As Bitcoin (BTC) seems to be stuck near its 200DMA, traders are turning to the altcoin markets to find the best crypto to buy now.
While Bitcoin could soon pop higher amid optimism about a Fed-led global central bank easing cycle, altcoin season could also be back.
If the previous cycle is going to be similar to this one, #Altcoin season should start in the next 50 days… pic.twitter.com/FRpvhrbSXC
— Crypto Rover (@rovercrc) September 22, 2024
Blockchaincenter.net’s altcoin season index remains low at just 31.
A score below 25 means its Bitcoin season and a score above 75 means altcoin season.
But the index is showing signs of picking up since its June, July and August lows under 20.
October is typically a strong month for Bitcoin, but could bring further outperformance for major altcoins.
Indeed, if Bitcoin were to breakout to fresh record highs next month and head towards $100,000 before the year’s end as US election uncertainty and the delayed bullish impact of the BTC halving comes in, this could be the catalyst for a surge in risk-taking that could see altcoins outperform.
Its no wonder then that traders looking to get ahead of the curve are busily scouring altcoin markets for the best crypto to buy now.
Here are some strong performers on Wednesday that could be strong candidates for best crypto to buy now.
Best Crypto to Buy Now – Which Are They?
According to CoinMarketCap, layer-1 blockchain protocol Sei (SEI), cat-themed Solana meme coinPopcat (POPCAT) and Telegram-based tap-to-earn game Notcoin (NOT) are the top crypto performers today, gaining 24%, 13% and 10% respectively in the past 24 hours.
After blasting above key resistance at $0.42 on Tuesday, SEI is testing its 200DMA.
For now, the sellers are keeping its price under this key moving average.
But SEI’s momentum has been strong since breaking a multi-month downtrend last week.
It might just be a matter of time before SEI blasts past its 200DMA, opening the door to a swift rally back to yearly highs in the $1.10s.
Given the prospect of quick near 3x gains, SEI could easily rank as the best crypto to buy now.
POPCAT, meanwhile, just hit fresh all-time highs above $1.0, becoming the latest $1 meme coin.
Bullish technicals suggest POPCAT could be on the verge of a swift 3x surge.
That’s because the price had been trapped below $1 for months, but had also consistently been posting higher lows, suggesting a price squeeze.
These price squeezes tend to form ahead of major bullish breakouts.
Popcat could this easily rank as the best crypto to buy now, or at least the best meme coin, given its small market cap of around $1 billion leaves plenty of room for growth.
However, for meme coin investors looking to bag bigger than 3x gains, meme coin presales might be a better option.
Meme coin presale offer investors a chance to get into a highly promising project before it goes viral and at a favorable market cap.
Readers who are interested to learn more should check out Cryptonews.com’s list of the best meme coin presales to buy right now.
19 Best Meme Coin Presales to Invest In Now
Finally, the final candidate for best crypto to buy now on this list is Notcoin, which has been pumping hard.
However, NOT is yet to break above its 50DMA, and is only about 17% up from its recent triple bottom low.
That suggests its still early for investors to get back in to the crypto, if you think its going to enjoy a large pump.
As a leading TON blockchain-based game, a surge in risk appetite would likely mean outperformance for NOT.
The post Best Crypto to Buy Now September 25 – Sei, Popcat, Notcoin appeared first on Cryptonews.