Altcoins
Best Crypto to Buy Today, March 26 – Internet Computer, Aptos, Fetch.ai
Last updated: March 26, 2024, 12:15 p.m. EDT | 3 minutes of reading
As major cryptocurrencies consolidate near their two-week highs, with Bitcoin (BTC) holding just above $70,000 and Ether (ETH) near $3,600, traders looking for the best crypto to buy today are influential players in the altcoin market.
Cryptocurrency sentiment got a boost Monday amid macroeconomic tailwinds and news that the London Stock Exchange plans to list Bitcoin and Ether ETNs.
Spot Bitcoin ETFs also saw net inflows for the first time in 5 days. It is despite Bleeding GBTC An additional $350 million.
As traders weigh the prospect of an impending event, synchronized easing cycle of global central banksETF flows and next Bitcoin halvingprice risks probably remain on the upside for the main cryptocurrencies.
Bitcoin has a good chance of reaching $100,000 this year. The prospect of additional 40% gains makes it a strong contender for the best cryptocurrency to buy today.
But many traders with a higher risk tolerance hope for much larger short-term gains.
The only place to find assets with a chance of generating gains 5x or more is altcoin walk.
Here are some of the best performers on Tuesday that could be the best crypto to buy today.
Best Crypto to Buy Today
Internet Computer (ICP)
Up almost 14% in 24 hours, Internet Computer (ICP) is one of the best performing cryptos on Tuesday.
Finally, at $19.50, ICP recently broke convincingly north of a prior multi-week range of $10-16.
ICP is now up more than 80% from its low of around $10.50 five days ago. But ICP is still down more than 94% from its 2021 record highs, around $350.
Its modest market capitalization, currently just over $10 billion, suggests there is plenty of room for growth.
ICP may not reach its 2021 highs anytime soon, but 10x gains are certainly possible. This means it could easily be the best cryptocurrency to buy today.
Aptos (APT)
The much-hyped Layer 1 blockchain protocol, Aptos (APT), is nearing a retest of its highest levels ever.
APT was last up 13% on Tuesday in the $18 range, according to CoinMarketCap.
If it can break north of its all-time highs above $20, the sky will become the limit. Of course, this assumes that Aptos sees significant real-world adoption in the coming years.
Aptos was developed by a team of well-connected former Facebook employees who were behind the failure of the social media platform’s Libra cryptocurrency.
Compared to its future potential, its market capitalization of $7.4 billion and fully diluted capitalization of $20.3 billion may be undervalued.
Aptos might just be the best crypto to buy today.
Recover.ai (FET)
Decentralized machine learning platform Fetch.ai (FET) has been booming in recent days.
It was latest increase of around 5% in the last 24 hours around $0.975, according to CoinMarketCap.
FET is closing in on a retest of its 2021 highs in the $1.20 area, which could mean quick gains in the 20% range.
But FET has a modest market cap of only around $800 million and a promising AI use case.
This suggests it could go much higher, perhaps posting gains in the 4-5x range.
This makes Fetch.ai one of the best cryptos to buy today.
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 tokens from 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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