Best Crypto to Buy Now May 10 – Toncoin, Render

With crypto having pulled back sharply in recent trade following US economic data that has reignited fears about stagflation, and in wake of hawkish commentary from Fed policymakers, traders are looking for altcoins with strong bullish momentum that might be the best crypto to buy now.

And strong performing altcoins are difficult to find in Friday’s bearish market.

Bitcoin (BTC) dipped back to the low $ 61,000s on Friday from earlier highs near $64,000.

The latest US economic data showed that US consumer sentiment slumped to six months lows while inflation expectations spiked.

Later, Fed policymakers pondered whether financial conditions in the US are tight enough to deal with stubbornly high inflation.

As per CME, the money market implied likelihood of no Fed rate cuts by September jumped to 39% from 31%.

Bitcoin and crypto generally tend to perform better in an environment of easing/easier financial conditions.

It is thus unsurprising that hawkish remarks from Fed officials and data to back up a more hawkish Fed stance have weighed on crypto on Friday.

There is still a lot of uncertainty regarding when the Fed will start interest rate cuts.

This, combined with subsiding Bitcoin ETF demand and the typical summer/post-halving market lull, suggests the Bitcoin price could trade sideways.

It will most likely continue to trade within its recent $56,000-$70,000ish ranges in the coming months.

Traders hunting for the best crypto to buy now for quick gains must be very selective when choosing altcoins.

Best Crypto to Buy Now

Toncoin (TON)

Despite the market’s broader bearishness, Toncoin (TON) is trading with strong momentum.

It’s up 7.5% in the past 24 hours, above $6.70, as per CoinMarketCap.

Since its early May lows at $4.60, TON has rallied close to 50%.

Optimism regarding the launch of the Telegram-based GameFi token Not Coin (TON) on the TON blockchain is powering the pump.

Others also cited optimism about the launch of USDT on the blockchain. TON could imminently retest April’s highs near $7.70.

As the blockchain achieves rapid adoption, its market cap could soon exceed its current $23 billion.

Toncoin could be one of the best cryptos to buy now.

Render (RNDR)

Render (RNDR) is another token bucking the market trend amid its own bullish narrative.

The cryptocurrency was last trading near $11, up a stunning 60% from earlier monthly lows.

Render is pumping since its protocol OctaneX was featured in a recent Apple keynote.

Render is a leader in the AI DePIN space,, and its market cap could be much higher than its current $4.25 billion. That’s why it could be the best crypto to buy now.

Crypto Alternative to Consider – Mega Dice (DICE)

The above-mentioned altcoins could easily post 5x gains in this crypto bull cycle.

However, investors looking for even greater upside potential should check out presale investing.

Web3 projects frequently sell their tokens at a big discount to early investors as they raise funds for development.

If presale investors can find a good project that gains traction in the market, they can book exponential gains.

One project that analysts at Cryptonews are a big fan of is Mega Dice Casino.

This already well-established crypto casino has launched a presale of its utility token, DICE.

DICE holders get big cashback benefits on their wagers and can generate passive income via DICE staking.

The crypto casino is also running a $750,000 airdrop to reward early presale investors.

The project has already raised $880,000, too. Potential investors may want to move quickly, as the DICE price will rise when the $1 million milestone is hit.

Mega Dice is also running a referral scheme.

Check Out Mega Dice Casino’s Presale

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.