There is a lot of good news coming out of the cryptocurrency market at the moment. Most of it concerns the institutional adoption of cryptocurrencies, with the BlackRock Bitcoin ETF now being available in the Brazilian market. With so much potential for high gains, it is only natural to wonder, what is the best crypto to invest in today?
While tons of them can make investors good money, this article narrows down on those with the most potential today. The selection is based on the cryptocurrencies with big news that could propel them to new heights and overall level of community activity, as it’s a reliable bullish signal.
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Popular Crypto To Buy Today
This article focuses on high-potential cryptocurrencies that can easily record parabolic gains today and during the weekend and potentially hit their all-time highs. The article touches on Ethereum’s potential as Dencun draws nearer, Chainlink’s emergence as a top choice for proof-of-reserves among ETFs, among other uses, and Bitcoin’s potential as the BlackRock ETF expands its reach. The article also touches on Fetch.AI’s breakout as hype builds up around AI tokens and Jupiter’s new bullish momentum as FOMO builds up around the Solana ecosystem.
Ethereum (ETH)
Ethereum (ETH) is one of the best high-potential cryptocurrencies today. This is all thanks to the big news that is anticipated to keep pushing it forward.
One of the upcoming events that put Ethereum at the forefront for a major rally is the Dencun upgrade. This upgrade will lower trading fees for layer-2s, a factor that is expected to spur demand for Ethereum tokens. Some Ethereum tokens, such as PEPE, are already showing bullish signals, which will likely accelerate once the Dencun hard fork is complete.
Another big factor that makes Ethereum a crypto to watch today is the upcoming Ethereum ETFs. While they are about two months away, investors are increasingly bullish that Ethereum ETFs will be approved this May. This has led investors to take positions in Ethereum, pushing Ether through the $3k mark.
#JimCramer, the host of CNBC’s Mad Money show, believes that a spot #ethereum exchange-traded fund (ETF) “will soon bloom.” https://t.co/U36Q9JTQcf
— Bitcoin.com News (@BTCTN) March 1, 2024
As optimism for an Ethereum ETF draws closer, FOMO around Ethereum could soon see this cryptocurrency hit its all-time highs. Also, Ethereum is moving in lockstep with Bitcoin, which is a positive signal. That’s because the upside momentum around Bitcoin is pretty high as it approaches its all-time highs. If Bitcoin pushes through its all-time highs this weekend, Ethereum could also be well on its way to prices above $4k before the weekend.
Such positive factors make Ethereum a cryptocurrency that investors should watch today.
Chainlink (LINK)
Chainlink (LINK) has been trading between $18 and $20 for over a week. However, a growing confluence of positive news around LINK makes it one of the best cryptocurrencies to buy today.
One is the recent revelation that the Ark Bitcoin ETF used Chainlink for proof-of-reserves. This is a big deal as it points to the central role that LINK has to play as the cryptocurrency market goes mainstream.
Today, another big news has come out of the Chainlink ecosystem involving Metis. Metis has announced using Chainlink CCIP in its token bridging infrastructure. The Metis team has announced that they are using Chainlink’s CCIP infrastructure because it gives developers a high level of security and easy programmability of token transfers.
All these point to the central nature of Chainlink in the cryptocurrency market. Another factor likely to add to Chainlink’s momentum in the coming days is its dev team becoming more regular in the media. Yesterday, the Chainlink dev team was on Nasdaq explaining how capital markets are adopting blockchain technology, and the role that Chainlink has to play in it all.
.@chainlink Co-Founder @SergeyNazarov joins @JillMalandrino on @Nasdaq #TradeTalks to discuss capital markets adopting blockchain and navigating the fragmentation within the expanding multichain landscape. https://t.co/Awq36NVDjn
— TradeTalks (@TradeTalks) February 29, 2024
With growing adoption and media attention, the odds of Chainlink going parabolic are high. It is a cryptocurrency worth having in a portfolio for investors seeking safety and parabolic investment returns.
Fetch.AI (FET)
Fetch.AI is one of the most noticeable AI cryptocurrencies in the market today. This is a big deal because AI is one of the technologies expected to drive growth in the coming years. This explains why even AI-related stocks are among the best performing. As such, Fetch.AI, one of the most recognized AI tokens in the market today, has strong odds of growth.
Every market cycle brings new narratives that are absolutely going insanse and this cycle it’s all about #AI.
The three must have #Al gems in your portfolio for this bull cycle.👇
– $FET (@Fetch_ai): Enables autonomous agents to interact with each other and the real world.… pic.twitter.com/LbWSYd4Fn5
— Andrew Crypto (@MrTastycalls) March 1, 2024
Besides being popular, Fetch.AI has a lot going on that warrants its growing clout in the market. For instance, it recently announced a partnership with Deutsche Telekom and Bosch, partnerships that have shown its value in companies seeking decentralized AI platforms.
Fetch.AI also comes off as a top cryptocurrency to invest in today because the hype around it is building on social media. Today, FET is one of the top trending cryptocurrencies on X. Social media hype often leads to FOMO, and FET’s price already shows positive signals. Before this FOMO builds into a full-blown bull run, Fetch.AI could be one of the best cryptocurrencies to buy now.
Jupiter (JUP)
Jupiter (JUP) is one of the largest decentralized exchanges today for trading Solana tokens. While Jupiter had a rough start to trading a while back due to a chaotic airdrop, the price has stabilized, and bullish momentum is rising.
Jupiter’s potential for exponential gains is quite high, driven by growing investor interest in Solana tokens, especially meme coins. This demand will likely get stronger as bullish momentum builds up. That’s because, trading Solana tokens is cheaper than Ethereum tokens.
🚀 Do you want to trade Solana tokens like $WIF, $WEN and $NOS with up to 8X leverage and 0 funding fee? Introducing Lavarage: Your multi-chain non-custodial leveraged trading hub, Powered By Jupiter: A 🧵
Follow @lavaragexyz, turn on notifications, and stay tuned for our beta. pic.twitter.com/NqTR7JPw4Y
— Lavarage | Coming Soon on Solana (@Lavaragexyz) March 1, 2024
For small investors who want to play the market, especially meme coins, Jupiter is the platform of choice. This is a big deal regarding JUP’s utility, making it one of the best cryptocurrencies to buy now.
Bitcoin (BTC)
Bitcoin (BTC) is another popular cryptocurrency worth buying today, thanks to the confluence of big news around it. At the moment, investors are all keen on the upcoming Bitcoin halving in April.
However, even before that, there is already a lot of hype around Bitcoin due to institutional buying. The BlackRock Bitcoin ETF has emerged as one of the best platforms for institutions looking to buy BTC.
OTC #Bitcoin is running on empty. pic.twitter.com/vEgt6BKCse
— 👑Crypto Caesar👑™️ (@crypto_caesar1) March 1, 2024
This ETF is set to get even bigger thanks to its expansion into the Brazilian market. This is expected to drive up demand for Bitcoin and could start reflecting in the price soon. When you consider Bitcoin’s demand and supply dynamics at the moment, there is no doubt that it is one of the best cryptocurrencies to invest in now.
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