Best Cryptocurrencies to Buy Now (September 9) – Popcat, Fantom, Bittensor
Date: 2024-09-10 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
According to CoinMarketCap, Bitcoin (BTC) has gained around 2% in the last 24 hours to average around $55,000.
Other major cryptocurrencies like Ethereum (ETH), BNB (BNB), Solana (SOL), XRP (XRP), and Dogecoin (DOGE) have also gained 1-3% in the period.
The markets will be focused on the debate between Republican and Democratic presidential candidates Donald Trump and Kamala Harris on Tuesday this week.
Trump is seen as the more “pro-crypto” candidate, so traders will be watching the debate closely and how it will impact the election outlook.
Trump is currently a slight favorite to win the November election, according to Polymarket.
Wednesday’s U.S. CPI data could confirm the ongoing deflationary trend, giving the Fed the green light to cut interest rates.
Trump’s possible return to the presidency and lower interest rates could be big positives for major cryptocurrencies.
However, with recession risks rising in the U.S., risk appetite could remain subdued for a while.
So investors are wondering: which cryptocurrencies might be the best to buy now?
Which cryptocurrencies might be the best to buy now
The best performer among the top 100 cryptocurrencies on Monday was Solana’s new meme token Popcat (POP).
POPCAT is up about 12% in the last 24 hours to just below $0.58, according to CoinMarketCap.
However, the cryptocurrency could soon rise above $1.0. In recent weeks, a pennant structure has formed that could break out to the upside soon.
For those studying the meme token market, this could be the best cryptocurrency to buy now.
Another strong performer was the layer-1 protocol Fantom, which is up 11% in the last 24 hours to reach almost $0.44, according to CoinMarketCap.
With its bullish technicals, FTM could be one of the best cryptocurrencies to buy now.
The cryptocurrency recently broke out of a downtrend line and could move towards the $1.0 mark.
Lastly, decentralized AI network Bittensor (TAO) also found itself among the best cryptocurrencies today.
TAO is up 10% in the last 24 hours, but it may not be one of the best cryptocurrencies to buy now.
This is because its technical structure does not look too convincing.
TAO is just above $260, below its major moving averages and stuck within multi-month ranges.
Analysts looking for the best cryptocurrencies to buy now may also want to consider participating in crypto presales.
Presales allow investors to get in early on promising crypto projects at heavily discounted valuations.
