Altcoins
Best Crypto to Buy Today – DogWifHat, Toncoin, PancakeSwap
Last updated: March 13, 2024, 3:33 p.m. EDT | 2 minutes of reading
As Bitcoin bulls remain in control, with BTC hitting new record highs above $73,000 on Wednesday, investors looking to diversify their holdings continue to scour the altcoin markets for the best crypto to buy today.
Bitcoin ETFs See Record Inflows of Over $1 Billion Tuesday, as capital inflows from Wall Street continue to accelerate.
As institutional investors scramble to secure BTC before the inflation rate halves in April, risks remain heavily tilted to the upside for Bitcoin.
A $100,000 test in the coming months remains entirely possible.
For investors who don’t yet own crypto, Bitcoin is surely one of the best cryptos to buy today.
But investors who already own a significant portion of BTC could look to increase their risk exposure in order to benefit more from the coming bull market.
They will probably consider altcoins markets looking for the best alternative crypto to buy today.
Here are some of the best performing altcoins on Wednesday that investors will be watching.
Best Crypto to Buy Today
Toncoin (TON)
Telegram-affiliated cryptocurrency private messaging app Toncoin (TON) gained a whopping 17% in the last 24 hours, according to CoinMarketCap.
The crypto last changed hands around $4.44, after hitting new record highs at $4.60 earlier today.
TON’s market capitalization was approximately $15.4 billion. Its fully diluted market capitalization is approximately $22.7 billion.
TON’s affiliation with Telegram, which positions it tightly at the app fingertips of hundreds of millions of daily users, suggests it could be a leader in this bull market.
Given that it could still rise 3-5x from here, TON could easily be the best crypto to buy today.
Dog Hat (WIF)
Dogwifhat (WIF) leads the meme coin market on Wednesday, up 36% in the last 24 hours according to CoinMarketCap.
WIF just hit a new all-time high above $2.60, with its market cap now above $2.6 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.
Pancake Swap (CAKE)
DEX PancakeSwap’s CAKE token is up on Wednesday, last up about 13.5% in 24 hours according to CoinMarketCap.
The pump comes after the DEX launched its V4 to make trading more efficient.
Finally, at $4.80, CAKE’s market cap is approximately $1.17 billion.
If it manages to break above the $5.30 resistance, the door will reopen to a run towards $10.
CAKE might even be able to challenge its 2021 highs near $50. ‘
This could mean 10x gains are predicted for the crypto, ranking it 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 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 seeking a greater probability of short-term gains should consider an alternative high-risk, high-return 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:
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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