Best Crypto to Buy Today February 26 – Flare, Theta Network, NEAR Protocol
While major cryptocurrencies are largely trading in the green on Monday, Bitcoin (BTC) remains stuck within recent ranges, and so investors hunting for the best crypto to buy today continue to scour altcoin markets for better trading opportunities.
Bitcoin recently pushed up towards $53,000, up around 5% from recent range lows under $51,000.
But it the bulls won’t officially have regained control until BTC is able to break above $53,000 resistance.
Traders will be monitoring buy pressure in the spot market from ETF inflows, which slowed last week as per CoinShares.
Ether (ETH), meanwhile, continues to benefit from optimism that it could be next to receive US spot ETF approval.
ETH was last trading just above $3,100, 2% higher in the past 24 hours, as per CoinMarketCap.
Traders will be eyeing the release of US Core PCE inflation data on Thursday as this week’s main macro event.
The inflation figures could impact expectations for Fed rate cuts later in the year, and also crypto prices.
Broadly speaking, as long as the narrative that Fed rate cuts are coming later in the year remains unscathed, macro events this week don’t pose too much risk to crypto prices, beyond perhaps having the potential to act as a catalyst for a short-term price dip that would probably be aggressively bought into.
With the Bitcoin halving around the corner and Ethereum’s Dencun upgrade imminent, the BTC and ETH outlooks remain strong.
But traders could secure faster gains by divesting into strong performing lesser-known altcoin names.
Here are some altcoins with strong bullish momentum that could be the best crypto to buy today.
Data-focused layer-1 blockchain Flare (FLR) has featured on CryptoNews’s Best crypto to buy today list a few times recently.
And for
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