Altcoins
Best Crypto to Buy Today – FLOKI, Theta Network, Near Protocol
Last updated: March 11, 2024, 11:01 a.m. EDT | 3 minutes of reading
As Bitcoin (BTC) hits the $72,000 mark for the first time and Ether (ETH) recovers north of $4,000, crypto investors are weighing which could be better. best crypto to buy today.
Strong Spot Bitcoin ETF demand before the supply shock of Bitcoin halved has propelled Bitcoin higher in recent weeks.
This has spilled over into other sectors of the crypto market, with major consequences. coins outperforming in particular in recent weeks.
Bitcoin appears to be on track to hit $100,000 in the coming weeks and months.
Some are even betting it could reach six figures before the April halving.
Ethermeanwhile, appears to be on track to hit new records soon.
With the outlook for both cryptocurrencies looking very good, both BTC and ETH are an integral part of any crypto investor’s portfolio.
But with BTC and ETH’s potential gains in the 2-3x range, highly risk-tolerant crypto investors often need more upside exposure.
This is why they often turn to altcoin markets looking for lesser-known but high-potential cryptos.
Here are some of Monday’s best performing altcoins, each of which could be the best crypto to buy today.
Best Crypto to Buy Today
Theta Network (THETA)
New “dual network” Theta Network is one of the best performing cryptos on Monday, up 25% in 24 hours.
THETA price hit $3.80 earlier, its highest level since April 2022.
It has since fallen back to around $3.65 per token.
But since the price broke out above the $2.30 resistance, there is a clear path to resistance at $4.50.
Theta Network combines a smart contract– layer 1 blockchain enabled with data and storage network.
With a market cap of only around $3.6 billion, THETA still has a lot of upside going into this bull market.
This is why THETA could be the best crypto to buy today.
Floki (FLOKI)
FLOKI (FLOKI), the Shiba Inu meme coin that was created in honor of Elon Musk’s pet Shiba Inu dog, is a hot coin Monday.
According to CoinMarketCapits latest rise of 21% in 24 hours, with a market capitalization exceeding $2.5 billion.
But with Dogecoin and Shiba Inu both valued at over $20 billion, there could be a lot more going on.
This is why, even though it has already come a long way, it could be the best crypto to buy today.
NEAR Protocol (NEAR)
The Layer 1 NEAR Protocol (NEAR) has increased by approximately 20% in the last 24 hours, according to CoinMarketCap.
Last just above $7.0, NEAR recently reached its highest levels on record.
With no notable upside resistance levels, the sky is now the limit for NEAR.
With a market cap currently just over $7 billion, if it continues to gain widespread adoption, the NEAR protocol has the potential to grow another 5-10x from here.
This is why NEAR could be the best crypto to buy today.
Crypto Alternatives to Consider
All of the coins above offer potential investors an excellent chance of making 10x gains.
But, for those looking for a better probability of short-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy tokens from new 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 revolutionary 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 14 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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