By Cryptocurrencies like TON, NEAR, INJ compete for best crypto to buy today Image by cryptonews.com
Following a choppy day in blue-chip crypto markets on March 12 that saw Bitcoin (BTC) hit fresh all-time highs (ATHs) above $73,000 before dropping as low as the $68,000s, investors are hunting for the best crypto to buy today for near-term gains.
Bitcoin remains a strong candidate for best crypto to buy today, and an integral part to any crypto investor’s portfolio.
Profit-taking long-liquidations saw BTC reverse sharply lower after fresh ATHs were printed above $73,000.
But Bitcoin has since rebounded strongly back into the mid-$71,000s and remains 12.5% up in seven days, as per CoinMarketCap.
Indeed, Bitcoin is up a staggering 47% in 30 days, propelled higher by a powerful wave of ETF demand.
Bulls remain very much in control, and there remains an outside chance that the cryptocurrency can challenge $100,000 soon.
That’s because hype surrounding the halving in April, which will halve BTC’s inflation rate, is yet to hit fever pitch.
The prospect of quick potential 40% gains from here means Bitcoin certainly ranks amongst the best crypto to buy today.
But some investors will be hoping to book much larger short-term profits, perhaps in the 5-10x region.
They will likely be scouring altcoin markets for smaller-cap, lesser-known cryptos that carry big potential.
Here are some of Tuesday’s best-performing names that could be the best crypto to buy today.
Best Crypto to Buy Today
Toncoin (TON)
After breaking out to fresh all-time highs on Tuesday, Telegram-affiliated cryptocurrency Toncoin (TON) is pumping hard.
As per CoinMarketCap, TON was last up around 25% in 24 hours, with its market cap approaching $15 billion.
Its affiliation to world-leading private messaging application Telegram positions Toncoin as a potential leader in the 2024 bull market.
Its market cap could go a lot higher from here, with investors potentially set for 3-5x gains.
That’s why it could be the best crypto to buy today.
NEAR Protocol (NEAR)
Ethereum rival NEAR Protocol’s native token NEAR is up close to 24% in the past 24 hours on Tuesday.
Last just above $8.0, the cryptocurrency is eyeing a quick 2.5x rally back to record high near $22.
With a market cap of just under $9 billion and fully diluted market cap of still under $10 billion, NEAR could easily 3-5x from here.
That’s why it also ranks as potentially the best crypto to buy today.
Injective (INJ)
Decentralized trading protocol Injective (INJ) just hit fresh record highs above $51 per token.
That leaves it more than 50x up already versus 2022’s lows just above $1.0 per token.
Up nearly 20% in the past 24 hours, INJ’s market cap has recovered to around $4.7 billion.
That leaves plenty of room for further growth for the cryptocurrency, with 5-10x gains a possibility.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great chance to make 10x gains.
But, for those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 14 of what the project deems as the best crypto presales of 2023.
The post Best Crypto to Buy Today March 12 – Toncoin, NEAR Protocol, Injective appeared first on Cryptonews.
