The crypto market has come alive again after little market activity over the weekend. Bitcoin is showing bullish signals as it holds firmly above $67k, and several altcoins are already recording double-digit percentage gains. This indicates bullish momentum could get even more substantial as the week advances. With such potential, it is only natural to wonder, which is the best cryptocurrency to buy today?
This is the question we seek to answer in this article. The article will narrow down cryptocurrencies with a high potential for explosive gains today and throughout the week. Such could be driven by big news around them or general hype around them on social media. That’s because, over and above the fundamentals, hype is a critical factor when it comes to driving cryptocurrency prices.
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Best Cryptocurrency To Buy Today
In the section below, we narrow down on cryptocurrencies that tick the boxes on big news and a buildup of hype on social media. The article touches on Toncoin’s rising momentum due to the increased activity levels within the Ton blockchain, ONDO’s price spike on news that BlackRock and Coinbase are partnering on Real World Tokenized Assets, and Bitcoin’s sustained momentum amidst a hype buildup around the upcoming halving.
The article also touches on growing hype around Solana as investors anticipate meme season and Dogecoin’s increasing strength as investors increasingly anticipate a price rally to $1.
Toncoin (TON)
Toncoin (TON) is one of the best-performing cryptocurrencies today. All indications are that it could flip Avalanche and debut as a top 10 cryptocurrency by market capitalization. This has created a lot of social media hype around TON, which could increase buying volumes as speculative investors pile in.
However, it is not just speculative buying driving the momentum around Toncoin. There is also the fact that its fundamentals are getting stronger. The Ton blockchain is one of the fastest, cheapest, and most secure. The Ton blockchain rivals cryptocurrencies like Solana in terms of scalability and centralized networks like Visa.
Our $KINGY token on the #TON blockchain continues to gain momentum in price (ATH $0.48) and in market cap ($4M). pic.twitter.com/6uBwV8KIdz
— Investkingyru.ton (@IKingyru) March 24, 2024
This has made Ton blockchain the go-to network for developers looking to launch tokens without scalability issues. So far, several successful projects have emerged from the Ton ecosystem, and many others are coming up daily. Since all these projects use TON when raising finances, the demand for TON will keep increasing. This makes TON one of the best cryptocurrencies to buy and hold throughout this bull market.
ONDO (ONDO)
ONDO (ONDO) is another cryptocurrency doing exceptionally well today and has been up by double-digit percentages in the last 24 hours. Looking ahead, the odds are high that ONDO will keep performing well, not just today but for the week and beyond. That’s because there is increased attention to ONDO’s core use case, real-world asset tokenization.
Today’s big news is that two of ONDO’s biggest partners, Coinbase and BlackRock, are coming together for BlackRock’s RWA fund, BUIDL. The fund is already set at $100 million, opening the way for BlackRock’s target of $10 trillion in tokenized assets. Considering that ONDO is one of the cryptocurrencies with the infrastructure for tokenizing real-world assets, and its partners are going into RWAs, the odds are that FOMO will keep building up around ONDO.
🏡 RWAs
Real-world assets like gold, real estate, commodities, etc.
Narrative: RWA protocols can potentially tokenize virtually any asset in the world & bring it onchain, tapping into a market worth hundreds of trillions of dollars
Examples: @OndoFinance / @Parcl / @mattereum pic.twitter.com/8dpXkkrYGH
— Bankless (@BanklessHQ) March 23, 2024
This is already evident in ONDO’s trading volumes, which have doubled within 24 hours. This points to a bright future for ONDO and makes it one of the most undervalued cryptocurrencies to buy and hold today.
Read more: Coinbase-BlackRock News Could Push ONDO To $2
Bitcoin (BTC)
Bitcoin (BTC) makes it to the list of the best cryptocurrencies today because its price action points to a buildup in bullish momentum. Bitcoin ended last week above $66,500, an indicator that bulls are back in control after bears pushed the price to lows of $61000 earlier.
Techopedia
The result is that investors anticipating a price spike in the price of Bitcoin are starting to take positions. This is evident in the rising Bitcoin buying volumes on the hourly charts. Looking ahead, the odds are that Bitcoin’s buying volumes will continue to increase.
That’s because the Bitcoin halving is less than 20 days away, so anticipation is high that a price spike is coming, just like during past halving cycles. With Bitcoin bears being firmly rejected at $61k, the odds are that $70k or more could be attained today. This makes Bitcoin one of the best cryptocurrencies to buy today. $70k is a key short-term target, but Bitcoin could be headed to prices as high as $100k or more in the coming weeks, especially around the halving period.
Solana (SOL)
Solana (SOL) is another top cryptocurrency that is drawing a lot of investor interest. This is due to the solid underlying demand for SOL tokens as more meme coins launch on the Solana blockchain.
Want to stay up to date on the latest technical changes happening on the Solana network? 💻👀
Subscribe to Changelog, the YouTube show with @solana_devs👇https://t.co/AUE6Wo7ANs
— Solana (@solana) March 23, 2024
With alt-season expected to kick in around the time of the Bitcoin halving, the odds are that more meme coins will enter the market than anything seen within the last couple of months. Since Solana is the perfect launch platform for meme coins, thanks to its low transaction fees, most of them will be on the Solana blockchain. This assures SOL steady growth going forward.
Dogecoin (DOGE)
Dogecoin (DOGE) is another high-potential cryptocurrency that has started the week on a solid note. Across social media platforms, there is growing excitement around Dogecoin, with some anticipating that this top meme coin could be headed to $1 after the Bitcoin halving.
A monthly close in 6 days above .18 cents for #Dogecoin would flash a monthly super trend buy signal which has only happened twice in its history. Both occurrences led to multi month bull markets for #DOGE and new all time highs. Will this time be similar? Probably. #Crypto… pic.twitter.com/YpRnNfoaXR
— Yomi (@OG_Yomi) March 25, 2024
Considering that hype is one of the key factors that drives up the price of meme coins, the fact that Dogecoin hype has started now is a pointer to good things to come. As alt-season kicks in and investors go all in on trending meme coins, the odds of Dogecoin hitting $1 are pretty high.
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