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...
As Bitcoin (BTC) seems to be stuck near its 200DMA, traders are turning to the altcoin markets to find the best crypto to buy now.
While Bitcoin could soon pop higher amid optimism about a Fed-led global central bank easing cycle, altcoin season could also be back.
If the previous cycle is going to be similar to this one, #Altcoin season should start in the next 50 days… pic.twitter.com/FRpvhrbSXC
Blockchaincenter.net’s altcoin season index remains low at just 31.
A score below 25 means its Bitcoin season and a score above 75 means altcoin season.
But the index is showing signs of picking up since its June, July and August lows under 20.
October is typically a strong month for Bitcoin, but could bring further outperformance for major altcoins.
Indeed, if Bitcoin were to breakout to fresh record highs next month and head towards $100,000 before the year’s end as US election uncertainty and the delayed bullish impact of the BTC halving comes in, this could be the catalyst for a surge in risk-taking that could see altcoins outperform.
Its no wonder then that traders looking to get ahead of the curve are busily scouring altcoin markets for the best crypto to buy now.
Here are some strong performers on Wednesday that could be strong candidates for best crypto to buy now.
According to CoinMarketCap, layer-1 blockchain protocol Sei (SEI), cat-themed Solana meme coinPopcat (POPCAT) and Telegram-based tap-to-earn game Notcoin (NOT) are the top crypto performers today, gaining 24%, 13% and 10% respectively in the past 24 hours.
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