Best Crypto to Buy Now September 19 – Popcat, Sei, Core
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...
One day after the Fed initiated a new easing cycle with a 50bps rate cut, optimism about easing liquidity conditions has handed the crypto bulls the upper hand, with investors busily searching for the best crypto to buy now.
Pilot on my flight home just announced the Fed cut rates by 0.50%. Everyone started cheering and the guy next to me said he’s going to buy a rental property in Florida. We are so back!
Bitcoin (BTC) is leading the charge, up over 5% in the past 24 hours to the mid-$63,000s.
But other major cryptos are performing just as well, if not better.
Ethereum (ETH) was last up 6.5% in 24 hours and is getting close to a retest of $2,500.
Solana (SOL) and BNB (BNB), meanwhile, both posted gains of 4-9% on the day.
Markets appear to be in the early stages of pricing in a Goldilocks situation where the US economy continues growing at a decent rate. Still, the Fed eases interest rates and financial conditions.
If the US data supports this thesis (i.e., there is no US recession), then the current pro-risk trade could extend for some time.
October is normally a good month for crypto.
Once the US Presidential election uncertainty clears up in November, a “Santa Rally” could occur.
Bitcoin could hit $100k by the end of the year and extend well above in 2025.
For investors new to crypto, it remains a strong candidate for the best crypto to buy now.
But more daring investors may want to consider getting involved in smaller, lesser-known, but high-potential altcoins.
Here are a few strong performers on Thursday that might also be the
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