Altcoins
Best Crypto to Buy Today March 12 – Toncoin, NEAR Protocol, Injective
Last updated: March 12, 2024, 9:25 p.m. EDT | 3 minutes of reading
After a choppy day in the blue-chip crypto markets on March 12, which saw Bitcoin (BTC) hit new all-time highs (ATH) above $73,000 before falling as low as $68,000, investors are looking for the best crypto to buy today for short term gains.
Bitcoin remains a strong contender for the best cryptocurrency to buy today and is an integral part of any cryptocurrency investor’s portfolio.
Long sell-offs saw BTC reverse sharply lower after new ATHs were printed above $73,000.
But Bitcoin has since rebounded sharply to the mid-$71,000s and remains up 12.5% in seven days, according to CoinMarketCap.
Indeed, Bitcoin is up 47% in 30 days, propelled higher by a powerful wave of ETF demand.
The bulls remain in control and there remains an outside chance that the cryptocurrency could challenge $100,000 soon.
That’s because the hype around the April halving, which will halve The BTC inflation ratehas not yet reached its climax.
The prospect of rapid potential gains of 40% from here means that Bitcoin certainly ranks among the best cryptos to buy today.
But some investors hope to realize much greater short-term profits, perhaps in the range of 5 to 10 times.
They will probably browse altcoin markets for smaller-cap, lesser-known cryptos that show great potential.
Here are some of Tuesday’s best performing names that could be the best crypto to buy today.
Best Crypto to Buy Today
Toncoin (TON)
After hitting new all-time highs on Tuesday, the Telegram-affiliated cryptocurrency Toncoin (TON) is surging.
According to CoinMarketCapTON is up approximately 25% in 24 hours, with a market cap approaching $15 billion.
Its affiliation with the world’s leading private messaging app Telegram positions Toncoin as a potential leader in the 2024 bull market.
Its market cap could rise much higher from here on, with investors potentially realizing 3-5x gains.
This is why it could be the best crypto to buy today.
NEAR Protocol (NEAR)
Ethereum rival NEAR Protocol’s native token, NEAR, is up nearly 24% over the last 24 hours Tuesday.
Last just above $8.0, the cryptocurrency is eyeing a rapid 2.5x rebound to reach an all-time high near $22.
With a market cap of just under $9 billion and a fully diluted market cap still under $10 billion, NEAR could easily grow 3-5x from here.
This is why it also potentially ranks as the best cryptocurrency to buy today.
Injective (INJ)
Decentralized trading protocol Injective (INJ) just hit new record highs above $51 per token.
This already leaves it more than 50 times higher than the 2022 lows, just above $1.0 per token.
Up almost 20% in the last 24 hours, INJ’s market cap has recovered to around $4.7 billion.
This leaves plenty of room for future growth of the cryptocurrency, with a possibility of 5-10x gains.
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 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 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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