Best Crypto to Buy Today January 30 – Bittensor, Sui, Sei

Last Updated: January 30, 2024 3:11 PM EST | 2 minutes of reading

With cryptocurrencies in a bullish mood on Tuesday, investors are looking for the best cryptocurrency to buy today.

Bitcoin (BTC) continues to hold at two-week highs, in the mid-$43,000s, comfortably above its 21 and 50 DMAs.

Concerns regarding Grayscale Selling Pressure has faded this week as GBTC outflows decline.

Ether (ETH), meanwhile, returned above $2,300 after Standard Chartered pumped Ethereum Spot ETF optimism in his latest research note.

The multinational bank suggests Ether may hit $4,000 before May, by which time Ethereum spot ETFs in the United States may have launched.

All told, the total crypto market cap has already increased by over $50 billion this week, and is up $170 billion from its recent lows of around $1.45 trillion .

Sentiment could improve further if the Fed acknowledges the possibility of an imminent rate cut during Wednesday’s policy announcement.

THE The US central bank is expected to leave interest rates unchanged between 5.25 and 5.5%.

With that being said, let’s take a look at the candidates for the best cryptocurrency to buy today.

Best Crypto to Buy Today

BitTensor ($TAO)

Decentralized AI protocol Bit tensor ($TAO) just rose 12% to hit new all-time highs above $470 per token on Tuesday.

His latest pump follows screams from Ethereum founder Vitalik Buterin.

Last seen at around $440, $TAO is up nearly 10x from its October low, amid continued outperformance of AI assets.

But its market cap remains low, currently around $2.7 billion, which leaves plenty of room for upside, considering AI companies like Nvidia have valuations north of $1,000. billions of dollars.

$TAO classified as AltsDaddy’s X number account. 1 trendy piece Tuesday.

Sui ($SUI)

High performance proof of stake layer 1 blockchain Sui ($SUI), launched in May 2023, hit new multi-quarter highs on Tuesday.

$SUI hit the mid-$1.60 mark for the first time since its launch last year, but has since fallen back below $1.55.

This still leaves it up 320% from last October’s lows, around $0.36.

Sei ($SEI)

Finance-focused blockchain Sei ($SEI) rose 8% on Tuesday, bringing its gains since January’s low to more than 30%.

With a still relatively small market capitalization of $1.8 billion and great potential for this new technologically advanced blockchain, Sei still offers a good possibility of 10x or more gains.

Crypto Alternatives to Consider

The coins mentioned above offer huge potential returns, but also carry a lot of risk.

For those looking for a greater likelihood 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 the tokens of 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 15 of what the project considers to be the best crypto presales of 2023.

See the 15 cryptocurrencies

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