The month of October has been dubbed “Uptober” in the cryptocurrency world, with investors on edge due to geopolitical tensions between Israel and Iran potentially leading to a major war. Bitcoin dropped to test $62,000 after reports of an Iranian missile attack against Israel, sparking fears of a broader conflict involving major powers like the USA and Russia. This situation has put the crypto markets on the defensive, with traders looking for the best crypto to buy now to profit from a potential market rebound. While most major altcoins have experienced losses of 2-5% in the past 24 hours, previous geopolitical-related market dips earlier in the year have shown that these situations do not last long.
Amidst the uncertainty caused by geopolitical tensions, some traders see this as a buying opportunity. October is historically the best month of the year for Bitcoin, leading to increased optimism that prices will rebound before reaching new record highs. Traders are now scouring altcoin markets to identify the best crypto to buy now. One strong option that has caught the attention of investors is the Solana meme coin Popcat (POPCAT), which continues to trade close to $1, just below its record highs. Despite geopolitical fears and risk-off flows, POPCAT could be on the verge of a major breakout later in the month as risk appetite returns, making it a promising investment option.
Another potential candidate for the best crypto to buy now is NEIRO (NEIRO), a community-focused Ethereum meme coin inspired by Doge’s little sister. NEIRO has experienced an 80% decline from its August highs, but analysts are bullish on its prospects for growth in the coming months. EigenLayer (EIGEN), the newly launched token of the Ethereum restaking protocol, has also garnered attention for its explosive launch. While EIGEN’s fully diluted market cap is close to $7 billion, indicating potential inflation, the protocol is expected to gain traction in the future and could offer substantial returns for investors, ranking it as a strong contender for the best crypto to buy now.
For investors looking to access new projects at discounted prices before they launch, participating in crypto presales could be a lucrative strategy. Presales offer the opportunity to invest in a project’s native token at a favorable valuation before it goes public, potentially leading to significant gains. Analysts at Cryptonews.com closely monitor the presale market and have identified 16 top picks for October. However, it is essential to remember that crypto is a high-risk asset class, and investing in these projects carries the risk of losing all capital. This information is provided for informational purposes only and should not be considered as investment advice.
