Altcoins
Best Crypto to Buy Today March 18 – Jupiter, Fantom, XRP
Last updated: March 18, 2024, 7:53 p.m. EDT | 3 minutes of reading
After a quiet start to the week for Bitcoin (BTC) and Ether (ETH), which are both in the $68,000 and $3,500/600 zones amid tentative trading ahead of this week’s FOMC meeting , crypto investors are looking for the best crypto to buy. Today we are monitoring altcoin market participants.
The Fed should leave interest rates unchanged. Traders will be rhetoric regarding possible rate cuts later this year.
Inflation higher than expected and an economy that is also beating expectations has seen markets reverse their bets on a rate cut recently.
This poses a minor obstacle for major cryptocurrencies such as Bitcoin. Indeed, macro headwinds may have triggered profit-taking that sent the price down 7.5% from last week’s highs.
But many names in the altcoin the space has been sheltered from profit taking.
Here are some of Monday’s best performing coins that could be the best crypto to buy today.
Best Crypto to Buy Today
Jupiter (JUP)
Jupiter (JUP), Solana’s largest decentralized exchange, is up on Monday, after rising 12% in 24 hours according to CoinMarketCap.
The token just reached new record highs above $1.5, giving it a market capitalization of over $2.0 billion. Its fully diluted market capitalization was approximately $14 billion.
That’s about $2 billion more than the fully diluted market capitalization of Uniswap, the most well-established DEX.
For reference, Uniswap’s outstanding market capitalization was approximately $7.1 billion. The cryptocurrency reached a market cap of $22.6 billion in 2021, so Uniswap could easily triple from here.
Jupiter, as the leader of the Solana ecosystem, could see even greater gains. Especially following the recent increase in Solana coin trading activity.
This is why it potentially ranks as the best cryptocurrency to buy today.
Ghost (FTM)
Previously considered a major competitor to Ethereum and a darling among crypto investors, Fantom (FTM) is attempting a comeback.
FTM was last up about 10% in the past 24 hours, according to CoinMarketCap.
Last at $0.93, FTM is up almost 440% from its October 2023 lows.
And given its market capitalization still below $3 billion, Fantom has considerable upside potential.
Investors could easily look at 10x gains with FTM, making it one of the best cryptocurrencies to buy today.
XRP (XRP)
XRP resumes on Monday, last rising about 7% in the last 24 hours, near $0.66.
According to CoinMarketCapits market capitalization was just above $36 billion, ranking it the 6th largest cryptocurrency.
Even though it performs well on Monday, XRP remains a laggard this year.
Indeed, XRP has been trading almost flat since the start of the year.
This compares to Bitcoin (BTC) and Ether (ETH), up 60% and 54% respectively.
Solana (SOL) is up an even more impressive 97.5% and BNB (BNB) 76%.
Both exceeded XRP in terms of market capitalization, reaching $89 billion and $82.5 billion, respectively. This is now well over double XRP’s market capitalization of $34 billion.
This means there is room for a catch-up trade.
After all, since mid-2023, XRP issuer Ripple has gained the upper hand in its lawsuit against the SEC.
XRP could easily rise 5x as this crypto bull market matures.
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.