Bitcoin’s (BTC) run higher accelerated on Wednesday, with the cryptocurrency briefly pushing as high as $64,000 before quickly correcting back to $58,200.
With a surge beyond all-time highs of around $69,000 on the horizon, Bitcoin is undoubtedly a candidate for the best crypto to buy today and should be a key part of any crypto investor’s portfolio.
Demand for spot Bitcoin ETFs has continued to accelerate throughout the week.
Indeed, daily trading volumes in BlackRock’s leading spot Bitcoin ETF hit fresh record highs above $2.7 billion on Wednesday.
As Bitcoin surged past $60,000 and on toward a new record, investors pumped a record $520 million into BlackRock’s Bitcoin ETF in a single day https://t.co/a1CkGR9J6w
— Bloomberg Crypto (@crypto) February 28, 2024
Meanwhile, as per crypto media reports, US investment banking giant Morgan Stanley could be considering adding spot Bitcoin ETFs to its massive brokerage platform.
This could open the door to a fresh wave of inflows.
MORGAN STANLEY EVALUATING SPOT BITCOIN ETFS FOR ITS GIANT BROKERAGE PLATFORM- COINDESK
— First Squawk (@FirstSquawk) February 28, 2024
Leading US crypto exchange Coinbase also experienced various technical difficulties on Wednesday.
BREAKING: Coinbase, $COIN, crashes with many users showing $0 balance as #Bitcoin hits $64,000.
After Coinbase crashed, Bitcoin fell $4,000 in just under 30 minutes to $60,000.
Coinbase released a statement saying “your assets are safe” and that they are investigating the… pic.twitter.com/PvIoPensrH
— The Kobeissi Letter (@KobeissiLetter) February 28, 2024
Some analysts interpreted this as a bull-market signal, indicative of a sudden surge in retail demand.
While Bitcoin’s near-term outlook remains very bullish, investors looking for even quicker gains continue to scour altcoin markets.
Here are some lesser-known cryptocurrencies that could take the mantle of the best crypto to buy today.
Best Crypto to Buy Today
Arweave (AR)
Decentralized storage network (DSN) Arweave’s native token AR has pumped a stunning 47% on Wednesday, as per CoinMarketCap.
The token is outperforming the market on news that it has brought AI models into its smart contracts.
AI has, of course, been a major narrative driving financial markets since late 2022.
Last at $24 and above $22 resistance, the door is open for AR to quickly pump back to $42 resistance.
A retest of all-time highs above $90 is also on the cards for 2024.
The prospect of 3-4x gains makes AR one of the best crypto to buy today.
JasmyCoin (JASMY)
Decentralized Internet of Things (IoT) protocol JasmyCoin (JASMY) is pumping hard, up 30% in 24 hours.
Last at $0.02, JASMY is now up nearly 600% versus its 2023 lows around $0.003.
JASMY is still down around 94% versus its all-time high price reached back in late 2021 above $0.36, however.
That suggests it’s still very early to get back into the coin, assuming it continues to pump with the broader market.
JASMY is thus a candidate for the best crypto to buy today.
Aptos (APT)
Much hyped layer-1 protocol Aptos (APT), which was built by the developers behind Facebook’s failed Libra project, just experienced a key technical breakout.
APT, last up 21% in 24 hours, just broke above a long-term pennant structure.
Last trading around $12, APT is eyeing a near-term test of its all-time high of around $20.
The prospect of an 80% upside means APT could be the best crypto to buy today.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great chance to make solid gains.
While the future is always uncertain in crypto, these names could be among the best crypto to buy today.
However, those looking for a better probability of near-term gains should consider an alternative high-risk, high-reward investment strategy—getting involved in crypto presales.
Presales offer investors a routine to get involved in a project at its very early stages, and thus potentially make returns of as much as 100x.
If investors can identify projects with solid foundation, the risk/reward of their investment is very good.
Analysts at Cryptonews spend a lot of time examining new presale projects.
Here are 14 of the best presales of 2024, according to the team at Cryptonews:
See the 14 Cryptocurrencies
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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