Traders buy today as Bitcoin (BTC) consolidates just below its recent high of $60,000 and major coins like Ether (ETH) and Solana (SOL) take a breather from the rally. I am scouring the altcoin market in search of the best virtual currency for. It can bring quick profits.
Strong demand for ETFs ahead of the upcoming halving has driven Bitcoin up 20% over the past seven days.
But the speed of the rally has some traders worried that a short-term correction could be delayed.
As a result, while Bitcoin is still a must-own asset, it may not be the best cryptocurrency to buy today.
Lesser-known altcoins with strong bullish momentum may have a better chance of delivering rapid returns to investors.
Let's take a look at some of the best crypto suggestions to buy today.
Best cryptocurrencies to buy today
Axela (AXL)
Web3 interoperability platform Axelar (AXL) rose 30% on news of Binance listing.
However, traders may still be able to buy the dip.
Having traded just above $2.0 in recent trading, AXL is down 25% from its pre-session high near $2.70.
Given its modest market capitalization of only around $1.2 billion, Axelar may be the best cryptocurrency to buy right now.
SingularityNET (AGIX)
AI token SingularityNET (AGIX) is rising strongly after a bullish short-term breakout.
According to CoinMarketCap, AGIX rose 30% in 24 hours after breaking a short-term downtrend.
AGIX was last trading at just under $0.90, with a market cap of just under $1.2 billion.
Its modest valuation and exciting AI use cases suggest it could easily quintuple in the next year.
This is why AGIX ranks as one of the best cryptocurrencies to buy today.
Pepe (Pepe)
On Friday, PEPE bulls regained control, sending the cryptocurrency’s price up a whopping 25%.
PEPE last opened trading around $0.0000037, with a market cap of over $1.5 billion.
Pepe bulls are eyeing a retest of the $0.0000045 all-time high and a breakout to higher levels.
Traders will remember that in 2021, Dogecoin and Shiba Inu's market cap reached tens of billions of dollars.
And this bull market could become even more explosive for memecoins.
Pepe could still comfortably reach 10 times his current level.
That's why it ranks as one of the best cryptocurrencies to buy today.
Crypto Alternatives to Consider
All of the above-mentioned coins offer potential investors a chance to make a 10x return.
While the future of cryptocurrencies is always uncertain, these stocks could be some of the best cryptocurrencies to buy right now.
However, for those looking for a higher probability of short-term profits, an alternative high-risk, high-reward investment strategy to consider is participating in cryptocurrency presales.
Presales provide investors with a routine to participate from the very early stages of a project, potentially yielding returns as high as 100x.
If investors can identify projects with solid foundations, the risk and return of the investment is very good.
Cryptonews analysts spend a lot of time researching new presale projects.
Here are the 14 best presales of 2024, according to the team at CryptoNews.
See 14 cryptocurrencies
Disclaimer: Cryptocurrency is a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You could lose all your capital.
