Bittime - Bitcoin (BTC) is currently stable above $66,000, up 2.5% in the last 24 hours. This increase was also followed by other major crypto assets, encouraging investors to look again at the altcoin market, looking for the best crypto assets to buy today.
While traditional market players are waiting for the release of US inflation data next Friday, stable global macro conditions provide fresh air for Bitcoin and altcoins to continue their positive momentum post-halving.
Crypto Market Direction Prediction
If macro factors do not turn out to be major headwinds in the near term, BTC is expected to recover to its recent highs soon. This means that the potential for a short-term price increase of 10% can be achieved by this leading crypto.
However, selling pressure from miners post Bitcoin halving may be higher than usual as they need to adjust to lower revenues. It is feared that this condition could prevent BTC from setting a new record high in the coming months.
In the long term, the combination of declining BTC inflation and continued demand for physical Bitcoin ETFs is a bullish signal.
Coupled with predictions that the Federal Reserve (The Fed) will likely start lowering interest rates before the end of 2024, further strengthens the potential for BTC to touch the $100,000 mark this year.
For new investors entering the world of crypto, Bitcoin is definitely the safest choice. This is not only because of its positive outlook, but also because Bitcoin is the oldest, most trusted, well-known, widely adopted and best understood cryptocurrency on the market.
However, investors aiming for fast exponential profits need to look for hidden gems among the smaller, lesser-known altcoins.
Check Today's Crypto Market:
3 Altcoins that Must Be in Your Portfolio for Big Profits
Here are some of the altcoins that were on the rise on Monday and have the potential to be the best crypto assets to buy right now:
1. PEPE (PEPE)
PEPE as a legendary memecoin is surging 15% in the last 24 hours. PEPE's technical outlook shows potential improvement if it manages to break through the bullish downtrend.
After skyrocketing nearly 70% from its previous monthly low, PEPE is predicted to quickly recover to its recent high near $0.000011. This means a potential quick gain of 60% for PEPE, making it a strong candidate as the best crypto asset to buy right now.
2. NEAR Protocol (NEAR)
NEAR, the native token of the NEAR protocol and competitor to Ethereum, is up around 14% in the last 24 hours. Currently priced at $7, NEAR is eyeing a quick 3x rally to return to record highs around $22.
With a market cap of only around $7.5 billion, a 3-5x price increase is not impossible. This is what makes NEAR also potentially the best crypto asset to buy right now.
3. Pendle (PENDLE)
Pendle (PENDLE) is a future protocol for tokenization and yield trading. The token has the potential to test its record highs again, PENDLE has skyrocketed nearly 15x from last summer's lows below $0.50. Its rise from the 2022 lows is even more impressive, at over 200x.
According to CoinMarketCap, PENDLE's 24-hour gain stands at around 13%, with a market cap approaching $1.6 billion. This figure leaves plenty of room for price increases of 10x or more as the asset tokenization narrative strengthens.
Moreover, with Pendle's collaboration with Ethena, another yield protocol that is on the rise, Pendle's total value locked (TVL) has the potential to soar even further. This makes PENDLE one of the leading cryptos to buy today.
Also Read How to Buy Crypto:
Alternative Crypto Investment Strategy: Take Advantage of Presales!
Investing in smaller, lesser-known altcoins is a great way to make quick crypto profits. However, investors looking to improve their risk profile should not ignore another highly profitable strategy: investing in Initial Coin Offerings (ICOs) of new cryptos.
Emerging web3 startups often seek to raise funds in the early stages by selling their native protocol tokens. These sales are almost always conducted at a steep discount to the project's true potential.
Conclusion
The crypto market offers a variety of exciting opportunities for investors, with crypto assets such as PEPE, NEAR and PENDLE showing significant growth potential.
However, it is important to remember that crypto investments always involve risks. Do your research carefully before investing, and only invest cold hard cash.
You can also consider alternative investment strategies such as ICO presales to increase your chances of making big profits. Remember to always be careful and wise in making investment decisions.
Check Crypto Prices Today:
How to Buy Bitcoin (BTC) on Bittime
You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
Big Expectations After Bitcoin Halving: Crypto Market Predictions During Q2, Can It Moonbag?
What is Tonkeeper: Integration with Transactions, Will TON Adoption Reach 115 Countries?
DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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