing is potentially a good strategy.

Web3 startups often sell their token at an early discount in presales to fund development and build hype.

With so many presales on the market, it can be tough to know where to start. Here are some of Cryptonews top picks.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.