Top Crypto Picks for October 29 – Sui, Goatsues Maximus, Popcat
With Bitcoin (BTC) surging and approaching its record highs, investors are searching for the best cryptocurrency to buy in anticipation of a new bull market. Bitcoin reached a high of nearly $73,000 on Tuesday, just shy of its previous record. Although it has since dropped to around $72,000, there is optimism that it could reach $100,000.
Given the upcoming US presidential election, the odds are in favor of pro-crypto ex-President Donald Trump, with markets predicting a Republican sweep in Congress. A Republican-controlled Congress would likely pass digital asset legislation, providing much-needed certainty to the industry. Additionally, the Federal Reserve cutting interest rates and the resilient US economy contribute to the positive macro backdrop, which could further improve under a future Trump administration.
Bitcoin’s cycle and chart analysis also support the bullish outlook. It has been six months since the BTC halving in April, a period historically associated with surges to new record highs. Moreover, Bitcoin has broken out of a flag consolidation pattern and its 14-day Relative Strength Index (RSI) has reached “overbought” levels, both signaling a buy opportunity. If Bitcoin breaks above its all-time highs, it could see a swift move higher, potentially reaching $100,000 by the end of the year. With the potential for 40% gains from current levels, BTC is a strong contender for the best cryptocurrency to buy now.
However, experienced crypto investors seeking greater upside potential may consider exploring options in the altcoin market. Here are some standout performers on Tuesday that could be the best cryptocurrencies to buy now.
Sui (SUI):
Sui has been one of the top performers in the past two months, with its smart-contract-enabled layer-1 blockchain experiencing a more than 4x rally from its August lows. Currently trading just above $2.0, SUI has seen a 17.5% increase in the past 24 hours and could soon test its recent highs in the $2.30s. Its growth has been fueled by surging on-chain activity, and if it becomes a leading layer-1 blockchain, SUI’s market cap could potentially increase by 5x, reaching around $100 billion. This makes it a strong contender for the best cryptocurrency to buy now.
Goatseus Maximus (GOAT):
GOAT, the meme coin that emerged from an AI influencer’s obsession, is another top performer. It has seen a 14% increase in the past 24 hours, reaching $0.665 per CoinMarketCap and a market cap of around $665 million. The unique story behind GOAT suggests it could become a prominent meme coin, making it a strong candidate for the best cryptocurrency to buy now.
Popcat (POPCAT):
Popcat, a cat-themed Solana meme coin, has also shown potential, with a 15% increase in the past 24 hours to $1.74. Since its August lows, it has rallied nearly 600%, but with a market cap of only around $1.7 billion, it could have more room to grow. Both GOAT and Popcat have the potential for 10x gains, but highly risk-tolerant investors may seek even larger gains in the 50-100x range.
For those looking for substantial gains, investing in crypto presales is a viable option. These presales offer the opportunity to invest in high-potential projects at their earliest stages. Analysts at cryptonews.com are constantly searching for the next big crypto to explode. Here are some of their favorite presales that could be the best cryptocurrencies to buy right now.
17 Best Crypto Presales to Invest In Now.