Best Crypto to Buy Now October 30 – Maker, Chainlink, Mantra

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Joel Frank

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Joel Frank

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Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology…

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Bitcoin (BTC) is taking a breather and consolidating just below the all-time highs it nearly hit earlier this week, with investors taking the opportunity to assess what might be the best crypto to buy now if a new leg higher in the market is around the corner.

The US presidential election is just around the corner, and betting markets remain confident that pro-crypto ex-President Donald Trump will win, with Polymarket pricing a 66% chance he will come out victorious.

A Trump victory, which could come along with a Republican sweep of both branches of Congress, has been touted as a potential positive catalyst that could lift major cryptos to fresh yearly highs.

Indeed, this comes at a time when the US economy continues performing well, but the Fed is easing interest rates to avoid monetary policy becoming overly tight.

That arguably means a “goldilocks” environment for risk assets like stocks and crypto.

And crypto has other tailwinds going for it – its now been over six months since the BTC halving and this is historically when BTC bulls markets go into overdrive.

Bitcoin was last around $72,500, less than 2% below the record highs it hit in March.

Ethereum (ETH), meanwhile, is pushing up to test $2,700 – the world’s second-largest crypto remains over 35% down from earlier yearly highs, and hopes are growing that a “catch-up” play could soon ensue.

The prospect of near-term outperformance thanks to a “catch-up” effect suggests ETH is a strong candidate for the best crypto to buy now.

That said, concerns linger about weak demand for spot Ethereum ETFs and growing competition from layer-2 blockchains and more agile layer-1 rivals like Solana.

Still, quick 2x gains could easily be on the cards for ETH. However, some investors might be hunting for even greater upside potential.

Smaller and lesser-known altcoin might be a better bet. Here are some strong performers that might be the best crypto to buy now.

Best Crypto to Buy Now – Which Are They?

Algorithmic stablecoin protocol Maker (MKR) is leading the market higher on Wednesday, having gained 8.3% in 24 hours per CoinMarketCap to reach $1,240.

Bulls will be hoping this marks the start of a new uptrend, with MKR having been a major underperformed in recent months, even despite the broader market recovery.

If MKR could recover to earlier yearly highs above $4,000, that could mean more than 3x upside, making it potentially the best crypto to buy now.

Best Crypto to Buy Now October 30

Chainlink (LINK) is another notable gainer, having rallied 5% on the day, per TradingView. But the LINK gains could be about to go into overdrive – LINK appears to have formed a bullish ascending triangle.

A break above its 200DMA at $13 could kickstart a swift move back to yearly highs in the $23 area.

Best Crypto to Buy Now October 30

Elsewhere, leading RWA tokenization protocol Mantra (OM) is another strong performer. Per CoinMarketCap, it’s up 4% in 24 hours to $1.44, with its strong uptrend that has been in play all year seemingly still in place.

Mantra remains over 10% down from its yearly highs in the $1.60 area hit earlier this month.

Best Crypto to Buy Now October 30

For traders looking to gain exposure to a token with massive growth potential at a discount to its recent highs, OM could be the best crypto to buy now.

Alternatively, traders hunting riskier coins with 20-50x return potential might instead want to check out cryptonews.com‘s picks for best low-cap coin to buy now.

Many are high-potential crypto presales, offering investors a chance to get in at the earliest stage possible.

11 Best Low Market Cap Crypto Coins to Buy in 2024

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.