By Best Crypto to Buy Today – Dogwifhat, PancakeSwap, Toncoin
While the Bitcoin bulls remain very much in control, with BTC hitting fresh record highs above $73,000 on Wednesday, investors looking to diversify their holdings continue to scour the altcoins markets for the best crypto to buy today.
Bitcoin ETFs saw record inflows of more than $1 billion on Tuesday, as inflows from Wall Street continue to accelerate.
With institutional investors chomping at the bit to secure BTC ahead of the inflation rate halving in April, risks remain strongly tilted to the upside for Bitcoin.
A test of $100,000 in the coming months remains very much on the cards.
For investors that don’t yet own crypto, Bitcoin is surely one of the best crypto to buy today.
But investors that already own a sizeable portion of BTC may be looking to increase their risk exposure to benefit more from the coming bull market.
They will likely be looking over altcoins markets in the hunt for the best alternative crypto to buy today.
Here are some of the best-performing altcoins on Wednesday that investors will be monitoring.
Best Crypto to Buy Today
Toncoin (TON)
Private messaging app Telegram-affiliated cryptocurrency Toncoin (TON) has pumped a huge 17% in the past 24 hours, as per CoinMarketCap.
The crypto was last changing hands around $4.44, having hit new record highs at $4.60 earlier in the day.
TON’s market cap was last around $15.4 billion. Its fully diluted market cap is around $22.7 billion.
TON’s affiliation to Telegram, which positions it closely at the fingertips of the apps hundreds of millions of daily users, suggests it could be a leader this bull market.
Given that it could yet 3-5x from here, TON could easily be the best crypto to buy today.
Dogwifhat (WIF)
Dogwifhat (WIF) is leading the meme coin market on Wednesday, up 36% in the past 24 hours as per CoinMarketCap.
WIF just hit a new all-time high above $2.60, with its market cap now above $2.6 billion.
With Dogecoin’s market cap last around $24 billion, WIF could have a lot higher yet to run.
The prospect of 10x gains from here ranks WIF as potentially the best crypto to buy today.
PancakeSwap (CAKE)
DEX PancakeSwap’s CAKE token is pumping on Wednesday, last up around 13.5% in 24 hours as per CoinMarketCap.
The pump comes after the DEX launched its V4 to make trading more efficient.
Last at $4.80, CAKE’s market cap is around $1.17 billion.
If it can break above $5.30 resistance, the door will reopen to a run towards $10.
CAKE might even be able to challenge its 2021 record highs near $50. ‘
That could mean 10x gains are on the cards for the crypto, ranking it as potentially the best crypto to buy today.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great chance to make solid gains.
While the future is always uncertain in crypto, these names could be among the best crypto to buy today.
However, those looking for a better probability of near-term gains should consider an alternative high-risk, high-reward investment strategy—getting involved in crypto presales.
Presales offer investors a routine to get involved in a project at its very early stages, and thus potentially make returns of as much as 100x.
If investors can identify projects with solid foundation, the risk/reward of their investment is very good.
Analysts at Cryptonews spend a lot of time examining new presale projects.
Here are 14 of the best presales of 2024, according to the team at Cryptonews:
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