- Let’s take a look at Friday’s best performers and assess whether they might be the best cryptos to buy today – BONK, BEAM, SUI.
As Bitcoin (BTC) cruises towards $48,000 and leads a broad crypto market rally, higher risk-tolerant crypto investors are scouring the smaller cap altcoins markets on the hunt for the best crypto to buy now.
Bitcoin is up 6% in 24 hours after strong inflows into newly launched spot Bitcoin ETFs on Thursday.
Continued upside in the US stock market, positive seasonality around the time of the Chinese New Year and building FOMO are likely also supporting upside in the BTC market.
Bulls are targeting a near-term retest of yearly highs in the $49,000 area.
Ether (ETH) was last up just over 3% in 24 hours and above $2,500 as per Coinstats.
Solana (SOL), Cardano (ADA) and XRP (XRP) were up between 2-3%.
But smaller altcoins often experience much larger intra-day moves, offering traders/investors the prospect of faster gains.
Let’s take a look at Friday’s best performers and assess whether they might be the best crypto to buy today.
See Also: Three Cryptocurrencies To Avoid Trading Next Week
Bonk (BONK)
Solana’s largest and most popular meme coin Bonk (BONK) has suddenly pumped up 20% on Friday.
BONK was last around $0.0000127 and probing for a breakout above its late-January highs.
A break above the 50DMA at $0.000013 could open the door to a swift move back to yearly highs around $0.000018.
With a market cap of around $800 million, BONK remains a strong meme coin candidate to deliver 10x or more gains this bull market.
As a result, BONK could well be the best crypto to buy today.
Beam (BEAM)
Decentralized gaming network Beam (BEAM) is up over 15% in the past 24 hours, as per Coinstats.
That pump has seen the token reclaim a market cap of more than $1 billion dollars.
BEAM was last around $0.0215, with bulls eyeing a retest of yearly highs in the $0.023s.
A break above here could open the door to a retest of record highs near $0.028.
The prospect of near-term 30% gains could make BEAM the best crypto to buy today.
Sui (SUI)
High-performance proof-of-stake layer-1 blockchain Sui ($SUI) that launched back in May 2023 hit fresh all-time highs on Tuesday.
SUI just hit $1.76 for the first time since its launch last year after pumping 15% today.
That means it is now up nearly 400% up versus last October’s lows around $0.36.
With a still modest fully diluted market cap of around $17 billion, Sui could yet see 5x gains.
That could make it the best crypto to buy today.
Disclaimer: The information provided is not trading nor financial advice. Bitcoinworld.co.in holds no liability for any trading or investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any trading or investment decisions.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.