Altcoins
Best Crypto to Buy Today February 21 – Siacoin, BNB, Fetch.ai
Last Updated: February 21, 2024 3:03 PM EST | 2 minutes of reading
As major cryptocurrencies experience a pullback after recent gains, investors looking for the best cryptocurrency to buy today are exploring the altcoin market for potential high-growth opportunities.
Bitcoin (BTC), which is trading around $51,000, and Ether (ETH), near $2,900, have both recently seen their prices fall after hitting significant highs. This profit taking is a natural market reaction following the optimism surrounding recent ETF approvals. Despite this temporary slowdown, BTC has surged 22% over the past 30 days, with ETH posting a strong 17.5% gain. according to CoinMarketCap data.
As major cryptocurrencies consolidate, savvy investors are turning to smaller altcoins with strong upward momentum. Here are some promising options that could be considered the best crypto to buy today.
Best Crypto to Buy Today
Siacoin (SC)
Native token of the Sia decentralized cloud storage network Siacoin pumped 11% in the last 24 hoursaccording to CoinMarketCap.
Indeed, the SC has just reached its highest level since the start of 2022, above $0.017.
Up over 600% from its 2023 lows, SC is eyeing an additional 300% surge toward its 2021 record highs above $0.06 per coin.
With a market cap of only around $900 million, 3-4x gains are certainly possible.
Therefore, Siacoin could easily rank among the best cryptocurrencies to buy today.
BNB (BNB)
The fourth largest crypto coin by market capitalization, BNB (BNB), just reached its highest levels since November 2022, above $370.
Up more than 5% in 24 hours according to CoinMarketCap, this is one of the best results on Wednesday.
Concerns regarding Binance’s legal problems in the United States have kept the price of BNB low over the past few quarters.
Indeed, where BTC is up more than 3x from its 2022 bear market lows, BNB is only around 2x.
But blockchain remains strong, suggesting it could represent a good value play.
This means that BNB could be the best crypto to buy today.
Recover.ai (FET)
Decentralized machine learning platform Fetch.ai (FET) has been booming in recent days.
It was latest increase of around 5% in the last 24 hours around $0.975, according to CoinMarketCap.
FET is closing in on a retest of its 2021 highs in the $1.20 area, which could mean quick gains in the 20% range.
But FET has a modest market cap of only around $800 million and a promising AI use case.
This suggests it could go much higher, perhaps posting gains in the 4-5x range.
This makes Fetch.ai one of the best cryptos to buy today.
Alternative to consider
The coins mentioned above offer the prospect of decent winnings of 3-5x.
But traders with an even higher risk tolerance should consider an alternative investment strategy with higher earning potential: investing in crypto presales.
Crypto presales are where Web3 startups raise funds for platform development via discounted sales of their native crypto tokens.
Pre-sale investing carries similar risks to investing in start-ups, so investors should always do their due diligence.
With so many presales vying for investment funds, it’s difficult to keep track of the best opportunities.
Here are some of the best projects, according to Cryptonews analysts:
13 Best Crypto Presale Projects for 2024
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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