Best Crypto to Buy Today March 8 – FLOKI, Pepe, dogwifhat

cryptonews.com:

As Bitcoin (BTC) consolidates in the $68,000s as trading volumes drop off ahead of the weekend, meme coins are stealing the limelight as the bulls regain control, with traders hunting for the best crypto to buy today flocking to major names in the hope of making quick gains.

Bitcoin briefly surpassed $70,000 for the first time on Friday. Ether (ETH) momentarily hit $4,000 for the first time since December 2021.

The major cryptos were boosted by strong continued inflows into spot Bitcoin ETFs, and by macro tailwinds.

Fed Chair Powell’s comments earlier this week that the Fed is close to becoming confident enough on inflation to start cutting interest rates have weighed on the US dollar and US yields this week as traders upped bets on rate cuts starting in June.

Those bets were further supported by US data on Friday which showed the US unemployment rate rising unexpectedly to 3.9%.

But Bitcoin and Ether have both since pulled back from earlier session highs.

Traders have seemingly been opting to take profit on these coins in order to scale into riskier altcoins.

And meme coins appear to be at their top of their crypto shopping carts.

Here are some of the top performers on Friday that could be the best crypto to buy now.

FLOKI (FLOKI), the Shiba Inu meme coin that was created in honour of Elon Musk’s pet Shiba Inu dog, is leading the market on Friday.

As per CoinMarketCap, it’s the top-performing cryptocurrency in the top 100 by market cap, up 67% in 24 hours.

Its market cap is now back above $2.0 billion.

But with Dogecoin and Shiba Inu both valued above $20 billion, it could have a long way higher to run.

That’s why, despite having already pumped a long way, it could be the best crypto to buy today.

Pepe is up 32% on Friday and has