Investors Eyeing the Best crypto to Buy Now Ahead of Fed's Announcement
Just hours before the Federal Reserve's highly anticipated policy announcement, where a cut in interest rates is expected, investors are on the lookout for the best crypto to buy now to capitalize on potential quick gains. Major cryptocurrencies have shown resilience, with most trading slightly lower but remaining close to their weekly highs.
bitcoin (BTC), for instance, is currently hovering around the mid-$59,000 range after hitting $61,000 earlier this week. Other prominent cryptos like ethereum (ETH), BNB (BNB), and Solana (SOL) have experienced mild declines of 1-4% over the last 24 hours.
A Potential Tailwind for crypto
The possibility of eased financial and liquidity conditions in the United States, the world's largest economy, could serve as a substantial tailwind for the crypto market in the coming years. Factors such as the delayed bullish impact of the April BTC halving and the speculation surrounding a potential pro-crypto stance in a second Trump presidency may contribute to further gains into 2025.
With this backdrop, investors are evaluating their options to identify the best crypto to buy now, considering both established cryptocurrencies and emerging projects.
Consider These Altcoins for Potential Gains
While well-established cryptocurrencies offer stability and potential growth, some investors are exploring altcoin markets for additional opportunities. Among the lesser-known tokens gaining traction is Nervos Network (CKB), which has seen momentum following its listing on Upbit.
CKB, currently trading just above $0.017, has surged over 90% since last Wednesday, making it the top-performing crypto in the top 100 by market cap. Positive technical indicators and potential resistance breakout could propel CKB towards higher levels, presenting an attractive opportunity for investors seeking the best crypto to buy now.
On the other hand, Sui (SUI) stands out as a network demonstrating strong momentum, with a price surge of nearly 3x since its August lows. With increasing Total Value Locked (TVL), SUI's potential for growth remains robust, especially with the integration of USDC into the blockchain. Its current market cap and diluted value suggest significant upside potential, positioning it as a contender for the best crypto to buy now.
Fantom (FTM), another layer-1 blockchain, has shown bullish technical signals, with a consistent uptrend since August. Trading around $0.577, FTM's positive trajectory supported by technical indicators suggests the potential for significant gains in the short term, making it a compelling option for investors seeking quick returns.
Exploring meme coins for Short-term Opportunities
For investors interested in high-risk, high-reward assets, meme coins present an opportunity for substantial short-term gains. While these coins are highly speculative and volatile, catching them early before they trend can lead to significant profits.
Participating in meme coin presales is a strategic approach to potentially capitalize on the momentum of these assets. Analysts at Cryptonews.com have curated a list of the best meme coin presales currently available, offering investors insight into emerging opportunities in the crypto space.
As the crypto market continues to evolve and adapt to changing economic conditions, investors are actively seeking the best crypto to buy now to optimize their investment strategies and capitalize on emerging trends.
