Best Crypto to Buy Today February 12 – BEAM, IMX, ORDI
Bitcoin may be stealing the headlines after crossing above $50,000 for the first time since late 2021 on Monday, but for investors looking to turn a quick profit, smaller altcoin rivals might be the best crypto to buy today.
Amid optimism about spot Bitcoin ETF inflows, the Bitcoin price was last trading just under $50,000, up 3.5% on Monday.
As per CoinShares, spot Bitcoin ETFs saw $1.1 billion in net inflows last week.
Meanwhile, AUM held by the newly launched nine spot Bitcoin ETFs (excluding Grayscale’s converted GBTC) exceeded $10 billion last week.
Ether (ETH), meanwhile, was last up just over 4% on Monday and back above $2,600.
Fellow top 10 coins Solana (SOL), Cardano (ADA), Avalanche (AVAX) and Chainlink (LINK), meanwhile, were trading with gains between 1-3% over the past 24 hours, as per CoinMarketCap.
The release of US CPI data on Tuesday could trigger crypto market volatility.
That depends on how it impacts Fed rate cut expectations.
While the pump in blue-chip cryptocurrencies could continue in the coming sessions, smaller altcoins could experience larger comparative gains.
Smaller market capitalizations and lower levels of liquidity make it easier for increased buy pressure to raise a crypto’s price.
Here are some of the best crypto to buy today.
Decentralized gaming network Beam (BEAM) is up over 13% in the past 24 hours, as per CoinMarketCap.
That pump has seen the token claim a market cap of nearly $1.5 billion.
BEAM was last at record highs near $0.030.
Its recent break above December 2023 highs around $0.027 has opened the door a surge higher.
BEAM could easily hit a market cap of $5 billion or more.
The prospect of 3-4x gains could make BEAM the best crypto to buy today.
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