After a volatile day in the blue-chip cryptocurrency markets on March 12 that saw Bitcoin (BTC) reach all-time highs (ATHs) above $73,000 before falling to $68,000, investors are looking for the best cryptocurrencies to buy today for near-term gains. .
Bitcoin remains a strong candidate for the best cryptocurrencies to buy today, and an integral part of any cryptocurrency investor's portfolio.
Long profit-taking liquidations sent BTC sharply lower after printing new ATHs above $73,000.
But bitcoin has since rebounded strongly back to the $71,000 level and remains up 12.5% in seven days, according to CoinMarketCap.
In fact, Bitcoin has risen a staggering 47% in 30 days, driven by a strong wave of demand for ETFs.
The bulls are still largely in control, and there is still an outside chance that the cryptocurrency can challenge $100,000 soon.
This is because the hype surrounding the April halving, which will cut BTC's inflation rate in half, has not yet reached fever pitch.
The potential for a potential quick gain of 40% from here means that Bitcoin definitely ranks among the best cryptocurrencies to buy today.
But some investors are hoping for much larger profits in the short term, perhaps in the 5-10x region.
They will likely search the altcoin markets for smaller, less well-known cryptocurrencies that hold great potential.
Here are some of the best-performing names on Tuesday that could be the best cryptocurrencies to buy today.
Best cryptocurrencies to buy today
ton coin (ton)
After breaking to all-time highs on Tuesday, Telegram's cryptocurrency Toncoin (TON) is pumping hard.
According to CoinMarketCap, TON was last up 25% in 24 hours, with its market capitalization approaching $15 billion.
Its association with world-leading private messaging app Telegram positions Toncoin as a potential leader in the 2024 bull market.
Its market value could rise significantly from here, with investors potentially poised for 3-5x gains.
That's why it can be the best crypto you can buy today.
Near Protocol (NEAR)
The native token of Ethereum's rival NEAR protocol NEAR is up nearly 24% over the past 24 hours on Tuesday.
Finally above $8.0, the cryptocurrency is looking at a rapid 2.5x rally to a record high near $22.
With a market capitalization of just under $9B and a fully diluted market capitalization still under $10B, NEAR could easily advance 3-5x from here.
This is why it is also ranked as the best cryptocurrency to buy today.
Injection (INJ)
Decentralized trading protocol Injective (INJ) has reached new highs of over $51 per token.
This leaves it more than 50x higher versus its 2022 lows of just over $1.0 per token.
INJ's market capitalization has risen nearly 20% in the past 24 hours to about $4.7 billion.
This leaves plenty of room for further growth for the cryptocurrency, with the potential for 5-10x gains.
Encryption alternatives to consider
All the above currencies offer potential investors a great opportunity to make 10x gains.
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.
This is where investors buy tokens for emerging cryptocurrency projects to help fund their development.
These tokens are always sold at a cheap price, and there is a long history of pre-sales providing huge gains to early investors.
Many of these projects have great 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 his investment before selling is very good.
The Cryptonews team spends a lot of time researching pre-sale projects to help investors.
Here is a list of 14 of what the project considers to be the best cryptocurrency presales of 2023.
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.
