Best Crypto to Buy Today February 21 – Siacoin, BNB, Fetch.ai
With major cryptocurrencies experiencing a pullback after recent gains, investors seeking the best crypto to buy today are exploring the altcoin market for potential high-growth opportunities.
Bitcoin (BTC), trading around $51,000, and Ether (ETH), near $2,900, have both seen recent price declines after hitting significant highs. This profit-taking is a natural market reaction following the optimism surrounding recent ETF approvals. Despite this temporary slowdown, BTC has surged 22% in the past 30 days, with ETH posting a strong 17.5% gain, as per data from CoinMarketCap.
As the major cryptos consolidate, savvy investors are shifting their focus to smaller altcoins with strong bullish momentum. Here are a few promising options that might be considered the best crypto to buy today.
Best Crypto to Buy Today
Siacoin (SC)
Decentralized cloud storage network Sia’s native token Siacoin pumped 11% in the last 24 hours, as per CoinMarketCap.
Indeed, SC just hit its highest level since early 2022, above $0.017.
Up over 600% 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 $900 million, 3-4x gains are certainly within the realm of possibility.
Hence, Siacoin could easily rank among the best crypto to buy today.
BNB (BNB)
Crypto’s fourth largest coin by market capitalization BNB (BNB) just pushed to its highest levels since November 2022 above $370.
Up over 5% in 24 hours as per CoinMarketCap, it is one of Wednesday’s best performers.
Concerns about Binance’s legal issues in the US have held the BNB price down in recent quarters.
Indeed, where BTC is up over 3x versus its 2022 bear market lows, BNB is only up around 2x.
But the blockchain remains strong, suggesting it could represent a good value play.
That means BNB could be the best crypto to buy today.
Fetch.ai (FET)
The decentralized machine learning platform Fetch.ai (FET) has been pumping in recent days.
It was last up around 5% in the past 24 hours around $0.975, as per CoinMarketCap.
FET is closing in on a retest of its 2021 record highs in the $1.20 area, which could mean quick gains in the region of 20%.
But FET has a modest market cap of only around $800 million and a promising AI use case.
That suggests it could go a lot higher, perhaps posting gains in the region of 4-5x.
That makes Fetch.ai one of the best cryptos to buy today.
Alternative to Consider
The above-noted coins offer the prospect of decent 3-5x gains.
But traders with an even higher tolerance for risk ought to consider an alternative investment strategy with a higher potential pay-off — investing in crypto presales.
Crypto presales are where web3 start-ups raise funds for platform development via the discounted sale of their native crypto tokens.
Presale investing carries risks akin to investing in start-ups, so investors should always do their due diligence.
With so many presales vying for investment funds, it’s difficult to keep track of the best opportunities.
Here are some of the top projects, as per analysts at Cryptonews:
13 Best Crypto Presale Projects for 2024
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.
