Altcoins
Best Crypto to Buy Today February 12 – BEAM, IMX, ORDI
Last Updated: February 12, 2024 1:26 PM EST | 2 minutes of reading
Bitcoin may be making headlines after surpassing $50,000 for the first time since late 2021 on Monday, but for investors looking to turn a quick profit, the altcoin’s smaller rivals could be the best crypto to buy Today.
Amid optimism over one-time Bitcoin ETF inflows, the Bitcoin the price was last trading just below $50,000, up 3.5% on Monday.
According to Coin SharesSpot Bitcoin ETFs saw net inflows of $1.1 billion last week.
Meanwhile, assets under management (AUM) held by the nine newly launched spot Bitcoin ETFs (excluding Grayscale’s converted GBTC) exceeded $10 billion last week.
Ether (ETH), meanwhile, rose just over 4% on Monday and returned above $2,600.
Top 10 Coins Solana (GROUND), Cardano (ADA), avalanche (AVAX) and Chain link (LINK), meanwhile, were trading with gains of between 1% and 3% over the past 24 hours, according to CoinMarketCap.
Tuesday’s release of US CPI data could trigger volatility in the crypto market.
It depends on what impact this will have on Fed rate cut expectations.
While the rise of blue-chip cryptocurrencies could continue in the coming sessions, smaller altcoins could see larger comparative gains.
Smaller market caps and lower liquidity levels facilitate increased buying pressure to increase the price of a crypto.
Here are some of the best cryptocurrencies to buy today.
Best Crypto to Buy Today
Beam (BEAM)
Decentralized gaming network Beam (BEAM) is up more than 13% in the last 24 hours, according to CoinMarketCap.
This pump saw the token claim a market capitalization of almost $1.5 billion.
BEAM last hit record highs near $0.030.
Its recent breakout above the December 2023 highs around $0.027 has opened the door for upside.
BEAM could easily reach a market cap of $5 billion or more.
The prospect of 3-4x gains could make BEAM the best crypto to buy today.
Immutable (IMX)
The NFT-focused Ethereum layer 2 scaling solution, Immutable (IMX), just reached its highest level since February 2022.
IMX last rose 13% in 24 hours, according to CoinMarketCap.
At $3.13, IMX is now more than 8 times its late 2022 low of below $0.40.
The cryptocurrency’s strong momentum suggests strong chances of returning to 2021 highs at $5.80.
The prospect of near-term gains of 85% returning to record highs could make IMX the best crypto to buy today.
COMPUTER (COMPUTER)
As Bitcoin hits new multi-year highs above $50,000, the Ordinals Protocol (ORDI) token is surging.
The Ordinals protocol is built on top of the Bitcoin blockchain and enables the creation of NFTs and other assets.
ORDI was last up 11% in the past 24 hours, according to CoinMarketCap.
The token plans to retest the highs it hit in early January, above $90.
This could represent gains of over 30% from current levels of just under $70.
Therefore, ORDI could be one of the best cryptocurrencies to buy today.
Crypto Alternatives to Consider
All of the coins above offer potential investors a 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 startups’ 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 have fantastic teams and a great vision behind them to deliver a unique crypto application/platform.
If an investor can identify such projects, the risk/reward ratio of their pre-sale investment is very good.
The Cryptonews team spends a lot of time going through pre-sale projects to help investors.
Here is a list of 15 of what the project considers to be the best crypto presales of 2023:
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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