As Bitcoin (BTC) consolidates just below recent highs in the $60,000s and other major coins like Ether (ETH) and Solana (SOL) take a breather from rallying, traders are scouring altcoin markets on the hunt for the best crypto to buy today that could deliver quick gains.
Strong ETF demand ahead of the upcoming halving has helped propel Bitcoin up 20% in the past seven days.
But the speed of the rally has some traders worried that a short-term correction may be overdue.
As a result, while Bitcoin remains a must-own asset, it might not be the best crypto to buy today.
Lesser-known altcoins with strong bullish momentum might have a better chance of handing investors fast gains.
Let’s take a look at some candidates for the best crypto to buy today.
Best Crypto to Buy Today
Axelar (AXL)
Web3 interoperability platform Axelar (AXL) has pumped up 30% on news of its Binance listing.
But traders may still be able to buy the dip.
Last trading just above $2.0, AXL is down 25% from earlier session highs in the $2.70 area.
Given its modest market cap of only around $1.2 billion, Axelar may be the best crypto to buy today.
SingularityNET (AGIX)
AI token SingularityNET (AGIX) is pumping hard after a bullish short-term breakout.
After breaking a short-term downtrend, AGIX has pumped up 30% in 24 hours, as per CoinMarketCap.
AGIX was last changing hands just under $0.90 and with a market cap of just under $1.2 billion.
Its modest valuation and exciting AI use case suggests it could easily 5x in the coming year.
That’s why AGIX ranks as one of the best crypto to buy today.
Pepe (PEPE)
The Pepe (PEPE) bulls are back in control on Friday, with the crypto pumping up an impressive 25%.
PEPE was last changing hands around $0.0000037, its market cap back above $1.5 billion.
Pepe bulls are eyeing a retest of all time highs at $0.0000045 and a breakout to higher levels.
Traders will remember that back in 2021, Dogecoin and Shiba Inu hit market caps in the $10s of billions.
And this bull market could be even more explosive to meme coins.
Pepe could easily still 10x from current levels.
That’s why it ranks as one of the best crypto to buy today.
Crypto Alternatives to Consider
All of the above coins offer potential investors a chance to make 10x gains.
While the future is always uncertain in crypto, these names could be among the best crypto to buy today.
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.
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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