Altcoins
Best Crypto to Buy Today April 2 – Ethena, Litecoin, Bitget Token
Last updated: April 2, 2024, 5:21 p.m. EDT | 3 minutes of reading
At a time when blue-chip crypto markets are trading with a bearish bias, investors are scouring the altcoin markets for strong performers that could be the best crypto to buy today.
Bitcoin (BTC) and Ether (ETH) are both down around 5% in 24 hours as markets fade in the face of macroeconomic headwinds.
Strong US manufacturing data on Monday was interpreted by the market as likely to delay the Fed’s rate cut.
The US dollar and US bond yields have since climbed, putting pressure on US stocks and the crypto market.
Bitcoin was last trading near $66,000, after falling as low as $64,000 earlier in the day. The US government transferred $2.1 billion of its confiscated assets Silk Road Bitcoin at Coinbase earlier, triggering the jitters of a fire sale.
Ether, meanwhile, was last trading just below $3,300.
Attention should return squarely to US Spot Bitcoin ETF demand, while traders will continue to
While major cryptocurrencies are suffering, a few smaller altcoins are pumping hard.
Here are some of Tuesday’s top performers that could be the best crypto to buy today.
Best Crypto to Buy Today
Ethena (ENA)
The decentralized finance (DeFi) protocol token Ethena (ENA) launched on Tuesday and performed well.
According to Bitget“Ethena is a synthetic dollar protocol developed on the Ethereum blockchain, offering a new breed of stablecoin called USDe.”
ENA was last trading around $0.82, up about 20% from its launch price closer to $0.60.
Its market capitalization was approximately $1.2 billion, with a fully diluted value of $12.3 billion.
The token generated a lot of excitement today as it just opened an airdrop. USDe holders will be able to claim their 5% share of the ENA token supply.
The innovative protocol could see new benefits as the hype continues to build. This is why it ranks among the best cryptos to buy today.
Litecoin (LTC)
Despite the overall bearish market trading conditions on Tuesday, Litecoin (LTC) is buoyant.
LTC jumped 8% in the last 24 hours, according to CoinMarketCapat around $107.
LTC is looking for a potential breakout above its 2023 highs and towards the $140 resistance zone.
The prospect of 40% gains in the short term means that Litecoin might just be the best crypto to buy today.
Litecoin is often referred to as digital money. This is a nod to the fact that Bitcoin is sometimes called digital gold.
Indeed, unlike Bitcoin, Litecoin offers very fast transaction times and very low fees.
Bitget Token (BGB)
Centralized cryptocurrency exchange Bitget’s native token Bitget Token (BGB) just hit an all-time high above $1.17.
BGB is up more than 8.5% in 24 hours and is up 600% from last summer’s lows.
With a still modest market capitalization of $2.2 billion, BGB potentially has much more room to grow.
This assumes that the Bitget cryptocurrency exchange continues to attract strong user demand.
As a result, BGB could be the best crypto to buy today.
Alternative to consider – Dogecoin 20
The coins mentioned above could generate solid gains of up to 5x during the next bull market.
But many traders will be looking for much larger gains, in the 50-100x range.
A promising new token called Dogecoin20 being monitored by Cryptonews analysts could be the ideal solution.
Dogecoin20 is a revamp of the beloved Dogecoin meme coin Elon Musk which has just been launched for pre-sale. It features the familiar Dogecoin branding but is based on Ethereum and offers a staking option.
That means crypto coin presale investors can generate impressive passive income, or approximately 65%, according to the project dashboard. It should come as no surprise that the meme coin has already raised over $10 million.
Interested investors should act quickly to secure their tokens before the presale ends on Doge Day in 17 days. At the current price of $0.00022, investors can purchase the token at an extremely discounted valuation of less than $30 million.
For a meme coin that could easily cost 10 times over $300 million, or 100 times over $3 billion, investors are rushing to get involved.
Cryptonews analyst Ari lists Dogecoin20 as one of his best cryptos to buy right now. See why here:
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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