Best Crypto to Buy Today February 13 – AKT, GNO, STX
In light of Tuesday’s downturn in major cryptocurrency values spurred by unexpectedly high US CPI data that tempered expectations for a Federal Reserve rate cut, investors are delving into the altcoin sector in search of the best cryptos to buy now.
Bitcoin, for instance, saw its price retract to the $48,700 range, marking a decline of over 3% from its two-year peak earlier in the day, which was close to $50,400.
Ethereum also experienced a slight setback, dropping nearly 2% but managing to stay above the $2,600 threshold.
Other major cryptocurrencies such as Solana, XRP, Cardano, Avalanche, and Dogecoin showed little to no movement, with some seeing a decrease of up to 4% in the last 24 hours, according to CoinMarketCap.
The dip in the market is viewed by many as a temporary blip, supported by the sustained influx of funds into spot Bitcoin ETF products, which continued to exceed $400 million for the third day running on Monday, based on data from Farside.
Despite the recent dip in Bitcoin’s price, the potential for a swift rebound exists. However, smaller altcoins could present more attractive short-term investment opportunities. Their relatively modest market capitalizations offer broader horizons for valuation increases compared to their more established counterparts.
Additionally, due to their lower liquidity levels, even minor purchase orders can lead to significant price increases.
With these considerations in mind, let’s explore some promising candidates for the best crypto investment opportunities today.
Best Crypto to Buy Today
Akash Network (AKT)
Decentralized computing resource network Akash Network’s AKT token is up an impressive 7.5% in the past 24 hours.
That’s according to CoinMarketCap, who put the AKT price last at $3.45 with a market cap of nearly $800 million.
AKT’s latest rally has seen the crypto hit new more than two-year highs.
The cryptocurrency is eyeing a potential near-term 80% pump back to record highs above $6.0.
That could make it one of the best crypto to buy today.
Gnosis (GNO)
Ethereum-based decentralized prediction market Gnosis’s GNO token is pumping on Tuesday, hitting new all-time highs above $290.
As per CoinMarketCap, it was last just under $280 and up 6.6% in the last 24 hours.
GNO, whose market cap was last around $720 million, is up 3x versus November’s lows.
Its low market cap and strong use case suggest a good prospect of potential 10x gains.
GNO could thus be the best crypto to buy today.
Stacks (STX)
Smart-contract-enabled Bitcoin layer-2 network Stacks (STX) hit fresh two-year highs above $2.10 on Tuesday.
As per CoinMarketCap, it was last up 6% in 24 hours, with a market cap of just over $3 billion.
As the leading network seeking to bring smart-contract capability to Bitcoin, Stacks has huge potential to go a lot higher.
It could eventually even become a viable Bitcoin-based competitor to the likes of Ethereum.
That suggests that a $3 billion market is very modest and Stacks offers a good prospect of 10x gains.
Crypto Alternatives to Consider
Investing in low-cap coins might seem like a shortcut to substantial rewards, yet it’s essential to remember the high stakes involved. For those with an appetite for risk and a good eye for opportunity, diving into crypto presales presents an intriguing alternative. This avenue allows investors to purchase tokens from crypto startups, contributing to their initial funding.
Such tokens are typically offered at lower prices, setting the stage for potentially great returns for those who get in early. Behind many of these ventures stand dedicated teams, driven by the ambition to develop novel crypto applications or platforms.
For investors adept at spotting these promising projects early, the balance between risk and reward can be exceptionally favorable. The experts at Cryptonews dedicate countless hours to sifting through these presale projects, looking to guide investors toward the most promising opportunities.
Below, you’ll find a curated selection of what are considered the best crypto presales of 2023, according to the team’s thorough research:
See the 15 Cryptocurrencies in Presale
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
