Top Crypto Performers Today – Sui, Helium, Bittensor

cryptonews.com:

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...

On a euphoric day in crypto markets, where most major coins posted big gains amid fading US recession, JPY currency and geopolitic risks, traders hunting for top crypto performers today were combing through the altcoin markets.

Bitcoin (BTC) and Ethereum (ETH) gained between 8 and 10% in the past 24 hours, per CoinMarketCap, nearing $60,000 and $2,600 respectively.

Better-than-expected US jobless claims data eased fears of rapid US labor market deterioration.

*US JOBLESS CLAIMS 233,000 IN AUG. 3 WEEK; EST. 240K pic.twitter.com/nyimIuqWsG

Major cryptos still face a risk of near-term headwinds. Crypto markets appear to still favor a Donald Trump victory in the upcoming US Presidential election.

But betting markets currently show Trump to be neck and neck versus sitting VP and presumptive Democrat Presidential nominee Kamala Harris.

JUST IN: For the first time, Kamala Harris and Donald Trump are tied on polymarket ! pic.twitter.com/OdAGiJlYSJ

So, while Wednesday has been a big day of gains in crypto, a continued rally is far from guaranteed.

However, if investors are skillfull, they might be able to select strong performing altcoins that can continue to outperform.

Here are some top crypto performers today they will be watching that could be the best crypto to buy now.

Innovative layer-1 blockchain Sui (SUI) is up over 25% in the past 24 hours, per CoinMarketCap, making it a top crypto performer today.

Its pump comes amid an announcement from major crypto asset management firm Grayscale that it has launched a new private