After a correction towards the end of last week, the crypto market has found its footing again. However, the recovery rate is different, with some bouncing back stronger early in the week than others. With such dynamics, what is the best cryptocurrency to invest in today?
This is the question we seek to answer in this article. We look at cryptocurrencies that hold the most potential to do well today and through the week. These cryptocurrencies have seen increased mentions on the internet or whose core fundamentals have the potential to propel them to new heights this week.
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Best Crypto To Buy Today
In this section, we take a look at cryptocurrencies that hold the potential to do well today. We touch on Solana’s rally as it surpasses Ethereum on internet searches, Jupiter’s surge as investor interest in Solana tokens grows, and Fetch.AI’s potential as investor interest in AI cryptocurrencies grows.
The article also touches on top meme coins that are increasingly drawing the interest of investors, namely DogWifHat and Gorilla.
Solana (SOL)
Solana (SOL) is one of the best-performing cryptocurrencies today. It is up by over 10%, and buying volumes are on the rise. Going forward, there is reason to believe that Solana will continue doing better than most top cryptocurrencies today and through the week. Solana is currently one of the top trending cryptocurrencies on the internet today, and searches for Solana are now dwarfing those of Ethereum – its main competitor. This sends the message that investors are increasingly interested in Solana, and FOMO could be building up.
Fintech 🤝 Solana: Singapore edition
You can now pay and top up your @GrabSG wallet with USDC-SPL. This will open a new class of financial products starting with payments, remittances and loyalty.
Grab has 35M monthly *transacting* users. It’s happening! pic.twitter.com/Hcnf4Tvu8g
— Akshay BD (@akshaybd) March 18, 2024
This, by extension, means a wave of buyers is coming in and could propel Solana to new heights. Solana’s potential is added by the fact that it has now become the king of meme coins. Most of the top meme coins are now Solana-based. Given how well meme coins tend to do, it means Solana’s growth potential will likely be parabolic, especially after the upcoming Bitcoin halving.
That’s because, at a point where money flows in huge volumes into Solana meme coins, it will positively impact Solana’s demand and, by extension, its price. With such positive metrics backing it up, Solana is definitely a hot cryptocurrency to buy now.
Jupiter (JUP)
Jupiter (JUP) is another top cryptocurrency that looks all set for massive gains not just today but throughout the week. That’s because of its connection to Solana. Jupiter is the largest decentralized exchange on the Solana blockchain, and its adoption is closely linked to Solana’s. For instance, Jupiter is currently outpacing top Ethereum DEXs such as UniSwap in daily transaction volumes.
Looking ahead, there is every reason to believe that it will keep doing well. One of these reasons is the growing investor interest in Solana-based meme coins. With more meme coins launching daily, transactions on Jupiter will remain high, and that’s a plus for the DEX’s native token, JUP. At the same time, the Jupiter team is making moves that will attract more investors and significantly add to the intrinsic value of JUP tokens.
We have generalized the LFG Launchpool DLMM design tool into a model we call Intuitive Launchpool Model (ILM).
This model is detailed in the paper below and represented as a modelling tool to allow any project to design a launch pool that fits their specific needs and… https://t.co/8OsjGWN7ra
— Jupiter 🪐 (@JupiterExchange) March 17, 2024
One such development is a feature that will allow investors to automatically buy more or less tokens depending on the trading volumes, thereby minimizing risks. It’s a factor that could cause more retail investors to shift to the Jupiter ecosystem. With demand for cryptocurrencies expected to rise significantly after Bitcoin halves, such metrics position JUP as one of the best cryptocurrencies to invest in today and hold for the better part of the year.
Fetch.Ai (FET)
Fetch.Ai (FET) is one of the best-performing cryptocurrencies today. This is after it made a close to 20% rebound from last week’s price dip. Looking ahead, Fetch.Ai is set to keep outperforming most cryptocurrencies, especially this week. That’s because, there is a lot of investor interest in AI cryptocurrencies at this point. Fetch.Ai, one of the most prominent AI cryptocurrencies today, is drawing in most of these buying volumes.
1/1 🔒
Check out the latest episode of the @epicenterbtc podcast featuring our CEO & Founder @HMsheikh4 to discuss https://t.co/kJ9URVpOul‘s core technology and the problems it solves with #AI Agents🎙️👇 https://t.co/E8yx2SxpG2
— Fetch.ai (@Fetch_ai) March 17, 2024
Besides the overall interest in AI as an investment, this week could be big for FET and other top AI cryptocurrencies. That’s because there is an NVIDIA Conference starting today, and investors will look at the latest technologies out of this space. If any big AI news arises, especially regarding technical advances, top AI tokens like FET could be headed to new highs. This and the underlying investor interest in AI make FET an undervalued cryptocurrency today.
DogWifHat (WIF)
DogWifHat (WIF) is one of the top meme coins that have rebounded strongly from last week’s dip. DogWifHat is currently up by over 15%, and upside momentum is building up. This indicates that investors believe DogWifHat is one of the best meme coins to buy and hold for this bull run.
Official bulgarian #dogwifhat claimed!
Based owner has a message pic.twitter.com/OgYptBKjcZ
— dogwifhat (@eth_dogwifhat) March 16, 2024
Several factors could propel DogWifHat higher, but the biggest one is its tokenomics. DogWifHat has a circulating supply of 998 million tokens. That’s a tiny supply for a meme coin, given that most meme coins usually have trillions of tokens in circulation. With its tokenomics, DogWifHat has the potential to hit prices as high as $20 in a super bull cycle. Such potential is what is drawing in investors and also makes WIF one of the best cryptos to buy now.
Gorilla (GORILLA)
Gorilla (GORILLA) is another hot meme coin that has made a substantial rebound today. GORILLA’s buying volumes are rising, an indicator that price could be headed much higher this week.
📣 Alpha Alert! AMA! 📣
Tune in today for the hottest new alpha on Gorilla! 🔥 https://t.co/uwVOEbr6g3
— gorillatokenio (@gorillatokenio) March 15, 2024
Like DogWifHat, investors are drawn to GORILLA by its impressive tokenomics. This meme coin has a total supply of 897 million and a circulating supply of 827 million. This, coupled with its low market cap of just $7 million, makes it one of the best meme coins, with 1,000% or more potential as bulls retake the market. Such metrics could see GORILLA keep drawing in more investors, making it a worthy crypto to buy and hold.
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