As the Bitcoin (BTC) price pumps to new two-year highs on strong spot Bitcoin ETF inflows, investors looking to secure faster near-term gains are scouring the altcoin market for the best crypto to buy today.
Bitcoin hit $52,000 for the first time in over two years on Wednesday before pulling back to the mid-$51,000s.
The pump comes in wake of the news that BlackRock’s newly launched spot Bitcoin ETF singlehandedly scooped up over 10K BTC tokens on Tuesday.
Spot Bitcoin ETF net inflows are going “parabolic”, noted crypto analyst Ryan Watkins in a tweet.
https://twitter.com/RyanWatkins_/status/1757644485373149221Other major altcoins like Ether (ETH), Solana (SOL) and Cardano (ADA) are also performing well.
They were each last up between 5-7% in the past 24 hours, as per CoinMarketCap.
But that’s nothing compared to some of the moves being enjoyed by some smaller but still well-established names in the altcoin space.
Here are some of the best crypto to buy today.
Best Crypto to Buy Now
Dymension (DYM)
Recently launched “RollApp”-focused layer-1 blockchain Dymension is enjoying tailwinds on Thursday.
Last at all-time highs in the $8.30s, DYM is up 16% in 24 hours and over 80% since its launch.
Dymension was launched last week in one of 2024’s most exciting airdrops, with users of multiple blockchains receiving tokens.
Its fully diluted market cap was last around $8.3 billion, leaving plenty of space for upside, if you are of the belief that the blockchain will enjoy substantial adoption in the coming years.
That means DYM could be the best crypto to buy this Wednesday.
Sei (SEI)
Finance-focused blockchain Sei ($SEI) pumped 16% on Wednesday, as per CoinMarketCap.
Indeed, SEI just hit fresh record highs in the $0.88s, a more than 50% bounce from yearly lows.
With a still relatively small market cap of $2.1 billion and a lot of potential for this technologically advanced new blockchain, Sei still offers a good possibility of 10x or more gains.
Hence, it could be one of the best crypto to buy on Wednesday.
Stacks (STX)
Smart-contract-enabled Bitcoin layer-2 network Stacks (STX) hit fresh two-year highs above $2.48 on Wednesday.
As per CoinMarketCap, it was last up 13% in 24 hours, with a market cap of now just over $3.5 billion.
As the leading network seeking to bring the smart-contract capability to Bitcoin, Stacks has huge potential to go a lot higher.
It could eventually even become a viable Bitcoin-based competitor to the likes of Ethereum.
That suggests that a $3 billion market is very modest and Stacks offers a good prospect of 10x gains.
Crypto Alternatives to Consider
All of the above coins offer potential investors a chance to make 10x gains.
While the future is always uncertain in crypto, these names could be amongst the best crypto to buy today.
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.
Presales offer investors a routine to get involved in a project at its very early stages, and thus potentially make returns of as much as 100x.
Of course, presales are very risky.
Just like with any start-up, many things can go wrong and derail the project from delivering on its vision.
However, if investors can identify projects with solid foundation, the risk/reward of their investment is very good.
Analysts at Cryptonews spend a lot of time examining new presale projects.
Here are 14 of the best presales of 2024, according to the team at Cryptonews:
See the 14 Cryptocurrencies
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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