Cryptocurrencies like ICP, APT, FET compete for best crypto to buy today Image by cryptonews.com
As major crypto consolidate close to two-week highs, with Bitcoin (BTC) holding just above $70,000 and Ether (ETH) near $3,600, traders hunting for the best crypto to buy today are scouring movers and shakers in the altcoin market.
Crypto sentiment got a boost on Monday amid macro tailwinds and news that the London Stock Exchange plans to list Bitcoin and Ether ETNs.
Spot Bitcoin ETFs also saw net inflows for the first time in 5 days. That’s despite GBTC bleeding another $350 million in funds.
As traders weigh the prospect of an imminent, synchronized global central bank easing cycle, ETF flows and the upcoming Bitcoin halving, price risks likely remain tilted to the upside for major cryptos.
Bitcoin stands a good chance of hitting $100,000 this year. The prospect of 40% further gains makes it a strong candidate for best crypto to buy today.
But many traders with a higher risk tolerance will be hoping for much larger short-term gains.
The only place to find assets that stand a chance of posting 5x or more gains is the altcoin market.
Here are some top performers on Tuesday that could be the best crypto to buy today.
Best Crypto to Buy Today
Internet Computer (ICP)
Up nearly 14% in 24 hours, Internet Computer (ICP) is one of the best-performing cryptos on Tuesday.
Last at $19.50, ICP recently broke convincingly to the north of a prior $10-16 multi-week range.
ICP is now up over 80% since its lows around $10.50 from five days ago. But ICP is still down over 94% down from its record peaks from 2021 around $350.
Its modest market cap of currently just over $10 billion suggests there is plenty of room for growth.
ICP may not hit its 2021 highs soon, but 10x gains are certainly in the cards. That means it could easily be the best crypto to buy today.
Aptos (APT)
Much hyped layer-1 blockchain protocol Aptos (APT) is approaching a retest of its highest-ever levels.
APT was last up 13% on Tuesday in the $18s, as per CoinMarketCap.
If it can break to the north of its all-time highs above $20, the sky becomes the limit. That, of course, assumes that Aptos experiences significant real-world adoption in the years ahead.
Aptos was developed by a team of well-connected ex-Facebook employees who were behind the social media platform’s failed Libra cryptocurrency.
Compared to its future potential, its $7.4 billion market cap and fully diluted cap of $20.3 billion could be undervalued.
Aptos could well be the best crypto to buy today.
Fetch.ai (FET)
The decentralized machine learning platform Fetch.ai (FET) has been pumping in recent days.
It was last up around 5% in the past 24 hours around $0.975, as per CoinMarketCap.
FET is closing in on a retest of its 2021 record highs in the $1.20 area, which could mean quick gains in the region of 20%.
But FET has a modest market cap of only around $800 million and a promising AI use case.
That suggests it could go a lot higher, perhaps posting gains in the region of 4-5x.
That makes Fetch.ai one of the best cryptos 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.
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