The Best Altcoins to Buy Today: Uncovering Hidden Gems in the Crypto Market

As BTC continues to rise, traders seeking the top cryptocurrency to purchase today are exploring lower-cap altcoin markets for potential opportunities.

The best cryptocurrencies to buy today, February 15, are VET, BGB, and LUNC.

By Joel Frank, Last updated: February 15, 2024 14:12 EST 📆

As the rally in major cryptocurrencies like Bitcoin and Ether extends to Thursday, traders hunting for the best crypto to buy today continue to scour smaller-cap altcoin markets for opportunities.

BTC pumped towards $53,000 on Thursday on continued optimism surrounding strong spot ETF flows.

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ETH also appears to be benefitting from ETF optimism, ahead of expected approval of spot Ether ETFs later this year.

ETH/USD rallied above $2,800 for the first time since May 2022 on Thursday.

Also aiding the rally in major cryptos is a recovery in US stocks back towards record highs.

Softer-than-expected US retail sales data for January released on Thursday eased concerns about the Fed delaying rate cuts. 📉

This appears to have support risk appetite in the stock and crypto market. 📈

While bullish momentum in the blue-chip crypto market looks set to remain strong, smaller altcoins of less well-known/established projects could potentially deliver even better gains to investors. 💰

The smaller-cap cryptocurrencies of newer protocols/projects are much riskier than BTC and ETH.

But they could potentially offer a much better prospect of 10x gains.

VeChain (VET)

Up close to 32% in 24 hours, VeChain (VET) could be the best crypto to buy today.

VET just spiked to its highest levels since May 2022 and nearly hit $0.050 after breaking through resistance at $0.040.

VET is still more than 80% lower versus its early 2021 highs in the $0.27 area.

That means it could still have plenty of upside room left to run.

VeChain is a layer-1 blockchain that aims to streamline supply chain management.

Bitget Token (BGB)

Centralized cryptocurrency exchange Bitget’s native token Bitget Token (BGB) just pumped to record highs.

Last at $0.85, BGB is up over 17% in 24 hours and is up 550% versus last summer’s lows.

With a still modest market cap of $1.2 billion, BGB potentially has a lot more room to rally.

That’s assuming crypto exchange Bitget continues to attract strong user demand.

As a result, BGB could be the best crypto to buy today.

Terra Luna Classic (LUNC)

The native token of the original Terra blockchain that collapsed back in May 2022, Terra Luna Classic is pumping.

As per CoinMarketCap, it was last up around 15% in 24 hours above $0.00013.

While the LUNC token lost all utility following the multi-billion-dollar collapse of the Terra ecosystem back in May 2022, it has become something of a meme coin that can see big short-term moves driven by speculation.

Its market cap was last just under $800 million.

Those looking for a shitcoin that could see speculation-driven near-term gains, LUNC could be the best crypto to buy today.

Altcoin Alternatives to Consider

The above-noted altcoins could all be the best crypto to buy today, given the potential for near-term appreciation.

But high-risk tolerance investors looking for big gains should also consider getting involved in crypto presales.

A presale is where an up-and-coming project sells its native crypto token at a discount to early investors, prior to the token having launched on publicly traded markets.

Presales are of course also very risky.

Just as with any start-up, unforeseen circumstances can pop up at any moment that might prevent a project from delivering on its vision.

But so long as a project has a great team and great use case, the risk/reward of presales can be very good.

Analysts here at Blocking.net pay close attention to the presale market.

See the 14 Cryptocurrencies

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Q&A: More Insight into the Crypto Market

Q: Are altcoins riskier investments than Bitcoin and Ether?

A: Yes, altcoins are generally considered riskier investments compared to Bitcoin (BTC) and Ether (ETH). While BTC and ETH have a proven track record and widespread adoption, altcoins are often associated with newer protocols/projects that may carry higher risk due to their limited track record and lower market liquidity.

Q: How can I identify potential altcoin investments?

A: When looking for potential altcoin investments, it’s important to conduct thorough research. Consider factors such as the team behind the project, the project’s use case, market demand, and the potential for adoption. Pay attention to market trends, news, and developments within the crypto industry to identify opportunities.

Q: Is it worth participating in crypto presales?

A: Crypto presales can offer investors the opportunity to purchase tokens at a discounted price before they are publicly traded. However, presales come with inherent risks, as the success of the project is not guaranteed. It’s crucial to thoroughly evaluate the project, its team, and the underlying technology before participating in a presale.

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With the crypto market continuing to evolve, it’s important to stay updated and explore opportunities beyond the well-known cryptocurrencies. These lesser-known altcoins, such as VeChain (VET), Bitget Token (BGB), and Terra Luna Classic (LUNC), have shown potential for significant gains. However, investing in altcoins requires thorough research and careful consideration of risk.

Remember, the crypto market is highly volatile, and investing always comes with risks. Consult with a financial advisor before making any investment decisions.

Now, go forth and uncover the hidden gems in the crypto market! Don’t forget to share your findings and engage with the crypto community to broaden your knowledge and insights. Together, let’s navigate the exciting world of cryptocurrencies!

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📚 References:

1. BTC Blasts Past $47K as Bitcoin ETF Excitement Gets Feverish
2. Chair of Digital Assets Subcommittee Hopes to See Crypto Bills Coming to Fruition in 2024
3. Crypto X: Cheers to Bitcoin ETFs, But Guess Who Hasn’t Posted in 24 Hours?
4. Softer-than-expected US Retail Sales Data for January
5. CoinMarketCap

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Disclaimer: The information provided in this article is for educational and informational purposes only. Please do your own research and consider seeking professional advice before making any investment decisions.

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