Best Web Hosting for a Growing Website?

[onlinecrricket]

Hi everyone,
I’m currently using shared hosting for my website, but as my traffic is growing, I’m facing slow loading times and occasional downtime. I’m considering upgrading to a VPS or cloud hosting, but I’m not sure which option would be best for long-term scalability and performance.
Here are my website details:

Visit : Lotus365   

• Niche: E-commerce
  
• Monthly Traffic: Around 50,000 visitors
  
• Tech Stack: WordPress with WooCommerce
  
• Budget: $30–$50 per month
  

I need a hosting provider that offers good uptime, fast performance, and reliable customer support. Does anyone have recommendations based on experience? Also, should I go for managed or unmanaged VPS? Any advice would be greatly appreciated!
Looking forward to your suggestions.
Thanks!