Best Crypto to Buy Today February 23 – Uniswap, Flare, Siacoin
As the pump in AI stocks like Nvidia on Wall Street eases, major cryptocurrencies are mostly trading in the red on Friday, encouraging risk-tolerant investors to scour the altcoin market for lesser well-known coins that could be the best crypto to buy today.
Bitcoin (BTC) and Ether (ETH) were both last down around 1% in the past 24 hours, as per CoinMarketCap.
That said, both remain close to recent highs near $53,000 and above $3,000 respectively and remain in recent ranges.
Traders continue to monitor themes such as Fed rate cuts, the upcoming halving, and an upcoming Ethereum blockchain upgrade.
As the 2024 rally in mega cap cryptos takes a breather, traders are turning their attention to smaller altcoins.
Here are some altcoins with strong bullish momentum that could be the best crypto to buy today.
Best Crypto to Buy Today
Uniswap (UNI)
Uniswap (UNI) saw a sudden 45% pump on Friday as the protocol’s DAO introduced a proposal to reward token holders.
Uniswap proposal to create a fee mechanism that rewards UNI token holders that have delegated and staked their tokens goes live.$UNI up 45% since this was posted. Might be the catalyst that lead DeFi applications to be re-rated across the board.https://t.co/PlRwafMDjk
— Arthur (@Arthur_0x) February 23, 2024
If passed, Uniswap will start distributing protocol fees to UNI holders who stake and delegate their tokens.
The proposal’s aim is to “strengthen and invigorate” Uniswap’s governance.
Assuming the proposal passes, UNI could soon become one of DeFi’s best passive income tokens.
While investors may have missed the latest pump, UNI could easily still be the best crypto to buy today.
Flare (FLR)
Data-focused layer-1 blockchain Flare (FLR) was last still up over 15% on Wednesday, making it one of the best crypto to buy now.
FLR was last just under $0.040 and eyeing a test key resistance in the $0.044-48 area.
The prospect of potential quick gains makes FLR one of the best crypto to buy today.
Siacoin (SC)
Decentralized cloud storage network Sia’s native token Siacoin pumped 16% in the last 24 hours, as per CoinMarketCap.
Indeed, SC just hit its highest level since late 2021, above $0.020.
Up over 800% from its 2023 lows, SC is eyeing a more than 200% push toward its 2021 record highs above $0.06 per coin.
With a market cap of only around $1.1 billion, 3x 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 chance to make 10x gains.
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.
This is where investors buy the tokens of startup crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a unique crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023:
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.
