Major cryptocurrencies are staging a tentative comeback on Friday in wake of strong US economic data that has eased US recession fears, with investors looking for the best crypto to buy now to benefit from a potential rally into the month’s end.
Bitcoin (BTC) was last up over 2% in 24 hours to the $62,000 area, per CoinMarketCap.
Other major altcoins like Ethereum (ETH), BNB (BNB) and Solana (SOL) were up 1.5-3% over the same time period.
The latest strong US jobs report has boosted the likelihood that the US economy enjoys goldilocks conditions for the foreseeable future, where inflation and interest rates fall while the economy continues to grow.
That is, of course, a great macro backdrop for risk assets, hence the rise in crypto prices.
That said, most major coins remain substantially lower on the week as geopolitical risks hang over the market.
Israel is assumed to be readying a military response to Iran’s missile attack earlier this week.
And all-out war between the two countries could seriously disrupt a large portion of the global oil supply, a potential negative shock to the global economy.
So markets are likely to remain nervous, and major cryptos could easily dip back to recent lows.
Investors who believe that the long-term bull market remains intact might want to make use of the current dip to accumulate.
Bitcoin could surge 60% from current levels to above $100,000 in 2025.
But smaller, lesser-known altcoins with higher beta might see substantially great gains.
Here are some strong performers on Friday that might be the best crypto to buy now.
Best Crypto to Buy Now – Which Are They?
Popcat (POPCAT)
A good sign of a coin that is going to outperform is resilience at times of broader market turmoil, as seen this week.
One crypto that has been showing a lot of resilience is leading Solana meme coin Popcat (POPCAT).
POPCAT has surged to new record highs above $1.16 on Friday, after struggling at the $1 level for over one week.
That marks a breakout from a longer-term bullish ascending triangle pattern, that could signal significant further gains are in store for the meme coin.
POPCAT could easily double from current levels in the coming months, making it a strong candidate for best crypto to buy now.
Beam (BEAM)
GameFi-focused blockchain protocol Beam (BEAM), last at $0.017, is enjoying a strong bounce from its 50DMA at $0.015.
The strong bounce from the 50DMA is a good sign, as this moving average had previously acted as a strong area of resistance.
It suggests the bulls are in control of the market, and a quick 2x rebound back to recent highs in the $0.35 area is on the cards.
For those looking to gain exposure to a high-potential GameFi protocol, Beam may well be the best crypto to buy now.
BitTensor (TAO)
Decentralized machine learning protocol Bittensor (TAO) is another one of the best-performing coins on Friday.
Per CoinMarketCap, it was last trading with gains or around 15% in the past 24 hours in the $570s.
TAO bulls will be eyeing a near-term retest of recent highs in the $620 region.
As one of the leading AI crypto coins, BitTensor could be the best crypto to buy now for believers in the AI revolution.
But BitTensor has a bloated market cap of over $4.2 billion, and a fully diluted market cap of over $12 billion.
That reduces the prospect of further exponential gains from current levels.
And it also means that the TAO price could be substantially weighed in the coming years by TAO token releases, which could raise sell pressure.
Could These Presales Be The Best Crypto to Buy Now?
Investors looking for higher upside potential might want to consider presale investing.
Savvy presale investors frequently book profits of 10x or more if they are able to identify high-potential projects that go on to gain traction in the market.
Analysts at Cryptonews.com are always on the hunt for the next 10x play and the next best crypto to buy now.
They have compiled a list of their favorite presales right now that could be a good starting point for interested readers.
16 Best Crypto Presales to Invest In Now
The post Best Crypto to Buy Now October 4 – Popcat, Beam, BitTensor appeared first on Cryptonews.
