Top Cryptocurrencies to Consider Purchasing on September 23 – Bittensor, Arweave, Popcat

Ethereum (ETH) stands out as a significant performer among major cryptocurrencies on Monday, rising 4% over the last 24 hours according to CoinMarketCap, potentially positioning it as a top crypto investment at this time.

As the second-largest cryptocurrency by market capitalization, ETH surged back to test the $2,700 mark on Monday, reaching its highest point since mid-August.

Despite its solid gains, Ethereum did not emerge as the top-performing coin within the top 100 cryptocurrencies.

In fact, numerous smaller, lesser-known altcoins experienced double-digit increases on Monday as investor risk appetite grew.

Last week, the US Federal Reserve lowered interest rates by 50 basis points for the first time since 2020, a move that surprised many on Wall Street.

Additionally, several Fed officials expressed support for the Fed’s accommodative approach on Monday.

Liquidity measures in financial markets have already improved to their highest levels in years.

A report from the NY Fed released on Monday indicated that US treasury market liquidity was at its strongest since 2021.

US Politics Also a Supportive Factor?

US politics may also be providing a supportive backdrop. US Vice President and Democratic presidential candidate Kamala Harris recently made her initial remarks on cryptocurrency, which were favorable.

NEWS: VP Harris states at a Wall Street fundraiser that she “will encourage innovative technologies like AI and digital assets while protecting our consumers and investors.”

— Jennifer Epstein (@jeneps) September 22, 2024

According to Polymarket, Harris is currently the favored candidate in the betting market for the US presidency in the upcoming November election.

Kamala Harris’ odds are currently 4% ahead in Pennsylvania. pic.twitter.com/4YeXO05LvL

— Polymarket (@Polymarket) September 23, 2024

While Republican nominee and former President Trump is perceived as the more pro-crypto candidate, it is noteworthy that both candidates are adopting a more favorable stance towards cryptocurrency.

If Bitcoin (BTC) manages to surpass its 200-day moving average at $64,000, it could generate new momentum for the broader market.

While Bitcoin and Ethereum are strong contenders for the best crypto investment at this moment, smaller altcoins may offer quicker returns.

Here are some notable performers from Monday that could potentially outperform the market in the upcoming weeks and months.

Best Crypto to Buy Now – Which Are They?

The decentralized machine learning network Bittensor (TAO) is experiencing significant gains on Monday, rising 17.5% in the last 24 hours, according to CoinMarketCap.

This surge has propelled TAO into the $540s, marking its highest level since April, and allowing it to once again achieve a market capitalization of $4 billion.

If the Fed has initiated a new parabolic phase in the ongoing crypto bull market, TAO could be a leading candidate for continued outperformance.

This is due to its status as one of the prominent AI cryptocurrencies, making it one of the best crypto investments currently available.

In addition, the decentralized data storage network Arweave (AR) is another significant gainer today.

As per CoinMarketCap, AR was last trading with approximately 16% gains in the past 24 hours near $22.50.

These gains have allowed AR to surpass its 50-day moving average in the $21 range.

AR may soon revisit its late-August highs around the $27.50 level.

This could position it as a top crypto investment for quick returns, while AR also possesses substantial long-term potential as a leading data storage and availability cryptocurrency.

Another cryptocurrency worth mentioning today is the new Solana meme coin Popcat (POPCAT).

According to CoinMarketCap, POPCAT was last reported to be up 15% in the past 24 hours and came very close to reaching $1.0 earlier in the session, which would have equaled its record highs from July.

With anticipated Fed rate cuts and financial conditions expected to continue easing in the coming weeks, the meme coin season may soon return.

A coin like Popcat could represent one of the best cryptocurrency investments to capitalize on.

Alternative to Consider – Crypto Presales

The aforementioned coins may all be considered among the best crypto investments at present.

However, traders seeking returns exceeding 5-10x will need to explore smaller, newer, and lesser-known cryptocurrencies.

One of the most effective ways to enter the crypto market before a project’s market cap surges is to participate in the presale phase.

While presales carry risks, investors who can identify a high-potential project that gains traction stand to achieve substantial returns.

Analysts at Cryptonews.com closely monitor the crypto presale market.

Here are some of their top projects currently that may provide investors with strong returns.

17 Best Crypto Presales to Invest In Now

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