Best Crypto to Buy Now as Coinbase Shares to List on S&P 500
The news of Coinbases entry into the S&P 500, scheduled for May 19th, is turning heads as it is set to become the first crypto firm to be included in the iconic index, underscoring the sectors growing influence.
As this milestone paves the way for increased institutional investments and broader mainstream acceptance of crypto, several cryptocurrencies could be set to benefit with big price boosts.
Coinbase Breaks Into S&P 500 Amid a Market-Wide Crypto Rally
Launched in 2012 and debuting on the public market in 2021 under the ticker symbol COIN, Coinbase has gone through a turbulent journey to become one of the leading representatives of the crypto industry.
Just months ago, Coinbase was locked in a high-profile legal battle with the SEC, which described it as an unregistered broker and exchange, negatively impacting its stock and the broader sentiment surrounding it.
However, the election of President Trumps pro-crypto administration in November was the beginning of a dramatic shift, which immediately saw Coinbases shares surge by 31%.
Following the election and the changes in the SECs leadership, the SEC dropped its case against Coinbase in late February. Now, Coinbase is experiencing the second-largest surge since the US Election Day in 2024, gaining nearly 24% after its S&P 500 inclusion announcement.
Joining the S&P 500 as a crypto firm means passive funds and ETFs tracking the index will need to hold Coinbase shares, further integrating the crypto sector with traditional financial markets, which could amplify volatility across the market.
This milestone coincides with a massive boom in the crypto sector that saw it reach a market cap of $3.37 trillion on May 14th, which could result in a new market-wide rally led by high-potential tokens.
Best Crypto to Buy
Lets look at 3 tokens that could be among the biggest winners from this Coinbase development.
Best Wallet Token (BEST)
As bullish sentiment surrounds the crypto sector, an influx of retail investors is likely to occur, and Best Wallet seems well-positioned to take advantage of that with its user-friendly crypto wallet apps.
Boasting over 250,000 monthly users, Best Wallet is one of the fastest-growing Web3 non-custodial wallets, and it is now launching its native token, Best Wallet Token, which will provide its holders with numerous benefits.
From facilitating lower transaction costs while using its existing and upcoming features to unlocking higher staking rewards via its upcoming staking aggregator, BEST is an asset thats designed to be held, and investors can currently purchase it at a discount.
Presale expert ClayBro, impressed by Best Wallet Tokens early adoption rates, believes BEST will make an explosive debut this year, advising his audience to start accumulating the token while the presale is still live.
The expert highlighted its upcoming crypto debit card, which will charge no-to-low transaction fees for BEST holders, as an exciting upcoming addition to the ecosystem.
Plus, he pointed out that those holding Best Wallet Token will enjoy exclusive Stage 0 access to emerging presales, which could result in explosive gains, making BEST an attractive purchase at its current per-token price of $0.025025.
Bittensor (TAO)
As the popularity of AI pushes the AI crypto sector upward, Bittensor stands out as a platform that encourages a decentralized approach to the technology.
Seeking to challenge traditional AI development thats dominated by large tech companies, Bittensor allows users to train and monetize AI models built via an open, global network.
The TAO token is central to its ecosystem, as it can be earned by users providing valuable AI outputs or contributing computational resources. Plus, it enables staking and allows holders to participate in governance.
The recent market-wide rally saw Bittensors price skyrocket from $245.88 in mid-April to $457.19 on May 14th, representing an 86.17% surge over the 30 days, and technical analyst Atomz expects it to continue growing over the next few weeks.
The analyst highlighted that TAO managed to break through and consolidate above the resistance it faced at the $432 level, expecting it to retest its support before the next leg up. The slight correction wouldnt take TAO below its 50-day Simple Moving Average (SMA) of $307.77, which often indicates that a token has strong upward potential in the short term.
Atomz placed a target above the $560 mark for the token, which he is confident TAO will reach this summer.
Quant (QNT)
QNT is the utility token of Quant, which provides the infrastructure needed for a diverse network of blockchains to communicate and exchange data. Powering Quants integrated marketplace, QNT is required for accessing its services, including transactions, applications, or licensing the marketplace provides.
As the crypto market enjoys increasing popularity following the recent bullish developments, Quants goal of enabling interoperability has positioned QNT for massive gains, with the token achieving a 7.66% growth over the past seven days.
Fueled by a recent Robinhood listing that allows European customers to trade QNT on its platform, QNTs technical indicators also suggest the token is prepared for additional gains throughout 2025.
Chart analyst 21st Century Crypto believes QNT has the potential to more than 10x from its current price of $99.17, highlighting its breakout from a long-term consolidation pattern as a bullish indicator.
Plus, QNTs current price is well above its 50-day SMA of $75.70 and 200-day SMA of $83.87, while its Relative Strength Index (RSI) shows the token is trending upward but not yet overbought.
Expecting a strong rally past the $200 mark before July, the analyst believes QNT can more than 2x before the next healthy pullback occurs, making this an excellent buying opportunity.
Read more: https://www.tronweekly.com/best-crypto-to-buy-now-as-coinbase-shares-to-list-on-sp-500/
Text source: TronWeekly
