Alt season is here, as evidenced by the rising bullish momentum across the market. This means investors are now actively looking for altcoins with the highest potential ROI. Someone looking to make the most of their capital may now wonder, what is the best altcoin to buy today?
This is the question we seek to answer in this article. To ensure that investors make the most of their capital, we will focus on cryptocurrencies with the most potential to ride the wave that Bitcoin has started. We have selected these high-potential altcoins based on the hype around them and significant developments that could trigger FOMO. The idea is to ensure investors are on the cutting edge of information to make the most of the bull market without throwing capital at random cryptocurrencies.
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Best Altcoin To Buy Now
In this article, we narrow down on Altcoins with the potential to build up FOMO quickly as bullish sentiment strengthens. The article takes a look at Solana’s rally triggered by growth in its ecosystem as investors chase low trading fees, BONK’s potential as it leads the way to being named “meme of the year,” and Dogecoin’s developer activity that is renewing investor interest in the old school meme coin.
The article also looks at JasmyCoin’s growing potential as a speculative wave sweeps across Japan and Shiba Inu’s strong comeback thanks to low trading fees on the Shibarium platform.
Solana (SOL)
Thanks to its fast-growing ecosystem, Solana (SOL) is one of the most promising altcoins to buy today. Currently, Solana DEXs are among the leading ones in trading activity for meme coins and DeFi cryptocurrencies. This has a lot to do with the low trading fees on the Solana blockchain. The fees on Solana are so low that even investors with as low as $10 to invest can take part in the crypto game and still make money.
Among the key factors likely to drive activity on Solana are meme coins. With top meme coins like BONK now running on Solana and many more coming up daily, the odds are that Solana could be about to enter a FOMO stage that could easily take it to prices as high as $1000.
What state are you supporting Donald Trump from?! 🇺🇸
I’ll start: Florida
BUY $TRUMP on SOLANA NOW ⬇️ HUGE NEWS INCOMING! 🇺🇸🇺🇸
Contract Address: 7Rz1gd2duWCaEatcWJ2XPzvVqAdBTnSUe2YEkJMTwR1D pic.twitter.com/TN3U0dSwOn
— Donald J. Trump 🇺🇸 News (@DonaldTNews) February 29, 2024
Add the fact that Solana has already broken out of a long-term range, and it is easy to see why it is one of the best altcoins to buy today. It has the perfect mix of technical and fundamental indicators working in its favor.
Bonk (BONK)
Bonk (BONK) is one of the top meme coins in the market today, and this momentum is unlikely to ease up soon. Bonk could even emerge as the top-performing meme coin this bull cycle if its recent price action is anything to go by.
One thing that makes BONK a top altcoin to invest in now is the hype factor. Hype is as essential as fundamentals, and BONK is quite strong. This is quite evident in the ongoing vote for the CoinMarketCap meme coin of the year. The BONK community is so strong that BONK is already leading, with over 44% of the total votes. That’s despite the other contenders being all well-known meme coins.
vote BONK pic.twitter.com/nlJQ8pjvKD
— Black cat 🐾 l Ultiverse⚡️🐑 (@black_cat_web3) February 29, 2024
Such a strong community will likely spread FOMO now that bulls are in and help grow investor numbers. Add that BONK is Solana-based (low fees), and it’s easy to see why BONK is a meme coin worthy of buying today.
Dogecoin (DOGE)
Dogecoin (DOGE) is another popular altcoin that anyone seeking parabolic gains should consider today. One of Dogecoin’s biggest strengths is its longevity. DOGE is as old as the crypto market itself, meaning investors have faith in it.
Dogecoin also has a consistent developer team that continues to ensure it runs properly. They recently announced upgrades to the network, and the community is already excited.
#Dogecoin version 1.14.7 is available now.
If you’re running the Qt binaries (the GUI wallet), we encourage you to upgrade as soon as possible.
Release notes and downloads are available here: https://t.co/mx2O32V9Yn https://t.co/kDCy3XOF7C
— ☣ junior developer ☣ (@chromatic_x) February 28, 2024
It is one of Elon Musk’s pet cryptos, and it is easy to see how FOMO could build up quickly. Musk has already said that he is getting back on the meme grindstone. All it would take is his tweet to send Dogecoin to unprecedented price levels.
JasmyCoin (JASMY)
JasmyCoin (JASMY) is a Japanese cryptocurrency geared towards the fast-growing IoT market. While this strong use puts JasmyCoin on a solid footing for long-term growth, there are other reasons to consider buying JASMY today.
One of them is the speculative wave in Japan at the moment. The stock markets and other speculative assets are surging to new highs despite the Japanese economy slowing down.
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Incubated by #Jasmy !
We are here to bring you a new service!
We have started!🚀 🚀 🚀@HARA_JasmyCFO @JasmyMGT $Jasmy #BTC pic.twitter.com/rFrORbdxa9— Janction (@JanctionMGT) February 27, 2024
Crypto will benefit the most from this new wave of speculation in Japan. That’s because, recently, the Japanese government introduced regulations that make it easier for Venture Capital to invest in cryptocurrencies. Given that JasmyCoin is one of the leading tokens in Japan, it stands to benefit the most from Japanese FOMO. This altcoin could be on course to make new unprecedented highs.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is making a strong comeback and is currently among the top-performing altcoins. Shiba Inu stands out for its potential to outperform the market as this bull run gains momentum.
Two factors give Shiba Inu an edge over other meme coins. The first one is its recognition. SHIB made history a few years ago with its historic gains. This means many investors will buy Shiba Inu in the hopes of a repeat of its last price rally.
Shibarium Fact: Did you know that transaction fees on Shibarium are as low as 0.0000219 BONE ($0.00001)? This is just one of the powerful features of our chain! Keep shaping the future with $SHIB #SHIBARMY 🚀
— Shib (@Shibtoken) February 28, 2024
Shiba Inu has also made significant strides since its last rally, including launching Shibarium. With Shibarium, trading Shiba Inu is much cheaper than trading tokens on Ethereum. This could trigger a massive inflow of small-scale retail money into Shiba Inu and could help push it back to its all-time highs and even higher.
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