Best Crypto to Buy Today March 18 – Jupiter, Fantom, XRP
Following a quiet start to the week for Bitcoin (BTC) and Ether (ETH), both of which are rangebound in the $68,000 and $3,500/600 areas amid tentative trade ahead of this week’s FOMC meeting, crypto investors looking for the best crypto to buy today are eyeing up movers and shakers in the altcoin market.
The Fed is expected to leave interest rates unchanged. Traders will be rhetoric relating to potential rate cuts later this year.
Hotter-than-expected inflation and an economy that is also beating expectations has seen markets pull back on rate cut bets recently.
That has come as a minor headwind to major cryptos like Bitcoin. Indeed, macro headwinds may have triggered the profit-taking that has driven the price 7.5% down versus last week’s highs.
But many names in the altcoin space have been immune to profit-taking.
Here are some of the best-performing coins on Monday that could be the best crypto to buy today.
Jupiter (JUP), Solana’s biggest decentralized exchange, is pumping on Monday, having rallied 12% in 24 hours as per CoinMarketCap.
The token just hit fresh record highs above $1.5, giving it a market cap of over $2.0 billion. It’s fully diluted market cap was last around $14 billion.
That’s about $2 billion higher than Uniswap’s fully diluted market cap, the most well-established of the DEXs.
For reference, Uniswap’s circulating market cap was last around $7.1 billion. The cryptocurrency hit a market cap $22.6 billion in 2021, so Uniswap could easily 3x from here.
Jupiter, as the Solana ecosystem leader, could see even larger gains. Especially in wake of the recent surge in Solana meme coin trading activity.
That’s why it ranks as potentially the best crypto to buy today.
Previously seen as a major competitor to Ethereum and
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