Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
The crypto market saw a strong surge on Monday, with major tokens rallying and short positions facing significant pressure as investors raced to find the best crypto to buy now, driven by hopes that ‘Uptober’ is finally here.
Bitcoin (BTC) surged past $66,000 in US morning trade, marking a 5% gain for the day, according to TradingView, and leaving it 4% higher for the month so far.
Historically, October has been Bitcoin’s strongest month, fueling expectations that the cryptocurrency could soon rally back to its all-time highs.
With some pro-crypto US Presidential candidates gaining traction ahead of the upcoming election, a more dovish approach from the Fed and other central banks, and optimism about Chinese economic stimulus, Bitcoin could have a shot at hitting $100,000 by the end of the year.
BREAKING: Trump has taken the lead in Wisconsin. pic.twitter.com/ds3m7ANtNY
Bitcoin’s performance places it among the best crypto to buy now, given its potential for continued growth.
While some analysts believe Bitcoin could potentially deliver substantial gains over the next year, many experienced crypto investors are turning their attention to altcoins that could offer higher returns during this market cycle.
Here are some of the top-performing coins on Monday that could be considered the best crypto to buy now.
Worldcoin (WLD), a Sam Altman-backed project, had a strong performance on Monday, climbing 22% in the past 24 hours according to CoinMarketCap.
Its recent recovery from the 50-day moving average (50DMA) shows bullish momentum
Read more on cryptonews.com