It’s a mixed bag for the cryptocurrency market today. On the one hand, some cryptocurrencies are showing rising bullish momentum, while many others are still range-bound and have yet to show any meaningful price movements. Such dynamics can complicate the math for investors. That’s because, under such circumstances, it is easy to buy into pumps and dumps and ignore good projects that are still rangebound. This then leaves the question, what is the hottest cryptocurrency coins to buy today?
This is the question we seek to answer in this article and give investors a chance to maximize returns in a market that sends mixed signals. For maximum utility, this article looks at cryptocurrencies showing positive price action while also having some solid reasons behind their price pumps. The goal is to ensure that investors can ride on rising momentum without the risk of buying the top of a random pump.
Hot Cryptocurrency To Buy Today March 28
In this section, we look at cryptocurrencies showing signals of a bullish breakout and, with solid reasons, backing up such a breakout. We look at Dogecoin’s bullish momentum following the launch of a GigaWallet, ONDO’s sustained momentum on increased attention on Real World Asset Tokenization, and Bitcoin Cash’s upcoming halving on April 4th.
The article also looks at Fetch.Ai’s rising momentum on news of a possible merger with Ocean Protocol and Singularity to form a new AI token and Bitcoin’s push through the $70k resistance as the halving draws closer.
Dogecoin (DOGE)
Dogecoin (DOGE) is one of the top performing cryptocurrencies today. This follows news that the Dogecoin Foundation has launched a new wallet called the GigaWallet. The wallet is a big deal because it makes it easier for any company to integrate Dogecoin into its payment systems.
A few folk asking me how they can use GigaWallet. It’s a backend service, so it’s a tool a programmer can use to integrate Dogecoin Commerce into their own platforms and products. There ARE some plugins for online shops already, @inevitable360 has built a woo-commerce plugin for… pic.twitter.com/Ev6Ikx6Z1i
— Timothy Stebbing (@tjstebbing) March 26, 2024
The market is excited that with this wallet, Dogecoin is no longer just another random meme coin, but an actual payments currency that can be used for daily exchange of value. News of this wallet has been given impetus by the fact Elon Musk’s X, one of the largest social media platforms on the planet is integrating Apps and become a super App.
When making the announcement on X, Elon Musk included a small Dogecoin logo at the bottom, indicating that Dogecoin is part of that plan. Being one of the most famous cryptocurrencies alongside Bitcoin and Ethereum, news of utility makes Dogecoin an undervalued cryptocurrencies to buy today.
ONDO (ONDO)
ONDO (ONDO) is another top-performing cryptocurrency today, up by over 10% and gaining. ONDO’s rising momentum has a lot to do with BlackRock’s announcement that it was launching a Real-World Assets tokenization fund in partnership with Coinbase. BlackRock also announced that it expects the tokenized assets market to be worth at least $10 trillion in the next few years. This has created a lot of excitement around ONDO for two reasons.
Ondo Finance has allocated $95M of OUSG’s assets into @BlackRock’s BUIDL, as the tokenized fund draws $240M since its debut.https://t.co/hFrtDq0Auf
— Ondo Finance (@OndoFinance) March 27, 2024
First, ONDO is a tokenized assets cryptocurrency, and like the other cryptocurrencies in that space, have experienced positive price action since the BlackRock news. Second, and most important, is that, ONDO has a partnership with BlackRock, Coinbase and several other top financial institutions for real world asset tokenization. This means investors expect ONDO to play a central role in BlackRock’s strategy of tokenizing real-world assets. For this reason, there is a buildup of FOMO around ONDO, and as the hype around Real World Asset tokenization gains traction, ONDO could see even more price gains. This makes it a highly undervalued cryptocurrencies to buy now, one that easily has 100X or more potential.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) continues to outperform Bitcoin, and is one of the best performing cryptocurrencies this month. In the last 30-days, Bitcoin Cash has gained by 81%, and the upside momentum is getting stronger. The excitement around Bitcoin Cash has much to do with the upcoming halving scheduled for April 4.
Like the Bitcoin halving, the Bitcoin Cash halving is expected to cut the amount of Bitcoin Cash mined supply entering circulation by half. This means, after April 4, demand will be chasing a significantly lower supply of Bitcoin Cash. Going by the laws of demand and supply, this means the price could be headed much higher.
Bitcoin Cash, like Bitcoin, has always record massive price increases post-halving, and from its current price action, this cycle things will not be different. This makes BCH one of the best cryptocurrencies to buy today and hold for the rest of the year.
Bitcoin (BTC)
Bitcoin (BTC) is showing signals of a possible bullish breakout. Since the correction to $61k, Bitcoin has been moving higher, and has now pushed through a key resistance at $70k. Buying volumes are also on the rise, an indicator that bears have lost momentum and that higher prices are expected going forward.
Several factors will likely support increasingly bullish price action in the short to medium term. One of them is that institutional money demand is on the rise, with BlackRock indicting that demand for its ETF is on the rise. Then there is the upcoming halving on April 20, which is expected to drastically alter the demand and supply dynamics of Bitcoin. With shrinking supply and strong demand from institutional money, Bitcoin makes for a good cryptocurrency to buy today.
Fetch.Ai (FET)
Fetch.Ai (FET) has been one of the best performing cryptocurrencies this year. Things are posed to get even better for Fetch.Ai following news that it is merging with Singularity and Ocean Protocol, two other leading AI cryptocurrencies. The three are merging to form one token called Artificial Super Intelligence.
1/1 🔒
Following the announcement of our merger with @SingularityNET, and @oceanprotocol to create the Superintelligence Alliance, let’s dive into what $ASI is, and what you can expect as a $FET holder 💡
Read the details 👇https://t.co/GN6cP2Szhp pic.twitter.com/YUnss2fN8d
— Fetch.ai (@Fetch_ai) March 27, 2024
This is a big deal because it means the three tokens will be able to leverage each other’s strengths and take on the fast-rising AI market even better. This is likely to see FOMO buildup around FET as this news filters into the market. It makes FET one of the hottest cryptocurrencies to buy now.