Best Crypto to Buy Today March 14 – DogWifHat, Bonk, Pepe
With crypto markets mixed on Thursday, as the likes of Bitcoin (BTC) and Ether (ETH) succumb to profit-taking in wake of hotter-than-expected US PPI inflation figures, but other major altcoins like Solana (SOL) and Dogecoin (DOGE) push higher, investors are assessing the market as they ponder the best crypto to buy today.
Bitcoin was last trading just under $71,000 and Ether under $3,900, weighed somewhat by a rising USD and US yields.
Both rose on Thursday as macro traders reduced bets on Fed rate cuts this summer following the latest inflation figures.
But at least some of the profit that investors pulled out of these coins appears to have been reallocated.
That could explain why Solana is up over 5% in the past 24 hours, as per CoinMarketCap.
And why the likes of Dogecoin and Polkadot are up a similar amount.
While major coins Bitcoin are overdue probably overdue a pullback at this point, investors should expect pullbacks to remain shallow.
Bitcoin ETF inflows have remained very strong in recent session. Institutional investors seem keen to continue hoovering coins up ahead of the April halving.
Bitcoin remains odds on to hit $100,000 in 2024, or even ahead of the halving.
The prospect of another 50% price jump in the coming months means Bitcoin definitely ranks amongst the best crypto to buy today.
But many investors will be hoping to bag much larger gains this bull market, of perhaps in the 5-10x region.
These investors will be scouring the market for smaller, lesser-known coins with a lot of upside potential.
Young meme coins with strong communities fit this bill perfectly.
Let’s take look at the top three that investors will be monitoring on Thursday.
Launched last November to rival Bonk, dogwifhat (WIF) is a new spin on the
