As major cryptocurrency prices dipped – despite US Consumer Price Index (CPI) inflation data suggesting potential interest rate cuts by the Fed – traders sought refuge in the altcoin market, focusing on the day’s top crypto performers.
Bitcoin (BTC) sellers were in control on Wednesday, sending the world’s largest crypto 3% lower in the past 24 hours, per CoinMarketCap.
The world’s largest crypto failed to break above key resistance in the $62,000 area.
Bullish chart analysis and miner developments suggest a potential rebound to recent highs for Bitcoin.
Other major altcoins were mixed. Ethereum (ETH) was down 2%, while Solana (SOL) was down just over 1%.
While most of the market was trading in a modestly bearish/subdued fashion, a few top crypto performers today have stood out.
Here are some altcoins that traders will be monitoring, and might be the best crypto to buy now.
Top Crypto Performers Today
Toncoin (TON)
Toncoin (TON) is one of the top crypto performers today, having rallied an impressive 9% in 24 hours per CoinMarketCap.
Its price was last just above $7.0, just above its 50DMA and at multi-week highs.
In wake of bullish Binance news, a near-term test of yearly highs above $8.0 could be on the cards.
Indeed, Toncoin has benefited from a strong adoption narrative in 2024, contributing to its market outperformance.
That could persist for some time. Now could be a great time to continue accumulating TON.
Aave (AAVE)
Leading DeFi protocol Aave’s AAVE token is another top crypto performer today. Per CoinMarketCap, the cryptocurrency is up by 8% so far today.
Last at $105, it still remains stuck within its $75-$115ish range of the past few months.
The native token of this protocol, positioned to maintain its market leadership, presents a potential accumulation opportunity.
Notcoin (NOT)
Ton blockchain-based tap-to-earn game Notcoin (NOT) is another top crypto performer today, up 4% in 24 hours.
But the bulls haven’t reclaimed control of the GameFi coin just yet. It remains below its 50DMA and stuck in a longer-term downtrend.
Exploring Alternative Crypto Investments: Crypto Presales
The above-noted coins all have a lot of potential to appreciate this bull market.
However, investors hunting for bigger returns should consider an alternative investment strategy – presale investing.
New web3 projects often sell their tokens at a discount to early bird investors, as they raise funds for development.
Presale investing is risky, as all investing in crypto is. But if done right, presale investors can net massive gains.
Analysts at Cryptonews.com keep a close eye on the presale market. Here are some of their top presales to buy right now.
15 Best Crypto Presales to Invest In Now
The post Top Crypto Performers Today August 14 – Toncoin, Aave, Notcoin appeared first on Cryptonews.
