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Joel Frank
Author
Joel Frank
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Why Trust Cryptonews
Just hours ahead of the Fed’s most important policy announcement in years, where they are expected to cut interest rates for the first time since 2020 and signal a new policy easing cycle, investors are trying to pick the best crypto to buy now for quick gains.
After posting solid gains on Tuesday, most major cryptos are a little lower on Wednesday but still not far from weekly highs.
That’s the case for Bitcoin (BTC), which was last trading in the mid-$59,000s, having hit $61,000 earlier in the week.
According to CoinMarketCap, Ethereum (ETH), BNB (BNB), and Solana (SOL) were down 1-4% in the past 24 hours.
An easing of financial and liquidity conditions in the world’s largest economy could be a major tailwind for crypto in the coming years.
The delayed bullish impact of the April BTC halving and a potential pro-crypto second Trump presidency in the US could also help power gains into 2025.
Bitcoin and the other coins mentioned above could all be major winners.
For those looking to add exposure to well-established cryptos, each of these names could rank among the best cryptos to buy now.
However, some investors looking for higher beta cryptos that could outperform are scouring the alt-coin markets.
Here are some smaller and lesser-known tokens that could rank amongst the best cryptos to buy now.
Best Crypto to Buy Now – Consider These Altcoins
Following its Upbit listing last week, Nervos Network (CKB) has maintained strong bullish momentum.
The crypto was up 8% in the past 24 hours, per CoinMarketCap, making it the top-performing crypto in the top 100 by market cap.
Last just above $0.017, CKB is up over 90% since last Wednesday.
The Upbit listing catalyzes the price jump, but positive technicals have also helped.
Last week, CKB broke to the north of a key downtrend in play since June.
If it can clear resistance in the $0.020 area, a rally up toward $0.038 is a possibility.
Four years after the Nervos Network’s main-net launch, it remains highly uncertain whether the network will achieve real adoption.
Investors looking for the best crypto to buy now might want to check out alternatives with better adoption momentum, even if they need to buy in at a higher valuation.
Sui (SUI) is a good example of a network with better momentum, if not a higher valuation.
SUI is one of the few cryptos trading in the green today, up 3% in the past 4 hours according to CoinMarketCap.
The crypto was last trading just above $1.18, eyeing a surge toward yearly highs in the $2.20 area.
SUI is up nearly 3x versus its August lows, thanks to surging TLV, which is up $400 million since early August to $780 million, per DeFi Llama.
And the surge in TLV could accelerate with USDC coming to the blockchain, powering further SUI gains.
SUI’s market cap was last around $3.1 billion, with a fully diluted value of closer to $12 billion.
If it succeeds in challenging layer-1 blockchain leaders like Solana, Ethereum, and BNB, it could reap 10x gains.
It’s risky, but good upside potential suggests it could be the best crypto to buy now.
The final candidate for the best crypto to buy is another layer-1 blockchain called Fantom (FTM).
Fantom (FTM) is looking bullish on the technicals. It has been in an uptrend since the August lows. And, given it is above its 21 and 50DMAs, the bulls appear to be in control.
Last, around $0.577, FTM could pump more than 2x higher back towards yearly highs in the $1.20 area.
It could be the best crypto to buy now for those hunting short-term gains.
However, short-term investors might also want to consider meme coin trading.
Meme coins are speculative, highly volatile assets capable of handing investors big short-term gains.
Of course, meme coins are very risky, and investors shouldn’t risk more than they can afford to lose.
But one way to stack the odds in your favor is to get into smaller meme coins before they trend.
And joining a meme coin presale is one of the best ways to do this.
Here are some of the analysts at Cryptonews.com’s favorite meme coin presales right now.
18 Best New Meme Coins to Buy in September 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.
