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As Bitcoin (BTC) pumps to fresh more than two-year highs amid surging demand for its recently launched spot ETFs in the US, investors hunting for the best crypto to buy today for quick gains are scouring altcoin markets.
Bitcoin rose above $57,000 on Tuesday as spot ETF trading volumes hit a new record.
ETF inflows, the upcoming halving and anticipated Fed rate cuts mean Bitcoin is odds on to hit fresh all-time highs above $69,000 this year.
That could mean near-term upside of at least 20%, making Bitcoin easily one of the best crypto to buy today.
But smaller and lesser-known altcoins with strong momentum and bullish narratives are likely to post even larger gains.
Here are some of Tuesday’s top performers that could be the best crypto to buy today.
Best Crypto to Buy Today
Pepe Coin (PEPE)
The Pepe Coin (PEPE) bulls are back in control.
PEPE is up close to 50% in the past 24 hours, as per CoinMarketCap.
Last around $0.00000227, momentum has been picking up since the coin broke above $0.0000019 resistance.
PEPE looks odds on now to return to its June 2023 record highs around $0.0000045.
That means near-term upside potential of as much as 2-3x.
Pepe Coin is thus surely one of the best crypto to buy today.
Theta Network (THETA)
Innovate “dual network” Theta Network is one of the best-performing cryptos on Monday, up 25% in 24 hours.
THETA pumped as high as the $2.30s earlier, its highest since early 2022.
It has since retraced to around $2.0 per token.
But assuming it is able to push above $2.30 resistance, there is a clear path to 2.5x gains to $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 $2.0 billion, THETA has plenty of upside left this bull market.
That’s why THETA could be the best crypto to buy today.
Pyth Network (PYTH)
Another inter-blockchain connectivity and data sharing network Pyth Network (PYTH) could be another of the best crypto to buy today.
PYTH is up around 22% in 24 hours, as per CoinMarketCap.
The protocol is designed to provide real-time, off-chain financial data to smart contracts and dApps on multiple blockchains.
PYTH latest pump saw it hit new all-time highs above $0.80.
But with its still modest market cap of only around $1 billion, there is plenty of upside potential left for PYTH.
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.
