Altcoins
Best Crypto to Buy Today March 15 – Jupiter, Conflux, Solana
Last updated: March 15, 2024, 8:05 p.m. EDT | 2 minutes of reading
On a day when crypto markets succumb to profit-taking, investors are looking for the best crypto to buy in order to benefit from the recent market decline.
Bitcoin (BTC) was last trading around $68,000, down about 3.5% over the past 24 hours. Ether (ETH), meanwhile, is down about 4.2% over the same period and is trading near $3,700.
Both cryptos continue to trade with gains of over 30% over 30 days, driven primarily by huge Spot Bitcoin ETF request.
But ETF buyers were strong enough to support the market on Friday. More traders started taking profits in the second half of the week as the macroeconomic backdrop turned into a headwind.
DXY and US yields rose this week as macro traders reduced their bets on Fed rate cuts following the latest CPI and PPI inflation figures.
Some believe that $74,000 may have been the peak before Bitcoin halving. This suggests that it’s probably not one of the best cryptocurrencies to buy today.
But others altcoins continued to pump. Here are some of the top performers that traders will be watching that could be the best crypto to buy today.
Best Crypto to Buy Today
Jupiter (JUP)
Jupiter (JUP), Solana’s largest decentralized exchange, is rising on Friday, after rising 23.5% in 24 hours according to CoinMarketCap.
The token just reached new record highs above $1.2, giving it a market capitalization of $1.6 billion. Its fully diluted market capitalization is $12.17 billion.
That’s about $1 billion less than the fully diluted market capitalization of Uniswap, the most established DEX.
For reference, Uniswap’s outstanding market capitalization was approximately $7.8 billion. The cryptocurrency reached a market cap of $22.6 billion in 2021, so it could easily grow 3x from here.
Jupiter, as the leader of the Solana ecosystem, could see even greater gains.
This is why it potentially ranks as the best cryptocurrency to buy today.
Conflux (CFX)
Conflux (CFX) is one of the best performers today, up 18.5% in 24 hours according to CoinMarketCap.
CFX aims to challenge early 2023 highs in the $0.49 area.
If it can break out here, a quick push towards late 2021 highs around $0.84 is expected.
The prospect of a 2x upside in the near term means that CFX could easily be the best crypto to buy today.
Solana (SOL)
Complementing the token’s pump from its largest DEX, Solana (SOL) is also up sharply on Friday.
SOL was last about 7% higher over the past 24 hours, according to CoinMarketCap.
Last above $180, SOL is heading towards its region of $260, its 2021 high.
Another 50% bounce from current levels is easily possible for the token, ranking it as potentially the best crypto to buy today.
Crypto Alternatives to Consider
All of the coins above offer potential 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 seeking a greater probability of short-term gains should consider an alternative high-risk, high-return 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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