Best Crypto to Buy Now September 17 – ImmutableX, Celestia, 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...
On the eve of the first US Federal Reserve interest rate cut since 2020, major crypto prices are pushing up, and investors are weighing up what crypto might be the best to buy right now.
Bitcoin (BTC) last traded around $61,000, having seen strong gains during US trade.
Per CoinMarketCap, BTC was last up nearly 5% on the day.
Despite bouncing 16% from earlier monthly lows, Bitcoin remains a strong candidate for the best crypto to buy now.
The Fed easing cycle of 2020 was a key driver of the late 2020/2021 bull market.
The upcoming Fed easing cycle coincides nicely with the delayed bullish impact of the quadrennial halving event and the US Presidential election.
Both of these could also be major tailwinds for BTC, propelling above $100,000 in 2025.
That could mean more than 60% gains for BTC in the coming quarters. Very impressive stuff.
However, smaller and lesser-known altcoins with a higher beta-to-crypto market risk appetite could significantly outstrip these projected BTC gains.
So, investors with a higher risk tolerance will scour altcoin markets as they hunt for the best crypto to buy now.
Here are some strong performers they will be looking at.
GameFi platform Immutable X (IMX) leads the alt-coin market higher on Tuesday, rising 15% in 24 hours to claim $1.41 per CoinMarketCap.
Given the positive technical developments, the altcoin could be one of the best cryptos to buy now.
IMX has been struggling to break above its 50DMA for months.
But its latest push higher could mark a clean break above this key resistance level.
That
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