As major cryptocurrencies stabilize following market turmoil caused by Iran’s missile attack against Israel, investors are searching for the best crypto to buy now. Bitcoin (BTC) is approaching $62,000 after testing $60,000 on Monday. Uncertainty remains over Israel’s response and the potential for further escalation, with Polymarket putting the chances of an Israeli response before year-end at 92%. If geopolitics settle, a major rebound is possible, in line with historical trends marking October as one of the best months for Bitcoin and the broader market. The positive macro backdrop of easing global monetary policy could further boost the market, leading to potential gains for Bitcoin and higher beta altcoins.
Among the top-performing cryptocurrencies on Tuesday, Wormhole (W) stands out as the best-performing major coin, having surged 25% in the past 24 hours. The protocol snapped its multi-month downtrend in early September and could retest resistance levels at $0.45 and $0.78 in the coming weeks, making it one of the best cryptos to buy now. Conflux (CFX), an innovative layer-1 blockchain protocol, has also gained 12% in the past 24 hours, with potential for further growth as it probes resistance levels in the $0.19 area. Sui (SUI), another strong performer, was last just under $1.90, reaching its highest level since early April. With a strong uptrend since September and rapid ecosystem growth, SUI remains undervalued compared to its ecosystem’s expansion, making it a potential top pick amid market turmoil.
Investors seeking cryptocurrencies with strong upside potential can explore crypto presales, where high-potential projects raise funds for development. These presales offer investors an opportunity to get in early at a discounted valuation. Analysts at Cryptonews.com watch the presale market closely and recommend some top picks for investors looking to capitalize on emerging crypto projects. It’s important to note that crypto is a high-risk asset class, and this article is for informational purposes only, not investment advice. Investors should be prepared to potentially lose all of their capital when investing in cryptocurrencies.
Overall, the recent market dip amid geopolitical tensions presents an opportunity for investors to consider buying specific cryptocurrencies showing bullish momentum. Bitcoin could potentially reach $100,000 by year-end, with a 60% rise from current levels, while higher beta altcoins also offer substantial performance potential. With the uncertain geopolitical situation potentially cooling down, the market could see a major rebound, especially with the positive macro backdrop of global monetary policy easing. As investors assess the best crypto to buy now amid the market’s recent dip, altcoins like Wormhole (W), Conflux (CFX), and Sui (SUI) present strong cases for potential growth and investment. Additionally, exploring crypto presales for high-potential projects could provide opportunities for early entry at discounted valuations.
