Top Cryptocurrencies to Consider Acquiring on October 29 – Sui, Goatsues Maximus, Popcat

As Bitcoin (BTC) surges upward and approaches a potential retest of its all-time high from March, nearly $74,000, investors are actively searching for the top cryptocurrencies to purchase in anticipation of a new bull market rally.

On Tuesday, Bitcoin peaked in the mid-$73,000s, coming very close to establishing new record highs.

It has since retraced to approximately $72,000, but bullish sentiment remains strong as conditions appear favorable for a renewed ascent toward $100,000.

Is BTC the Optimal Crypto to Acquire Now?

With the US presidential election approaching, former President Donald Trump, who is pro-crypto, is seen as having favorable odds, and markets are also indicating a significant likelihood of a Republican majority in Congress.

A Congress controlled by Republicans would likely enact legislation regarding digital assets, providing essential clarity to the sector.

This situation unfolds against a positive macroeconomic backdrop, with the Federal Reserve reducing interest rates to support growth, while the US economy shows resilience. It could further improve under a potential Trump administration.

Indicators from Bitcoin’s cycle and chart analysis reinforce the optimistic outlook. It has been six months since the BTC halving in April, a period historically associated with significant price increases.

Additionally, Bitcoin has emerged from a flag consolidation pattern that has been in effect since March, and its 14-day Relative Strength Index (RSI) has recently reached “overbought” levels, both serving as buy signals.

A breakthrough above previous all-time highs could pave the way for a rapid increase, with $100,000 being a possibility by the end of the year.

The potential for 40% gains from current prices positions BTC as a strong contender for the best cryptocurrency to buy now.

However, experienced crypto investors may seek greater upside potential and will be assessing their choices within the altcoin market.

Here are some notable performers from Tuesday that could be the best crypto to buy now.

Are These Altcoins the Optimal Crypto to Acquire Now?

Sui (SUI)

Sui (SUI) has emerged as a prominent performer over the past two months, with the innovative smart-contract-enabled layer-1 blockchain experiencing a remarkable increase of over 4x from its lows in August.

Currently priced just above $2.0, SUI has risen 17.5% in the last 24 hours, according to CoinMarketCap, and may soon revisit its recent highs in the $2.30s.

The recent surge in SUI has been fueled by increasing on-chain activity. According to DeFi Llama, its total value locked was approximately $1 billion, and as this figure grows, Sui could see even more substantial growth.

If it establishes itself as a leading layer-1 blockchain, which appears likely, SUI’s fully diluted market cap could easily increase from its current level of around $20 billion to approximately $100 billion.

This suggests it is a strong candidate for the best crypto to buy now.

Goatseus Maximus (GOAT)

Goatseus Maximus (GOAT), the meme coin central to one of the most captivating AI narratives of the year, is another notable performer on Tuesday.

GOAT was last reported up 14% in 24 hours to $0.665 per CoinMarketCap, giving it a market cap of around $665 million.

The meme coin was “manifested into existence” by an AI influencer on X named @terminal_of_truth earlier this year. The AI persistently discussed Goatseus Maximus until someone ultimately created the meme coin.

Its distinctive backstory indicates that GOAT could potentially become a well-known name in the meme coin space.

This positions it as a strong contender for the best crypto to buy now and the best meme coin.

Popcat (POPCAT)

In addition, the cat-themed Solana meme coin Popcat (POPCAT) is also a contender for the best crypto to buy now, having increased 15% in 24 hours to $1.74.

This marks a nearly 600% rise from its lows in August, but Popcat may have further room to grow given its current market cap of around $1.7 billion.

Both of the aforementioned meme coins possess 10x potential. However, some investors with a high-risk tolerance may be seeking even larger returns, potentially in the 50-100x range.

The only way to achieve such significant gains is to invest in relatively unknown cryptocurrencies before they gain mainstream attention.

Crypto presales provide an excellent opportunity for this, allowing investors to engage with a high-potential project at its inception.

Analysts at cryptonews.com are consistently searching for the next major cryptocurrency to rise. Here are some of their top presales that could represent the best crypto to buy right now.

17 Best Crypto Presales to Invest In Now

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