Top Cryptocurrencies to Consider Buying in October – Sui, Goatsues Maximus, Popcat
With Bitcoin (BTC) experiencing a surge and approaching its record high of nearly $74,000, investors are eagerly searching for the best cryptocurrency to invest in, especially if a new bull market is on the horizon.
Bitcoin reached the mid-$73,000s recently, coming very close to reaching its all-time high. Although it has dropped to around $72,000, the bullish sentiment remains strong, and experts believe it could potentially reach $100,000.
Considering the upcoming US presidential election, it seems that the odds are in favor of former President Donald Trump, who has been supportive of cryptocurrencies. Additionally, there is a strong possibility of a Republican sweep in Congress, which could lead to the passing of digital asset legislation, providing much-needed clarity to the industry.
The overall macroeconomic environment is also positive, with the Federal Reserve cutting interest rates to stimulate growth and the US economy displaying resilience. These factors could further improve under a future Trump administration.
Bitcoin’s cycle and chart analysis also indicate a bullish outlook. It has been six months since the BTC halving in April, which historically leads to a surge in BTC prices. Moreover, Bitcoin has broken out of a flag consolidation pattern that has been in place since March, and its 14-day Relative Strength Index (RSI) recently reached the “overbought” level, both of which are considered buy signals.
If Bitcoin manages to break its all-time high, it could potentially experience a rapid increase, with $100,000 within reach by the end of the year. The possibility of a 40% gain from current levels makes BTC a strong contender for the best cryptocurrency to invest in.
However, experienced cryptocurrency investors are also exploring options in the altcoin market, as they are looking for even greater potential gains. Here are some altcoins that have been performing well and could be worth considering:
Sui (SUI):
Sui has been one of the best performers in the past two months, with its smart-contract-enabled layer-1 blockchain experiencing a remarkable rally of over 4 times from its August lows. Currently trading just above $2.0, SUI has seen a 17.5% increase in the last 24 hours and may soon retest its recent highs in the $2.30s. The surge in SUI’s value can be attributed to the increasing on-chain activity, and if it continues to establish itself as a leading layer-1 blockchain, its market cap could potentially increase by 5 times, reaching around $100 billion.
Goatseus Maximus (GOAT):
Goatseus Maximus is a meme coin that has gained significant attention due to its unique story. Created by an AI influencer called @terminal_of_truth, GOAT has seen a 14% increase in the last 24 hours, reaching $0.665 per CoinMarketCap. With a market cap of around $665 million, GOAT’s popularity in the meme coin world could potentially make it a household name, making it an interesting choice for investors.
Popcat (POPCAT):
Popcat, a cat-themed Solana meme coin, has also shown promising growth, with a 15% increase in the last 24 hours, reaching $1.74. Since its lows in August, Popcat has rallied by nearly 600%, but there may still be room for further growth considering its current market cap of only around $1.7 billion. Both GOAT and Popcat have the potential for a 10x return, but for investors seeking larger gains in the range of 50-100x, they may need to explore lesser-known cryptocurrencies before they become mainstream.
To achieve gains of this magnitude, investors can consider participating in cryptocurrency presales. These presales offer the opportunity to invest in high-potential projects at their earliest stages. Analysts at cryptonews.com constantly search for the next big cryptocurrency that is likely to explode. Here are some of their top recommendations for presales that could be the best cryptocurrencies to invest in right now.
17 Best Crypto Presales to Consider Investing in Now