As Bitcoin (BTC) pushes above $66,000 on Monday and nears its 2021 record peak around $69,000, investors hunting for the best crypto to buy today are scouring altcoins markets for outperformers.
Despite 50% gain already this year, Bitcoin definitely ranks amongst the best crypto to buy today.
A wave of new buy pressure has entered the BTC market since the approval of spot Bitcoin ETFs.
With the Bitcoin halving around the corner and Fed rate cuts expected later this year, it seems to be all tailwinds for BTC right now.
Not only is Bitcoin odds on to overtake its record highs in March, but a further 50% rally to above $100,000 in 2024 looks highly possible.
Those are great potential gains, and any crypto investor would do well to have BTC in their portfolio.
But many investors are hunting larger gains in the region of 5-10x.
In order to find these gains, they are hunting smaller, lesser-known but high-potential altcoins.
Here are some candidates for the best crypto to buy today.
Best Crypto to Buy Today
Bonk (BONK)
Meme coins are front and center of the crypto rally right now and Bonk (BONK) is pumping.
Solana’s top meme coin is up nearly 50% in the past 24 hours, as per CoinMarketCap.
But at a market cap of last just under $2.5 billion, it could still be the best crypto to buy today.
That’s because better-known meme coins like Dogecoin and Shiba Inu have market caps 6-8x higher.
If BONK can catch them, that would mean huge gains for investors getting in now.
Pepe (PEPE)
Pepe Coin (PEPE) is right on Bonk’s heels, up just over 45% in the past 24 hours as per CoinMarketCap.
Its market cap was last a little more than $3 billion, showing it still has plenty of room to run to the upside as the current bull market matures.
The prospect of 5-6x gains in the coming weeks and months makes PEPE amongst the best crypto to buy today.
Fantom (FTM)
Previously seen as a major competitor to Ethereum and darling amongst crypto investors, Fantom (FTM) is attempting a comeback.
FTM was last up around 30% in the past 24 hours, as per CoinMarketCap.
Last at $0.66, FTM is down over 10% from earlier session highs.
But the cryptocurrency remains up a healthy near 300% from its October 2023 lows.
And given its market cap of still under $2 billion, Fantom has a lot of upside potential.
Investors could easily be looking at 10x gains with FTM, making it amongst the best crypto to buy today.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great chance to make 10x gains.
But, for those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 14 of what the project deems as the best crypto presales of 2023.
See the 14 Cryptocurrencies
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.
This news is republished from another source.
