Major cryptocurrencies are experiencing volatile but generally positive trading conditions as investors look to identify the best crypto to buy now, anticipating a significant surge in the latter half of October.
Former US President and Republican Presidential nominee Donald Trump is leading in swing state polls and betting markets ahead of the November election.
As expectations for a Trump victory rise, the “Trump trade” is gaining momentum, with Bitcoin (BTC) approaching $68,000 before retreating slightly to just under $67,000. October has historically been a strong month for Bitcoin and other major cryptocurrencies, with most gains occurring in the second half. Bitcoin’s momentum could continue, potentially driving it back to all-time highs in time for the US election.
This environment makes Bitcoin a strong contender for the best crypto to invest in now. However, highly risk-tolerant crypto investors might seek greater returns by exploring high-beta options. Some altcoins could be the best choices for these investors.
**Best Cryptos to Buy Now**
**Cat in a Dogs World (MEW)**
A fun Solana meme coin called Cat in a Dogs World (MEW) is among the top gainers on Tuesday.
According to CoinMarketCap, this meme coin has surged 16% in the past 24 hours and is testing resistance around $0.0090. MEW’s technical indicators look promising, with a pattern of higher lows indicating an impending upside breakout. Its market cap is just under $800 million, but it could soon become the next billion-dollar meme coin, making it a strong candidate for the best crypto to buy now.
**Hedera (HBAR)**
Hedera (HBAR), a public, open-source, decentralized dApp-focused blockchain network, is also showing strong momentum on Tuesday. HBAR has increased by 6% on the day, reaching the $0.056 range, having recently moved above its 50-day moving average. If it breaks out of its current range, a swift rally back to April highs in the $0.018 area is possible, positioning it as another strong contender for the best crypto to buy now.
**Fantom (FTM)**
Another promising layer-1 blockchain protocol, Fantom (FTM), is among the best performers on Tuesday. FTM has risen by 7% daily, according to CoinMarketCap, reaching its highest level since June, near $0.80. As one of the highest beta layer-1 protocols, Fantom could quickly return to yearly highs above $1.20 if a new crypto bull run emerges.
Traders looking for the best crypto to buy now should consider more than just the major altcoins mentioned above. Those with a high-risk tolerance might also explore crypto presales, which can offer 20-50x opportunities. However, presales carry risks, as they depend on the team’s ability to deliver and the project’s market traction. Investors should conduct thorough due diligence before investing. We suggest a list of top presales to explore this October.
**Twitter Text**
Trump’s lead just set another record high against Harris.
Trump 🟥 • 57.7% chance
Harris 🟦 • 41.9% chance
— Polymarket, October 15, 2024
It’s a dogs world… but times are changing… i am a cat :3
📍🐕🌎✨
— MEW, October 14, 2024
