Crypto Traders Shift Focus from Bitcoin to Altcoins Amid Market Optimism
Traders are rotating out of Bitcoin (BTC) and into altcoins as they hunt for promising opportunities with the potential for quick gains.
Bitcoin recently came close to the $100,000 mark but has since retraced to around $96,000 due to profit-taking. Despite this, the broader crypto market sentiment remains positive, fueled by last week’s announcement that SEC Chair Gary Gensler will step down in January and President-elect Donald Trump’s selection of pro-crypto hedge fund manager Scott Bessent as Treasury Secretary.
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Best Cryptos to Buy Now – November 25
The anticipation of a major regulatory shift in favor of crypto in the U.S. has driven the market higher throughout November. While Bitcoin is down around 1% in the past 24 hours, Ethereum (ETH) has risen by over 4%, with many other altcoins also showing strong gains.
Bitcoin remains a strong candidate for investment, with analysts predicting a breakout above $100,000 by 2025. Historical trends suggest significant upside potential, particularly 6-12 months after a halving event. However, some traders are seeking altcoins with higher growth potential. Here are some standout performers that could be among the best cryptos to buy now:
The Sandbox (SAND)
- Performance: SAND has surged 30% in the last 24 hours and is up 90% since Friday.
- Recent Price Movement: The token recently hit its highest levels since early 2023, nearing $0.90.
- Upside Potential: Trading far below its 2021 all-time highs, SAND offers the potential for more than 10x gains from current levels.
- Why Buy Now: With growing interest in the metaverse and gaming sectors, SAND is gaining attention as an undervalued play.
Lido DAO (LDO)
- Performance: LDO has risen by 20% in the past 24 hours, breaking above its 200-day moving average for the first time in months.
- Recent Price Movement: Trading just under $1.70, LDO has broken past resistance at $1.40, signaling bullish momentum.
- Upside Potential: Analysts predict the token could triple in value, making it a strong candidate for near-term gains.
- Why Buy Now: LDO’s strong technical breakout positions it as a leading option for Ethereum staking enthusiasts.
Uniswap (UNI)
- Performance: UNI hit six-month highs above $12, doubling from its monthly lows.
- Recent Price Movement: UNI’s recovery follows regulatory uncertainty in 2023-2024, culminating in a Wells Notice from the SEC.
- Upside Potential: With the anticipated pro-crypto regulatory shift, UNI could quadruple in value, returning to its 2021 record highs.
- Why Buy Now: Uniswap is poised to benefit significantly from a friendlier U.S. regulatory environment under the incoming administration.
Final Thoughts
While Bitcoin’s potential for long-term growth remains solid, altcoins like SAND, LDO, and UNI offer compelling opportunities for traders seeking higher upside potential. With a pro-crypto regulatory climate on the horizon, these tokens could deliver substantial gains in the coming months.
