Major cryptocurrency prices languished on Tuesday, with Bitcoin (BTC) sliding back into the $61,000s. Investors used the market calm to assess what might be the best crypto to buy now.
In fact, Bitcoin itself could be a good candidate for best crypto buy now, as positive catalysts build in the background that could power a surge later this month.
Pro-crypto Republican candidate Donald Trump is the favorite candidate to win the US presidential election, and expectations of his victory could be increasingly positive for major cryptos in the weeks ahead.
Tailwinds from the still robust US economy combined with a still easing US Federal Reserve are also likely to keep the BTC price supported, as is the continued recent rise in stablecoin liquidity.
Per CryptoQuant data, stablecoin liquidity had expanded to a record $169 billion by late September.
All of this at a time when the delayed bullish impact of the April BTC halving is expected to start affecting the market.
Risks are tilted towards a price rally into the end of October, assuming a full-blown Israel/Iran war doesn’t break out, which remains a major near-term risk.
But even if October isn’t that strong, November and December could be very big for Bitcoin.
New all-time highs could soon be on the cards.
Some investors will be looking for cryptos with higher upside potential.
Here are some strong performing altcoins that might also be candidates for best crypto to buy now.
Best Crypto to Buy Now – Which Are They?
The best-performing top 100 cryptocurrency on Tuesday is sports fan token protocol Chiliz (CHZ), which has surged 14.5% in the past 24 hours, per CoinMarketCap.
The hype surrounding an airdrop of new crypto PEPPER, which will only be distributed to CHZ holders, could drive new interest in the token.
And CHZ technicals are looking very strong. The token was last in the $0.077s and a strong uptrend since breaking above its 50DMA in mid-September.
In the coming days, resistance in the $0.085 area will be retested, as will a possible retest of the 200DMA in the $0.090 area.
Dogecoin (DOGE) and Uniswap (UNI) are the next two best-performing tokens in the top 100.
According to CoinMarketCap, both coins have risen by 2-3% in the past 24 hours, with UNI lasting around $7.28 and DOGE just under $0.11.
Both are sat comfortably above their 50DMA. The Dogecoin bulls are eyeing a return to recent highs and the 200DMA in the $0.13s.
UNI, meanwhile, is eyeing a retest of recent highs in the $7.80s, and its 200DMA is just above $8.0.
Both are strong candidates for the best crypto to buy now as respective leaders in their crypto sectors.
Alternatively, investors looking for higher upside potential might want to check out Cryptonews.com’s list of high-potential presales.
Presales are a great way to get into a new crypto before it trends and experiences major price appreciation.
Of course, presales are risky, and investors must do their own research and not risk more than they can afford to lose.
But skilled presale investors routinely take home 10-20x gains.
Here are Cryptonews.com’s top 16 picks.
16 Best Crypto Presales to Invest In Now
The post Best Crypto to Buy Now October 9 – Chiliz, Dogecoin, Uniswap appeared first on Cryptonews.
This articles is written by : Fady Askharoun Samy Askharoun
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