Best Crypto to Buy Today March 15 – Jupiter, Conflux, Solana
On a day that crypto markets succumb to profit-taking, investors are hunting for the best crypto to buy in order to benefit from the recent market dip.
Bitcoin (BTC) was last trading in the $68,000s, down about 3.5% in the past 24 hours. Ether (ETH), meanwhile, was last down about 4.2% over the same period and trading near $3,700.
Both cryptos continue to trade with 30-day gains of over 30%, thanks mostly to huge spot Bitcoin ETF demand.
But the ETF buyers were strong enough to hold up the market on Friday. More traders started taking profit in the latter half of the week thanks to the macro backdrop turning into a headwind.
The DXY and US yields have pushed up this week as macro traders downsized bets on Fed rate cuts in wake of the latest CPI and PPI inflation figures.
Some think that $74,000 may have been the pre-halving peak for Bitcoin. That suggests it probably isn’t one of the best crypto to buy today.
But other altcoins have continued to pump. Here are some top performers that traders will be watching and could be the best crypto to buy today.
Jupiter (JUP), Solana’s biggest decentralized exchange, is pumping on Friday, having rallied 23.5% in 24 hours as per CoinMarketCap.
The token just hit fresh record highs above $1.2, giving it a market cap of $1.6 billion. It’s fully diluted market cap is $12.17 billion.
That’s about $1 billion lower than Uniswap’s fully diluted market cap, the most well-established of the DEXs.
For reference, Uniswap’s circulating market cap was last around $7.8 billion. The cryptocurrency hit a market cap $22.6 billion in 2021, so could easily 3x from here.
Jupiter, as the Solana ecosystem leader, could see even larger gains.
That’s why it ranks as potentially the best crypto to buy today.
Conflux
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