Altcoins
Best Crypto to Buy Today February 23 – Uniswap, Flare, Siacoin
Last Updated: February 23, 2024, 2:29 PM EST | 2 minutes of reading
As the rise in AI stocks like Nvidia on Wall Street subsides, major cryptocurrencies are trading mostly in the red on Friday, encouraging risk-tolerant investors to scour the altcoin market for of lesser-known coins that might be the best crypto to buy today.
Bitcoin (BTC) and Ether (ETH) are both down around 1% in the past 24 hours, according to CoinMarketCap.
That said, both remain near recent highs near $53,000 and above $3,000 respectively and remain within recent ranges.
Traders continue to monitor themes such as Fed rate cutthe next reduce by halfAnd one next upgrade of the Ethereum blockchain.
As the 2024 mega-cap crypto rally takes a breather, traders are turning their attention to small altcoins.
Here are some altcoins with strong bullish momentum that could be the best crypto to buy today.
Best Crypto to Buy Today
Uniswap (UNI)
Uniswap (UNI) saw a sudden 45% surge on Friday as the protocol’s DAO introduced a proposal to reward token holders.
Uniswap’s proposal to create a fee mechanism rewarding UNI token holders for delegating and staking their tokens goes live.$UNI up 45% since this article was published. This could be the catalyst that brings about the reevaluation of DeFi applications across the board.https://t.co/PlRwafMDjk
-Arthur (@Arthur_0x) February 23, 2024
If passed, Uniswap will begin distributing protocol fees to UNI holders who stake and delegate their tokens.
The goal of the proposal is to “strengthen and reinvigorate” Uniswap’s governance.
Assuming the proposal passes, UNI could soon become one of the best passive income tokens in DeFi.
Even though investors may have missed the last pump, UNI could easily still be the best crypto to buy today.
Rocket (FLR)
The data-driven Layer 1 blockchain Flare (FLR) was still up over 15% on Wednesday, making it one of the best cryptocurrencies to buy right now.
FLR was just below $0.040 and eyed key testing resistance at the $0.044-$48 area.
The prospect of quick potential gains makes FLR one of the best cryptocurrencies to buy today.
Siacoin (SC)
Decentralized cloud storage network Sia’s native token, Siacoin, gained 16% in the last 24 hours, according to CoinMarketCap.
Indeed, the SC has just reached its highest level since the end of 2021, above $0.020.
Up over 800% from its 2023 lows, SC is eyeing a surge of over 200% towards its 2021 highs above $0.06 per coin.
With a market cap of only around $1.1 billion, 3x gains are certainly possible.
Therefore, Siacoin could easily rank among 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.