After a push higher in the prices of major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) during the Asia session, markets are going sideways on Wednesday, with traders turning to altcoin names as they hunt for the best crypto to buy today.
Bitcoin was last trading near $66,000, as traders eye a retest of the all-time highs hit on Monday above $69,000.
Price risks remain tilted to the upside as inflows into spot Bitcoin ETFs remain strong.
BlackRock’s IBIT hoovered up another 12,600 BTC tokens on Tuesday worth around $778 million.
Ether, meanwhile, recently touched $3,900 for the first time since January 2022.
With $3,600 resistance now convincingly broken, a swift push to all-time highs near $4,900 is on the cards.
While the outlook for BTC and ETH remains strong, investors are increasingly turning to smaller altcoins.
Here are some candidates with strong bullish momentum that could be the best crypto to buy today.
After succumbing to profit-taking on Monday and Tuesday, the Dogwifhat (WIF) bulls are back in control on Wednesday.
WIF was last up over 50% in 24 hours, as per CoinMarketCap.
Even more impressively, last trading just above $2, the token has doubled in price from Tuesday’s lows at $1.
With a market cap of still only around $2 billion (compared to over $23 billion for Dogecoin), WIF potentially has a lot of room left to run to the upside.
That’s why it is a candidate for best crypto to buy today.
AI-infused blockchain protocol Fetch.ai (FET) has pumped up another 20% in the past 24 hours, as per CoinMarketCap.
FET pushed above $2.0 per token for the first time on Wednesday, hitting new all-time highs in the process.
But it could go a lot higher.
FET’s market cap is currently only around $1.8 billion, with a fully
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