Cryptocurrencies like Worldcoin, The Graph and Arweave compete for best crypto to buy today Image by cryptonews.com
With Bitcoin (BTC) holding above $52,000 on Monday in wake of data revealing record weekly inflows into crypto investment products, investors are scouring altcoins markets for the best crypto to buy today.
Crypto investment products saw inflows of just under $2.5 billion last week, as per a weekly blog post by CoinShares.
That’s the most ever and takes yearly inflows to $5.2 billion.
Bitcoin unsurprisingly accounts for the lion’s share of these inflows in wake of the January approval of spot Bitcoin ETFs.
But whilst inflows continue to support the Bitcoin price, making it potentially the best crypto to buy today, attention is turning to Ether (ETH), the second largest cryptocurrency by market capitalization.
While BTC is up around 7% in the last week, ETH is up close to 15% and above $2,900.
Various Ether-based spot ETFs are likely to gain approval this year, Bernstein argued on Monday.
That, combined with Ether’s deflationary tokenomics, staking yield dynamics and environmentally friendly design could make ETH the next “institutional darling”.
With Ether likely to push above $3,000 imminently, it could be another candidate for the best crypto to buy today.
While blue-chip cryptocurrencies can offer the prospect of strong near-term gains, altcoin bets could see even greater payoffs.
That’s because the smaller market cap tokens of lesser-known projects are much more volatile, owing to their low liquidity.
Here are some of the best alternative smaller-cap altcoins that could be the best crypto to buy today.
Best Crypto to Buy Today
Worldcoin (WLD)
Having now reached 1 million global users and in wake of OpenAI’s launch of a new text-to-video generator Sora, Worldcoin (WLD) is pumping.
Up 35% in the past 24 hours, as per CoinMarketCap, WLD just hit new all-time highs close to $8.
Worldcoin was founded by OpenAI CEO Sam Altman, hence the correlation with positive OpenAI developments.
With a still small market cap of under $1 billion, WLD has a lot of room to run to the upside.
That’s why WLD could be one of the best crypto to buy today.
The Graph (GRT)
Blockchain information retrieval protocol The Graph (GRT) is also pumping on Monday.
GRT was last up around 20% in 24 hours, as per CoinMarketCap, and hit its highest level since May 2022.
GRT was last trading just above $0.26, having just broken above resistance around $0.23.
The door is know open for a swift pumping higher into the $0.50s.
The prospect of quick 2x gains means GRT could be the best crypto to buy today.
Arweave (AR)
Up over 16% in the past 24 hours as per CoinMarketCap, Arweave (AR) is eyeing a break above long-term resistance.
If AR can pump above resistance in the $15-18 area, a return to bull market conditions will finally be confirmed.
AR could quickly 3x to resistance in the $42 area.
Arweave is a decentralized storage network.
Meme Kombat (MK)
Well-established altcoins like Worldcoin, The Graph and Arweave can offer investors a great risk-reward ratio.
But another alternative investment strategy risk-tolerant investors could consider is getting involved in crypto presales.
Presales allow startup projects to offer native tokens at early bird discounts before public listing sends prices soaring.
While presales carry hazards akin to startup investing, they can offer huge upside potential.
A presale project that the team at Cryptonews has been watching closely is a meme coin called Meme Kombat (MK).
Meme Kombat blends GameFi and GambleFi, as characters representing all of the major meme coin communities compete in a fierce battle arena.
To fund the development of its platform, Meme Kombat has been conducting a presale of its native MK token.
And tokens have been flying off the shelf, with the presale fast approaching $9.25 million in funds raised.
Can’t believe we’re saying this, but $9.2million raised!
LFG fighters pic.twitter.com/mRVesHZPeJ
— Meme Kombat (@Meme_Kombat) February 19, 2024
Potential investors are thus running short on time to get involved before the $10 million hard cap is hit.
Meme Kombat’s wide appeal to meme coin investors, strong presale demand, exciting use case, and growing social media interest suggest this token could explode when it launches later this year.
The post Best Crypto to Buy Today February 19 – Worldcoin, The Graph, Arweave appeared first on Cryptonews.