As crypto markets take a breather following a massive rally following Wednesday's Fed meeting, investors looking for the best cryptos to buy today are looking for outperforming stocks in the altcoin market. .
Bitcoin (BTC) last consolidated in the mid-$66,000 range, and earlier in the day it rose above $68,000.
As a result, the world's largest cryptocurrency remains nearly 10% higher than Wednesday's low.
Meanwhile, Ether (ETH) is consolidating around $3,500, up nearly 15% from Wednesday’s lows.
The strength of Ether's rebound is surprising to some, given recent news that the SEC is moving to classify ETH as a security.
Bulls will be hoping that the recent rally marks an end to a market retracement driven primarily by profit taking.
Bitcoin could easily test its all-time high near $74,000 hit last week.
Analysts expect BTC to reach $100,000 this year, making it a likely candidate for the best cryptocurrency to buy today.
However, smaller, lesser-known altcoins can offer greater returns.
Here are some of the best cryptocurrencies to buy today.
Best cryptocurrencies to buy today
ONDO
Ondo DAO and Flux Finance’s native governance token, Ondo (ONDO), is gaining momentum.
According to CoinMarketCap, the cryptocurrency is up more than 36% in the past 24 hours. ONDO's market capitalization currently exceeds $1 billion on a trading volume of nearly $500 million.
ONDO recently hit an all-time high above $0.80, and now the sky is in sight.
ONDO could rise further as DeFi protocol Flux Finance gains momentum.
The card's 5x return could make ONDO the best cryptocurrency to buy today.
Jasmy coin (JASMY)
JasmyCoin (JASMY), a decentralized Internet of Things (IoT) protocol, has seen a significant rise, gaining 31% in 24 hours.
Last seen at $0.0225, JASMY is currently up 660% compared to its 2023 low of around $0.003.
However, JASMY is still down about 94% compared to its all-time high of over $0.36 in late 2021.
This suggests that it is still very early to see a return to the coin, assuming it continues to gain momentum in the broader market.
Therefore, JASMY is a great candidate for the best cryptocurrency to buy today.
FLOKI
FLOKI, the Shiba Inu meme coin created in honor of Elon Musk's pet Shiba Inu, became the leading coin on Thursday.
According to CoinMarketCap, it rose 26% in the last 24 hours, taking its market cap to more than $2.1 billion.
But Dogecoin and Shiba Inu are both worth more than $20 billion, and operating costs could be even higher.
That's why it could be the best cryptocurrency to buy today, even though it has already come a long way.
Crypto Alternatives to Consider
All of the above-mentioned coins offer potential investors an excellent opportunity to make 10x returns.
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.
This is where investors buy tokens for emerging crypto projects to fund their development.
These tokens are almost always sold cheaply and have a long history of pre-sales that yield huge exponential returns for early investors.
Many of these projects have great teams and great visions to deliver innovative crypto applications/platforms.
If investors can identify such projects, the risk and return of pre-sale investing is very good.
The team at Cryptonews spends a lot of time vetting pre-sale projects to help investors.
Below is a list of 14 that the project deemed the best crypto presales of 2023.
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.
