As major cryptocurrencies continued to rally on Tuesday ahead of the US Presidential debate, investors are scouring altcoin markets as they hunt for the best crypto to buy now.
Bitcoin (BTC) was last up around 1.0% in the past 24 hours in the mid-$57,000s, up nearly 10% from last week’s mid-$52,000 lows.
Ethereum (ETH), Solana (SOL), BNB (BNB) and other major altcoins were mostly up over the same time period, CoinMarketCap data shows.
Crypto bulls will be hoping that Republican Presidential nominee Donald Trump puts in a good performance at tonight’s debate.
Presidential debate tonight , huge day for annoying people
— BASED SAVAGE (@crackcobain__) September 10, 2024
That’s because he has come out as ardently pro-crypto in recent months, while the Democrats remain associated with anti-crypto policies.
US Consumer Price Index (CPI) inflation data on Wednesday is then expected to show that price pressures continue to ease.
Headline CPI is primed for a ‘low’ +0.2% M/M reading.
– We expect rental inflation to play a particularly big role.
– ~32bp of Fed cuts priced for this month, ~110bp of cuts priced through Dec.
– Get briefed via the @MNIMarketNews previewhttps://t.co/YVfTxN4RLD pic.twitter.com/aGHhoeScy4
— Anthony Barton (@ABartonMacro) September 10, 2024
These two catalysts could provide the impetus for BTC to rally back above $60,000 and test its 50DMA.
But investors looking to book quick gains might do better by selecting smaller, lesser-known altcoins with strong momentum.
Here are some candidates for the best crypto to buy now.
Could These Altcoins Be the Best Crypto to Buy Now?
Decentralized computing network Internet Computer (ICP) is up 12% in the past 24 hours, per CoinMarketCap.
ICP, last in the $8.0s, punched through its 50DMA on Tuesday and challenged its late August highs near $9.0.
Importantly, the recent price rise has seen ICP break out of a downtrend since March.
A retest of the support-turned-resistance around $11 and then the yearly highs above $20 could be next.
The prospect of a quick 2x rally means ICP could be the best crypto to by now.
Artificial Intelligence Alliance (FET) is another candidate for best crypto to buy today.
FET was last up just short of 9.5% in the $1.33 area, with the ASI teasing an upcoming announcement on X.
— Artificial Superintelligence Alliance (@ASI_Alliance) September 10, 2024
FET technicals are also looking strong. FET recently bounced from its 50DMA, following a recent break above a downtrend from the May highs.
A quick more than 2x rally back to March highs in the $3.5 area could be on the cards.
The final strong-performance altcoin on today’s list is Bitcoin SV (BSV), a 2018 fork of the original Bitcoin blockchain.
BSV was last up 9% in 24 hours at $50.59, per CoinMarketCap.
BSV is making strong progress towards retesting the top of its multi-month $32.70-$56.5 range.
A break above here could open the door towards a retest of yearly highs above $120.
With BSV also potentially above to 2x, its another strong candidate for best crypto to buy now.
Analysts looking for the best crypto to buy now might also want to consider getting involved in crypto presales.
Presales allow investors to get into high-potential crypto projects early and at highly discounted valuations.
They are high risk than the above-mentioned coins. But they also have much higher appreciation potential.
Analysts at Cryptonews.com keep a close eye on the presale market, and here are some of their top picks right now.
19 Best Crypto Presales to Invest In Now
The post Best Crypto to Buy Now September 10 – ICP, FET, BSV appeared first on Cryptonews.