Cryptocurrencies like FLOKI, THETA, NEAR compete for best crypto to buy today Image by cryptonews.com
As Bitcoin (BTC) pushes into the $72,000s for the first time ever and Ether (ETH) rallies to the north of $4,000, crypto investors are assessing which might be the best crypto to buy today.
Strong spot Bitcoin ETF demand ahead the supply shock of the Bitcoin halving has propelled Bitcoin higher in recent weeks.
This has bled across to other sectors of the crypto market, with major meme coins outperforming notably in recent weeks.
Bitcoin looks to be on course to hit $100,000 in the coming weeks and months.
Some are even betting it could reach six digits before the April halving.
Ether, meanwhile, looks to be on course to soon clinch new record highs.
With the outlook for both cryptocurrencies looking very strong, both BTC and ETH are integral to any crypto investor’s portfolio.
But with BTC and ETH’s potential gains in the 2-3x range, highly risk-tolerant crypto investors often crave greater upside exposure.
That’s why they often turn to altcoin markets to hunt for lesser-known but high-potential cryptos.
Here are some of Monday’s best-performing altcoins, each of which could be the best crypto to buy today.
Best Crypto to Buy Today
Theta Network (THETA)
Novel “dual network” Theta Network is one of the best-performing cryptos on Monday, up 25% in 24 hours.
THETA’s price pumped to as high as $ 3.80 earlier, its highest since April 2022.
It has since retraced to around $3.65 per token.
But since pushing above $2.30 resistance, there is a clear path to resistance at $4.50.
Theta Network combines a smart-contract-enabled layer-1 blockchain with a data and storage network.
With a market cap of only around $3.6 billion, THETA has plenty of upside left for this bull market.
That’s why THETA could be the best crypto to buy today.
Floki (FLOKI)
FLOKI (FLOKI), the Shiba Inu meme coin that was created in honor of Elon Musk’s pet Shiba Inu dog, is a leading coin on Monday.
As per CoinMarketCap, it was last up 21% in 24 hours, with its market cap surpassing $2.5 billion.
But with Dogecoin and Shiba Inu both valued above $20 billion, it could have a long way higher to run.
That’s why, despite having already pumped a long way, it could be the best crypto to buy today.
NEAR Protocol (NEAR)
Layer-1 protocol NEAR Protocol (NEAR) is up around 20% in the past 24 hours, as per CoinMarketCap.
Last just above $7.0, NEAR recently hit its highest-ever levels.
Amid a lack of notable upside resistance levels, the sky is now the limit for NEAR.
With a market cap of currently only slightly above $7 billion, if it continues to garner widespread adoption, NEAR Protocol has the potential to still rally 5-10x from here.
That’s why NEAR could be best crypto to buy today.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great chance to make 10x gains.
But, 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 Cryptonews 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
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