Best Crypto to Buy Now September 9 – Popcat, Fantom, Bittensor

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Joel Frank

Author

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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Last updated:

September 9, 2024 12:15 EDT

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As major cryptocurrencies edge higher at the start of a big week of macro risk events, investors are scouring altcoin markets to determine the best crypto to buy now.

Bitcoin (BTC) last traded up about 2% in the past 24 hours to the mid-$55,000s, according to CoinMarketCap.

Other major cryptos, such as Ethereum (ETH), BNB (BNB), Solana (SOL), XRP (XRP), and Dogecoin (DOGE), were up 1-3% over the same time period.

Republican and Democrat Presidential nominees Donald Trump and Kamala Harris go head to head in a debate on Tuesday.

Trump is seen as the more pro-crypto candidate of the two, so traders will closely watch the debate and its impact on election prediction markets.

Polymarket currently has Trump as the slight favorite to win the November election.

Wednesday then sees the release of US Consumer Price Index (CPI) inflation data.

The data is expected to confirm the ongoing deflationary trend in the US that gives the Fed the green light to start cutting interest rates.

A potential second Trump presidency plus a lower interest rate environment have been touted as big potential tailwinds for major cryptos.

However, as US recession risks rise, risk appetite may remain dampened for some time.

So, investors are asking what might be the best crypto to buy now.

Here are some strong performers on Monday that might be good options to consider.

Could These Strong Performers Be the Best Crypto to Buy Now

On Monday, the best performer in the top 100 cryptocurrencies is a fairly new Solana meme called Popcat (POP).

Per CoinMarketCap, POPCAT was last up around 12% in the past 24 hours just under $0.58.

But the crypto could soon vault above $1.0. In recent weeks, it has formed a pennant structure that may soon break.

For those shopping around in meme coin markets, it could be the best crypto to buy now.

Elsewhere, layer-1 protocol Fantom is another strong performer, up 11% in the past 24 hours to nearly $0.44 per CoinMarketCap.

Thanks to its bullish technical setup, FTM could be one of the best cryptos to buy now.

The crypto recently broke above a downtrend and could advance towards $1.0.

Finally, the decentralized AI network Bittensor (TAO) is among today’s top crypto performers.

TAO has lasted 10% in the past 24 hours, but it may not be one of the best cryptos to buy now.

That’s because its technical setup does not look very convincing.

TAO was last just above $260, below its major moving averages, and stuck well within its multi-month ranges.

Analysts looking for the best crypto to buy now might instead want to consider getting involved in crypto presales.

Presales allow investors to get into high-potential crypto projects early and at highly discounted valuations.

Analysts at Cryptonews.com keep a close eye on the presale market, and here are some of their top picks right now.

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.