Top Cryptocurrencies to Consider Acquiring on September 18 – Nervos Network, Sui, Fantom

Just hours before the Federal Reserve’s most significant policy announcement in years, where a reduction in interest rates is anticipated for the first time since 2020, and a new cycle of policy easing is expected to be indicated, investors are seeking the optimal cryptocurrencies to purchase now for quick profits.

After experiencing notable gains on Tuesday, most major cryptocurrencies have dipped slightly on Wednesday but remain close to their weekly peaks.

This is true for Bitcoin (BTC), which was last trading in the mid-$59,000s, having reached $61,000 earlier this week.

As per CoinMarketCap, Ethereum (ETH), BNB (BNB), and Solana (SOL) have decreased by 1-4% over the last 24 hours.

A relaxation of financial and liquidity conditions in the largest economy globally could serve as a significant advantage for cryptocurrencies in the years ahead.

The delayed positive effects of the April BTC halving and the possibility of a pro-crypto second Trump presidency in the United States may also contribute to gains extending into 2025.

Bitcoin and the aforementioned cryptocurrencies could all emerge as significant beneficiaries.

For those aiming to increase their exposure to well-established cryptocurrencies, each of these options could be among the top cryptocurrencies to consider purchasing now.

Nonetheless, some investors in search of higher beta cryptocurrencies that may outperform are exploring the altcoin markets.

Here are some smaller and lesser-known tokens that could be considered among the best cryptocurrencies to buy now.

Best Crypto to Buy Now – Consider These Altcoins

Following its listing on Upbit last week, Nervos Network (CKB) has sustained strong bullish momentum.

#Upbit listed CKB token
CKB is up 70%+ after this news
It is also a top gainer on #Binance.
How many of you hold #CKB? pic.twitter.com/7G3WPELS2M

— Web3Ninjaa (@webthreeninjaaa) September 14, 2024

The cryptocurrency was up 8% in the last 24 hours, according to CoinMarketCap, making it the leading performer among the top 100 by market capitalization.

Last trading just above $0.017, CKB has risen over 90% since last Wednesday.

The Upbit listing has triggered the price increase, but favorable technical indicators have also played a role.

Last week, CKB broke above a significant downtrend that had been in effect since June.

If it can surpass resistance in the $0.020 range, a rally toward $0.038 could be feasible.

Four years post the Nervos Network’s main-net launch, it remains highly uncertain whether the network will achieve substantial adoption.

Investors seeking the best cryptocurrency to buy now may want to explore alternatives with stronger adoption momentum, even if they require purchasing at a higher valuation.

Sui (SUI) serves as a prime example of a network with better momentum, albeit at a higher valuation.

SUI is one of the few cryptocurrencies showing gains today, up 3% in the past 4 hours according to CoinMarketCap.

The cryptocurrency was last trading just above $1.18, aiming for a rise toward yearly highs in the $2.20 range.

SUI has nearly tripled compared to its August lows, driven by a surge in total locked value (TLV), which has increased by $400 million since early August to $780 million, according to DeFi Llama.

This increase in TLV could further accelerate with USDC integration into the blockchain, potentially boosting SUI’s gains.

1/ We’re excited to announce that native $USDC and Cross-Chain Transfer Protocol (#CCTP) are coming soon to @SuiNetwork!
Explore what native USDC and CCTP will mean for Sui.https://t.co/ctP3iAXcgL

— Circle (@circle) September 17, 2024

SUI’s market capitalization was last around $3.1 billion, with a fully diluted valuation closer to $12 billion.

If it manages to compete with layer-1 blockchain leaders such as Solana, Ethereum, and BNB, it could achieve 10x gains.

While it carries risks, the potential for significant upside suggests it could be the best cryptocurrency to buy now.

The final contender for the best cryptocurrency to purchase is another layer-1 blockchain known as Fantom (FTM).

Fantom (FTM) appears bullish based on technical analysis. It has been on an upward trend since the lows of August. Additionally, as it is trading above its 21 and 50-day moving averages, the bulls seem to be in control.

Last trading around $0.577, FTM could potentially rise more than 2x back toward yearly highs in the $1.20 range.

This could be the best cryptocurrency to buy now for those seeking short-term profits.

However, short-term investors might also want to explore meme coin trading.

Meme coins are speculative, highly volatile assets that can provide substantial short-term returns.

Of course, meme coins carry significant risks, and investors should only invest what they can afford to lose.

One strategy to improve your chances is to invest in smaller meme coins before they gain popularity.

Participating in a meme coin presale is one of the most effective ways to achieve this.

Here are some of the analysts at Cryptonews.com’s preferred meme coin presales at this time.

18 Best New Meme Coins to Buy in September 2024

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