Worldcoin, The Graph, Arweave – Best crypto to buy today?

Last Updated: February 19, 2024 10:41 AM EST | 3 minutes of reading

Cryptocurrencies like Worldcoin, The Graph and Arweave compete for the best crypto to buy today Image from cryptonews.com

As Bitcoin (BTC) held above $52,000 on Monday following data revealing record weekly inflows into crypto investment products, investors are scouring the altcoin markets to find the best crypto to buy today today.

Crypto investment products saw inflows of just under $2.5 billion last week, according to a weekly blog post from Coin Shares.

This is the highest amount ever reached and annual revenues amount to $5.2 billion.

Bitcoin unsurprisingly, represents the lion’s share of these entries following the approval in January of spot Bitcoin ETFs.

But as flows continue to support Bitcoin’s price, potentially making it the best cryptocurrency to buy today, attention turns to Ether (ETH), the second largest cryptocurrency by market capitalization.

While BTC is up around 7% in the past week, ETH is up almost 15% and is above $2,900.

Miscellaneous Ether-based spot ETFs are likely to be approved this year, Bernstein argued Monday.

This, combined with The deflationary tokenomics of Ether, staking yield dynamics and environmentally friendly design could make ETH the next “institutional darling”.

With Ether likely to surpass $3,000 imminently, it could be another candidate for the best crypto to buy today.

While blue boat cryptocurrencies can offer the prospect of significant short-term gains, altcoin bets could yield even bigger winnings.

This is because smaller market cap tokens from lesser-known projects are much more volatile due to their low liquidity.

Here are some of the best small-cap alternative altcoins that could be the best crypto to buy today.

Best Crypto to Buy Today

Worldcoin (WLD)

Having now reached 1 million users worldwide and following OpenAI’s launch of a new text-to-video generator Sora, Worldcoin (WLD) is booming.

Up 35% in the last 24 hours, according to CoinMarketCapWLD just hit new all-time highs near $8.

Worldcoin was founded by Sam Altman, CEO of OpenAI, hence the correlation with positive developments in OpenAI.

With a market capitalization that is still low, less than $1 billion, WLD has plenty of room for growth.

This is why WLD could be one of the best cryptocurrencies to buy today.

The chart (GRT)

Blockchain information retrieval protocol The Graph (GRT) is also pumping on Monday.

GRT increased by around 20% in 24 hours, according to CoinMarketCapand reached its highest level since May 2022.

GRT was last trading just above $0.26, after breaking above resistance around $0.23.

The gate is known for a rapid rise into the $0.50s.

The prospect of quick 2x gains means GRT could be the best crypto to buy today.

Arweave (AR)

Up more than 16% in the last 24 hours according to CoinMarketCapArweave (AR) is eyeing a breakout above long-term resistance.

If AR manages to surpass the resistance in the $15-18 area, the return to bull market conditions will finally be confirmed.

AR could quickly triple resistance at the $42 area.

Arweave is a decentralized storage network.

Kombat Meme (MK)

Well-established altcoins like Worldcoin, The Graph, and Arweave can offer investors excellent risk-reward.

But another alternative investment strategy that risk-tolerant investors might consider is getting involved in cryptocurrency pre-sales.

Presales allow startup projects to offer native tokens at early discounts before the public listing sends prices skyrocketing.

Although pre-sales carry risks similar to investing in a startup, they can offer enormous upside potential.

One pre-sale project that the Cryptonews team has been monitoring closely is a meme coin called Kombat meme (MK).

Meme Kombat mixes GameFi and GambleFias characters representing all major coin communities compete in a fierce battle arena.

To finance the development of its platform, Meme Kombat carried out a pre-sale of its native MK token.

And the tokens soared, with the presale quickly approaching $9.25 million in funds raised.

Potential investors therefore lack time to get involved before the $10 million cap is reached.

Meme Kombat’s broad appeal to coin investors, strong pre-sale demand, exciting use case and growing interest on social networks suggest this token could explode when it launches later this year.

Visit Meme Kombat here

Fuente