Top Cryptocurrencies to Consider Acquiring on September 24 – dogwifhat, Conflux, Celestia

While Bitcoin (BTC) continues to hover below its 200DMA at $64,000, various segments of the cryptocurrency market are experiencing gains, as investors explore altcoin markets for promising cryptocurrencies to purchase at this time.

Bitcoin was recently down by just under 1.0% in the last 24 hours, trading at $63,000, as reported by CoinMarketCap.

In contrast, Ethereum (ETH) saw a decline of 2.4%, or nearly $2,600, during the same timeframe, as investors expressed concerns over ongoing Ethereum ETF outflows.

#Ethereum spot ETF experienced a total net outflow of $79.3M on September 23 pic.twitter.com/LoZ317f9ZT

— SDCTradecoin (@Callatran80) September 24, 2024

Nevertheless, altcoins are generally performing well, fueled by expectations that global central bank easing will enhance demand for riskier assets in the long term.

China has just lowered its reserve requirement for banks by 50 basis points.

BREAKING NEWS – China has finally implemented measures to stimulate the economy:
— PBOC to reduce the Reserve Requirement Ratio (RRR) by -50 bps and to inject 1 trillion yuan in new liquidity.
— China to decrease rates on existing home mortgages by approximately -50 bps.https://t.co/B2DSuV2jC6 pic.twitter.com/1DX3D3ON4o

— JaguarAnalytics (@JaguarAnalytics) September 24, 2024

This follows a week after the Fed reduced interest rates by 50 basis points, marking the beginning of the first cutting cycle since 2020.

US Core PCE inflation data set to be released later this week could support the notion of further Fed easing if it indicates inflation returning to the Fed’s 2.0% target more quickly than expected.

This could assist Bitcoin in surpassing $64,000 and pave the way for a move towards $70,000.

Such developments could further energize the altcoin market, which has been gaining traction over the past week.

Some are even speculating that a new altcoin season is on the horizon.

If the previous cycle resembles this one, #Altcoin season should commence within the next 50 days… pic.twitter.com/FRpvhrbSXC

— Crypto Rover (@rovercrc) September 22, 2024

Here are some altcoins that have shown strong performance on Tuesday and may represent the best crypto to buy now.

Best Crypto to Buy Now – Which Are They?

Dogwifhat (WIF)

As per TradingView, the Solana meme coin dogwifhat (WIF) was among the top performers on Tuesday, rising over 10% for the day.

WIF is likely to soon retest the downtrend that has been in effect since April.

A breakout above this level could trigger a rapid 2.5x increase back to yearly highs near $5.0.

As a prominent Solana meme coin, WIF is positioned to benefit significantly from any forthcoming altcoin season.

For those looking to gain exposure to meme coins, WIF is a compelling option for the best crypto to buy now.

Alternatively, investors interested in meme coins may wish to explore Cryptonews.com’s compilation of their preferred meme coin presales at this time.

19 Best New Meme Coins

Meme coins like dogwifhat possess considerable upside potential, possibly as much as 10x.

However, traders seeking 50-100x upside potential will need to identify smaller, lesser-known meme coins and invest before they begin to trend.

Meme coin presales present an excellent opportunity to achieve this.

Conflux (CFX)

Another leading performer and candidate for the best crypto to buy now is Conflux (CFX).

Currently priced at $0.16, this innovative layer-1 blockchain has recently moved convincingly above its 50DMA.

Previous promising breakouts above the 50DMA have ultimately faltered in recent months.

However, this time appears different, with CFX potentially set for a swift ascent back to its March highs of $0.55.

Celestia (TIA)

For short-term traders, Celestia (TIA) presents a viable option.

TIA has recently broken a short-term downtrend and subsequently confirmed the breakout.

Currently priced at $6.15, it may soon retest resistance at $7.60.

Bulls will be optimistic for a rapid rally of over 3x back to February highs exceeding $20.

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