Today, let’s examine the top-performing cryptocurrencies and consider if they’re good options for buying. These include BONK, BEAM, and SUI.
Cryptos Headlines team is excited to share updates on the top Cryptos in the market with you. This information could be incredibly valuable for you, so be sure to give it a read as it may benefit you in the future.
Bitcoin Leads Market Rally, Investors Eyeing Smaller Altcoins
As Bitcoin (BTC) climbs towards $48,000, it spearheads a widespread crypto market surge, prompting risk-tolerant investors to explore smaller-cap altcoin markets in search of promising investment opportunities.
Bitcoin has surged by 6% in the past 24 hours, fueled by significant inflows into newly launched spot Bitcoin ETFs on Thursday. Additionally, factors like continued upside in the US stock market, positive seasonality related to the Chinese New Year, and growing FOMO contribute to the upward momentum in the BTC market. Bulls are aiming for a near-term retest of yearly highs around the $49,000 mark.
Ether (ETH) has seen a modest increase of just over 3% in the past 24 hours, surpassing the $2,500 mark. Meanwhile, Solana (SOL), Cardano (ADA), and XRP (XRP) have recorded gains ranging from 2-3%.
Despite the gains in major cryptocurrencies, smaller altcoins often exhibit more significant intra-day movements, presenting traders and investors with the potential for quicker profits.
Top Cryptos to Consider Today
Bonk (BONK)
Solana’s leading meme coin, Bonk (BONK), experienced a sudden 20% surge on Friday, with its price hovering around $0.0000127. It’s currently seeking to break above its late-January highs, and a breakout above the 50-day Moving Average (DMA) at $0.000013 could pave the way for a swift move back to yearly highs around $0.000018. With a market cap of approximately $800 million, BONK remains a promising candidate for significant gains, potentially offering returns of 10x or more this bull market. Consequently, BONK could be considered one of the best cryptocurrencies to buy today.
Beam (BEAM)
Beam (BEAM), a decentralized gaming network, has surged over 15% in the past 24 hours, reclaiming a market cap of more than $1 billion. Currently priced around $0.0215, BEAM bulls are aiming for a retest of yearly highs in the $0.023s. A breakthrough here could lead to a retest of record highs near $0.028, offering the potential for near-term gains of 30%. Given this prospect, BEAM emerges as a strong contender for the best crypto to buy today.
Sui (SUI)
Sui ($SUI), a high-performance proof-of-stake layer-1 blockchain launched in May 2023, recently hit fresh all-time highs, reaching $1.76 for the first time since its inception. With a 15% pump today, SUI has surged nearly 400% compared to last October’s lows around $0.36. Despite its still modest fully diluted market cap of around $17 billion, Sui could potentially see gains of 5x, positioning it as a top choice for investors seeking significant returns. Hence, SUI might be considered the best crypto to buy today.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News
