Best Crypto to Buy Today April 4 – Ethena, Bitcoin SV, Bitcoin Cash

Last updated: April 4, 2024, 1:02 p.m. EDT | 3 minutes of reading

PENDLE, MNT and CHZ rank among the best cryptos to buy today thanks to the AI ​​coin pump. Image from cryptonews.com.

As Bitcoin (BTC) eyes a possible breakout north of its 21DMA in the upper $67,000 range as US stocks rise and the US dollar falls, investors looking for the best cryptocurrency to buy today Today’s traders are scouring the altcoin market for opportunities.

Bitcoin is trying to erase weekly losses, as macro investors mull the prospects of lower interest rates this summer. It was last down 5% for the week.

U.S. economic data has been mixed so far this week, but largely supports the view that the job market and economy remain robust.

This made traders fear that the The Fed may not cut interest rates as soon as hoped (i.e. June). But Fed Chairman Jerome Powell’s comments on Wednesday appear to ease those concerns somewhat.

Attention now turns to the US jobs report released on Friday. The US economy will have created 200,000 jobs in March, according to the median projection of economists polled by Reuters.

Should this data surprise on the downside, Bitcoin could well rally back above $70,000 as bets on rate cuts strengthen.

Indeed, the theme of rate cuts later in 2024 should remain a long-term tailwind for the Bitcoin market. The next reduce by half and in progress Spot Bitcoin ETF demand is also expected to continue to support prices.

Bitcoin remains on track to test $100,000 in 2024, making it a strong contender for the best crypto to buy today.

But investors looking for gains in the 5x to 10x range will need to target smaller, lesser-known stocks. altcoins.

Here are some of the best performers altcoins Thursday, who could be candidates for the best crypto to buy today.

Best Crypto to Buy Today

Pendle (PENDLE)

Tokenization Protocol Pendle Token (PENDLE) is on the rise on Thursday, up over 12.5% ​​in 24 hours according to CoinMarketCap.

PENDLE last changed hands in the $5.50s and is nearing a retest of its all-time highs in the $5.70s.

The market capitalization of the leading decentralized tokenization protocol remains a very modest $1.4 billion.

This suggests that it retains the potential to achieve gains of at least 10x this bull market. So it is a contender for the best cryptocurrency to buy today.

Coat (MNT)

New Ethereum Layer 2 Protocol Mantle (MNT) Surged 12% in 24 hours at $1.38.

Like Pendle, he also plans to retest the records that were printed last month near $1.50.

Its market capitalization remains modest, around $4.5 billion. With VanEck predicting that Ethereum Layer 2 will reach a $1 trillion valuation by 2030, Mantle could be the best crypto to buy today.

Chiliz (CHZ)

Fan NFT market Chiliz (CHZ) is up 8.5% in 24 hours, according to CoinMarketCapmaking it one of the top gainers today.

But CHZ, last trading at $0.142, is still trading within recent ranges. This means traders still have enough time to position themselves before a possible breakout.

Indeed, CHZ has formed a pennant structure in 2024. A breakout higher could see CHZ quickly return to mid-2022 highs in the $0.30 area.

Chiliz could be the best crypto to buy today thanks to a strong possibility of 2x gains in the short term. Source: TradingView

The prospect of rapid 2x potential gains could make Chiliz one of the best crypto buys today.

Crypto Alternatives to Consider

All of the coins above offer potential investors an excellent chance of making solid gains.

While the future is always uncertain when it comes to crypto, these names could be among the best crypto to buy today.

However, those looking for a greater probability of short-term gains should consider an alternative high-risk, high-reward investment strategy: getting involved in crypto presales.

Pre-sales provide investors with a routine to get involved in a project at its earliest stages, and thus potentially realize returns of up to 100x.

If investors can identify projects with solid foundations, the risk/reward ratio of their investment is very good.

Cryptonews analysts spend a lot of time reviewing new pre-sale projects.

Here are 14 of the best presales of 2024, according to the Cryptonews team:

See the 14 cryptocurrencies

Fuente