📰 Table Of Contents
Cryptocurrency Market Update
On a day where blue-chip crypto markets are trading with a bearish bias, investors are scouring altcoin markets for strong performers that could be the best crypto to buy today. Bitcoin (BTC) and Ether (ETH) are both down around 5% in 24 hours, as markets swoon amid macro headwinds.
Market Trends
- Strong US manufacturing data on Monday has been interpreted by the market as likely to delay Fed rate cuts.
- The US dollar and US bond yields have since vaulted higher, pressuring US stocks and the crypto market.
- Bitcoin was last trading near $66,000, having dipped as low as the $64,000s earlier in the day.
Altcoin Performances
While major cryptos are suffering, a few smaller altcoins are pumping hard. Here are some of the best performers on Tuesday that could be the best crypto to buy today.
Best Crypto to Buy Today
Ethena (ENA)
The token of Decentralized Finance (DeFi) protocol Ethena (ENA) launched on Tuesday and has been performing well. ENA was last trading around $0.82, up around 20% from its launch price of closer to $0.60.
Litecoin (LTC)
Despite the market’s broadly bearish Tuesday trading conditions, Litecoin (LTC) is perky. LTC jumped 8% in the past 24 hours to around $107. Litecoin could be the best crypto to buy today, given it could be about to bust through its 2023 highs, opening the door to further upside.
Bitget Token (BGB)
Centralized cryptocurrency exchange Bitget’s native token Bitget Token (BGB) just pumped to record highs above $1.17. BGB is up over 8.5% in 24 hours and is up 600% versus last summer’s lows.
Alternative to Consider – Dogecoin 20
The above noted coins could deliver solid gains, but a promising new token called Dogecoin20 being watched by analysts at Cryptonews could be just the ticket. Dogecoin20 is a rework of the meme coin Dogecoin beloved by Elon Musk that just launched in presale.
Interested investors should move quickly to secure their tokens before the presale ends on doge day in 17 days. At a current price of $0.00022, investors are able to buy into the token at a hugely discounted valuation.
For a meme coin that could easily be 10x to above $300 million, or 100x to above $3 billion, investors are rushing to get involved.
Cryptonews analyst Ari ranks Dogecoin20 as one of his top cryptos to buy right now.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
