Top Cryptocurrencies to Consider Purchasing on March 12 – Toncoin, NEAR Protocol, Injective

Cryptocurrencies like TON, NEAR, INJ compete for best crypto to buy today Image by cryptonews.com

After a volatile day in major cryptocurrency markets on March 12, where Bitcoin (BTC) reached new all-time highs (ATHs) exceeding $73,000 before falling to the $68,000 range, investors are searching for the top crypto to purchase today for short-term profits.

Bitcoin continues to be a strong contender for the best crypto to buy today and is a crucial component of any cryptocurrency investor’s portfolio.

Profit-taking and long-liquidations caused BTC to decline sharply after new ATHs were established above $73,000.

However, Bitcoin has since made a robust recovery back into the mid-$71,000s and is currently up 12.5% over the past week, according to CoinMarketCap.

In fact, Bitcoin has surged an impressive 47% in the last 30 days, driven by significant ETF demand.

Bulls are firmly in control, and there is a possibility that the cryptocurrency could soon challenge the $100,000 mark.

This is partly due to the excitement surrounding the upcoming halving in April, which will reduce BTC’s inflation rate.

The potential for rapid 40% gains from this point makes Bitcoin a strong candidate among the best crypto to buy today.

Nevertheless, some investors may be aiming for much larger short-term returns, possibly in the 5-10x range.

They are likely exploring altcoin markets for smaller-cap, lesser-known cryptocurrencies that hold significant potential.

Here are some of Tuesday’s top-performing assets that could be the best crypto to buy today.

Best Crypto to Buy Today

Toncoin (TON)

After reaching new all-time highs on Tuesday, the Telegram-associated cryptocurrency Toncoin (TON) is experiencing significant upward momentum.

According to CoinMarketCap, TON was last reported to be up approximately 25% in 24 hours, with its market capitalization nearing $15 billion.

Its connection to the globally recognized private messaging platform Telegram positions Toncoin as a potential frontrunner in the 2024 bull market.

Its market cap could increase substantially from this point, with investors possibly looking at 3-5x returns.

This is why it may be considered the best crypto to buy today.

NEAR Protocol (NEAR)

The native token of Ethereum competitor NEAR Protocol, NEAR, has risen nearly 24% in the past 24 hours on Tuesday.

Currently priced just above $8.0, the cryptocurrency is targeting a swift 2.5x increase back to its previous high near $22.

With a market cap of just under $9 billion and a fully diluted market cap still below $10 billion, NEAR has the potential to easily achieve 3-5x growth from here.

This is why it is also seen as a strong candidate for the best crypto to buy today.

Injective (INJ)

The decentralized trading protocol Injective (INJ) has recently reached new record highs above $51 per token.

This marks an increase of more than 50x compared to the lows of just above $1.0 per token in 2022.

Having risen nearly 20% in the last 24 hours, INJ’s market cap has bounced back to around $4.7 billion.

This leaves ample opportunity for further growth for the cryptocurrency, with 5-10x returns possible.

Crypto Alternatives to Consider

All of the aforementioned coins present potential investors with an excellent opportunity for 10x gains.

However, for those seeking a higher likelihood of near-term profits, an alternative high-risk, high-reward strategy to consider is participating in crypto presales.

This involves investors purchasing tokens from emerging crypto projects to assist in their development.

These tokens are typically sold at low prices, and there is a well-documented history of presales yielding substantial exponential gains for early investors.

Many of these projects are backed by strong teams and possess a compelling vision for creating innovative crypto applications/platforms.

If an investor can identify such initiatives, the risk/reward ratio of their presale investment is quite favorable.

The team at Cryptonews dedicates considerable time to reviewing presale projects to assist investors.

Here is a list of 14 cryptocurrencies that the project considers to be the best presales of 2023.

See the 14 Cryptocurrencies

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