Yesterday’s FOMC announcement that it was holding interest rates steady has triggered bullish sentiment across the financial markets, including crypto. That’s because expectations are high that the next step will be a rate cut, with some projecting that such a move will come as early as June. This, coupled with the already strong expectations around crypto post-Bitcoin halving, has seen the money flow into crypto shoot up exponentially in just 24 hours. In this increasingly bullish environment, you are probably wondering, what is the best cryptocurrency to invest in today?
This article seeks to answer this question and help investors make prudent decisions ahead of a potentially parabolic bull rally. For maximum rewards, while also keeping risks at manageable levels, this article looks at cryptocurrencies that have strong core metrics, including use cases and the communities backing them up.
Best Crypto To Invest Today
In this article, we look at a cryptocurrency that provides a favorable risk profile while presenting the potential for parabolic returns on investment. We look at Bitcoin’s increased inflows post FOMC, Ethereum’s price potential as BlackRock seeds tokenized fund with $100 million, and Jupiter’s price potential as investor interest in Solana meme coins continues to rise.
The article also touches on top trending meme coins that hold the potential for parabolic gains based on the trust they have built among investors. These meme coins are PEPE and FLOKI.
Bitcoin (BTC)
Bitcoin (BTC) is one of the safest cryptocurrencies today. At this point, the markets have established will never go to zero, hence growing interest in it as an investable asset by institutional investors. However, not just Bitcoin’s risk profile makes it a top cryptocurrency to buy today.
NEW: #Bitcoin back over $68,000 with a MASSIVE $6,000 green candle.
The biggest daily $$$ increase since Feb, 2021! pic.twitter.com/u1jYBOgtZJ
— Bitcoin Archive (@BTC_Archive) March 20, 2024
The broader financial markets profile increasingly favors Bitcoin. After yesterday’s FOMC rates decision, there is growing expectation that the only way interest rates can go from now on is down. Investors are more willing to allocate some of their investable assets to Bitcoin.
This is evident in the increased money flow into Bitcoin over the last 24 hours. A confluence of the growing money flow into Bitcoin, and the upcoming Bitcoin halving means it is one of the best assets to buy now. The odds of it hitting prices above $100k quickly are quite high. This presents a perfect risk-reward potential even for investors looking to buy Bitcoin today.
Ethereum (ETH)
Ethereum (ETH) had been hit by significant FUD earlier in the week about the SEC investigating the Ethereum Foundation and the increasingly low probability of an Ethereum ETF. However, Ethereum has defied all that and made quite a strong showing after the FOMC decision to keep rates flat. It shows that the underlying use case of adoption makes it an increasingly low-risk asset that is not easily shaken by external events.
Besides the impressive risk profile, Ethereum has a lot going for it, making it an impressive asset for investors seeking parabolic returns on investment. One of them is that it is presenting itself as the blockchain that will be used to tokenize every other financial asset. BlackRock has already opened the way for Ethereum by launching a tokenized asset fund on the Ethereum blockchain.
“The Future of L2s” is officially live on @EthTaipei, featuring @thegoodboss2, cofounder of Metis, @VitalikButerin, creator of #Ethereum, and many others!🤯
Tune in now👉https://t.co/mWknpUpmav pic.twitter.com/CVZG7d0bcU
— Metis🌿 (@MetisL2) March 21, 2024
Besides the potential in asset tokenization, Ethereum is also set to benefit immensely from the recent upgrades to the network that have significantly lowered costs. The long-term implications are that more Dapps will choose Ethereum because of its many other advantages, including security. With some analysts projecting that Ethereum could go as high as $20k, it is an undervalued cryptocurrency to invest in today.
PEPE (PEPE)
Pepe (PEPE) is one of the best-known meme coins in the market today. In the last 24 hours, Bitcoin has pushed the market higher, and PEPE has emerged as one of the best performers. This has much to do with investors’ trust in PEPE.
To kick off World Frog Day, Pepe is doing a giveaway with @cryptocom 🐸
For those in the US looking to use a cex and avoid fees, the https://t.co/s1woZbq6Rp app is the easiest and cheapest place to purchase $PEPE https://t.co/16kkGC17Fy
— Pepe (@pepecoineth) March 20, 2024
While many meme coins out there promise impressive returns, many of them are pump-and-dump schemes. PEPE’s decentralized nature and strong social media community make it a low-risk meme coin. This coupled with the fact that meme coins tend to do exceptionally well in all-out bull markets, means PEPE could be primed for a parabolic price run as the bull run gains momentum.
FLOKI (FLOKI)
FLOKI (FLOKI), like PEPE, is one of the best-performing meme coins in the market in the last 24 hours. It is a signal that this is one of the top meme coins investors would choose in an all-out bull market. Like PEPE, FLOKI has a lower risk profile than most meme coins. That’s because of its strong community and a high total value locked for it to be pump-and-dump.
FLOKI AND TOKENFI TO BE THE OFFICIAL CRYPTO PARTNER FOR WORLD TABLE TENNIS CHAMPIONSHIP IN SOUTH KOREA, SET TO REACH HALF A BILLION PEOPLE#Floki and #TokenFi are making waves in the sports world by becoming the Official Cryptocurrency Partner for one of the largest World Table… pic.twitter.com/OxkXkzjcvh
— FLOKI (@RealFlokiInu) March 21, 2024
Investors are also attracted to FLOKI because it is more than a meme coin; it has a fast-growing ecosystem of DeFi and an NFT marketplace, among other tools. This, coupled with the fact that FLOKI recently burned a trillion tokens, gives it the potential to outperform most cryptocurrencies in a super bull cycle. It is an undervalued meme coin to consider buying today and holding for the remainder of 2024.
Jupiter (JUP)
Jupiter (JUP) has made quite a strong showing this week. Even when Bitcoin dragged down the market, Jupiter was still doing well. This indicates that investor confidence in JUP as an investment is high.
smole — smolecoin is live on https://t.co/knthINxFwN.
You can now Swap or place DCA/LOs on https://t.co/knthINxFwN while tapping into liquidity venues across Solana. Make sure you are trading the right token! https://t.co/SWWW7QLupP
— Jupiter 🪐 (@JupiterExchange) March 21, 2024
The low trading fees on the Solana blockchain bolster Jupiter’s potential. This has led to an explosion of meme coins trading on the Jupiter DEX. Given that investors tend to gravitate heavily toward meme coins in bull markets, this could uplift Jupiter significantly during this bull cycle. Jupiter is a cryptocurrency worth buying today with the potential to hit prices as high as $10.