As Bitcoin (BTC) continues its upward trajectory, reaching unprecedented levels above $72,000, and Ether (ETH) surges past $4,000, investors are evaluating the best cryptocurrencies to invest in today. The surge in Bitcoin’s price can be attributed to strong demand for spot Bitcoin ETFs ahead of the impending Bitcoin halving, leading to a ripple effect across the crypto market. Notably, meme coins have seen significant gains in recent weeks.
Bitcoin is poised to potentially reach $100,000 in the near future, with some speculating it could even hit six digits before the upcoming halving in April. Similarly, Ether is on track to achieve new all-time highs. Given the positive outlook for both BTC and ETH, they remain essential components of any crypto investor’s portfolio. However, for investors seeking higher returns and greater exposure, exploring the altcoin market for lesser-known but promising cryptocurrencies is a common strategy.
Here are some of the best-performing altcoins as of Monday, each presenting a potential opportunity for investors looking for the best crypto to buy today:
Theta Network (THETA)
Theta Network, with its innovative “dual network” approach, has surged by 25% in the past 24 hours, reaching a price peak of $3.80, its highest since April 2022. Despite a slight retracement to around $3.65, THETA has broken through the $2.30 resistance level, indicating a clear path towards $4.50. Combining a smart-contract-enabled layer-1 blockchain with a data and storage network, THETA, with a market cap of approximately $3.6 billion, still has significant upside potential in this bullish market, making it a compelling choice for investors today.
Floki (FLOKI)
FLOKI, the meme coin inspired by Elon Musk’s Shiba Inu dog, has emerged as a top performer, with a 21% increase in the last 24 hours and a market cap exceeding $2.5 billion. While FLOKI has already seen substantial gains, considering the valuations of Dogecoin and Shiba Inu above $20 billion, there may be further room for growth, making it a noteworthy option for investors seeking the best crypto to buy today.
NEAR Protocol (NEAR)
NEAR Protocol, a layer-1 protocol, has seen a 20% surge in the past 24 hours, hovering just above $7.0. With its recent record highs and a market cap slightly above $7 billion, NEAR Protocol has the potential for significant growth, especially with no notable resistance levels in sight. If NEAR continues to gain widespread adoption, it could potentially rally 5-10 times from its current levels, positioning it as a strong contender for the best crypto to buy today.
In addition to these options, investors looking for potential high returns in the short term may consider participating in crypto presales as an alternative high-risk, high-reward investment strategy. By investing in tokens of emerging crypto projects during their presale phase, investors can support their development at lower prices, often leading to substantial gains. Identifying promising presale projects with strong teams and innovative visions can offer attractive risk/reward opportunities for investors.
While cryptocurrencies present opportunities for significant gains, it’s crucial to recognize that they are high-risk assets. This article serves as informational content and does not constitute investment advice. Investors should exercise caution and conduct thorough research before making any investment decisions in the crypto market.