Bitcoin (BTC) nearly touched $70,000 early Monday before sliding to $67,000, prompting investors to search for the best crypto to buy now as the market reacts to the dip.
As other major cryptocurrencies also slip, market participants are on the lookout for opportunities to take advantage of this pullback.
Amid the broader market movements, US Presidential Candidate Donald Trump continues to extend his lead in the betting odds over Democrat rival Kamala Harris.
Trump's odds continue to rise.
He's now 24% ahead with 15 days to go. pic.twitter.com/PnadLjQxWA— Polymarket (@Polymarket) October 21, 2024
Bitcoin dips are likely to attract continued buying interest as Donald Trump, considered more “pro-crypto” than his rival, extends his lead in the betting odds.
A Trump victory could send BTC to record highs next month, and potential Fed rate cuts might propel it toward $100,000 by year’s end.
This positions Bitcoin as a strong option among the best crypto to buy now.
However, some investors may prefer to gain exposure to higher beta, riskier altcoins that could outperform Bitcoin in a bullish market environment.
Below are some standout altcoins that may be considered the best crypto to buy now.
Best Crypto to Buy Now – These Altcoins?
ApeCoin (APE)
ApeCoin (APE) is enjoying a sudden resurgence in hype following the launch of its blockchain, ApeChain.
Looks boring.@beeple ON APECHAIN https://t.co/u8ottxzAHk
— ApeCoin (@apecoin) October 21, 2024
The new ApeChain blockchain drastically expands APE’s utility and offers APE holders an enhanced way to earn and compound yield through staking.
Unsurprisingly, its price doubled over the weekend, surging from the $0.70s to the $1.50 range.
ApeCoin (APE) could soon retest its yearly highs near $2.67, positioning it as a top contender among the best crypto to buy now.
Jupiter (JUP)
Leading Solana DEX Jupiter (JUP) is another strong performer, benefiting from a rally in Solana (SOL) and its ecosystem tokens over the weekend.
JUP saw a 3% increase in the last 24 hours, bringing its market cap back to around $1.28 billion.
Jupiter recently broke above its 200-day moving average, opening the door for a potential push toward yearly highs near $2.0.
This opens the door for potential 2x gains for JUP, reinforcing its position among the best crypto to buy now.
Cat in a dogs world (MEW)
Elsewhere, fun Ethereum-based meme coin Cat in a Dog’s World (MEW) is another strong performer on Monday. MEW hit a new record high above $0.010 per coin before dropping back under $0.009.
Despite the pullback, MEW’s strong uptrend since September remains intact.
With a current market cap of around $800 million, MEW could soon become the next $1 billion meme coin.
It could potentially achieve 3-5x gains during this bull market, though smaller, lesser-known meme coins could see even larger increases.
For those looking to explore higher-risk, higher-reward projects, Cryptonews.com offers a comprehensive list of the best new meme coin presales to consider.
21 Best New Meme Coins to Buy in October 2024
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