The crypto market saw a strong surge on Monday, with major tokens rallying and short positions facing significant pressure as investors raced to find the best crypto to buy now, driven by hopes that ‘Uptober’ is finally here.
Bitcoin (BTC) surged past $66,000 in US morning trade, marking a 5% gain for the day, according to TradingView, and leaving it 4% higher for the month so far.
Source: TradingView / BTCUSDHistorically, October has been Bitcoin’s strongest month, fueling expectations that the cryptocurrency could soon rally back to its all-time highs.
With some pro-crypto US Presidential candidates gaining traction ahead of the upcoming election, a more dovish approach from the Fed and other central banks, and optimism about Chinese economic stimulus, Bitcoin could have a shot at hitting $100,000 by the end of the year.
Bitcoin’s performance places it among the best crypto to buy now, given its potential for continued growth.
While some analysts believe Bitcoin could potentially deliver substantial gains over the next year, many experienced crypto investors are turning their attention to altcoins that could offer higher returns during this market cycle.
Here are some of the top-performing coins on Monday that could be considered the best crypto to buy now.
Top Cryptos to Watch Now: Bitcoin, Worldcoin, and Ethena
Worldcoin (WLD)
Worldcoin (WLD), a Sam Altman-backed project, had a strong performance on Monday, climbing 22% in the past 24 hours according to CoinMarketCap.
Its recent recovery from the 50-day moving average (50DMA) shows bullish momentum in the market.
Source: TradingView / WLDUSDWLD may soon surge back to its July highs in the $3.20 range, positioning it as a contender for the best crypto to buy now.
However, concerns about Worldcoin being a venture capital-heavy project with high inflation may limit its long-term potential.
Ethena (ENA)
Ethena (ENA), a yield-generating algorithmic stablecoin protocol, was also among the top performers on Monday, rising 22% in the past 24 hours according to CoinMarketCap.
The token is testing its late-September highs after bouncing strongly from its 50DMA.
Source: TradingView / ENAUSDA rapid rally from current levels around $0.42 to its April highs of $1.50 could be on the horizon, making Ethena another candidate for the best crypto to buy now.
However, investors interested in high-reward coins may also want to explore crypto presales.
Exploring Crypto Presales for High Growth Potential
Investors looking for early-stage opportunities may find crypto presales particularly appealing.
These offerings provide the chance to enter new projects at their inception, often at a discounted rate, positioning participants for potential gains as the projects develop.
Choosing the right presale project at this stage could lead to potential returns.
Below are some of the most promising presales currently available on the market.
15 Best Crypto Presales to Invest In Now
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