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Best Altcoins to Invest in Today, May 27 – XRP, BNB, PEPE

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Highlights:

  • XRP, BNB, and PEPE stand out as the best altcoins to invest in today due to their recent developments and price setups.
  • XRP is likely to get renewed attention because there are now regulated 20-minute strike options for trading it on Crypto.com.
  • PEPE’s chart is forming a double bottom with room to run if it retests the golden zone pullback range.

The crypto market displays mixed sentiment as the bulls and bears battle for control. The flagship asset, Bitcoin, has seen a slight pullback to trade at the $108k region, while most altcoins display the same trend. In addition, this mixed sentiment has dropped the global market capitalization to $3.42 trillion, while the 24-hour trading volume stands at $107 billion.

Despite the observed price fluctuations, the fear and greed index has remained at 68, indicating a greed sentiment in the market. Moreover, a bullish trend is still observed in the market despite the minor correction. So let’s take a look at the best altcoins to invest in today, such as XRP, Binance Coin, and Pepe.

Best Altcoins to Invest in Today

1. XRP

Over the past 24 hours, XRP has declined by 2.30%, dropping to $2.29. Within this duration, the altcoin has been trading between $2.27 and $2.36. The bearish play has also been observed on the weekly chart despite the monthly gain of 5.60%. Currently, its market capitalization and trading volume are at $134 billion and $2.07 billion, respectively.

Source: CoinMarketCap

Crypto.com recently introduced strike options for XRP to its line of products. With the new product, traders can determine XRP’s price movement in only 20 minutes and start with positions as low as $10. Users can earn significant profits, as it provides a high-risk, high-reward setup and one can leave early if the price moves favorably. The new strike options align with previous offerings for Bitcoin and Ethereum, making Crypto.com’s range of products even wider.

As trading tools help draw more attention to XRP, it is becoming the best altcoin to invest in today. As more institutions get involved and regulated products appear, it appears that the altcoin is taking a leading role within the crypto market.

2. Binance Coin (BNB)

On the daily chart, the price of Binance Coin fell slightly by 0.05%, sitting around $674. The altcoin has been trading on a positive note recently. It surged by 4% and 11% on the weekly and monthly charts, respectively. BNB has formed key support at the $585 region, while resistance stands at the $690 level. Moreover, its trading volume has surged to $1.60 billion.

Source: CoinMarketCap

The testnet version of Maxwell is now running on BNB Chain starting with block number 5,255,2978. As a result, this upgrade lowers the time for creating new blocks to just 0.75 seconds. This allows faster handling of transactions. It is now possible for developers to test their tools instantly with less delay. With 16 continuous block productions now supported, the chain helps operate the ecosystem more efficiently.

Moreover, transaction activity on the BNB Chain soared by 49% last week, which makes it the top EVM chain. The swift speed, lower cost, and solid results make it the best altcoin to invest in today, especially for those who are looking for active blockchain use cases.

3. PEPE

The frog-themed memecoin, PEPE, has been on a remarkable rally, recording a gain of over 40% over the past 30 days. The robust bullish momentum has pushed its market capitalization and trading volume to $5.80 billion and $1.35 billion, respectively. However, as of this writing, the bears have the upper hand as the price declines by 2.90% to $0.00001370.

Source: CoinMarketCap

According to analyst Rose, PEPE has seen strength after bouncing from a double bottom on its weekly chart. The formation suggests that a further move would take place if the price returns to 0.00000941–0.00000893. The range fits the golden Fibonacci level, which traders frequently use to spot good entry points.

Pattern projections suggest price targets are situated at 0.00001872 and 0.00002745. PEPE could be one of the best altcoins to invest in today because of its volatility and how much attention it is receiving from the community. Investors tracking its price trend may use minor setbacks as entry points into the market.

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