As major crypto consolidate close to two-week highs, with Bitcoin (BTC) holding just above $70,000 and Ether (ETH) near $3,600, traders hunting for the best crypto to buy today are scouring movers and shakers in the altcoin market.
Crypto sentiment got a boost on Monday amid macro tailwinds and news that the London Stock Exchange plans to list Bitcoin and Ether ETNs.
Spot Bitcoin ETFs also saw net inflows for the first time in 5 days. That’s despite GBTC bleeding another $350 million in funds.
As traders weigh the prospect of an imminent, synchronized global central bank easing cycle, ETF flows and the upcoming Bitcoin halving, price risks likely remain tilted to the upside for major cryptos.
Bitcoin stands a good chance of hitting $100,000 this year. The prospect of 40% further gains makes it a strong candidate for best crypto to buy today.
But many traders with a higher risk tolerance will be hoping for much larger short-term gains.
The only place to find assets that stand a chance of posting 5x or more gains is the altcoin market.
Here are some top performers on Tuesday that could be the best crypto to buy today.
Up nearly 14% in 24 hours, Internet Computer (ICP) is one of the best-performing cryptos on Tuesday.
Last at $19.50, ICP recently broke convincingly to the north of a prior $10-16 multi-week range.
ICP is now up over 80% since its lows around $10.50 from five days ago. But ICP is still down over 94% down from its record peaks from 2021 around $350.
Its modest market cap of currently just over $10 billion suggests there is plenty of room for growth.
ICP may not hit its 2021 highs soon, but 10x gains are certainly in the cards. That means it could easily be the best crypto to buy today.
Much hyped layer-1 blockchain
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