Hot Cryptocurrency To Buy March 13 – Ethereum, EGO, FLOKI

After a mostly directionless day yesterday, the cryptocurrency market is showing signs of a rebound. This is a signal that bulls are still in control of the market, and with crucial market catalysts such as Bitcoin halving and the Ethereum ETFs ahead, the odds are that the market will keep gaining upside momentum. This then begs the question, what are the hottest cryptocurrencies to buy today?

This is the question we seek to answer in this article. Since in bull markets, buyers tend to follow big news and the potential to maximize returns quickly, the article focuses on cryptos that have either big news ahead, are visible in the media, and whose core metrics point to the potential for a parabolic price pump. 

Hot Crypto To Buy Today

In this article, we focus on cryptocurrencies that, based on favorable factors around them, have the potential to do well not just today but could go parabolic once FOMO hits the fever pitch in the crypto market. The article will touch on Ethereum now that the Dencun upgrade is less than 10 hours away, EGO’s potential after Paysenger announced that it had launched Light Mode for both Android and IOS, and FLOKI’s potential as the market continues to absorb the impact of the 1 trillion tokens a few weeks back.

The article will also look at PEPE and Shiba Inu’s potential now that today’s Ethereum upgrade could see investors turn more to trading meme coins, triggering a rally in the two since they are among the most popular meme coins on the Ethereum network.

Ethereum (ETH)

Ethereum (ETH) is, without a doubt, one of the best cryptocurrencies to buy today. That’s based on the events surrounding it today. The much-awaited Dencun upgrade is happening today, which means much of the market attention is on Ether today.

The #DencunUpgrade is a game-changer for L2s, slashing gas fees and paving the way for cheaper, faster DeFi trades. 📉

As #HotbitDEX is preparing to launch on the #Arbitrum mainnet, we are excited to share the perks of this upgrade with our community. Get ready for an enhanced… pic.twitter.com/a3yxtmKHI0

— HotbitDEX 🍀 (@Hotbit_news) March 13, 2024

Beyond the upgrade’s attention on Ethereum, it is set to drive up the adoption of Ethereum by a huge factor. For context, Ethereum layer-2s are set to become much cheaper to transact on with costs on some, like Arbitrum, which is set to see costs drop from over $2 to under $0.50. 

The avalanche of transactions this will bring to Ethereum makes for a potential parabolic price rally today, possibly getting stronger as bullish momentum peaks across the market. Also, with an Ethereum ETF expected between now and May, Ethereum is an excellent cryptocurrency to buy now with a medium-term to long-term view of the market. 

EGO (EGO)

EGO is one of the top-performing cryptocurrencies today. In just 24 hours, it has garnered enough upside momentum to kill a zero from its price. EGO’s upside momentum is driven by news around Paysenger, the decentralized content-sharing platform where EGO is the native currency. Paysenger has announced that it has now launched Light Mode version, making it even easier for creators and their fans to connect on the App. 

🌞 Light Mode is Finally Here! We’re excited to announce that light mode is now available for iOS and Android in Paysenger. Update your app and switch to the light side today! pic.twitter.com/iZnTiPWKzt

— EGO (@Ego_Paysenger) March 13, 2024

This is exciting because it means the demand for the EGO token will go up since it is the native token of the Paysenger ecosystem. However, investors are also excited by the fact that EGO’s market cap is tiny. This is a cryptocurrency with a market cap of only $5 million. For its strong use case and growth potential, EGO now has the potential to go as high as a billion-dollar market cap or more. This makes it one of the best cryptocurrencies to buy now for investors who want to maximize the bull market without the need the heavy capital outlay needed for something like Bitcoin. 

FLOKI (FLOKI)

Floki (FLOKI) has been one of the best meme coins this month, and is up by close to 1000% in the last 30 days. FLOKI’s success has much to do with the fact that it has meme coin characteristics but has strong fundamentals backing it up. 

BREAKING: $3.2 MILLION in $FLOKI tokens was burned in the past week through #Floki utility. This is in addition to a previous $1.12 million burn driven by utility the week before, and another $45 million manual burn Yesterday.

That is more than the burns from $DOGE, $SHIB,… pic.twitter.com/wqfUenKziB

— BITCOINLFG® (@bitcoinlfgo) March 10, 2024

For instance, the total value in the FLOKI ecosystem now exceeds that of other top-rated meme coins, such as DOGE, SHIB, and PEPE combined. However, there are other reasons investor interest in FLOKI is rising. The market is also excited that FLOKI recently burned a trillion tokens. From a demand and supply perspective, this has made things more favorable for FLOKI. As money flows into the FLOKI ecosystem, coupled with speculative buying, the odds of this token outperforming most cryptocurrencies are quite high. 

PEPE (PEPE)

PEPE (PEPE) has been one of the best performing meme coins so far, and there is every reason to believe this momentum will continue. The key trigger to the next wave of PEPE gains is likely to be today’s Ethereum upgrade which is set to make it cheaper to transact Ethereum-based tokens on layer-2s. 

king of the internet 👑🐸 $PEPE pic.twitter.com/6OTNKIS8gW

— Pepe (@pepecoineth) March 11, 2024

The result is that Ethereum meme coins will become more accessible to small investors, especially those with less than $100 to invest in crypto. Considering that PEPE is one of the most popular meme coins on Ethereum today, making it cheaper to buy it could see an influx of capital that could see PEPE rally today and easily kill a zero or two as alt-season gains momentum. 

Shiba Inu (SHIB)

Shiba Inu (SHIB) is another top meme coin set that will reap big from today’s Ethereum upgrade. While Shiba Inu now has its network called Shibarium, most of the Shiba Inu tokens in the market today are traded on the Ethereum network. 

This means it is set to see an increase in trading volumes now that the Ethereum blockchain is set to get cheaper for traders. Besides, investors are increasingly drawn to Shiba Inu for the fact that it is one of the most credible, and decentralized meme coins out there.

pic.twitter.com/Og6pgbbFZE

— Elon Musk (@elonmusk) March 13, 2024

This became evident recently when the Shiba Inu founder was asked why they couldn’t burn tokens as FLOKI did. They answered that most of the tokens are in the hands of the community, so there are no tokens to burn. This is a big vote of confidence for SHIB, and we could see the token attract more investors going forward.