With major cryptocurrencies succumbing to profit-taking in the wake of strong gains in recent weeks, investors hunting for the best crypto to buy today are scouring altcoin markets for asymmetric investment opportunities.
Bitcoin (BTC) was last down just over 2.5% on Wednesday and trading just below $51,000.
Ether (ETH), meanwhile, was last trading with losses of around 3.5% near $2,900, having pulled back from above $3,000.
Profit-taking is overdue in the wake of impressive gains for major cryptos that have primarily been driven by optimism surrounding ETFs.
BTC is up 22% in 30 days, while ETH is up around 17.5% over the same time period as per CoinMarketCap.
While the rally in the major cryptos takes a breather, investors hunting quick gains are looking at smaller altcoins.
Here are some names with strong bullish momentum that could be the best crypto to buy today.
Decentralized cloud storage network Sia’s native token Siacoin has pumped 11% in 24 hours, as per CoinMarketCap.
Indeed, SC just hit its highest level since early 2022 above $0.017.
Up over 600% from its 2023 lows, SC is eyeing a further 300% push toward its 2021 record highs above $0.06 per coin.
With a market cap of only around $900 million, 3-4x gains are certainly within the realm of possibility.
Hence, Siacoin could easily rank among the best crypto to buy today.
Crypto’s fourth largest coin by market capitalization BNB (BNB) just pushed to its highest levels since November 2022 above $370.
Up over 5% in 24 hours as per CoinMarketCap, it is one of Wednesday’s best performers.
Concerns about Binance’s legal issues in the US has held the BNB price down in recent quarters.
Indeed, where BTC is up over 3x versus its 2022 bear market lows, BNB is only up around 2x.
But the
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