Altcoins
Best Crypto to Buy Today February 15 – VET, BGB, LUNC
Last Updated: February 15, 2024 2:12 PM EST | 2 minutes of reading
As the rally in major cryptocurrencies like Bitcoin and Ether extends into Thursday, traders looking for the best crypto to buy today continue to scour the smaller-cap altcoin markets for opportunities.
BTC rose toward $53,000 on Thursday due to continued optimism surrounding strong spot ETF flows.
ETH also seems to benefit from ETF Optimism ahead of the expected approval of Ether spot ETFs later this year, with ETH/USD surpassing $2,800 for the first time since May 2022 on Thursday.
The return of American stocks to record levels is also contributing to the rally of the main cryptocurrencies.
US retail sales data weaker than expected for January released Thursday relaxed concerns over Fed delay in cutting rates.
This appears to have supported risk appetite in the stock and crypto markets.
Even though the bullish momentum in the blue-chip crypto market looks set to remain strong, small altcoins lesser known/established projects could potentially generate even greater gains for investors.
Smaller cap cryptocurrencies from newer protocols/projects are much riskier than BTC and ETH, however.
But they could potentially offer much better prospects for 10x winnings.
Here are some of the best performing altcoins on Thursday that could be the best crypto to buy today.
Best Crypto to Buy Today
VeChain (EFP)
Up to almost 32% in 24 hours according to CoinMarketCapVeChain (VET) might be the best crypto to buy today.
VET just reached its highest levels since May 2022 and almost reached $0.050 after breaking through resistance at $0.040.
VET is still more than 80% below its early 2021 highs, around $0.27.
That means it could still have plenty of room to operate.
VeChain is a layer 1 blockchain that aims to streamline supply chain management.
Bitget Token (BGB)
Centralized cryptocurrency exchange Bitget’s native token Bitget Token (BGB) just hit record highs.
Last at $0.85, BGB is up more than 17% in 24 hours and is up 550% from last summer’s lows.
With a still modest market capitalization of $1.2 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.
Terra Luna Classic (LUNC)
The native token of the original Terra blockchain that collapsed in May 2022, Terra Luna Classic, is thriving.
According to CoinMarketCapit increased by around 15% in 24 hours above $0.00013.
Although the LUNC token has lost all usefulness following the multi-billion dollar collapse of the Terra ecosystem in May 2022, it has become something of a meme coin that can see large short-term moves driven by speculation.
Its market capitalization was just under $800 million.
For those looking for a shitcoin that could generate short-term gains through speculation, LUNC might be the best crypto to buy today.
Altcoin Alternatives to Consider
The altcoins mentioned above could all be the best crypto to buy today, given the potential for near-term appreciation.
For investors with an appetite for risk, however, recently launched cryptocurrency presales may offer greater upside potential than short-term altcoin rallies.
Presales allow pioneering projects to offer native tokens at early discounts before the public listing sends prices skyrocketing. Although pre-sales carry risks comparable to investing in a startup, their potential rewards inspire intrepid speculators.
However, investors should evaluate teams, use cases, tokenomics, roadmaps and partnerships before rolling the dice. If an investor evaluates the project correctly, the risk/reward ratio of pre-sales can be very good.
Luckily, Cryptonews analysts are paying close attention to the presale market – and here are 14 of their favorite projects: