Top Crypto Picks for Today – Ordinals, Pendle, and Hedera
As the crypto market recovers from a softer-than-expected US labor market report, traders are on the lookout for the best crypto to buy today. Bitcoin (BTC) is up almost 5% to reach the upper $61,000 range. Altcoins such as Solana (SOL), Dogecoin (DOGE), and Toncoin (TON) have also seen gains between 4% and 11% in the past 24 hours. Here are three smaller altcoins that are showing bullish momentum and could be the best crypto to buy today.
ORDI (ORDI) – The Ordinals protocol (ORDI) token has seen a surge as Bitcoin approaches $60,000. Built on the Bitcoin blockchain, the Ordinals protocol allows for the creation of NFTs and other assets. ORDI has gained 16% in the past day and is currently priced at $41.30. If it can break through its 21-day moving average at $43.50, ORDI could see significant gains and be one of the best crypto investments for today.
Pendle (PENDLE) – Pendle is a future yield tokenization and trading protocol that has experienced a significant pump in price. PENDLE is currently priced at $5.13, up over 25% from its recent lows. With a 13% gain in the past 24 hours and a market cap of around $1.2 billion, PENDLE shows potential for further recovery. As the asset tokenization narrative gains traction, PENDLE could be one of the top crypto investments for today.
Hedera (HBAR) – HBAR, the token powering the decentralized Hedera public ledger, has seen a rally in price. With a 13% gain in the past 24 hours, HBAR is currently trading around $0.11. While initial optimism about BlackRock’s involvement with Hedera has faded, the fact that Hedera will still be the home of a BlackRock tokenized fund indicates real-world adoption. HBAR could be a strong crypto investment for today.
Alternative Investment Strategy to Consider – Presales
Investors looking for quick crypto profits should also consider investing in presales of new crypto ICOs. These presales often offer tokens at a discounted price, giving investors the potential for significant gains if the project succeeds. However, investing in new crypto ICOs carries risks similar to traditional start-up investing and relies on competent management and execution. For a curated list of 18 favorite projects, check out Cryptonews’ recommendations.
Disclaimer: Crypto investments are high-risk. This article is for informational purposes only and does not constitute investment advice. Invest at your own risk.