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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
As major crypto prices advance from earlier session lows following stronger-than-anticipated US Retail Sales data that has reduced investor fears about an imminent US recession, traders are eyeing up various top crypto performers today in the altcoin markets that might deliver fast gains.
Bitcoin (BTC) was last trading in the mid-$59,000s, up around 3% from earlier session lows per TradingView.
Major altcoins, meanwhile, were mixed. Ethereum (ETH) was flat in the past 24 hours, while Solana (SOL) and Toncoin (TON) were 1-3% lower, per CoinMarketCap.
Smaller altcoins might be a better bet versus major coins for investors looking to secure quick gains.
Bitcoin is stuck below resistance in the $62,000 area in the form of its 50 and 200DMAs.
Ethereum, meanwhile, saw a strong rejection of resistance around $2,800 on Wednesday.
Let’s take a look at some top crypto performers today that might do better in the near term.
Top Crypto Performers Today
Fantom (FTM)
Layer-1 protocol Fantom is leading the chart of top crypto performers today, up 9% in 24 hours per CoinMarketCap.
Per TradingView, its price was last around $0.40, up an impressive 50% from last week’s lows.
It remains stuck in a medium-term downtrend.
But a breakout above the $0.44 area could see FTM quickly pump towards yearly highs above $1.20.
3x gains could be on the cards, ranking FTM as potentially one of the best cryptos to buy now.
Flare (FLR)
Having pulled back as much as 75% from earlier yearly highs when it hit lows last week around $0.013, FLR is staging a comeback on Thursday.
The token was last up more than 8% in 24 hours per CoinMarketCap, making it a top crypto performer today.
FLR is trying to build a foundation for a prolonged push higher that would snap it out of its multi-month downtrend.
But that will require it to break above its 50DMA at $0.019.
If it can do that, 3x gains for a retest of yearly highs are possible.
Aave (AAVE)
DeFi market-leading protocol Aave (AAVE) is another top crypto performer today.
Per CoinMarketCap, it was last up around 9% in the past 24 hours at $110.
AAVE hasn’t yet broken to the north of its recent multi-month range.
But if it can get above $120, a swift rally back to yearly highs in the $150 area is likely.
And AAVE’s long-term outlook is strong. The protocol is a long-time leader in DeFi lending/borrowing markets, and that isn’t likely to change any time soon.
Aave is a strong candidate for best DeFi token to invest in now.
Crypto Presales Present the Best Alternatives
While the aforementioned top crypto performers today have a lot of upside potential during the current bull market, investors seeking opportunities with lower entry points may find crypto presales attractive.
That’s because presales offer discounted token prices before official exchange listings, potentially yielding favorable returns.
Of course, presales investing is risky. A project may fail to deliver on its promises, resulting in a token price dump.
Investors are encouraged to conduct thorough research and exercise caution to mitigate the risks of trading cryptocurrencies.
15 Best Crypto Presales to Invest In Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
