Best Crypto to Buy Today February 9 – BONK, BEAM, SUI

With Bitcoin (BTC) nearing the $48,000 mark and leading a widespread rally in the

cryptocurrency

market, investors with an appetite for higher risk have been delving into the markets of smaller-cap altcoins, searching for the best crypto to buy today.

Bitcoin is up 6% in 24 hours after strong inflows into newly launched spot Bitcoin ETFs on Thursday.

Continued upside in the US stock market, positive seasonality around the time of the Chinese New Year, and building FOMO are likely also supporting upside in the BTC market.

Bulls are targeting a near-term retest of yearly highs in the $49,000 area.

Ether (ETH) was last up just over 3% in 24 hours and above $2,500 as per CoinMarketCap.

Solana (SOL), Cardano (ADA) and XRP (XRP) were up between 2-3%.

The prospect of near-term 30% gains could make BEAM the best crypto to buy today.

Sui (SUI)

High-performance proof-of-stake layer-1 blockchain Sui ($SUI) that launched back in May 2023 hit fresh all-time highs on Tuesday.

SUI just hit $1.76 for the first time since its launch last year after pumping 15% today.

That means it‘s now up nearly 400% versus last October’s lows around $0.36.

With a still modest fully diluted market cap of around $17 billion, Sui could yet see 5x gains.

That could make it the best crypto to buy today.

Crypto Alternatives to Consider

All of the above coins offer potential investors a 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 startup 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

unique 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.