As Bitcoin (BTC) consolidates just below its recent highs of $60,000, and other major coins like Ethereum (ETH) and Solana (SOL) take a break from the rally, traders are searching the altcoin markets for the best cryptocurrencies to buy today that could… Makes quick gains.
Strong demand for ETFs ahead of the upcoming halving has helped push Bitcoin up 20% in the past seven days.
But the speed of the rise has some traders concerned that a short-term correction may be too late.
As a result, although Bitcoin remains a must-have asset, it may not be the best cryptocurrency to buy today.
Less popular altcoins with strong upward momentum may have a better chance of giving investors quick gains.
Let's take a look at some of the candidates for the best cryptocurrencies to buy today.
Best cryptocurrencies to buy today
Axlar (AXL)
Web3 interoperability platform Axelar (AXL) pumped 30% gains following news of its Binance listing.
But traders may still be able to buy on the dip.
Last trading above $2.0, AXL was down 25% from the previous session highs of the $2.70 area.
Given its modest market capitalization of only around $1.2 billion, Axelar may be the best cryptocurrency to buy today.
Cingularity Net (AGIX)
AI token SingularityNET (AGIX) is pumping hard after a short-term bullish breakout.
After breaking a short-term downtrend, AGIX pumped a 30% rally within 24 hours, according to CoinMarketCap.
AGIX last traded at less than $0.90 and has a market cap of just under $1.2 billion.
Its modest valuation and exciting AI use case suggest it could easily increase 5x in the next year.
That's why AGIX ranks as one of the best cryptocurrencies to buy today.
pepper (pepper)
Pepe (PEPE) bulls were back in control on Friday, with the cryptocurrency rising a staggering 25%.
PEPE last traded around $0.0000037, taking its market cap back to over $1.5 billion.
Baby bulls are looking to retest the all-time highs at $0.0000045 and break out to higher levels.
Traders will remember that in 2021, Dogecoin and the Shiba Inu reached a market cap of $10 billion.
This bull market could be even more explosive for meme coins.
Pepe can easily hold 10x from current levels.
That's why it ranks as one of the best cryptocurrencies you can buy today.
Encryption alternatives to consider
All the above currencies offer potential investors the opportunity to make 10x gains.
While the future is always uncertain in the cryptocurrency space, these names may be among the best cryptocurrencies to buy today.
But for those looking for a better potential for near-term gains, an alternative high-risk, high-reward investment strategy to consider is participating in cryptocurrency pre-sales.
Pre-sales provide investors with a routine to get involved in a project in its very early stages, thus potentially generating up to 100x returns.
If investors can identify projects with a solid foundation, the risk/reward of their investment is very good.
Analysts at Cryptonews spend a lot of time examining new pre-sale projects.
Here are 14 of the best prequels of 2024, according to the Cryptonews team:
See 14 cryptocurrencies
Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.
