Best Crypto to Buy Now September 11 – Internet Computer, Aave, Bittensor
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...
As major cryptocurrencies struggle in wake of last night’s US Presidential debate that saw Democrat nominee Kamala Harris seemingly claim victory, and in wake of the latest US inflation numbers that have been interpreted as solidifying the chances of a 25bps rate cut from the Fed next week, investors are asking what might be the best crypto to buy today.
The US CPI report is in line with the consensus forecasts with an important exception — hotter monthly core inflation (0.3% versus 0.2%).
Given the extreme degree of "data point dependency" in the marketplace, immediate asset price reactions include higher rates and lower stock…
Bitcoin (BTC), Ethereum (ETH), BNB (BNB) and Solana (SOL) were all flat/relatively little changed on the session.
BTC dipped as low as the mid-$55,000s on Wednesday, but was last trading around $57,000, clinging on to weekly gains of around 4%.
Most of these major cryptos remain at or close to multi-month range lows.
For dip buyers then, any of these major coins might be the best crypto to buy now.
But some smaller and lesser-known altcoins might be a better bet.
If the market does rebound back towards range highs, some smaller and lesser-known altcoins might significantly outperform the likes of BTC.
Here are some strong performers on Wednesday that might be the best crypto to buy now.
Up 9% in the past 24 hours per CoinMarketCap, Internet Computer (ICP) is the best performer in the top 100 cryptos by market cap.
ICP, last at $8.72, probed its late August highs around $9 on Tuesday and Wednesday.
A break
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