Best Crypto to Buy Now September 12 – Sui, BinaryX, Popcat
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...
Major crypto prices are crawling higher on Thursday as investors mull the prospect of the start of a new Fed interest rate cutting cycle next week, with crypto traders scouring altcoin markets for the best crypto to buy now for near-term outperformance.
Bitcoin (BTC) hit fresh highs for the week on Thursday above $58,000, a more than 11% rebound from last week’s lows.
But the world’s largest cryptocurrency by market cap remains locked well within recent ranges, as do most over major cryptos.
And technicals aren’t exactly painting a bullish picture, with Bitcoin still trapped way below its major moving averages.
For long-term investors, Bitcoin certainly remains a leading option for the best crypto to buy now.
It remains the most well-known, most decentralized, most trusted crypt in the world and will remain at the forefront of global crypto adoption.
That said, risks related to the upcoming US election and the US economy potentially tilting to recession mean that near-term volatility could remain high.
Investors might be better served by selecting altcoins with strong bullish momentum.
Here are some top performers on Thursday that might be the best crypto to buy now.
Layer-1 blockchain protocol Sui (SUI) is leading the altcoin market on Thursday, rallying 15% in 24 hours per CoinMarketCap.
The crypto’s outperformance comes in wake of Grayscale launching its Sui Trust for accredited investors.
Grayscale Sui Trust is open to eligible accredited investors seeking exposure to $SUI, a third-generation blockchain designed to help address
Read more on cryptonews.com
