By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Best Crypto to Buy Today April 29 – Wormhole, Sei, Helium
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
Barcelona Aims to Recover from European Heartbreak as They Face Real Madrid in La Liga, Chasing Their Third Title of the Season
Sports
UAE with 47% and Qatar with 36% Surge in Viewing Minutes as TOD Unveils its Enhanced Streaming Experience TOD 2.0
Lifestyle
L’Oréal Paris Celebrates the Groundbreaking Launch of MELASYL at the Iconic Museum of the Future
Lifestyle
TOD Partners with Skyworth’s QVWi to Launch 4K Streaming Set-Top Box in MENA
Gulf Sports
Double victory at Red Dot: Eczacıbaşı Tiles Group’s VitrA and Villeroy & Boch brands recognised for their design excellence
Lifestyle
Your Next Destination in Dubai: Mövenpick Hotel Apartments Downtown Dubai – The Perfect Choice for Your Stay
Gulf UAE
Nexus Developer Announces the Launch of ‘Estrella’ to Set New Standards in Boutique Luxury Living in Majan, Dubai
Gulf UAE
Moscow City Tourism Committee Brings ‘Moscow Tea Time’ to Dubai with 15 Cultural Venues
Gulf UAE
Wassim Elassaad Inspires Innovation at Gratuso and Waz & Co-Management Consultancy
Gulf UAE
RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain
Business Crypto
The Central Bank of the UAE Awards Tap Payments a Full Payment Services License
Gulf UAE
Holiday Island Tours and Travels LLC: Pioneering Travel with Global Expansion
Gulf UAE
Enjoy a Remarkable Experience at Mövenpick Hotel Apartment Downtown Dubai
Gulf UAE
Qatari Citizens and Residents come together for Eid Al-Fitr Prayers and Celebrations in Photos
Qatar
Al Duhail maintains OSL lead while Al Sadd remains in close pursuit
Sports
NTT DATA Business Solutions Expands Presence in UAE with Stronger Regional Leadership
Business
Swiss International University SIU Dubai Team Invited to Iftar at Sheikh Mohammed bin Rashid Al Maktoum Centre
Gulf UAE
Skaya Art Presents Two Exceptional Solo Exhibitions in Dubai
Gulf UAE
Moscow Fashion Week Brings Together Fashion Industries from Emerging Regions
Lifestyle
SPARK & Google.org launch Maharat for Tourism e-learning hub in Egypt
Lifestyle
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Crypto > Best Crypto to Buy Today April 29 – Wormhole, Sei, Helium
Crypto

Best Crypto to Buy Today April 29 – Wormhole, Sei, Helium

News Room
Last updated: 2024/04/29 at 9:11 PM
News Room
Share
8 Min Read
SHARE

Last updated:

April 29, 2024 13:34 EDT

| 4 min read

Contents
Wormhole (W)Sei (SEI)Helium (HNT)

Best Crypto to Buy Today April 29 – Wormhole, Sei, Helium / Source: Cryptonews

Major cryptocurrencies are trading with a bearish bias on Monday as traders consider the possibility that the US economy is slipping into “stagflation”, which would typically be bearish for risk assets, and so traders hunting for the best crypto to buy today are turning to altcoin markets for opportunities.

Bitcoin (BTC) slipped to fresh 10-day lows under $62,000 on Monday, now down nearly 7% from last week’s peaks.

It has since rebounded to $63,000, but a short-term downtrend remains in play.

With Bitcoin in a short-term downtrend, it probably isnt the best crypto to buy now for those hunting quick gains. Source: TradingView

Last week’s US GDP report for Q1 showed growth slowing to 1.6% annualized, down from 3.4% in Q4 2023.

But at the same time, inflation picked up in Q1, as shown in the latest US Core PCE report.

Moving a bit towards stagflation. Tough place for policy. pic.twitter.com/N4VHFp0toa

— Joseph Wang (@FedGuy12) April 25, 2024

That could force the Fed to keep interest rates high despite a slowing economy.

Bitcoin traders will be closely monitoring US economic events this week, including a Fed policy announcement, ISM manufacturing and services PMI reports, and April jobs data.

The Fed will likely stick to its hawkish message that it will wait for further inflation progress before cutting rates.

The economic data, meanwhile, will further inform the stagflation debate.

Risks seem tilted toward Bitcoin testing the lower bounds of its recent $60,000-$70,000ish range.

Bitcoin, thus, might not be the best crypto to buy today for investors looking for quick gains. So, if not Bitcoin, which coin is best to buy now?

Investors will have to be more selective as they pick altcoins with strong narratives.

Here are some strong performers on Monday that could be the best crypto to buy today.

Best Crypto to Buy Today

Wormhole (W)

Investors mulling over which crypto to invest in on Monday should check out Wormhole (W).

Wormhole is the top-performing coin in the top 100 by market cap on Monday, as per CoinMarketCap.

W was last up 14% in 24 hours and just hit two-week highs above $0.69.

Wormhole is a multi-chain protocol that facilitates the movement of assets and data between blockchains.

Wormhole’s W token is now natively multichain using the Wormhole Native Token Transfers (NTT) framework 💥

Native W is now available in SPL format on @Solana and ERC20 format on @Ethereum, @arbitrum, @Optimism, and @buildonbase. pic.twitter.com/pwaJohYGXT

— Wormhole (@wormhole) April 25, 2024

The token launched in early April and hit highs at $1.85.

Wormhole could be the best crypto to buy today if it can pump back to recent highs. Source: TradingView

W could post 3x gains if it can return to its past highs. That means it could be the best crypto to buy today.

Sei (SEI)

Finance-focused blockchain Sei (SEI) is another strong performer on Monday, up 6% in 24 hours.

Parallelizing the EVM does not stop with launching Sei v2. It’s time to think even bigger.

As part of Sei Labs’ mission to scale the EVM, it is creating an open sourced framework for maximally performant, parallelized L2 chains.

Introducing: the Parallel Stack.…

— Sei 🔴💨 (@SeiNetwork) March 13, 2024

According to CoinMarketCap, SEI was trading at $0.64 with a market cap of $1.8 billion.

SEI is attempting to establish its presence above the resistance around $0.60, where its 21DMA also resides.

Assuming SEI can push above here, a rally back toward recent highs above $1.10 is possible.

SEI is looking to build momentum for a recovery. Source: TradingView

Bulls will be hoping Thursday’s strong performance is the start of a pushback to 2024 highs around $11.0.

The prospect of quick 80% gains means that SEI could be the best coin to buy now.

Helium (HNT)

DePIN project Helium (HNT), a network that leverages a decentralized global network of wireless hotspot providers and doubles up as miners, is pumping on Monday.

According to CoinMarketCap, HNT went up 12% in 24 hours, trading around $5.70. The token had even pushed as high as $6.0 in recent trade.

HNT’s market cap was last around $920 million. This is still a bargain valuation for believers in the project’s long-term DePIN vision.

If HNT can push above its 50DMA at $5.70, a rally back to 2024 highs above $11 is possible. Given that it could quickly be 2x, HNT could be the best crypto to buy right now.

Alternatives to Consider – Crypto Presales


Investors looking to add some risk to their portfolios should check out an often overlooked but frequently profitable crypto investment strategy – investing in presales.

Up-and-coming web3 projects often conduct ICOs in order to raise funds for project development.

To attract early interest/investors to their project, they usually sell these tokens at a very low market cap.

That offers presale investors the chance to make big gains.

Of course, presale investing isn’t risk-free. The success of a project depends heavily on its management team.

Presale investors could lose all their initial investment should things go wrong.

But if they can reliably identify projects with great teams and a strong use case, presale investing can bring big profits.

With so many projects vying for investor funds, it can be tough to know where to start.

Luckily, analysts at Cryptonews.com spend a lot of time combing through the altcoin market in search of high-potential projects.

Here are some of their favorite picks in the market right now.

21 Best Crypto Presale Projects for April 2024

Alternatively, see Cryptonews analyst Crypto Arjay’s top picks in the below video.

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.



Read the full article here

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room April 29, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Dow Jones Industrial Average whips on Monday as markets await next Fed rate call
Next Article Kenya dam burst: Around 50 killed in villages near Mai Mahiu town
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Barcelona Aims to Recover from European Heartbreak as They Face Real Madrid in La Liga, Chasing Their Third Title of the Season
Sports May 8, 2025
UAE with 47% and Qatar with 36% Surge in Viewing Minutes as TOD Unveils its Enhanced Streaming Experience TOD 2.0
Lifestyle May 5, 2025
L’Oréal Paris Celebrates the Groundbreaking Launch of MELASYL at the Iconic Museum of the Future
Lifestyle May 5, 2025
TOD Partners with Skyworth’s QVWi to Launch 4K Streaming Set-Top Box in MENA
Gulf Sports May 1, 2025

You Might also Like

BusinessCrypto

RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain

April 14, 2025
BusinessCrypto

Forbes Lists Bitget Amongst The World’s Most Trustworthy Crypto Exchanges

February 1, 2025
BusinessCrypto

Bitget Leverages AI Algorithms for Token Listing with the Launch of Bitget Seed

January 27, 2025
BusinessCrypto

Bitget to List Official TRUMP Meme Token for Spot Trading

January 23, 2025
BusinessCrypto

Bitget LaunchX to Support Jambo’s $5 Million Fundraising for Satellite Launch Program

January 18, 2025
BusinessCrypto

Bitget Unveils Over $5 Billion Worth of BGB Token Burn in New Whitepaper

December 28, 2024
Crypto

Top Cryptocurrency Performers Today on DEXScreener

October 18, 2024
Crypto

NH Bank Employee Who Stole Money to Purchase Cryptocurrency Loses All

October 18, 2024
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?