On the cusp of the first US Federal Reserve interest rate cut since 2020, major crypto prices are on the rise, prompting investors to consider the best crypto to buy at the moment. Bitcoin (BTC) is currently trading around $61,000, showing strong gains in US trade. Despite bouncing back from earlier monthly lows, Bitcoin remains a strong contender for the best crypto to buy now. The upcoming Fed easing cycle, combined with the quadrennial halving event and the US Presidential election, could act as major catalysts for BTC, potentially pushing it above $100,000 in 2025, representing over 60% gains in the coming quarters. However, investors with a higher risk appetite may explore smaller, lesser-known altcoins with a higher beta-to-crypto market risk for potential higher returns.
One of the leading performers in the altcoin market is the GameFi platform Immutable X (IMX), which has seen a 15% increase in 24 hours to reach $1.41 according to CoinMarketCap. With positive technical developments, IMX has the potential to be one of the best cryptos to buy now. Another promising altcoin is the layer-1 blockchain protocol Celestia (TIA), which has surged 13% in 24 hours and is currently priced at $5.15, indicating a breakout from a multi-month downtrend. While TIA has room for growth with a market cap just over $1 billion, its fully diluted market cap of over $5.5 billion could limit its future growth prospects. Finally, the decentralized machine learning network Bittensor (TAO) has also shown strong performance, rising over 10% to $320 and bouncing from its 50DMA, suggesting a potential rally to the $360s in the short term.
While these coins may be considered some of the best crypto to buy now, traders seeking gains exceeding 5-10x may need to look into smaller, newer, and lesser-known cryptos. Participating in crypto presales could be a viable strategy for staying ahead of the curve with high-potential crypto projects. Cryptonews.com closely monitors the presale market and highlights some favorite projects currently offering potential strong returns. However, it is essential to note that crypto is a high-risk asset class, and this article is for informational purposes only; it does not constitute investment advice, and there is a risk of losing all capital invested. It is crucial for investors to conduct thorough research and exercise caution when investing in cryptocurrencies.
