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While Bitcoin bulls still have a firm grip on Bitcoin, which hit a new record high above $73,000 on Wednesday, investors looking to diversify their holdings continue to bet on the altcoin market
Find the best cryptocurrencies to buy today.
Bitcoin ETFs saw record inflows of more than $1 billion on Tuesday as inflows from Wall Street continued to accelerate.
Risks for Bitcoin remain strongly tilted to the upside as institutional investors rush to buy BTC ahead of April’s inflation halving.
The $100,000 test is still a possibility in the coming months.
For investors who don’t already own cryptocurrencies, Bitcoin is undoubtedly one of the best cryptocurrencies to buy today.
But investors who already hold a sizeable portion of Bitcoin may be looking to increase their exposure in order to gain more from the coming bull run.
They may look to the altcoin market to find the best alternative cryptocurrencies available today.
Here are some of the best-performing altcoins that investors will be watching on Wednesday.
The Best Cryptocurrencies to Buy Today
TON
Toncoin (TON), a cryptocurrency affiliated with private messaging app Telegram, has surged 17% in the past 24 hours, according to CoinMarketCap.
The cryptocurrency last changed hands at around $4.44, having hit a new record high of $4.60 earlier in the day.
TON’s latest market capitalization was approximately $15.4 billion. Its fully diluted market capitalization is approximately $22.7 billion.
TON's affiliation with Telegram puts it at the fingertips of hundreds of millions of daily users, suggesting it could be a leader in this bull run.
Considering it could still be 3-5x its current size, TON could very well become the best cryptocurrency to buy today.
Dovihart (WIF)
Dogwifhat (WIF) led the meme coin market on Wednesday, rising 36% in the past 24 hours according to CoinMarketCap.
WIF just hit an all-time high, topping $2.60, and now has a market cap of over $2.6 billion.
Given that Dogecoin’s market cap is around $24 billion, WIF’s market cap could be even higher.
With a potential for 10x gains, WIF could become the best cryptocurrency to buy today.
Pancake Exchange (CAKE)
DEX PancakeSwap’s CAKE token surged on Wednesday, up about 13.5% in 24 hours, according to CoinMarketCap.
The pump was launched after the DEX launched V4 to improve trading efficiency.
CAKE's last market capitalization was $4.80, which is about $1.17 billion.
If it can break above the $5.30 resistance, it will reopen the door to $10.
CAKE may even challenge 2021’s all-time high near $50. '
This could mean the cryptocurrency is poised for a 10x gain, making it the best cryptocurrency to buy today.
Cryptocurrency Alternatives Worth Considering
All the above-mentioned coins offer potential investors excellent opportunities to earn huge profits. While the future of cryptocurrencies is always uncertain, these names may be among the best cryptos to buy today.
However, those seeking higher possibilities for short-term gains should consider another high-risk, high-reward investment strategy – participating in a cryptocurrency pre-sale.
Pre-sales provide investors with regular access to projects in their early stages, thus potentially earning returns up to 100x.
If investors can find projects with solid foundations, the risk/reward of their investment is very good.
Analysts on the investment research team are spending a lot of time researching new tenfold crypto coins. It will be announced in the fan circle in the near future.
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