Dogwifhat, Fetch.ai and Starknet cryptos rally with huge gains, staking their claim as potentially the best cryptos to buy today. Image by cryptonews.com.
After a push higher in the prices of major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) during the Asia session, markets are going sideways on Wednesday, with traders turning to altcoin names as they hunt for the best crypto to buy today.
Bitcoin was last trading near $66,000, as traders eye a retest of the all-time highs hit on Monday above $69,000.
Price risks remain tilted to the upside as inflows into spot Bitcoin ETFs remain strong.
BlackRock’s IBIT hoovered up another 12,600 BTC tokens on Tuesday worth around $778 million.
Ether, meanwhile, recently touched $3,900 for the first time since January 2022.
With $3,600 resistance now convincingly broken, a swift push to all-time highs near $4,900 is on the cards.
While the outlook for BTC and ETH remains strong, investors are increasingly turning to smaller altcoins.
Here are some candidates with strong bullish momentum that could be the best crypto to buy today.
Best Crypto to Buy Today
Dogwifhat (WIF)
After succumbing to profit-taking on Monday and Tuesday, the Dogwifhat (WIF) bulls are back in control on Wednesday.
WIF was last up over 50% in 24 hours, as per CoinMarketCap.
Even more impressively, last trading just above $2, the token has doubled in price from Tuesday’s lows at $1.
With a market cap of still only around $2 billion (compared to over $23 billion for Dogecoin), WIF potentially has a lot of room left to run to the upside.
That’s why it is a candidate for best crypto to buy today.
Fetch.ai (FET)
AI-infused blockchain protocol Fetch.ai (FET) has pumped up another 20% in the past 24 hours, as per CoinMarketCap.
FET pushed above $2.0 per token for the first time on Wednesday, hitting new all-time highs in the process.
But it could go a lot higher.
FET’s market cap is currently only around $1.8 billion, with a fully diluted market cap of only around $2.5 billion.
AI has been a huge theme in financial markets since late 2022.
Given its promising AI use case, there is plenty of room for more FET hype to build.
The token could easily still 5x from current levels.
Starknet (STRK)
Ethereum layer-2 scaling protocol Starknet has pumped up nearly 20% in the past 24 hours, as per CoinMarketCap.
The sudden price pump comes two weeks on from the protocol’s initial STRK token airdrop.
With a still modest market cap of just over $1.8 billion, STRK could have plenty of room left to run to the upside.
That’s assuming the new protocol continues to attract lots of hype and new users.
5x gains could easily be on the cards, making it amongst the best crypto to buy today.
Crypto Alternatives to Consider
All of the above coins offer potential investors a 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 startup 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 unique 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 15 of what the project deems as the best crypto presales of 2023:
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