Best Crypto to Buy Now September 20 – Sui, Bittensor, Aptos
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...
Two days after the Fed’s first rate cut since 2020, major cryptos are still trading with good momentum, and investors are weighing up the best crypto to buy now ahead of a potential October surge.
Bitcoin (BTC) slipped back under $63,000 and was slightly in the red in the past 24 hours, according to CoinMarketCap.
However, it remains close to weekly highs, and most other major cryptos, such as Ethereum (ETH) and Solana (SOL), are trading with gains on Friday.
Risk appetite has picked up substantially since the Fed kicked off its latest rate-cutting cycle with a super-sized 50bps cut.
The Fed just cut interest rates by 50 basis points.
Fire up the money printer too and we got a bull market on our hands.
That’s because optimism is building, and markets could enter a goldilocks period of continued US economic growth combined with Fed easing.
Upcoming US macroeconomic data releases will be of utmost importance, with strong US economic data set to support this feel-good narrative.
October is generally a bullish month in crypto, and traders are wondering which might be the best cryptos to buy now ahead of a potential surge.
Here are some strong performers on Friday that could be strong candidates.
The upcoming layer-1 blockchain protocol Sui (SUI) will lead the crypto market higher on Friday, with an 11% gain, per CoinMarketCap.
Last around $1.48, SUI went within a whisker of $1.60 earlier in the day.
SUI has been on a tear since breaking above key resistance in the $1.17 area.
Per DeFi Llama, Sui’s TVL just surged to a new record high
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