Bitcoin has recently hit two-month highs above $66,000 and has convincingly broken back above its 200-day moving average and snapped its recent downtrend. As traders look ahead to what could be a very bullish October, they are assessing the best crypto to buy now. September, historically one of the worst months for major cryptos, is ending with Bitcoin up nearly 12%, setting up the potential for an even stronger October, which is typically the strongest month for Bitcoin. The recent rally is attributed to the Federal Reserve initiating a new monetary policy easing cycle with a rate cut and other global central banks following suit. This positive macro backdrop, along with the prospect of significant Fed interest rate easing in the coming years, could push Bitcoin towards $100,000.
Historically, Bitcoin has seen an average return of 88% in the fourth quarter, suggesting the potential for significant gains in the coming months. Even a 55% move could take Bitcoin to $100,000. Many investors see Bitcoin as the best crypto to buy now given the potential for 50% gains from current levels. However, some investors seeking higher returns are turning to the altcoin market, anticipating a new altcoin/meme coin season triggered by a Bitcoin breakout in the fourth quarter. Tap-to-earn GameFi crypto Notcoin is among the top performers, surging 20% in the past 24 hours. Two other strong performers, Bonk and Pepe, are also leading the way in the altcoin market. These meme coins have shown trends that could potentially lead to significant gains.
For investors looking to gain exposure to the volatile but fast-growing meme coin space, Bonk and Pepe might be the best crypto to buy now. Additionally, meme coin presales offer investors the opportunity to invest in high-potential projects before they gain market traction. Identifying projects with high potential early on can lead to significant returns, especially in meme coin presales. Cryptonews.com experts have identified 19 of the best new meme coins to buy in September 2024, offering investors a glimpse into potential opportunities in the meme coin market. It is important to note that crypto is a high-risk asset class, and this article is provided for informational purposes and does not constitute investment advice.
In conclusion, as Bitcoin continues to show signs of a bullish trend, investors are considering the best crypto assets to buy now. With Bitcoin potentially heading towards $100,000 and the altcoin market showing promising signs of growth, investors have a range of options to consider. Whether focusing on Bitcoin for potential gains or exploring the altcoin and meme coin markets for higher-risk opportunities, investors need to assess their risk tolerance and investment goals carefully. This period of market optimism and potential growth presents an opportunity for strategic decision-making and diversifying crypto portfolios for long-term success.
