Last update:
February 20, 2024 12:38 EST | 2 minutes read
FIL, CHZ and SC have been rated as potentially the best cryptocurrencies to buy today. Image from cryptonews.com.
As Bitcoin (BTC) and Ether (ETH) prices are choppy after hitting new multi-year highs earlier in the session, investors are looking for altcoins with more compelling bullish momentum in hopes of finding the best cryptocurrency you can buy today.
Bitcoin briefly topped $53,000 on Tuesday, while Ether temporarily traded at $3,000.
Both have since declined by around 3%, with BTC now trading at lows of $51,000 and ETH back at $2,900.
With Ether failing to break $3,000 and BTC seemingly still in its recent $51,000-$53,000 range, traders are looking for alternatives that could be the best cryptocurrency to buy today.
Here are some smaller altcoins that are currently trading with stronger bullish momentum.
The best crypto to buy today
Filecoin (FIL)
The decentralized data storage protocol Filecoin (FIL) has been on the rise recently.
FIL reached almost $8 per coin on Tuesday, approaching its high for the year.
According to CoinMarketCap, FIL is up over 9% in 24 hours and was last seen just above $7.50.
Filecoin is up 60% from its yearly lows, and if it can break through resistance at $8.10, Qoculd will quickly rise another 25% to highs of around $9.50 in 2023.
The prospect of quick potential profits makes FIL one of the best cryptocurrencies to buy today.
Chiliz (CHZ)
Another altcoin with strong momentum is the sports and entertainment-focused blockchain Chiliz (CHZ).
According to CoinMarketCap, CHZ rose 6% in 24 hours and recently hit new multi-month highs above $0.1260.
CHZ is up a staggering 125% from last October's low.
However, this could be nothing compared to the gains to come if CHZ can break a long-term downtrend.
Chiliz could be the best cryptocurrency to buy today / Source: TradingView
If successful, a recovery to 2022 highs in the $0.30 area or to record highs near $1.0 is possible.
For this reason, CHZ could be one of the best cryptocurrencies to buy today.
Siacoin (SC)
Decentralized cloud storage network Sia’s native token Siacoin is up 6% in 24 hours, according to CoinMarketCap.
SC just hit its highest level since the start of 2022 above $0.015.
SC is up more than 500% from its 2023 lows and is planning another 300% increase towards its 2021 record highs above $0.06 per coin.
With a market cap of only around $800 million, quadruple gains are certainly within the realm of possibility.
Therefore, Siacoin could easily be one of the best cryptocurrencies to buy today.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great opportunity to make solid profits.
While the future is always uncertain when it comes to cryptocurrencies, these names could be some of the best cryptocurrencies to buy today.
However, those looking for a better probability of short-term profits should consider an alternative, high-risk, high-reward investment strategy – engaging in crypto pre-sales.
Pre-sales offer investors the opportunity to participate in a project at a very early stage, potentially generating returns of up to 100x.
If investors can identify projects with solid foundations, the risk-reward ratio of their investment is very good.
Cryptonews analysts spend a lot of time reviewing new presale projects.
According to the Cryptonews team, here are 14 of the best pre-sales of 2024:
Check out the 14 cryptocurrencies
Disclaimer: Crypto is a high risk asset class. This article is for informational purposes and does not constitute investment advice. You could lose all of your capital.
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