With new cryptocurrencies coming up every day, it’s easy to get confused about the best ones to buy. If you are facing such a dilemma and are afraid of missing out on the next bull run, then you have come to the right place.
In this article, we seek to help you identify the best cryptocurrencies to invest in today. To narrow down the best crypto investments today, we have focused on cryptocurrencies that are trending or have big news coming up. That’s because these cryptos are likely to have the most liquidity, a critical factor in driving up the price over time.
Undervalued Crypto To Buy Today
In this article, we look at the most undervalued cryptocurrencies to buy now. We will pay close attention to those that have generated significant buzz online in the last 24 hours. We look at Chainlink’s whale activity, Honk’s new exchange listing, and Ronin’s entry into Binance. We also look at Mantra’s platform overall for a better customer experience and Whales Market’s impressive tokenomics.
Chainlink (LINK) has been one of the few top 20 cryptocurrencies that have made some gains in the last 24 hours. At a time when the crypto market as a whole is directionless, Chainlink seems to be coming out quite strongly and is close to testing the $20 mark. Chainlink is currently trading at $18.66, and its market cap is $10.955 billion.
Besides its strong fundamentals, as the largest decentralized oracle cryptocurrency, investors are taking an interest in the fact that whales are accumulating Chainlink. The most recent whale activity on Chainlink involves an entity that has bought $42 million worth of LINK tokens.
Even more interesting is that the person or institution buying these enormous amounts of Chainlink seems to be doing so with intentions to HODL. That’s because around 2,237,504 LINK tokens were withdrawn from Binance to a wallet.
The move comes just a day after another big purchase of $4.12 million worth of LINK was made from Binance and withdrawn to multiple new wallets. This has got investors bullish, as it indicates that even big-money players believe LINK is about to explode. The excitement also stems from the fact that LINK recently broke a multi-month range by trading above $17.
With Chainlink’s solid fundamentals and the increased whale activity, Chainlink is definitely a cryptocurrency worth considering today.
Honk (HONK) in recent days established itself as one of the best Solana meme coins in the market today. In the last 24 hours alone, HONK has doubled in value before profit-taking led to a correction. At the moment, Honk is trading at $0.01239, up by 65% at the time of writing. Its market capitalization stood at $11.41 million at the time of writing.
Honk’s current rally reflects deliberate moves by the team behind it to ensure that the token succeeds. For instance, the team has been running Instagram campaigns to ensure that as many people as possible know about this token. The team has also been working to ensure that more centralized exchanges list the tokens.
All these moves are working, and investor attention on Honk is rising. More Exchanges are also listing HONK, with MEXC being the latest exchange to list this hot trending meme coin.
— MEXC (@MEXC_Official) February 6, 2024
Given all the attention Honk is getting at the moment and its price responsiveness, it’s a crypto with a promising future ahead.
Mantra (OM) is one of the best-performing cryptocurrencies at the moment. In a week when most cryptocurrencies have recorded sluggish performance, Mantra has gained 58% in just 7 days. This has seen its market capitalization rise to $120.836 million, making it the 310th largest cryptocurrency.
A combination of factors drives Mantra’s rally. The first is its approach towards DeFi with a focus on regulation. This is a big deal as it comes at a time when institutional money is interested in crypto. By positioning itself as a regulatory-compliant DeFi platform that also bridges with Centralized Finance, the odds of adoption are high.
— MANTRA ⚛️ (@MANTRA_Chain) February 6, 2024
Mantra has also revamped its platform, making it easier for users. This has drawn in even more investors and increased the demand for Mantra Tokens. As institutional money continues flowing in crypto, Mantra is a high-potential cryptocurrency worth observing.
Gaming is a big business, and Ronin (RON) is a cryptocurrency project looking to take a share of the pie. Ronin is founded by the same people behind the hugely successful Axie Infinity.
Ronin has built the reputation of being the only blockchain that handles millions of people playing a single game without any scaling issues. So successful is Ronin that, to date, it has handled NFTs worth over $4 billion.
How does Ronin ensure robust security throughout a growing ecosystem?
Ronin’s Head Researcher, Phuc Thai, discusses Ronin’s security measures from Ronin Evolution Proposals (REPs) to shadow forks 👇
— Ronin (@Ronin_Network) February 6, 2024
Ronin’s success is reflected in its token’s price action. In the past 24 hours, trading volumes have surged by 26% to $158.788 million. Ronin now ranks 76th in crypto rankings with a market capitalization of $802.219 million.
The latest news is that Ronin is now listed on Binance. This makes it available to an even wider audience. Given its strong fundamentals and listing on a top exchange like Binance, Ronin is a potential money maker.
Whales Market (WHALES)
Whales Market (WHALES) is making it easier for investors to trade cryptocurrencies in the P2P market. It has built a platform that is quite strong on security, increasing investor confidence to deal with even bigger amounts, P2P.
Whales Market’s rise as a trading platform has positively impacted investor confidence in the token. This is evident when more exchanges are willing to list this token. Most recently, the Whale Market token has been listed on CoinEX and Bitmart. This makes the token available to more traders, which means more liquidity.
— Whales Market 🐳 (@WhalesMarket) February 5, 2024
Whales Market currently has a market cap of $46.49 million, and is trading at $3. Given its low circulating supply of only 15.5 million tokens, it is a cryptocurrency with a high potential to pump in a bull market.