Altcoins
PEPE, THETA and PYTH among the best cryptos to buy today
Last Updated: February 27, 2024, 3:17 PM EST | 2 minutes of reading
As Bitcoin (BTC) hits more than two-year highs with growing demand for its recently launched spot ETFs in the United States, investors looking for the best crypto to buy today For quick gains, we scour the altcoin markets.
Bitcoin surpassed $57,000 on Tuesday as ETF spot trading volumes hit new record.
ETF entries, the upcoming halvingand planned Fed rate cut this could mean that Bitcoin is poised to hit new all-time highs above $69,000 this year.
This could mean a short-term upside of at least 20%, making Bitcoin one of the best cryptocurrencies to buy today.
But smaller, lesser-known altcoins with strong momentum and bullish narratives are likely to post even greater gains.
Here are some of Tuesday’s top performers that could be the best crypto to buy today.
Best Crypto to Buy Today
Pepe Coin (PEPE)
Pepe Coin (PEPE) bulls are regaining control.
The price of PEPE is up nearly 50% in the past 24 hours, according to CoinMarketCap.
Lasting around $0.00000227, the momentum has picked up since the coin broke above the $0.0000019 resistance.
PEPE now has every chance of returning to its record highs of June 2023, around $0.0000045.
This means a short-term upside potential of up to 2-3x.
Pepe Coin is therefore surely one of the best cryptos to buy today.
Theta Network (THETA)
The new “dual network” Theta Network is one of the best performing cryptos on Monday, up 25% in 24 hours.
THETA price hit $2.30 earlier, its highest level since early 2022.
It has since returned to around $2 per token.
But assuming it can break above the $2.30 resistance, there is a clear path to 2.5x gains up to $4.50.
Theta Network combines a smart contract-enabled layer 1 blockchain with a data and storage network.
With a market cap of only around $2.0 billion, THETA has a lot of upside going into this bull market.
This is why THETA could be the best crypto to buy today.
Python Network (PYTH)
Another cross-blockchain connectivity and data sharing network, Pyth Network (PYTH), could be another of the best cryptocurrencies to buy today.
PYTH price is up around 22% in 24 hours, according to CoinMarketCap.
The protocol is designed to provide real-time off-chain financial data to smart contracts and dApps across multiple blockchains.
PYTH last pumped to new all-time highs above $0.80.
But with its market cap still modest at only around $1 billion, there’s plenty of upside potential left for PYTH.
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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