It’s another good day for the cryptocurrency market. The total market has shot up by 3% to hit $2.21 trillion. With volumes rising across the market, it is clear that the cryptocurrency market is set to rise even higher. This leads to the question, what is the best cryptocurrency to buy today and capture these gains?
This is what we will be focusing on in this article. From the current market dynamics, it is clear that Bitcoin is currently capturing most of the money that is flowing into the market. This is quite clear because most of the large-cap altcoins are moving slower. As such, altcoins that are showing clear signs of following in Bitcoin’s rally are the ones likely to draw the most attention. These are the best cryptos to buy now for anyone looking to make the most of the current cryptocurrency market dynamics.
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Best Cryptocurrency To Buy Today
In this section, we look at cryptocurrencies that are gaining quickly today and are also easily accessible to the average investor. We look at Bitcoin, which is leading the market into the next bull cycle, PEPE’s parabolic rally following Bitcoin’s rise, and BONK, a Solana meme coin that is also closely in lockstep with Bitcoin.
The article also looks at Shiba Inu, which seems to have awakened after trading sideways for months, and Dogecoin resurged after Elon Musk said he is back on the meme grindstone.
Bitcoin (BTC)
Bitcoin (BTC) is one of the best cryptocurrencies to buy today. Not only is it the best-known cryptocurrency, but it is also currently drawing in lots of money – retail and institutional. This is evident in Bitcoin futures across major exchanges hit new all-time highs. At the same time, the spot Bitcoin ETFs, a significant avenue for institutions looking to buy Bitcoin, are experiencing a sustained surge in buying volumes.
All this is happening at a time when expectations are already high about the Bitcoin halving, which is now slightly over 50 days away. With the halving expected to make Bitcoin even more scarce than it is today, investors are likely to keep piling money into Bitcoin going forward.
Bitcoin halving getting airtime on ABC down under.pic.twitter.com/lirlTzd1qM#Bitcoin #bitcoinnews #BitcoinETFs #BitcoinHalving
— ₿itcoiner Post (@growscoin) February 28, 2024
Besides, being the number one cryptocurrency means Bitcoin is available on all centralized exchanges and DEXs. This ease of availability and increased bullish sentiment around Bitcoin make it one of the best cryptocurrencies to buy today.
PEPE (PEPE)
PEPE (PEPE) makes it to the list of the top cryptocurrencies to invest in today for its current price action. While most large-cap altcoins have yet to follow Bitcoin’s lead, PEPE has taken an early lead and has more than doubled in price in one week. The momentum continues to rise, and trading volumes are now at over $1.5 billion.
Since PEPE is available on most major exchanges, investors looking to ride the wave can easily access the token. This means buying volumes are likely to keep rising, a factor that could trigger even more significant moves going forward.
PEPE is also edging closer to its all-time highs, just like Bitcoin. If it smashes through this level around the same time as Bitcoin, it could pave the way for prices unseen.
You take the dog pill… the story ends, you wake up in your bed and believe whatever you want to believe. You take the frog pill… you stay in Wonderland, and I show you how deep the rabbit hole goes. $PEPE pic.twitter.com/cWmmF45Wrs
— Pepe (@pepecoineth) February 28, 2024
Despite its current upside momentum, PEPE is still far from a FOMO rally. This makes it one of the best meme coins for investors seeking life-changing gains without committing so much capital investment.
BONK (BONK)
Bonk (BONK) is another cryptocurrency that has caught investor attention as bulls take control of the crypto market. Like PEPE, it is gaining momentum faster than most altcoins. It is moving in sync with Bitcoin, which will likely see investors FOMO going forward.
我们入選了CoinMarketCap 的 Meme Coin of the Year-
你们投票了吗？https://t.co/xoItIKGZiD
— Bonk! (@bonk_inu) February 28, 2024
That’s because, unlike Bitcoin, which is out of reach for small investors, BONK is cheaper and has the same upside potential, if not more. Additionally, BONK is a Solana-based token, which means the purchase cost is relatively low. This makes it among the most attractive meme coins to small-time retail investors.
The fact that BONK is available on top-tier crypto exchanges like Binance also plays to its advantage. As BONK buying volumes rise, a parabolic price move becomes more likely. This makes BONK one of the best cryptocurrencies to invest in today.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the best-known cryptocurrencies. It has built a reputation as one of the best-performing assets ever, having rallied by over 48,000,000% in 2022. While it has largely experienced sideways movement since then, it has awakened again, as Bitcoin gains traction.
BREAKING ‼️
A new L2 blockchain that uses $SHIB as gas and burns shiba inu is launching soon!@RyoshiL2 pic.twitter.com/2eDjTmke7L
— CoinHub (@CoinHubCC) February 28, 2024
Shiba Inu buying volumes are rising, and the price is starting to move. Given its reputation for extraordinary investment returns, investors will likely to FOMO into Shiba Inu as the price rises.
Since SHIB is available on all major crypto exchanges, including Binance, access by the average investor is not an issue. This, and the upcoming Ethereum upgrade that will cut the cost of buying ERC-20 tokens, makes Shiba Inu one of the top cryptos to invest in today.
Dogecoin (DOGE)
Dogecoin (DOGE), just like SHIB, is another old-school meme coin that has reawakened as Bitcoin approaches $60k. One of the key factors likely to drive FOMO around Dogecoin, besides its past reputation, is Elon Musk. Recently, Elon Musk tweeted that he was returning to the meme grindstone.
Fine, I will get back on the meme grindstone 😂
— Elon Musk (@elonmusk) February 26, 2024
Since he is one of the biggest supporters of Dogecoin and can move prices, his tweets could easily send DOGE rocketing to new highs. The fact that Dogecoin is available on all major crypto exchanges also adds to its potential now that the Musk effect could be about to reawaken. With all these factors, Dogecoin is a cryptocurrency worth buying now.
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