By CryptoNews - 3 months ago - Reading Time: 3 minutes
Best Crypto to Buy Today Feb 2 – ROSE, PENDLE, FLR
With blue-chip cryptocurrency markets choppy on Friday following the release of a bumper US jobs reports that saw macro traders pare back on Fed rate cut bets, Oasis Network (ROSE), Pendle (PENDLE) and Flare (FLR) are the best performers, making them the likely best crypto to buy today.
Bitcoin (BTC) swung either side of $43,000 while Ether (ETH) chopped either side of $2,300 on Friday.
Traders paring Fed rate cuts bets is a headwind for liquidity-sensitive assets like crypto.
But at the same time, net flows into recently launched spot Bitcoin ETFs are turning decisively positive.
BlackRock’s iShares Bitcoin Trust (IBIT) hit $3 billion in assets under management (AUM) on Friday, indicative of strong BTC demand.
As a result, neither the bulls nor bears were able to take control of blue-chip markets on Friday.
But looking elsewhere across the altcoin market, some smaller names are enjoying big gains.
Here are some of the best-performing altcoins on Friday, which could be the best crypto to buy today.
Best Crypto to Buy Today
Oasis Network (ROSE)
Privacy-focused layer-1 blockchain Oasis Network (ROSE) is up around 13% in 24 hours, as per CoinMarketCap.
The price pump comes following a breakout above a downtrend that has been in play since late December 2023.
Big potential gains make ROSE potentially the best crypto to buy / Source: TradingViewTechnical analysis now suggests a strong likelihood of a near-term retest of resistance near $0.15.
That could mean quick 30% gains, with Oasis Network last around $0.115.
That potentially makes ROSE the best crypto to buy today.
Pendle (PENDLE)
Pendle (PENDLE), an innovative future yield tokenization and trading protocol, punched to fresh all-time highs near $3 on Friday.
PENDLE is up nearly 6x from last summer’s lows under $0.50.
Its rally from its 2022 lows is even more impressive at over 80x.
But as per CoinMarketCap, which clocks PENDLE’s 24-hour gains at around 12%, its market cap remains modest at $686 million.
That leaves plenty of room for 10x or more gains as the asset tokenization narrative gains ground.
That potentially makes PENDLE one of the best crypto to buy today.
Flare (FLR)
Data-focused layer-1 blockchain Flare (FLR) pumped up 11% in the last 24 hours, making it one of the best crypto to buy now.
FLR was last just under $0.025 after hitting its highest levels since May 2023.
The cryptocurrency just broke key resistance at $0.2430, opening the door to swift gains into the $0.30s.
Crypto Alternatives to Consider
All of the above coins offer potential investors a great chance to make 10x gains.
But, for those looking for a better probability of near-term gains, an alternative high-risk, high-reward investment strategy to consider is getting involved in crypto presales.
This is where investors buy the tokens of upstart crypto projects to help fund their development.
These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.
Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.
If an investor can identify such projects, the risk/reward of their presale investment is very good.
The team at Cryptonews spends a lot of time combing through presale projects to help investors out.
Here is a list of 15 of what the project deems as the best crypto presales of 2023:
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Original source: CryptoNews