📰 Table Of Contents
Cryptowire: Best Crypto to Buy Today
Following a quiet start to the week for Bitcoin (BTC) and Ether (ETH), both of which are rangebound in the $68,000 and $3,500/600 areas amid tentative trade ahead of this week’s FOMC meeting, crypto investors looking for the best crypto to buy today are eyeing up movers and shakers in the altcoin market.
Federal Reserve Meeting Impact
The Fed is expected to leave interest rates unchanged. Traders will be rhetoric relating to potential rate cuts later this year. Hotter-than-expected inflation and an economy that is also beating expectations has seen markets pull back on rate cut bets recently. That has come as a minor headwind to major cryptos like Bitcoin. Indeed, macro headwinds may have triggered the profit-taking that has driven the price 7.5% down versus last week’s highs. But many names in the altcoin space have been immune to profit-taking.
Best-Performing Coins on Monday
Here are some of the best-performing coins on Monday that could be the best crypto to buy today:
- Jupiter (JUP): Jupiter (JUP), Solana’s biggest decentralized exchange, is pumping on Monday, having rallied 12% in 24 hours as per CoinMarketCap.
- Fantom (FTM): Previously seen as a major competitor to Ethereum and darling amongst crypto investors, Fantom (FTM) is attempting a comeback.
- XRP (XRP): XRP is picking up on Monday, last up around 7% in the past 24 hours near $0.66.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great chance to make 10x gains. 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 Cryptowire 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. See the 14 Cryptocurrencies.
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.
