Historically, crypto prices have tended to dip ahead of Bitcoin halving, and this time around, it is no different. For the last few days, Bitcoin and other top cryptocurrencies have experienced a significant dip in value. However, as history shows, this dip is usually followed by a rally to new all-time highs after the halving. Under the current market sentiment, an investor may wonder, which is the best cryptocurrency to invest in today?
This is the question that we seek to answer in this article. The article narrows down on cryptocurrencies that have not only dipped and have rebound potential but also those that have made a quick rebound already and are pushing to potential new highs.
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Best Cryptocurrency To Buy 2o March
In this section, we look at some of the best cryptocurrencies to buy for maximum potential as the market rebounds. We look at Ethereum’s potential as BlackRock bets $100 million on Ethereum for tokenization, Bitcoin’s potential as the halving draws nearer, and Fetch.Ai’s rising momentum as the hype around AI gets stronger.
The article also looks at Solana’s potential for growth as it continually appears set to outpace Ethereum as a launch platform for Dapps, as well as Toncoin’s growing strength, thanks to its growing adoption within the Telegram ecosystem.
Ethereum (ETH)
Ethereum has experienced a 20% correction in the past week, slightly higher than other top 10 cryptocurrencies. This is mainly due to uncertainty around the approval of its ETF by May this year. However, the uncertainties around the ETF are only a tiny fraction of what Ethereum is all about. With or without the ETF, Ethereum’s core fundamentals are improving.
The recent Dencun upgrade has made it easier for investors to buy and sell Ethereum tokens without most of their money being eaten up by fees. This is a big deal because, unlike most of its rivals, Ethereum is decentralized, which makes it safe for big investors because it cannot be censored. The faith that has in Ethereum is already evident in the fact that BlackRock, one of the largest investment funds in the world has moved $100 million into the Ethereum ecosystem.
It could be a pointer that BlackRock sees a future in Ethereum as a platform for asset tokenization. This, coupled with Ethereum’s deflationary tokenomics, makes it one of the best cryptocurrencies to buy the dip today. The odds are in its favor in terms of an explosion of value once the broader market turns super bullish post-Bitcoin halving. With some analysts projecting $10k or more per Ether this year, it is easy to see why it is one of the best investments today.
Bitcoin (BTC)
Bitcoin (BTC) is the king of crypto and continues to see a surge in investment by institutional money ahead of the halving. Also, Bitcoin seems to be following a predictable path that it has followed throughout its history. It usually dips before the halving, then rockets after the halving to make new all-time highs. This time the supply is expected to get lower than ever before, and many analysts are projecting that Bitcoin could be headed to prices above $150k in the coming months.
The projections about Bitcoin are not without basis. At the moment, Bitcoin demand is coming from quarters that it has not enjoyed in the past, and that’s institutions. Since the Bitcoin ETFs were approved, the inflows into the BlackRock ETF have exceeded $10 billion, and these figures keep getting higher.
The real fun starts after the #Bitcoin halving.
Don’t get shaken out now. pic.twitter.com/ciBKama6OA
— Mister Crypto (@misterrcrypto) March 20, 2024
This means there is a growing demand for Bitcoin, which will soon be chasing half the daily mined supply it has been chasing so far. Going by simple demand and supply economics, Bitcoin is set to make new highs. At the same time, the Bitcoin use case is getting bigger thanks to Bitcoin layer-2s, such as Stacks, making Bitcoin usable for smart contracts. All these factors make Bitcoin a highly undervalued cryptocurrency to buy today.
Fetch.AI (FET)
Fetch.Ai (FET) is one of the cryptocurrencies making a quick rebound from the ongoing crypto market correction. It is an indicator that investors have faith in Fetch. AI is one of the cryptocurrencies most likely to outperform the market in an all-out bull run.
Discover unlimited possibilities with https://t.co/kJ9URVpOul‘s #aiagent technology, turning an infinite number of scattered services into a refined marketplace of chained tasks and solutions 🌐https://t.co/kJ9URVpOul is for Agents, what @Google is for websites 🔗🤖 pic.twitter.com/EMynUNnPFu
— Fetch.ai (@Fetch_ai) March 19, 2024
One of the key factors giving investors confidence in Fetch.AI is that it’s gaining in adoption. Several top corporations, including Deutsche Telekom, are already working with Fetch. Ai for their AI needs. This, and the fact that across the investment circles, AI is leading as a top money maker, means money will continue flowing into Fetch.Ai. This makes it one of the best cryptocurrencies to buy and hold today, anticipating exponential returns on investment post-Bitcoin halving.
Solana (SOL)
Solana (SOL) is one of the fastest-growing layer-1s today, regularly outpacing Ethereum in daily trading volumes. One of the biggest attractions to Solana is its fast-growing meme coin ecosystem.
☀️ The Spring Equinox has arrived! ☀️
The days are getting longer…and that can only mean one thing. What will you build this #SolanaSpring? 👀
— Solana (@solana) March 20, 2024
With many investors expecting meme coins to offer the most value growth once the bull cycle kicks in post-halving, demand for Solana will continue to strengthen. Investors love Solana because its fees are near zero, which makes it practical even for small investors who may not have much money to put into the crypto market. Solana’s growing adoption has already seen it navigate the current market dip better than most top 10 cryptocurrencies. It is a pointer of good things to come for this top cryptocurrency.
Toncoin (TON)
After a slight dip when the broader market correction started last week, Toncoin (TON) has rebounded and made some gains.
🚀 We are excited to announce the official launch of @TONHackerHouse in Hong Kong on April 4th!
Register now to join 100+ devs at the forefront of Web3, competing for a $1.5M prize pool.
👉https://t.co/EwwOcks0Wj pic.twitter.com/pyOqDdJgPV
— TON Community News (@Toncoin_Army) March 18, 2024
Toncoin’s rising momentum has a lot to do with the fact that, besides being a speculative asset, it has a real use in Telegram, one of the world’s largest social messaging platforms with over 900 million users. Since Telegram announced that all payments, including those to creators, will only happen in TON, the demand for this token has increased. With a Telegram IPO possibly in the works, TON is one of today’s best cryptocurrencies.
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