Best Crypto to Buy Today February 14 – DYM, SEI, STX
With Bitcoin (BTC) surging to its highest level in two years driven by strong inflows into spot Bitcoin ETFs, investors are now turning their sights toward the altcoin market in search of the best crypto to buy today that offers quicker returns.
On Wednesday, Bitcoin soared past the $52,000 mark for the first time in over two years, only to settle slightly lower in the mid-$51,000 range shortly after.
This uptick was sparked by news of BlackRock’s spot Bitcoin ETF launch, which impressively amassed more than 10,000 BTC tokens on its first day.
Crypto analyst Ryan Watkins described the spot Bitcoin ETF net inflows as “parabolic” in a recent tweet.
Bitcoin ETF net inflows are beginning to go parabolic.
Since Feb 8th, the ETFs have averaged >$500M in daily inflows with over $2 billion added over the past 4 days.
Dynastic players are making dynastic moves. pic.twitter.com/osMSRWqQc5
— Ryan Watkins (@RyanWatkins_) February 14, 2024
Meanwhile, leading altcoins such as Ether (ETH), Solana (SOL), and Cardano (ADA) have also shown impressive performance, each climbing by 5-7% in the last 24 hours.
Yet, it’s the smaller, albeit less established, names in the altcoin sector that are capturing attention with their outstanding gains.
Here’s a glimpse into some of the best crypto to buy today.
Best Crypto to Buy Now
Dymension (DYM)
Recently launched “RollApp”-focused layer-1 blockchain Dymension is enjoying tailwinds on Thursday.
Last at all-time highs in the $8.30s, DYM is up 16% in 24 hours and over 80% since its launch.
Dymension was launched last week in one of 2024’s most exciting airdrops, with users of multiple blockchains receiving tokens.
Its fully diluted market cap was last around $8.3 billion, leaving plenty of upside potential if the project should enjoy adoption in the coming years.
That means DYM could be the best crypto to buy this Wednesday.
Sei (SEI)
Finance-focused blockchain Sei ($SEI) pumped 16% on Wednesday, as per CoinMarketCap.
Indeed, SEI just hit fresh record highs in the $0.88s, a more than 50% bounce from yearly lows.
With a still relatively small market cap of $2.1 billion and a lot of potential for this technologically advanced new blockchain, Sei still offers a good possibility of 10x or more gains.
Hence, it could be one of the best cryptos to buy on Wednesday.
Stacks (STX)
Smart-contract-enabled Bitcoin layer-2 network Stacks (STX) hit fresh two-year highs above $2.48 on Wednesday.
As per CoinMarketCap, it was last up 13% in 24 hours, with a market cap of now just over $3.5 billion.
Stacks at $2.47! I absolutely love it $STX pic.twitter.com/xLQWKzZBfC
— The Anonymous Chesterfield ♟ (@theAnonCF) February 14, 2024
As the leading network seeking to bring the smart-contract capability to Bitcoin, Stacks has huge potential to go a lot higher.
It could eventually even become a viable Bitcoin-based competitor similar 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
All of the above coins offer potential investors a chance to make 10x gains.
While the future is always uncertain in crypto, these names could be among the best crypto to buy today.
But, for those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
Presales offer investors a routine to get involved in a project at its very early stages, and thus potentially make returns of as much as 100x.
If investors can identify projects with solid foundation, the risk/reward of their investment is very good.
Analysts at Cryptonews spend a lot of time examining new presale projects.
Here are 14 of the best presales of 2024, according to the team at Cryptonews:
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.
