The release of softer-than-expected US Core PCE inflation data has failed to inject any enthusiasm into the cryptocurrency markets on Monday. Despite this data bolstering the argument for a series of Federal Reserve interest rate cuts expected to start in just a few weeks, there are very few notable top crypto performers making headlines.
Many bullish investors are likely feeling let down by the lackluster price movement this week, even though there have been positive macroeconomic indicators. For instance, Thursday’s GDP data was robust, and Wednesday’s results from Nvidia indicated a sustained boom in the artificial intelligence sector. Nonetheless, these factors have not succeeded in enhancing institutional demand for major cryptocurrencies.
Bitcoin ETFs have experienced outflows for two consecutive days, according to data from The Block. Similarly, Ethereum ETFs continue to see a gradual decline as trading volumes steadily decrease. Consequently, investors looking for top crypto performers today have had to venture into riskier altcoin markets.
Here are some standout cryptocurrencies that are capturing investor attention today:
**Top Crypto Performers Today – What Are They?**
One of the notable top crypto performers is the over-collateralized stablecoin protocol KEROSENE (KEROSENE), which has surged by 17% over the past 24 hours, as per CoinGecko. The token is currently trading around $0.30, having tripled in value over the past week. Despite this impressive performance, KEROSENE’s market cap remains relatively small at $27.7 million. As excitement builds around the protocol’s high yields, KEROSENE has the potential to climb much higher. However, it is crucial to remember that this is a speculative protocol and remains a highly risky investment. Traders must conduct their own thorough research.
Another significant top performer is Zano (ZANO), which has also risen by approximately 17%. Zano powers a blockchain focused on confidentiality and security, and it was last trading close to $5.70 with a market cap around $83 million. The privacy-focused blockchain aims to address many issues that traditional tokens face. If Zano achieves substantial real-world usage, its market cap could increase significantly, positioning it as one of the best cryptos to buy today.
The final mention in the list of top crypto performers today is a smaller coin known as DFI.money (YFII). This token has increased by 9% in the past 24 hours. However, potential investors should exercise caution; CoinGecko’s website includes a warning that there may be pump-and-dump activities associated with YFII.
**Better Alternatives to Consider**
The aforementioned altcoins come with very high risks. Even if they do not turn out to be pump-and-dump schemes like YFII might be, these coins exhibit high volatility. This situation puts investors at risk of succumbing to FOMO (Fear Of Missing Out) and not conducting proper due diligence.
In contrast, investing in presales offers a strategic alternative to mitigate these issues. Presales usually run for several weeks, giving investors ample time to thoroughly research a project. Furthermore, presales often provide the opportunity to invest in a project at a discounted price. Analysts at Cryptonews.com diligently monitor the presale market for promising opportunities.
Here are some top picks they recommend checking out right now:
1. **[Insert Presale Option 1]**: Detailed information about Presale Option 1.
2. **[Insert Presale Option 2]**: Detailed information about Presale Option 2.
3. **[Insert Presale Option 3]**: Detailed information about Presale Option 3.
By exploring these presale options, investors can make more informed and strategic investment decisions in the ever-volatile cryptocurrency market.