The cryptocurrency market is on a roll today, with the total market capitalization rising by 8% to hit $2.14 trillion. With investor optimism in the market rising, the odds that this is just the beginning of what could see the market hit new highs. Some market experts even predict that the total crypto market could be headed to $10 trillion. Such projections leave an investor with one crucial question: what’s the best cryptocurrency to buy today and enjoy parabolic growth as the market expands?
Things that will 100% happen:
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1. The total Marketcap for Crypto will exceed 10 Trillion
2. Ethereum will have a spot ETF approved
3. Ripple will IPO & XRP will become more relevant
4. Bitcoin will have a 20% down weekly candle in the next 12 months
5. Algorand will be a top…
— CryptoTrainer.algo | NEVER in your DM’s (@CryptoTrainer2) February 22, 2024
If you are one of those struggling with this question, you have come to the right place. This article looks at cryptocurrencies likely to explode in value now that bullish momentum is rising across the market. From the market dynamics playing out at the moment, cryptocurrencies already standing out in terms of gains and have strong communities behind them will likely attract the most investments in this bull run.
Best Cryptocurrency To Buy Today
This article focuses on cryptocurrencies currently in a breakout and whose fundamentals, such as use cases and community engagement, could drive FOMO. We look at Bitcoin, which has broken out of a multi-week range and has little resistance to its price momentum; Ethereum, which has a major upgrade coming up in the middle of a crypto price rally, and Pyth, which has shot up strongly on news of another partnership.
The article also focuses on two high-potential meme coins that are sending all the right signals. These are PEPE, which investors expect to gain more after Ethereum’s upcoming upgrade, and BONK, one of the most prominent Solana meme coins currently moving in the market’s overall direction, with high volumes.
Bitcoin (BTC)
Bitcoin (BTC) is leading the market in gains today, and all indicators point to a continuation of the upside momentum. That’s because buying volumes for Bitcoin are rising, especially by institutional investors. At the same time, the halving is just 55 days away and is expected to alter the supply dynamics of Bitcoin, adding to its scarcity.
This surge in institutional buying coupled with legitimate expectations around the halving, makes Bitcoin one of the best cryptocurrencies to buy today for explosive growth.
[1/3] Bitcoin ETF Flow – 26th Feb 2024
All data in. Strong day with $520m net inflow
Total net inflow since 11th Jan is $6,030m. pic.twitter.com/Iz4khAzEev
— BitMEX Research (@BitMEXResearch) February 27, 2024
Already, Bitcoin price is showing strong upside momentum with little resistance between its current price of $57k and its all-time high of $69k. With many analysts predicting that Bitcoin could be headed to prices above $200k within the year, it’s a cryptocurrency that every savvy investor would want to consider buying now. The chances of doubling or even tripling money with Bitcoin are pretty high, especially in the current market where BTC demand significantly outstrips supply.
Ethereum (ETH)
Ethereum (ETH) is another cryptocurrency gaining quite strongly at the moment. It is also one of the cryptocurrencies that are likely to record explosive growth in the coming days.
One factor that makes Ethereum a top crypto to invest in now is that it has a major upgrade coming up. Just like the Bitcoin halving is expected to drive up BTC prices higher, the upcoming Ethereum upgrade is a legitimate reason to expect Ethereum to do well. That’s because the upgrade will make Ethereum more practical to users by cutting the cost of transacting on L2s. The result will likely be increased demand for ERC-20 tokens, which some analysts believe could push Ethereum to $20k or more.
Using #Ethereum almost impossible with those fees😳 pic.twitter.com/L54QWyhmKv
— Ted (@TedPillows) February 27, 2024
With such potential and the fact that Ethereum price is already showing positive signals, it is a cryptocurrency with explosive growth potential worth buying today.
Pyth Network (PYTH)
Pyth Network (PYTH) is a decentralized oracle network that has recently taken the market by storm. This year, Pyth Network is one of the best-performing cryptocurrencies and that momentum is not easing up.
Despite the current price surge that has seen PYTH push through the $1 billion market cap, analysts expect it to keep doing even better. One factor that makes Pyth Network an explosive cryptocurrency to buy today is its growing adoption. Today, Pyth has announced a partnership with Hedera, one that opens up the use cases for PYTH even more.
Today, we are excited to reveal a partnership with the @HBAR_foundation to bring all 400+ Pyth Price Feeds to @hedera 🔮
HLiquity is the first DeFi application on Hedera to be Powered by Pyth.
Learn more about this launch below:
ℹ️ About the HBAR Foundation
The HBAR… pic.twitter.com/dRbFRwgpBG
— Pyth Network 🔮 (@PythNetwork) February 26, 2024
With fast-growing adoption and whales still buying PYTH despite the price rally, there is no doubt that it is one of the best cryptos to buy today. The odds of it hitting a market cap as high as $50 billion are pretty high.
PEPE (PEPE)
Pepe (PEPE) is a top-rated Ethereum meme coin, causing ripples across the market with its explosive growth. In the last 24 hours, PEPE is up by 53% and is gaining upside momentum.
see the light $PEPE pic.twitter.com/gJca4iX5Y6
— Pepe (@pepecoineth) February 26, 2024
The parabolic rise of PEPE shows that investors have started betting on Ethereum tokens again. Now that PEPE has already shown it has the potential to deliver parabolic returns, FOMO could set in after the Ethereum upgrade of March 13th. This could set PEPE rocketing by thousands of percentages. Such potential for life-changing gains makes PEPE a popular cryptocurrency today.
BONK (BONK)
Bonk (BONK) is another meme coin showing signs of a breakout now that the broader market is bullish again. After sluggish performance for the past few weeks, BONK is up by 15%, and volumes are rising, indicating buyers are taking it up in higher numbers.
One thing that makes BONK a top meme coin to buy today is that it runs on the Solana blockchain. The fees on Solana are almost negligible, meaning small investors can bet on BONK without losing a large portion of their investment in gas fees.
As retail money flocks into the market, the ability to invest small amounts could help propel meme coins like BONK to new heights. BONK is a cryptocurrency worth buying today for the potential that meme coins hold to turn small investments into life-changing gains.
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