Best Crypto to Buy Today February 23 – Uniswap, Flare, Siacoin
As the pump in AI stocks like Nvidia on Wall Street eases, major cryptocurrencies are mostly trading in the red on Friday, encouraging risk-tolerant investors to scour the altcoin market for lesser well-known coins that could be the best crypto to buy today.
Bitcoin (BTC) and Ether (ETH) were both last down around 1% in the past 24 hours, as per CoinMarketCap.
That said, both remain close to recent highs near $53,000 and above $3,000 respectively and remain in recent ranges.
Traders continue to monitor themes such as Fed rate cuts, the upcoming halving, and an upcoming Ethereum blockchain upgrade.
As the 2024 rally in mega cap cryptos takes a breather, traders are turning their attention to smaller altcoins.
Here are some altcoins with strong bullish momentum that could be the best crypto to buy today.
Uniswap (UNI) saw a sudden 45% pump on Friday as the protocol’s DAO introduced a proposal to reward token holders.
Uniswap proposal to create a fee mechanism that rewards UNI token holders that have delegated and staked their tokens goes live.$UNI up 45% since this was posted. Might be the catalyst that lead DeFi applications to be re-rated across the board.https://t.co/PlRwafMDjk
— Arthur (@Arthur_0x) February 23, 2024
If passed, Uniswap will start distributing protocol fees to UNI holders who stake and delegate their tokens.
The proposal’s aim is to “strengthen and invigorate” Uniswap’s governance.
Assuming the proposal passes, UNI could soon become one of DeFi’s best passive income tokens.
While investors may have missed the latest pump, UNI could easily still be the best crypto to buy today.
Data-focused layer-1 blockchain Flare (FLR) was last still up over 15% on Wednesday, making it one of the best crypto to buy now.
FLR was last
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