The current trading conditions for major cryptocurrencies are choppy but still bullish as investors seek to identify the best crypto to purchase before a potential major surge in the second half of October. Pro-crypto former US President Donald Trump, who is also the Republican Presidential nominee, is leading in swing state polls and betting markets ahead of the November election. The “Trump trade” is in full swing, with Bitcoin reaching almost $68,000 before pulling back slightly. October is traditionally a strong month for Bitcoin and other cryptocurrencies, with significant gains often seen in the second half. Bitcoin’s momentum may continue to grow, potentially reaching all-time highs in time for the US election, making it a top choice for investors looking for the best crypto to buy at the moment.
While Bitcoin is a strong candidate for investment, some investors with a higher risk tolerance may be seeking altcoins with greater potential for upside. One option is the meme coin “Cat in a dogs world” (MEW), which has experienced a 16% surge in the past 24 hours and is approaching resistance at around $0.0090. With solid technical indicators and a market cap approaching $800 million, MEW could be the next billion-dollar meme coin and a top choice for investors looking for the best crypto to buy now. Another promising crypto is Hedera (HBAR), a decentralized blockchain network focused on dApps. HBAR has shown strong momentum, with a 6% increase in value and the potential for a significant rally back to April highs in the $0.018 range. Fantom (FTM), an innovative layer-1 blockchain protocol, is also performing well, with a 7% daily gain and reaching its highest level since June near $0.80. FTM has the potential to quickly surge back to yearly highs above $1.20 if a new crypto bull run begins.
In addition to the major altcoins mentioned, investors seeking the best crypto to buy now should also consider opportunities in crypto presales, which could offer significant returns of 20-50x. However, presales come with high risk, as success depends on the team’s ability to deliver on promises and the project’s ability to gain market traction. It is essential for investors to conduct thorough due diligence before investing in presales. Interested readers can explore Cryptonews.com’s list of top presales to consider for investment in October as a starting point for further research. It is important to note that investing in crypto carries significant risks, and this article is for informational purposes only and does not constitute investment advice. Investors should be prepared to potentially lose all of their capital when investing in high-risk assets like cryptocurrencies.
