Top Cryptocurrencies to Consider Buying in October – Sui, Goatsues Maximus, Popcat
As Bitcoin (BTC) continues its upward surge and threatens to reach its previous record highs of nearly $74,000, investors are eagerly searching for the best cryptocurrencies to buy now in anticipation of a new bull market.
BTC reached a peak in the mid-$73,000s on Tuesday, coming very close to reaching fresh record highs. Although it has since dropped to around $72,000, bullish investors are not discouraged as the conditions are aligning for a push towards $100,000.
Is BTC the Best Crypto to Buy Now?
With the upcoming US presidential election, the odds are in favor of pro-crypto ex-President Donald Trump, as markets also predict a high chance of a Republican sweep in Congress. A Republican-controlled Congress would likely pass digital asset legislation, providing much-needed certainty to the industry.
Furthermore, the current macro backdrop is positive, with the Fed cutting interest rates to support growth and the US economy showing resilience. Under a future Trump administration, the economy could potentially improve even further.
Bitcoin’s cycle and chart analysis also indicate a bullish outlook. It has been six months since the BTC halving in April, and historically, this has led to surges in the BTC price, reaching fresh record highs.
Additionally, Bitcoin has broken out of a flag consolidation pattern that has been in play since March, and its 14-day Relative Strength Index (RSI) has reached “overbought” levels, both serving as buy signals. If BTC breaks above its all-time highs, it could pave the way for a swift move towards $100,000 by the end of the year.
Considering the potential for a 40% gain from current levels, BTC is a strong contender for the best cryptocurrency to buy now. However, experienced crypto investors may be searching for even greater upside potential and exploring options in the altcoin market.
Here are some standout performers on Tuesday that could be the best cryptocurrencies to buy now.
Are These Altcoins the Best Crypto to Buy Now?
Sui (SUI)
Sui has been one of the most impressive performers in the past two months, with its innovative smart-contract-enabled layer-1 blockchain experiencing a rally of over 4x from its August lows. Currently priced just above $2.0, SUI has seen a 17.5% increase in the past 24 hours and may soon retest its recent highs in the $2.30s.
The recent growth of SUI can be attributed to its surging on-chain activity. With its trade value locked at around $1 billion, Sui has the potential for further substantial growth. If it establishes itself as a leading layer-1 blockchain, which seems highly likely, SUI’s fully diluted market cap could increase by 5x from its current levels of around $20 billion to approximately $100 billion.
This makes SUI a strong contender for the best cryptocurrency to buy now.
Goatseus Maximus (GOAT)
Goatseus Maximus (GOAT), the meme coin that emerged from one of the most fascinating AI stories of the year, is another top performer on Tuesday. GOAT has experienced a 14% increase in the past 24 hours, with a price of $0.665 per CoinMarketCap, resulting in a market cap of around $665 million.
The meme coin was “manifested into existence” by an AI influencer on X called @terminal_of_truth. The AI continuously mentioned Goatseus Maximus until someone finally created the meme coin. Its unique story indicates that GOAT has the potential to become a well-known name in the meme coin world.
Therefore, GOAT is a strong candidate for the best cryptocurrency to buy now, especially for those interested in meme coins.
Popcat (POPCAT)
Popcat, a cat-themed Solana meme coin, is also worth considering as the best cryptocurrency to buy now. It has experienced a 15% increase in the past 24 hours, with a price of $1.74. Since its August lows, Popcat has rallied by nearly 600%, but it may still have room to grow, considering its current market cap is only around $1.7 billion.
Both GOAT and Popcat have the potential for a 10x increase. However, investors with a higher risk tolerance may be seeking even greater gains, potentially in the 50-100x range.
To achieve gains of this magnitude, investors must enter into relatively unknown cryptocurrencies before they become mainstream. One way to do this is through crypto presales, which allow investors to invest in high-potential projects at their earliest stages.
Analysts at cryptonews.com are continuously searching for the next big crypto that is set to explode. Here are some of their favorite presales that could be the best cryptocurrencies to buy right now.
17 Best Crypto Presales to Invest In Now.
