Bitcoin is slightly over $3k from its all-time highs of $69k, and investors are excited that once this price level is broken, the hype for the next crypto super cycle will have started. This means it’s time to scout for cryptocurrencies that offer the maximum possible potential in the upcoming bull cycle.
With so much at stake in capitalizing on the bull cycle, a savvy investor may wonder, what is the best cryptocurrency to invest in today?
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This may seem simple, especially in a bull cycle when you can throw money at any crypto and make something off it. However, when considering that many scammers make away with investors’ capital daily, it becomes prudent for investors to seek an element of capital safety, even when chasing gains. This is precisely what this article delivers to investors. By the end of this article, investors should be able to choose cryptocurrencies that offer a mix of high return potential and are led by credible people who are not out to make a quick buck at the expense of investors.
Top Crypto To Buy Today
Because all eyes are on Bitcoin as it approaches its all-time highs, this article focuses on cryptocurrencies likely to move closely with Bitcoin once it pushes through its all-time highs. It looks at Shiba Inu’s price run driven by whale activity, PEPE’s reawakening on broader market momentum, and Ethereum’s close price relationship with Bitcoin ahead of a major upgrade. The article also highlights Stacks, a Bitcoin layer 2 solution whose price is moving closely with Bitcoin, and of course, Bitcoin itself, now that all eyes are on it as it approaches its all-time high of $69k.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the best-performing cryptocurrencies not just today, but for over a week now. This gives it a solid correlation to Bitcoin, as the gains came after Bitcoin pushed through $60k.
Now that Bitcoin is about to blast through its all-time highs, Shiba Inu is among the cryptos that look all set to experience a surge in volumes as investors anticipate a new rally into unchartered territory.
#ShibaInu Burn Rate Skyrockets Over 300% As Price Kicks A Zero 🚀
Keep on HodLing ♻️ $SHIB https://t.co/aCk7lE9RES
— Shiba Inu (@ShibainuCoin) January 12, 2024
Besides SHIB’s potential due to a Bitcoin breakout, it also stands out because whales are buying it up in huge numbers. This week, two whales bought up nearly $1 million of SHIB tokens. Since whale activity is usually a precursor to big moves, Shiba Inu is a cryptocurrency worth adding to a portfolio today.
PEPE (PEPE)
Pepe (PEPE) is another meme coin doing exceptionally well now. In just a week, it has gained by over 700%. Now that another crypto bullish supercycle could be about to start, PEPE is likely to lead the way in gains. That’s because investors have seen what PEPE can do.
There is also the fact that while meme coins hold a lot of potential for gains, many of them are pumps and dumps. PEPE, one of the most credible ones, will likely see more buyers pile in. This is based on the knowledge that there is potential for explosive value growth, and that PEPE is not about to rugpull and leave them holding worthless tokens.
“The Era of the Memecoin is Back” $PEPE mentioned today on @business @BloombergTV 🐸 pic.twitter.com/wRBRmEntKN
— Pepe (@pepecoineth) March 5, 2024
If buying volumes for PEPE in the past week are anything to go by, PEPE could see explosive value growth once Bitcoin pushes through its all-time highs. This is a cryptocurrency worth holding to maximize returns this cycle.
Ethereum (ETH)
Ethereum (ETH) has been one of the top cryptocurrencies trading in line with Bitcoin for weeks. It is currently about $1000 shy of its all-time high. If Bitcoin breaks its all-time highs soon, Ethereum will follow suit, which could mean new highs in the $10k range or more.
Besides trading in the overall direction of Bitcoin, Ethereum has lots of big news coming up that could help propel it even further. Among these are the Dencun upgrade and the upcoming ETFs in May.
The SEC has delayed its decision on BlackRock and Fidelity’s spot #EthereumETF . The SEC’s delay doesn’t come as a surprise since most already have long speculated that the SEC will only decide to approve or deny the ETFs once the first final deadline arrives in May. #Ethereum
— ***.with.Axel (@AXE_Finance82) March 5, 2024
The ETFs are particularly a big deal because they will significantly push up the demand for Bitcoin. This comes at a time when the supply of Ethereum is shrinking, with most Ethereum locked in smart contracts or staked. Such a confluence of positive factors could see Ethereum hit price levels that may seem unimaginable.
Stacks (STX)
Stacks (STX) is a Bitcoin layer-2 solution seeking to open up more than $500 billion in value on the Bitcoin network. This use case has seen Stacks emerge as one of the most valuable cryptocurrencies in the market today.
We’ve come a long way to activate the Bitcoin economy 🫡🟧 pic.twitter.com/JAFvQMSrya
— stacks.btc (@Stacks) March 4, 2024
Besides the use case, one exciting aspect of Stacks is that it has been trading closely in line with Bitcoin’s price for most of this year. While Bitcoin has increased from around $30k to its current price, Stacks has also moved from under $0.50 to highs of $3.30.
This correlation means that if Bitcoin were to push through its all-time highs and lead the market to new highs, Stacks could easily hit prices above $20 or more. For such potential, it stands out as a strong crypto buy today.
Bitcoin (BTC)
Bitcoin (BTC), being the market leader, is a smart cryptocurrency investment today. For starters, it is attracting most of the attention now in the media, which means most new investors will likely buy Bitcoin first, then the rest.
However, it is not just the media hype that makes Bitcoin a strong buy now that it’s close to its all-time highs. It’s also the fact that its supply and demand dynamics are among the best in the market today.
Anthony Pompliano explains why he believes #Bitcoin is going “much, much higher” and why it could even double in price over the next few weeks. 🤯
$70,000 —> $140,000
You are not bullish enough‼️ pic.twitter.com/gn8jqwXhtQ
— The ₿itcoin Therapist (@TheBTCTherapist) March 5, 2024
Currently, only 900 Bitcoin are mined daily, and after the halving, this amount will drop to 450 BTC. This is quite a small amount, considering that billions of dollars are flowing into Bitcoin from retail and institutional investors. Such metrics give Bitcoin the potential to hit over $200k a coin, making it a solid crypto investment today.
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