Altcoins
As Bitcoin Retakes $70,000, Here Are the Best Cryptos to Buy Today
Last updated: March 25, 2024, 2:48 p.m. EDT | 2 minutes of reading
As cryptocurrency prices rise on Monday and Bitcoin (BTC) retreats north of $70,000, investors are feverishly searching for the best cryptocurrency to buy today for quick gains. For investors taking their first steps into the market, Bitcoin is certainly a candidate for best crypto to buy today.
BTC should soon return to its all-time highs thanks to optimism regarding central bank easing. GBTC selling pressure could also ease, meaning spot Bitcoin ETFs could become a tailwind again.
With the halving fast approachingBitcoin still has every chance of testing $100,000 at some point this year.
This means possible gains of 40% from current levels.
But many crypto investors have already gained significant exposure to major blue-chip cryptocurrencies like Bitcoin.
They might instead look to increase their risk and gain exposure to assets with 5-10x upside.
Here are some altcoins with strong bullish momentum this could be the best crypto to buy today.
Best Crypto to Buy Today
Arweave (AR)
Arweave’s decentralized storage network (DSN) native AR token generated a massive 20% rally on Monday, according to CoinMarketCap.
Last at $43, AR is looking at a near-term retest of its all-time highs around $48. A retest of all-time highs above $90 is also on the cards for 2024.
Its modest market capitalization, still below $3 billion, suggests plenty of room for growth for the crypto. The prospect of 3-4x gains makes AR one of the best cryptocurrencies to buy today.
Internet Computer (ICP)
Up almost 20% in 24 hours, Internet Computer (ICP) is one of the best performing cryptos on Monday.
Last at $17, ICP is convincingly attempting to break out of its $10-$16 range over several weeks.
But ICP is still down more than 96% from its 2021 record highs, around $350.
Its modest market capitalization, currently less than $8 billion, suggests there is plenty of room for growth.
ICP may not reach its 2021 highs anytime soon, but 10x gains are certainly possible. This means it could easily be the best cryptocurrency to buy today.
Dog Hat (WIF)
Dogwifhat (WIF) leads the coin market Monday, up 18% in the last 24 hours according to CoinMarketCap.
Last at $2.80, WIF plans to retest its all-time highs above $3.50. WIF’s market capitalization was $2.8 billion.
With Dogecoin’s market cap at around $24 billion, WIF may have a lot more to manage.
The prospect of 10x gains from here ranks WIF as potentially the best crypto to buy today.
Crypto Alternatives to Consider
All of the coins above offer potential investors an excellent chance of making 10x gains.
But, for those looking for a better probability of short-term gains, an alternative high-risk, high-return investment strategy to consider is get involved in crypto presales.
This is where investors buy tokens from new crypto projects to help fund their development.
These tokens are almost always sold cheaply, and there is a long history of presales offering huge exponential gains to early investors.
Many of these projects are backed by fantastic teams and a tremendous vision to deliver a one-of-a-kind crypto application/platform.
The Cryptonews.com team spends a lot of time going through pre-sale projects to help investors.
Here is a list of what the team considers to be the best crypto presales of 2024.
Warning: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose your entire capital.
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