Bitcoin bulls remain very much in control, with Bitcoin hitting a new all-time high above $73,000 on Wednesday, but investors looking to diversify their holdings may want to consider the best cryptos to buy today. Continuing to search the altcoin market for currency.
Bitcoin ETFs saw record inflows of more than $1 billion on Tuesday as inflows from Wall Street continue to accelerate.
Bitcoin's risk remains heavily tilted to the upside as institutional investors scramble to secure Bitcoin ahead of April's halving of inflation.
It is very likely that we will see a $100,000 test within the next few months.
For investors who don't yet own any cryptocurrencies, Bitcoin is definitely one of the best cryptocurrencies to buy today.
However, investors who already own a significant portion of Bitcoin may be looking to increase their risk exposure in order to benefit more from the upcoming bull market.
They will likely be researching the altcoin market looking for the best alternative cryptocurrencies to buy today.
Below are some of Wednesday's best-performing altcoins that investors are keeping an eye on.
Best cryptocurrencies to buy today
Toncoin (TON)
According to CoinMarketCap, the cryptocurrency Toncoin (TON), owned by private messaging app Telegram, has increased by a significant 17% in the past 24 hours.
The cryptocurrency was last trading around $4.44 and hit a new record high at $4.60 earlier in the day.
TON's market capitalization was most recently around $15.4 billion. Fully diluted market capitalization would be approximately $22.7 billion.
TON's partnership with Telegram positions the app to be readily available to hundreds of millions of daily users, suggesting the company could be a leader in this bull market.
Given that it can still go up 3-5x from here, TON could be the best cryptocurrency to buy today.
Dogwifat (WIF)
Dog Wifat (WIF) led the meme coin market on Wednesday, rising 36% in the past 24 hours, according to CoinMarketCap.
WIF just hit a new all-time high of over $2.60, and its market cap is now over $2.6 billion.
Dogecoin has a market capitalization of around $24 billion, so WIF could potentially even exceed that.
With a potential 10x return from here, WIF could rank as the best cryptocurrency to buy today.
Pancake swap (CAKE)
DEX PancakeSwap’s CAKE token was on the rise on Wednesday, gaining about 13.5% in 24 hours, according to CoinMarketCap.
This pump appeared after the DEX released V4 to make trading more efficient.
With a final price of $4.80, CAKE's market cap is approximately $1.17 billion.
A breakout of the $5.30 resistance will send the door back towards $10.
CAKE may also be able to challenge the 2021 all-time high near $50. '
This means you can expect a 10x return on the cryptocurrency, potentially ranking it as the best cryptocurrency to buy today.
Cryptocurrency Alternatives to Consider
All the above-mentioned coins offer potential investors a great chance of making solid profits.
While the future of cryptocurrencies is always uncertain, these stocks could be some of the best cryptocurrencies to buy right now.
However, those who want to increase their chances of short-term profits should consider another high-risk, high-return investment strategy: 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 pre-sale 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.
