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Major cryptocurrencies are experiencing choppy but still bullish trading conditions as investors rush to find the best crypto to buy now ahead of a potential major surge in the second half of October.
Pro-crypto ex-US President and Republican Presidential nominee Donald Trump has commanded the swing state polls and betting markets ahead of the November election.
As anticipation for a Trump victory builds, the “Trump trade” is in full swing, with Bitcoin (BTC) nearing $68,000 earlier in the session before pulling back to last just under $67,000.
The Trump trade is arriving at the perfect time – October is usually the best month of the year for Bitcoin and major cryptos, with most of these gains coming in the second half.
Bitcoin’s momentum could continue to build, sending it back to all-time highs in time for the US election.
That makes it a strong candidate for the best crypto to buy now.
However, some highly risk-tolerant crypto investors will target larger upside and look for higher beta plays.
Here are some altcoins that might be the best crypto for them to buy right now.
Best Crypto to Buy Now – Which Are They?
Cat in a dogs world (MEW)
A fun Solana meme coin called cat in a dogs world (MEW) is one of the top gainers on Tuesday.
According to CoinMarketCap, the meme coin has surged 16% in the past 24 hours and is flirting with resistance around $0.0090.
MEW’s technicals are looking good, with MEW having consistently printed higher lows in recent months.
That suggests an upside breakout is nearing.
MEW’s market cap was last just under $800 million. But it could soon become the next billion-dollar meme coin and is a strong candidate for the best crypto to buy now.
Hedera (HBAR)
Hedera (HBAR), a public, open-source, decentralized dApp-focused blockchain network, is another crypto with strong momentum on Tuesday.
HBAR was last up 6% on the day in the $0.056s, per TradingView, having recently pushed back above its 50DMA.
If it can break to the north of its current range, a swift more than 3x rally back to April highs in the $0.018 area is on the cards.
That makes it another strong candidate for the best crypto to buy now.
Fantom (FTM)
Another innovative layer-1 blockchain protocol Fantom (FTM) is amongst the best performers on Tuesday.
FTM is up 7% daily, per CoinMarketCap, and just hit its highest level since June, near $0.80.
Fantom is one of the highest beta layer-1 protocols and could quickly surge back to yearly highs above $1.20 if a new crypto bull run is here.
But traders looking for the best crypto to buy now should consider more than just the major altcoins mentioned above.
If they have the risk tolerance for it, they might also want to check out crypto presales, which could present 20-50x opportunities.
Of course, presales are risky, as much depends on the team’s ability to deliver on their promises and the project’s ability to gain market traction.
So, investors must do their own due diligence before investing.
Cryptonews.com’s list of top presales to buy this October could be a good starting point for interested readers.
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.
