Best Crypto to Buy Today March 28 – Dogwifhat, Dogecoin, Core

Last updated: March 28, 2024, 6:52 p.m. EDT | 3 minutes of reading

Cryptocurrencies like ENA, LTC, BGB compete for the best crypto to buy today Image from cryptonews.com

As Bitcoin (BTC) holds north of the $70,000 level amid reports in Chinese media that President Xi Jinping has ordered the PBoC to restart bond purchases for the first time in decades , investors are scouring the altcoin markets as they search for the best crypto to buy today.

China moves towards quantitative easing (QE) comes at a time when most other major global central banks are also about to soften. The Fed, ECB and BoE are all expected to cut rates this year.

The easing of financial conditions has always been a very positive element for cryptocurrency prices. This is largely because easier financial conditions boost investors’ risk appetite, benefiting riskier asset classes like stocks and cryptocurrencies.

End-of-quarter turmoil as traders place their expiring options positions could shake things up this week.

But Bitcoin price risks are firmly tilted to the upside in a favorable macroeconomic context as the halving approaches.

These two themes, along with Bitcoin’s strong performance in the first quarter, could encourage more traditional investors to increase their exposure to BTC via Spot Bitcoin ETF purchases.

New ETF inflows could add another tailwind to the BTC market in the second quarter, as was the case in the first quarter.

Bitcoin is expected to reach $100,000 this year. This could mean an uptick of 40-50% from current levels.

For all investors new to crypto, Bitcoin is definitely the best crypto to buy today. After all, it is the oldest and most trusted cryptography, with by far the greatest adoption. It is also the best performing asset of all time.

Some investors with a high risk/reward appetite, however, will aim for gains above 40 to 50% this year.

Those looking for gains in the 5-10x range will need to find gems of the altcoin market.

Here are some of Thursday’s best performing altcoin names that could be the best crypto to buy today.

Best Crypto to Buy Today

Dog Hat (WIF)

After almost two weeks of consolidation, dog hat (WIF) just hit new record highs above $3.50.

After rising almost 30% today to reach almost $3.90, WIF is closing in on $4 per token. This would take its market capitalization at $4 billion.

That’s still about eight times smaller than Dogecoin, the leading meme coin cryptocurrency. WIF could easily still post 5x gains in this bull market.

This is why WIF potentially ranks as the best cryptocurrency to buy today.

Dogecoin (DOGE)

Speaking of DogecoinThe crypto industry’s leading coin is also rising on Thursday.

Dogecoin (DOGE) was last trading around $0.22, rising 18% today and the highest since December 2021.

That still leaves it down 70% from its 2021 highs in the low $0.70s. Indeed, many believe that possible integration into a future payment system X could propel DOGE above $1.

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

Core (core)

The Layer 1 Core (CORE) blockchain protocol will launch on Thursday. Its blockchain is secured through a combination of delegated Bitcoin mining hashing and delegated proof of stake (DPoS).

According to CoinMarketCap, it increased by more than 15% in 24 hours. This propelled its market capitalization above $1 billion and into the top 100 cryptocurrencies by market value.

Whether blockchain will be widely adopted is anyone’s guess. But with a still modest valuation of just $1 billion, there is plenty of room for upside.

CORE could easily be the best crypto to buy today.

New Crypto ICO Alternatives to Consider

Investing in smaller, lesser-known altcoins is a great way to make a quick crypto profit.

However, investors looking to improve their risk profile should not overlook another highly profitable strategy: investing in new cryptocurrencies. ICO.

Future web3 Startups often seek to raise early-stage funds through the sale of their native protocol token.

These sales are almost always made at a significant discount compared to the potential of the project. For example, most presales will sell their token at a price that gives them a market cap of $10-30 million.

Successful projects can easily become cryptocurrencies with a billion-dollar market cap. Pre-sale investors therefore often target projects with 10 to 50x potential.

Of course, investing in new crypto ICOs carries many of the same risks as traditional startup investing. The success of a project depends largely on the competence of management and execution.

With so many new crypto ICOs to choose from, getting started can be a daunting task.

Fortunately, the experienced Cryptonews team has already done a lot of digging.

Here are 14 of their favorite projects:

See the 14 cryptocurrencies

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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