Best Crypto to Buy Today February 20 – Filecoin, Chiliz, Siacoin
While Bitcoin (BTC) and Ether (ETH) experienced some volatility on Tuesday after briefly reaching multi-year highs, investors seeking major returns are increasingly exploring the on-chain markets in hopes of finding the best crypto to buy today.
Bitcoin temporarily crossed the $53,000 threshold on Tuesday, with Ether momentarily reaching the $3,000 mark. Both subsequently experienced a pullback of around 3%, however. BTC is currently trading within the low $51,000 range, while ETH has returned to the $2,900 level.
With the current market outlook, alternative cryptocurrencies and meme coins are emerging as attractive options for investors seeking rapid gains.
Here are some smaller altcoins that are currently trading with stronger bullish momentum and could be some of the best cryptos to buy today.
Best Crypto to Buy Today
Filecoin (FIL)
Decentralized data storage protocol Filecoin (FIL) has been pumping recently.
FIL nearly hit $8 per coin on Tuesday, near its highest level for the year.
Trading just above $7.50, FIL is up over 9% in 24 hours, as per CoinMarketCap.
Filecoin is up 60% from its yearly lows and if it can break above $8.10 resistance, it could quickly rally another 25% to 2023 highs around $9.50.
The prospect of quick potential gains makes FIL amongst the best crypto to buy today.
Chiliz (CHZ)
Another altcoin with strong momentum is the sport and entertainment-focused blockchain Chiliz (CHZ).
Up 6% in 24 hours according to CoinMarketCap, CHZ recently hit fresh multi-month highs above $0.1260.
CHZ is up a stunning 125% from last October’s low.
But this could be nothing compared to potential further gains if CHZ can break a long-term downtrend.
If it can, a rally to 2022 highs in the $0.30s or to record highs near $1.0 is possible.
That’s why CHZ could be one of the best crypto to buy today.
Siacoin (SC)
Decentralized cloud storage network Sia’s native token Siacoin has pumped 6% in 24 hours, as per CoinMarketCap.
SC just hit its highest level since early 2022 above $0.015.
Up over 500% from its 2023 lows, SC is eyeing a further 300% push toward its 2021 record highs above $0.06 per coin.
With a market cap of only around $800 million, 4x gains are certainly within the realm of possibility.
Hence, Siacoin could easily rank among the best crypto to buy today.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great chance to make solid gains.
While the future is always uncertain in crypto, these names could be among the best crypto to buy today.
However, those looking for a better probability of near-term gains should consider an alternative high-risk, high-reward investment strategy—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.
