Top Cryptocurrencies to Consider Purchasing on October 1 – Popcat, NEIRO, EigenLayer

“Uptober” has arrived, yet geopolitical tensions involving Israel and Iran, which may be on the brink of significant conflict, have crypto markets adopting a cautious stance. Investors are evaluating which cryptocurrencies might be the most advantageous to purchase now in anticipation of a potential market recovery.

Bitcoin (BTC) fell to around $62,000 following reports of an Iranian missile strike on Israel.

This situation could ignite a full-scale war between the two countries, possibly involving other major powers such as the USA and Russia, and could disrupt oil transportation in the Gulf Strait.

𝐍𝐨 𝐭𝐡𝐢𝐬 𝐢𝐬𝐧’𝐭 𝐚 𝐬𝐜𝐢𝐞𝐧𝐜𝐞 𝐟𝐢𝐜𝐭𝐢𝐨𝐧 𝐦𝐨𝐯𝐢𝐞.
This is Israel right now.
RT this so the entire world knows. pic.twitter.com/ok8CxCXxnP

— Israel ישראל (@Israel) October 1, 2024

As reported by CoinMarketCap, most other significant altcoins experienced declines of 2-5% over the past 24 hours.

A potential war between Israel and Iran could lead to a tumultuous start to October for major cryptocurrencies.

However, this may present a buying opportunity, as previous market downturns linked to geopolitical events earlier this year were short-lived.

Additionally, October is generally regarded as the most favorable month for Bitcoin, earning it the nickname “uptober.”

First day of Uptober pic.twitter.com/kIEgbDediI

— naiive (@naiivememe) October 1, 2024

Many had expected that, in light of a Fed-led global monetary policy easing cycle, this October would follow suit.

Geopolitical factors could trigger one last shakeout in the Bitcoin market before prices potentially rise to new all-time highs this quarter.

Traders anticipating a market recovery are actively searching altcoin markets for the best cryptocurrencies to buy now.

Here are some promising options.

Best Crypto to Buy Now – Which Are They?

Popcat (POPCAT)

Solana meme coin Popcat (POPCAT) showed resilience on Tuesday despite the overall market unease.

POPCAT continues to hover around $1, just shy of its record highs from last week.

POPCAT may experience further declines as geopolitical concerns escalate and risk-averse flows increase.

Nevertheless, POPCAT could be on the verge of a significant breakout later this month as risk appetite improves.

POPCAT has been attempting to break above its July highs for several days after consistently recording lower lows since April.

This indicates that the impending breakout could be substantial, positioning Popcat as a strong candidate for the best crypto to buy now.

For a long-term price forecast, refer to this article from Cryptonews.com.

NEIRO (NEIRO)

Neiro (NEIRO), a community-driven Ethereum meme coin inspired by Doge’s little sister, is another contender for the best crypto to buy now.

NEIRO has recently returned to a market cap of approximately $60 million, according to DEXScreener, reflecting an 80% drop from its August peaks.

However, analysts at Cryptonews.com are optimistic about NEIRO and its potential for growth in the upcoming months, based on a recent price prediction analysis.

EigenLayer (EIGEN)

Meanwhile, the newly introduced token of the Ethereum restaking protocol, EigenLayer, has experienced a remarkable launch.

The EIGEN token is now available on Binance. https://t.co/yC3qQPcLWm

— Eigen Foundation (@eigenfoundation) October 1, 2024

According to CoinMarketCap, the token has surged 10% since its debut to $4.09, elevating its market cap to $760 million.

The fully diluted market cap of the new cryptocurrency is nearing $7 billion, indicating significant inflation for EIGEN.

Nonetheless, the protocol is expected to continue gaining momentum in the coming years and could potentially increase by 3 to 5 times.

Thus, it may be considered one of the best cryptocurrencies to buy now. However, traders might achieve considerably larger returns by investing in smaller, lesser-known coins before they gain popularity.

A viable approach to this is participating in crypto presales. Presales provide investors with the chance to acquire a new project’s native token at a reduced price or favorable valuation prior to its launch.

Analysts at Cryptonews.com closely monitor the presale market. Here are some of their top selections for this October.

16 Best Crypto Presales to Invest In Now

The post Best Crypto to Buy Now October 1 – Popcat, NEIRO, EigenLayer appeared first on Cryptonews.