Best Crypto to Buy Today March 20 – KCS, Stacks, Toncoin

Last updated: March 20, 2024, 1:44 p.m. EDT | 2 minutes of reading

Ordinals, Pendle and Hedera demonstrate bullish momentum and could be the best crypto to buy today. Image from cryptonews.com

As concerns over Ether’s regulatory status in the United States weigh on market sentiment Tuesday, and a day after spot Bitcoin ETFs just experienced their biggest daily outflow, traders are looking for the best crypto to buy today to maximize their chances of making quick wins.

The SEC reportedly led a campaign to classify Ether as a security following its move to proof-of-stake.

It is according to a Fortune articlewhich was released shortly after separate reports emerged that the Ethereum Foundation was being served by an unnamed state authority. Ether (ETH) last traded around $3,300still up about 4.7% on the day.

Meanwhile, Bitcoin (BTC) was last trading around $64,000, up about 4% from the previous session’s lows below $62,000.

As SEC seeks to classify Ether as a security, spot ETF applications will likely be rejected by the agency in May. High regulatory uncertainty in the United States suggests that Ether is not the best crypto to buy today.

Bitcoin may not be either. Indeed, profit-taking after hitting new record highs above $73,000 last week may not be over.

There are, however, some small altcoins demonstrating strong upward momentum. Here are some of Wednesday’s top performers that could be the best crypto to buy today.

Best Crypto to Buy Today

KuCoin Token (KCS)

KuCoin Exchange’s native utility token KCS is leading the altcoin market on Wednesday, up 9% in 24 hours. according to CoinMarketCap.

With a still very modest market cap of $1.3 billion, KCS has plenty of room to grow as KuCoin attracts more users in this bull market.

KCS could easily rise 5x from here, making it one of the best cryptos to buy today.

Batteries (STX)

As Bitcoin attempts to rebound from a low of $62,000, one of its most promising Layer 2 networks, Stacks (STX), is pumping.

According to CoinMarketCapSTX last rose 7% in 24 hours.

STX was last trading around $3.13 and eyeing a rebound towards recent highs in the $3.40 area.

With a market cap of just over $4.5 billion, as the leading layer 2 Bitcoin protocol, Stacks potentially has a lot of room to grow in its valuation.

This could make STX one of the best cryptocurrencies to buy today.

Toncoin (TON)

Private messaging app Toncoin (TON), a cryptocurrency affiliated with Telegram, is up 5% in the last 24 hours. according to CoinMarketCap.

The crypto last changed hands around $4.18 and is eyeing a retest of all-time highs recently set at $4.60.

TON’s market capitalization was approximately $14.4 billion. Its fully diluted market capitalization is approximately $22.7 billion.

TON’s affiliation with Telegram, which positions it close to the app’s hundreds of millions of daily users, suggests it could be a leader in this bull market.

Given that it could still rise 3-5x from here, TON could easily be 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-reward investment strategy:get 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 13 of the best crypto presales of 2024, according to the Cryptonews team.

Discover the 13 new cryptocurrencies to buy in 2024

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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