Top Cryptocurrencies to Consider Purchasing on September 20 – Sui, Bittensor, Aptos

Two days following the Federal Reserve’s initial rate reduction since 2020, leading cryptocurrencies continue to exhibit strong momentum, as investors evaluate the optimal crypto to purchase now in anticipation of a possible surge in October.

Bitcoin (BTC) has dipped back below $63,000 and has shown a slight decline over the past 24 hours, according to CoinMarketCap.

Nevertheless, it remains near its weekly peaks, with most other significant cryptocurrencies, including Ethereum (ETH) and Solana (SOL), experiencing gains on Friday.

Investor risk appetite has notably increased since the Fed initiated its latest cycle of rate cuts with a substantial 50 basis points reduction.

The Fed just cut interest rates by 50 basis points.
Fire up the money printer too and we got a bull market on our hands.

— Anthony Pompliano (@APompliano) September 18, 2024

This is attributed to a growing sense of optimism, suggesting that markets may enter a favorable period of sustained US economic growth alongside Fed easing.

Upcoming releases of US macroeconomic data will be crucial, with robust economic indicators expected to bolster this positive sentiment.

October is typically a bullish month for cryptocurrencies, prompting traders to consider which might be the best cryptos to acquire now in light of a potential upswing.

Here are some strong performers on Friday that could be promising candidates.

Best Crypto to Buy Now Ahead of Potential October Surge

Sui (SUI)

The forthcoming layer-1 blockchain protocol Sui (SUI) is poised to drive the crypto market upward on Friday, achieving an 11% increase, according to CoinMarketCap.

Currently around $1.48, SUI nearly reached $1.60 earlier in the day.

SUI has experienced significant growth since surpassing key resistance in the $1.17 range.

According to DeFi Llama, Sui’s total value locked (TVL) has just hit a new all-time high above $850 million.

TVL indicates the USD value of cryptocurrency secured in smart contracts on a blockchain.

A rising TVL serves as a strong indicator of a blockchain’s adoption, and Sui’s TVL may continue to increase rapidly following USDC‘s integration into the blockchain.

BREAKING: @Circle’s native $USDC is coming soon to Sui
Additionally, Cross-Chain Transfer Protocol (#CCTP) will be launching on Sui, allowing developers to create cross-chain flows from other networks (like @Solana, @Ethereum, and more).
This is huge for the Sui… https://t.co/klxqurAt3U pic.twitter.com/iamcolqqfK

— Sui (@SuiNetwork) September 17, 2024

With SUI on track to potentially return to yearly highs in the $2.20 range, it stands out as a strong candidate for the best crypto to buy now.

Bittensor (TAO)

The decentralized machine learning network Bittensor (TAO) is another significant gainer today, increasing by 9% on Friday, according to TradingView.

After breaking through key resistance in the $360 range, the path is clear for a swift return to record highs around $760.

The potential for nearly 2x gains from TAO’s current levels in the $400 range indicates this AI coin could be the best crypto to buy now.

Aptos (APT)

Another emerging layer-1 protocol, Aptos (APT), developed by the creators of Facebook’s unsuccessful Libra cryptocurrency, performed well on Friday.

APT surged by 6% as it approached resistance in the $7.20 range. A breakthrough here could lead to a rapid rally back to yearly highs around $19.50.

Alternatives to Consider

The aforementioned cryptocurrencies could all experience significant rallies during a potential October surge, with each potentially qualifying as the best crypto to buy now.

However, some crypto traders may seek higher-risk assets with greater upside potential.

A viable approach to access such assets is through crypto presales.

Presales provide investors the opportunity to engage with high-potential crypto projects early and at a favorable valuation.

Here are some of the analysts at Cryptonews.com’s top presale selections at present.

17 Best Crypto Presales to Invest

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