Crypto Bulls Dominate US Trading Session: Top Cryptos to Buy Now
On Wednesday, crypto bulls continued to dominate the US trading session, prompting many investors to consider the best cryptocurrencies to buy at the moment.
Bitcoin (BTC) surged to its highest level since late July, trading in the mid-$68,000 range with a gain of about 1.5%, according to CoinMarketCap.
Source: TradingView / BTCUSD
Market Surge Ahead of the US Election
The cryptocurrency market is currently rallying, especially with pro-crypto candidate Donald Trump leading the race for the upcoming November US election. Moreover, this rally is fueled by the Federal Reserve’s new interest rate easing cycle. Additionally, potential post-Bitcoin-halving tailwinds are creating favorable conditions for Bitcoin to challenge its previous record highs.
For new investors, Bitcoin remains one of the strongest contenders, given its robust near-term upside potential. On the other hand, seasoned investors may shift their attention toward high-beta altcoins, which offer the potential for even larger returns. Below are the top-performing cryptocurrencies that could be among the best to buy right now.
Best Cryptocurrencies to Buy Now
Dogecoin (DOGE)
Dogecoin (DOGE), the largest meme coin, has been leading the market with nearly a 10% gain, as reported by CoinMarketCap.
DOGE has surged back into the $0.12 range, positioning itself for a retest of its late-September highs and the 200-day moving average around $0.13.
Source: TradingView / DOGEUSD
Furthermore, Dogecoin is showing strong breakout potential, as trading volumes have exceeded $2.1 billion—the highest since early August, according to Yahoo Finance. Coinglass data indicates that DOGE’s open interest has risen to nearly $800 million, the highest level since June. With funding rates above 0.010%, the market seems to be overwhelmingly long.
Consequently, Dogecoin may be on the verge of returning to its year highs in the $0.20 range. Its potential for near-term 2x gains solidifies its position as one of the top cryptos to buy now.
For those looking for even higher returns, in the 10x-50x range, meme coin presales offer a chance to gain early access to projects with high growth potential. Cryptonews.com has a list of the best meme coin presales for those interested in exploring these opportunities.
Litecoin (LTC)
Litecoin (LTC), often referred to as the “silver to Bitcoin’s gold,” has experienced a 6% rise in the past 24 hours, bringing its price to around $70, according to CoinMarketCap.
Source: TradingView / LTCUSD
Additionally, Litecoin’s chart setup appears strong, having recently broken above a downtrend from the March highs. The coin has also held its position above the 50-day moving average, suggesting that bulls are currently in control. As a result, Litecoin could see a near-term pump back to its yearly highs, making it one of the best cryptos to buy now.
Bitcoin SV (BSV)
Bitcoin Satoshi Vision (BSV), a Bitcoin fork that claims to maintain Satoshi Nakamoto’s original vision, performed well on Tuesday.
At $51, BSV is approaching the upper bounds of its long-term range between $32 and $56.
Source: TradingView / LTCUSD
Moreover, this setup could lead to a 2.5x rally, potentially bringing BSV back to its yearly highs around $120. Therefore, BSV stands as a strong option for those looking to invest in top cryptocurrencies.
Crypto Presales: Unlocking Early Investment Opportunities
For investors seeking early-stage opportunities, crypto presales are an attractive option. These presales offer the chance to acquire tokens before their official launch, often at reduced prices. As these projects grow, early investors could see substantial gains.
By participating in these presales, investors can position themselves in promising projects that may experience significant development and adoption over time. Timing and careful selection are crucial, as choosing the right presale can yield impressive returns. Below are some of the top crypto presales currently available.
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