Best Crypto to Buy Today February 13 – AKT, GNO, STX
With major cryptocurrencies experiencing a price dip on Tuesday in wake of hotter-than-expected US CPI data that has seen markets pull back on Fed rate cut bets, investors looking for the best crypto to buy today are scouring the smaller altcoin market for outperformers.
Bitcoin (BTC) was last trading back in the $48,700s.
That’s down upwards of 3% from the two-year highs it hit earlier in the session near $50,400.
Ether (ETH), meanwhile, was last down close to 2% on the day but holding above $2,600.
Major altcoins like Solana (SOL), XRP (XRP), Cardano (ADA), Avalanche (AVAX) and Dogecoin (DOGE) were flat to down 4% over the past 24 hours, as per CoinMarketCap.
Many expect major cryptocurrencies like Bitcoin to remain short-lived.
That’s because net inflows into spot Bitcoin ETF products remain strong.
Indeed, inflows surpassed $400 million for a third consecutive day on Monday, as per Farside data.
While Bitcoin’s latest price dip could soon reverse, smaller altcoins may offer better near-term upside prospects.
Their comparatively lower market capitalization leaves greater scope for valuation growth than already well-established coins.
Moreover, their lower levels of liquidity mean that smaller buy orders can trigger larger upside price moves.
With that being said, let’s take a look at some of the candidates for best crypto to buy today.
Decentralized computing resource network Akash Network’s AKT token is up an impressive 7.5% in the past 24 hours.
That’s according to CoinMarketCap, who put the AKT price last at $3.45 with a market cap of nearly $800 million.
AKT’s latest rally has seen the crypto hit new more than two-year highs.
The cryptocurrency is eyeing a potential near-term 80% pump back to record highs above $6.0.
That could
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