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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
In the aftermath of last night’s US Presidential debate and recent inflation data that solidified the chances of a 25bps rate cut from the Fed next week, investors are looking for the best crypto to buy now.
Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have seen minimal movement, leaving buyers wondering where to invest next.
Major cryptocurrencies like Bitcoin, Ethereum, and Solana have remained relatively flat, with BTC dipping to the mid-$55,000s on Wednesday but recovering to around $57,000, holding onto weekly gains of about 4%.
Many of these major assets continue to hover near multi-month range lows, and while dip buyers may find these major coins appealing, some lesser-known altcoins present stronger potential.
With these factors in mind, here are some of the top-performing cryptocurrencies from Wednesday that may present strong buying opportunities.
Internet Computer (ICP) Is Breaking Resistance Levels Showing Potential for Major Gains
One of the standout performers on Wednesday was Internet Computer (ICP), which saw a 9% rise in the last 24 hours, according to CoinMarketCap.
ICP, which was trading at $8.72, tested its late August highs around $9 on Tuesday and Wednesday.
A break above this level could push ICP toward July highs and the 200-day moving average (200DMA) at $11.
ICP’s recent break from a downtrend that started in March opens the possibility for a return to yearly highs above $20.
With the potential for significant gains, ICP could be one of the best cryptos to buy today.
DeFi Leader AAVE Continues Its Strong Upward Momentum
AAVE rose by 5% over the past 24 hours and hit fresh highs for the year, trading above $158 on Wednesday.
Aave’s strong performance over the last 30 days, where it gained 56%, makes it the best performer in the top 100 cryptocurrencies by market cap during this period.
With a total value locked (TVL) of nearly $11 billion, according to DeFi Llama, Aave has firmly established itself as a leading DeFi platform.
As AAVE continues its upward trend, it remains a strong candidate for consideration as the best crypto to buy now.
Bittensor (TAO) Has Seen Recent Gains but Carries a More Cautious Outlook
Meanwhile, Bittensor (TAO), which was last trading at $286, experienced substantial gains this week, although it remains within its recent range.
Its long-term technical indicators suggest caution, as its outlook remains uncertain in comparison to the other coins discussed.
Alternative Strategies: Considering Crypto Presales
For those interested in alternative investment strategies, crypto presales offer high-risk, high-reward opportunities.
Investors can gain early access to high-potential projects at discounted valuations, though these investments carry increased volatility.
Analysts at Cryptonews.com closely monitor the presale market, and several top picks are currently available for those seeking alternative investment options.
However, given their speculative nature, crypto presales should be approached with caution.
19 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.
