Altcoins
Best Crypto to Buy Today March 14 – DogWifHat, Bonk, Pepe
Last updated: March 14, 2024, 1:59 p.m. EDT | 3 minutes of reading
Crypto markets are mixed on Thursday, as Bitcoin (BTC) and Ether (ETH) succumb to profit-taking following higher-than-expected US inflation figures. However, other major altcoins like Solana (SOL) and Dogecoin (DOGE) are pushing higher, and investors are evaluating the market as they consider the best crypto to buy today.
Bitcoin was last trading at just under $71,000 and Ether at around $3,900, weighed down somewhat by the rising dollar and US yields.
Both rose Thursday as macro traders reduced their bets on Fed rate cuts this summer after the latest inflation figures.
At least some of the profits that investors made from these coins appear to have been reallocated.
This could explain why Solana has increased by more than 5% in the last 24 hours and why companies like Dogecoin And Peas are up by a similar amount.
Although major coins like Bitcoin are likely overdue for a pullback at this point, investors should expect pullbacks to remain shallow.
Bitcoin ETF Entries remained very strong during the last sessions. Institutional investors appear keen to continue sucking up coins ahead of April. reduce by half.
Bitcoin has every chance of reaching $100,000 in 2024, or even before the halving.
The prospect of another 50% price rise in the coming months means that Bitcoin definitely ranks among the best cryptocurrencies to buy today.
But many investors hope to make much bigger gains in this bull market, perhaps in the 5-10x region.
These investors will scour the market for smaller, lesser-known coins with big upside potential.
Young coins with strong communities fit this bill perfectly.
Let’s take a look at the top three that investors will be watching on Thursday.
Best Crypto to Buy Today
Dog Hat (WIF)
Launched last November to compete with Bonk, dogwifhat (WIF) is a new version of the Shiba Inu dog meme.
Namely, it depicts a cute Shiba Inu dog with a hat. And, of course, the coin investing community has been gobbling up WIF.
According to DEXTools, WIF has a market capitalization of $3.2 billion and over 83,000 on-chain holders.
Given that it also trades on dozens of crypto exchanges, it likely has many silver holders.
WIF is up 22% in the last 24 hours, making it the top 100 performing cryptocurrency on Thursday.
With a market capitalization still 6 times lower than that of Dogecoin, WIF still has a lot of upside potential.
This is why it probably ranks as the best crypto to buy today.
Pepe (PEPE)
Launched in April 2023 to end the era of dog coins, Pepe (PEPE) is performing well in 2024.
Of course, this didn’t put an end to dog coins, which are still as popular as ever. But this reduced their share of the coin market.
Up 12% in 24 hours As of Thursday, Pepe’s market cap was around $4.1 billion, according to CoinMarketCap.
Pepe represents the legendary internet meme Pepe the Frog and could gain further traction.
This is why it is one of the best cryptocurrencies to buy today.
Bonk (BONK)
Bonk (BONK), Solana’s first big meme coin success story, is also performing well on Thursday.
According to CoinMarketCapThe meme coin rose approximately 10% in 24 hours, with the market cap reaching $2.1 billion.
Bonk was overtaken by his younger rival dogwifhat, based in Solana.
But Bonk can still do very well. Indeed, the meme coin holds a sentimental place in the hearts of many Solana users.
Indeed, it was launched via an airdrop around Christmas 2022 to breathe life back into the struggling Solana ecosystem, which was still under pressure following the collapse of FTX and Alameda (a major Solana user and supporter).
The successful launch of Bonk in late 2022 helped inject optimism into the Solana ecosystem and keep things afloat.
Bonk has not yet caught up with Dogecoin and Shiba Inu. This potentially makes it one of the best cryptocurrencies to buy today.
Crypto Alternatives to Consider
The meme coins above offer investors an excellent chance of making solid gains.
While the future is always uncertain when it comes to crypto, these names could be among the best crypto to buy today.
However, those looking for a greater probability of short-term gains should consider an alternative high-risk, high-reward investment strategy: getting involved in crypto presales.
Pre-sales provide investors with a routine to get involved in a project at its earliest stages, and thus potentially realize returns of up to 100x.
If investors can identify projects with solid foundations, the risk/reward ratio of their investment is very good.
Cryptonews analysts spend a lot of time reviewing new pre-sale projects.
Here are 14 of the best presales of 2024, according to the Cryptonews team:
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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