Best Crypto to Buy Now

Historically, September tends to be one of the worst months for major cryptocurrencies. However, Bitcoin is set to end the month up nearly 12%, setting the stage for an even stronger October—the month that has traditionally been the strongest for Bitcoin.

This impressive rally follows the Fed’s initiation of a new monetary policy easing cycle with a 50bps rate cut last week, with other major global central banks like China’s PBoC also taking similar actions.

Bitcoin to $100K?

Market expectations for significant Fed interest rate easing in the coming years have investors hopeful about avoiding a recession in the U.S. Weaker-than-expected U.S. inflation data further propelled BTC above $66,000.

With a favorable macro backdrop, alleviation of U.S. election uncertainty in November, and the delayed bullish impact of the April BTC halving, all these factors could combine to propel Bitcoin to fresh record highs in Q4, making a charge toward $100,000 feasible.

Historically, the average return for Bitcoin in Q4 is 88%. If that were to repeat, it would put Bitcoin close to $120,000. Even a 55% move upward, similar to last year, could bring it to $100,000.

> “The prospect of 50% gains for BTC from current levels suggests that for many investors, it might be the best crypto to buy now.”

However, some investors eager for 3x, 4x, or even 5x portfolio growth are turning to higher-beta altcoins. After all, a Bitcoin breakout in Q4 could trigger a new altcoin and meme coin season.

Best Crypto to Buy Now in the Altcoin Market

Notcoin (NOT), a tap-to-earn GameFi crypto, is the top performer today among the top 100 coins by market cap, surging an impressive 20% in the past 24 hours, taking its price back above $0.10. The breakout comes after NOT broke above a downtrend that had persisted since the June highs, along with reclaiming its 50DMA at $0.09.

This breakout opens up the prospect of a swift rally back towards June’s highs in the $0.29 area, marking gains of nearly 3x from current levels, positioning it as potentially the best crypto to buy now.

Two other coins performing well on Friday are Bonk (BONK) and Pepe (PEPE), both up around 12% in the past 24 hours. Bonk’s jump to $0.000023 has seen it retest its 200DMA, while Pepe’s rally has brought it close to $0.000011, now comfortably above its 200DMA.

Meme Season Approaching?

The trends for both meme coins appear to be shifting, and their rallies could accelerate if a new meme season emerges. Both Bonk and Pepe are backed by massive dedicated communities, suggesting they are likely to be leading movers in any future meme market surge.

For investors looking to gain exposure to the volatile yet rapidly growing meme coin space, BONK and PEPE could be strong candidates for the best crypto to buy now.

Alternatively, investors might consider meme coin presales, which provide opportunities to enter high-potential projects before they go viral and at lower valuations. Identifying promising presale projects can lead to significant returns, particularly in the meme coin sector.

Conclusion

As we move into October, the altcoin market appears ripe for potential growth. The combination of Bitcoin's strong performance and the momentum of coins like Notcoin, Bonk, and Pepe suggests that savvy investors should consider these opportunities for their portfolios.

Stay tuned for more insights and updates in the dynamic world of cryptocurrency!