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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
Major cryptocurrencies are consolidating close to weekly highs as markets digest Trump’s rising US presidential election victory chances and stronger-than-expected US retail sales data. Investors are exploring what might be the best crypto to buy now for quick gains.
Bitcoin (BTC) was last consolidating close to $67,000, close to its highest levels since late July.
Ethereum (ETH), meanwhile, remained near $2,600 while Solana (SOL) slipped back towards $150.
The modest pullback could be a great opportunity for investors who expect further gains in the second half of October.
October is typically the best month of the year for Bitcoin, and despite a bumpy start, it has started to live up to this track record this week.
Tailwinds like a probably Trump election victory, ongoing Fed interest rate cuts, a resilient US economy, stimulus in other major economies (i.e., China), and strong Q4 seasonality could soon see major cryptos retesting recent highs.
However, smaller, lesser-known altcoins with a higher beta might substantially outperform the market in this environment.
Here are some strong performers on Thursday that might be the best crypto to buy now.
Best Crypto to Buy Now – Which Are They?
Popcat (POPCAT)
The Leading Solana meme coin, Popcat (POPCAT), is leading the market with a 9% gain in 24 hours, per CoinMarketCap.
The meme coin was last in the $1.30s and remains in a strong short-term uptrend.
Its market cap of $1.3 billion suggests that it has plenty of room to catch up to larger, better-established meme coins.
That’s why it potentially ranks as the best crypto to buy now and the best meme coin.
POPCAT could easily post 5-10x gains.
However, investors looking to secure a 50x+ upside should look to get into meme coins before they go mainstream.
Cryptonews.com has compiled a list of the best new meme coins, which could be a great starting point for investors.
18 Best New Meme Coins to Buy in October 2024
Celestia (TIA)
Elsewhere, modular data availability network Celestia (TIA) is another of the best-performing cryptos.
Per CoinMarketCap, it was last trading with 6% gains just above $6.0.
Assuming altcoins perform well in the coming weeks, TIA could soon test the important $7.60 resistance zone.
A break above here could signal a more than 3x rise back to yearly highs in the $21 region, making it a good candidate for the best crypto to buy now.
Cat in a dogs world (MEW)
Ethereum meme coin cat in a dogs world (MEW) is another strong performer, up 6% in 24 hours to around $0.00086 per CoinMarketCap.
And MEW could be on the verge of a major bullish breakout.
Since its April launch, it has consistently posted higher local lows, but $0.010 has been a consistently strong area of resistance.
That means it has formed an ascending triangle structure, which tends to form ahead of a major bullish breakout.
Its low market cap of only around $760 million suggests plenty of room for growth.
MEW could easily be a 5-10x play, making it potentially the best crypto to buy 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.
