Even though Ether (ETH) and Bitcoin (BTC) saw some turbulence on Tuesday after momentarily hitting multi-year highs, investors looking for significant profits are increasingly scouring the on-chain markets in an effort to identify the greatest cryptocurrency to purchase right now.
On Tuesday, Ether briefly hit the $3,000 threshold and Bitcoin briefly surpassed the $53,000 barrier. After that, though, both had a decline of about 3%. As of right now, ETH is back around $2,900, while BTC is trading in the low $51,000 zone.
Memes and alternative cryptocurrencies are becoming more and more appealing to investors looking for quick returns given the state of the market.
These tiny cryptocurrencies may be among the greatest ones to purchase right now because they are now trading with more bullish momentum.
Top Cryptocurrency to Purchase Right Now
Filecoin (FIL)
Filecoin (FIL), a decentralized data storage technology, has been gaining popularity lately.
On Tuesday, FIL almost reached $8 per coin, which was close to its highest point of the year.
According to CoinMarketCap, FIL is up more than 9% in a day at slightly over $7.50.
Filecoin has recovered 60% from its annual lows, and if it can overcome the $8.10 barrier, it may surge an additional 25% to reach the highs of $9.50 in 2023.
One of the finest cryptocurrencies to purchase right now is FIL due to its potential for rapid increases.
Chiliz (CHZ)
Another cryptocurrency that is gaining traction is Chiliz (CHZ), a blockchain that focuses on sports and entertainment.
According to CoinMarketCap, CHZ recently reached new multi-month highs at $0.1260, up 6% in a single day.
CHZ has surged a remarkable 125% from its October low.
However, if CHZ can reverse a protracted downward trend, these gains might be insignificant in comparison to future possibilities.
A rally to record highs close to $1.0 or to 2022 highs in the $0.30s is conceivable, if it can.
CHZ might therefore be among the top cryptocurrencies available right now.
Siacoin (SC)
Per CoinMarketCap, the native token of the decentralized cloud storage network Sia, called Siacoin, has surged by 6% in just a single day.
Just now, SC surpassed $0.015 to reach its best level since early 2022.
SC is aiming for an additional 300% push into its record highs of 2021 above $0.06 per coin, having risen more than 500% from its 2023 lows.
Given its market capitalization of over $800 million, fourfold profits are definitely conceivable.
So, Siacoin is arguably one of the greatest cryptocurrencies available right now.
Alternatives to Cryptocurrency to Take Into Account
Potential buyers have a fantastic opportunity to profit handsomely from any of the aforementioned currencies.
Although the cryptocurrency market is continuously in flux, these names might be among of the greatest ones to purchase right now.
However, investing in cryptocurrency presales is an alternate high-risk, high-reward method that investors seeking a higher chance of short-term gains should think about.
Presales give investors a regular way to become engaged in a project very early on, potentially yielding 100x profits.
Investors can get excellent risk/reward on their investments if they can choose projects with strong foundations.
toward Cryptonews, analysts are always looking toward new presale ventures.
According to the Cryptonews crew, these are 14 of the greatest presales for 2024:
A word of caution: cryptocurrency is a risky asset class. This article is not financial advice; rather, it is provided for informational reasons only. Your entire investment could be lost.