Bitcoin reached a new all-time high of $76,658 on Thursday, propelled by a massive $130 billion increase in trading activity. This surge followed the Federal Reserve’s decision to lower interest rates by 25 basis points, bolstering investor confidence amid prevailing economic anxieties.
Donald Trump’s presidential win further amplified the rally, reigniting substantial interest in Bitcoin from both retail and institutional investors.
The Federal Reserve’s decision to implement a 25-basis-point rate cut provided a much-needed boost to market sentiment. In a climate of economic uncertainty, this move was interpreted as a positive signal, encouraging investors to seek alternative assets like Bitcoin.
The performance of BlackRock’s Bitcoin Exchange-Traded Fund (ETF) further evidences Bitcoin’s growing appeal.
The ETF reported a record single-day trading volume of $4.1 billion, a clear indication of the increasing institutional appetite for cryptocurrency investments.
The convergence of these factors—the Fed’s rate cut, Trump’s victory, and the surge in institutional investment—has created a unique environment for Bitcoin, suggesting a potential long-term bullish trend for the digital asset.
This surge in institutional activity further solidifies Bitcoin’s position as a prominent asset class, prompting investors to consider which is the best crypto to buy now.
Popcat ($POPCAT)
Beyond Bitcoin, another cryptocurrency attracting attention is Popcat, a popular meme coin based on the Solana blockchain. Currently boasting a market capitalization of $1.53 billion, Popcat has demonstrated resilience in the volatile cryptocurrency market. A recent announcement by Binance has further propelled Popcat into the spotlight.
On November 5, Binance revealed the addition of Popcat USD-Margined perpetual contracts to its futures copy trading platform. This development allows users to trade POPCATUSDT on the copy trading platform, increasing accessibility and potentially driving further demand for the meme coin.
Following Binance’s announcement, Popcat’s price experienced a massive surge. While currently undergoing a minor correction, with a 2.24% dip to $1.57, according to Dexscreener data, Popcat’s overall trajectory looks positive.
The recent price action and its growing market capitalization position Popcat as a potential contender among the best crypto to buy now.
Raydium ($RAY)
Raydium (RAY), the native token of the Raydium decentralized exchange (DEX) built on the Solana blockchain, quietly reached an important milestone. The token achieved a new two-year high, outperforming even Bitcoin’s recent surge. RAY’s impressive price action, particularly over the past two months, has generated substantial returns for investors seeking the best crypto to buy now.
RAY’s rally began with a period of accumulation in September when the token traded as low as $1.35. However, by October, the bullish momentum became undeniable. Within the last 24 hours, RAY’s price soared to $5.06, marking a stunning 276% increase from its September lows. At the time of writing, according to Dexscreener, RAY is trading at $4.62.
Despite these impressive gains, RAY still has considerable potential for further appreciation. The token’s all-time high of $17.80, reached in August 2021, continues to be an important target for bullish investors.
This substantial upside potential reinforces RAY’s position as a strong contender among the best crypto to buy now.
Pepe Coin ($PEPE)
Another contender for the title of best crypto to buy now is the Ethereum meme coin Pepe Coin (PEPE), which has experienced a massive surge following Donald Trump’s decisive presidential election victory. Robinhood’s expanded support for the coin adds to its positive momentum.
Robinhood recently introduced PEPE to its European platform, coupled with a 1% deposit bonus to incentivize trading activity.
pic.twitter.com/2c2KDjaUDJ
— Pepe (@pepecoineth) October 25, 2024
Currently priced at $0.000011, PEPE’s price has increased 13% over the past 24 hours, reaching $4.6 billion in market capitalization.
Despite these impressive gains, PEPE’s market cap is approximately 20% below its late September highs and around 45% below its 2024 peak.
The coin’s recent performance, coupled with the Robinhood listing, makes PEPE one of the best cryptos to buy now.
Crypto All-Stars ($STARS)
While platforms like Dexscreener offer valuable tools for identifying potential investment opportunities, another avenue gaining traction is the crypto presale market.
One project currently grabbing the attention of investors in this space is Crypto All-Stars ($STARS). The project has generated over $3 million in its presale, coinciding with a period of significant market activity.
Crypto All-Stars is launching a meme coin staking platform called MemeVault. This platform seeks to capitalize on the growing popularity of meme coins, which have collectively reached a substantial market capitalization.
MemeVault will allow users to stake various top meme coins within a single protocol, simplifying the process of earning passive rewards.
The native token of the Crypto All-Stars ecosystem, $STARS, plays an important role in maximizing staking rewards on MemeVault. Currently available at a presale price of $0.0015494 per token, the price will increase to $0.0015556 shortly as the next presale phase commences.
Rather than using various protocols, investors can consolidate their assets and earn passive income through a single interface. $STARS holders can further amplify their returns, potentially boosting rewards up to threefold.
Beyond its utility within the MemeVault ecosystem, $STARS also offers its own independent staking protocol. This protocol currently boasts a 505% annual percentage yield (APY), allowing investors to grow their holdings greatly.
A considerable portion of the $STARS tokens purchased during the presale, approximately 1.4 billion or 72%, have already been staked, indicating strong investor interest in the project.
To further enhance accessibility, users can acquire $STARS tokens using established meme coins like $FLOKI, Shiba Inu ($SHIB), Dogecoin ($DOGE), and Pepe ($PEPE) through the platform’s integrated widget.
Crypto All-Stars has prioritized security, with its smart contract undergoing audits by Coinsult and SolidProof to ensure code integrity.
For further information and community engagement, join the Crypto All-Stars channels on Telegram and X.
The post Best Crypto to Buy Now November 7 – Popcat, Raydium, Pepe appeared first on Cryptonews.