Top Cryptocurrencies to Consider Buying Now – Safe, ApeCoin, Bitcoin Cash
The majority of major cryptocurrencies faced challenges on Friday, experiencing modest declines over the past 24 hours. As a result, investors are now turning to altcoin markets in search of the best cryptocurrency to buy at the moment.
The upcoming US election is causing some uncertainty, which may limit price movements in the coming weeks. However, altcoins with compelling narratives could still perform well.
Here are some strong contenders for the best cryptocurrency to buy right now.
Which Cryptocurrencies Should You Consider Buying Now?
Safe (SAFE)
Safe (SAFE), a smart contract protocol focused on security and ownership, led the cryptocurrency market on Friday with a 20% increase in value over 24 hours, as reported by CoinMarketCap.
SAFE’s recent surge can be attributed to Binance listing a perpetual contract, indicating growing interest and liquidity in the token. With its commitment to enhancing security and usability across multiple blockchain networks, SAFE is a solid choice for the best cryptocurrency to buy now. Its recent partnerships and the significant volume processed by its smart accounts demonstrate strong adoption and utility in the DeFi space.
ApeCoin (APE)
ApeCoin (APE) also had a strong performance on Friday, surging by 18% in the past 24 hours according to CoinMarketCap.
APE is currently priced at $1.18 and is aiming to retest its recent highs in the $1.70s. The launch of ApeChain earlier this month significantly improved the ecosystem’s interoperability and utility through features like cross-chain bridges.
Additionally, APE staking on ApeChain activated the Automatic Yield Mode, allowing for enhanced passive income. The continuous efforts of ApeCoin, an affiliated project of the Bored Ape Yacht Club, to innovate, stay relevant, and expand its community indicate a positive long-term outlook for the project. APE could easily be considered the best cryptocurrency to buy now. However, meme enthusiasts might find even better returns by investing in newer and smaller meme coin projects.
Here are Cryptonews.com’s top picks for this month: 21 Best New Meme Coins to Buy in October 2024.
Is Bitcoin Cash (BCH) the Best Cryptocurrency to Buy Now?
Bitcoin Cash (BCH) is another strong contender for the best cryptocurrency to buy at the moment.
According to Crypto Chester, an analyst at Cryptonews.com, BCH is currently undervalued compared to Bitcoin, which has had an exceptional year. In the video below, he explains why BCH is on his radar as a cryptocurrency investment option.