Top Cryptocurrencies to Consider Purchasing on September 27 – Notcoin, Bonk, Pepe

Following Bitcoin (BTC) reaching two-month peaks on Friday, surpassing $66,000, and appearing to have decisively moved above its 200DMA while breaking its recent multi-month downtrend, traders are evaluating which cryptocurrency might be the optimal choice to purchase now in anticipation of a potentially bullish October.

Typically, September ranks among the least favorable months for major cryptocurrencies.

However, Bitcoin is poised to conclude the month with an increase of nearly 12%, setting the stage for an even more robust October, historically the strongest month for Bitcoin.

This notable rally follows the Federal Reserve initiating a new cycle of monetary policy easing with a 50bps rate reduction last week, alongside other significant global central banks, including China’s PBoC, adopting similar measures.

Bitcoin to $100K?

Markets anticipate considerable easing of Fed interest rates in the upcoming years, which investors hope will prevent the US economy from entering a recession.

Weaker-than-expected US inflation figures released on Friday further supported this narrative, contributing to BTC’s rise above $66,000.

A favorable macroeconomic environment, the reduction of US election uncertainties in November, and the delayed bullish effects of the April BTC halving could converge to propel Bitcoin to new all-time highs in Q4, with a potential surge towards $100,000.

Bitcoin could soon experience a parabolic movement.
Here’s the reasoning:
Historically, Bitcoin’s average return in Q4 is 88%.
An 88% increase in Q4 would bring Bitcoin close to $120,000.
Even a 55% upward movement (similar to last year) could elevate Bitcoin to $100,000.… pic.twitter.com/oVYMAntGA3

— Lark Davis (@TheCryptoLark) September 24, 2024

The potential for a 50% increase in BTC from current levels indicates that, for many investors, it may represent the best cryptocurrency to acquire at this time.

Nonetheless, some investors eager to multiply their portfolios by 3, 4, or even 5 times are exploring the higher beta altcoin market.

Indeed, a Bitcoin breakout in Q4 could initiate a new season for altcoins and meme coins.

#memecoin #MemeSeason is back bowys pic.twitter.com/UUVKEf5LEo

— Crypto Bull (@CryptoBull31) September 27, 2024

Here are some notable performers from Friday that could be the best crypto to buy now.

Best Crypto to Buy Now in the Altcoin Market

The tap-to-earn GameFi cryptocurrency Notcoin (NOT) is the leading performer today among the top 100 coins by market capitalization.

According to CoinMarketCap, it has experienced a remarkable surge of 20% in the last 24 hours, pushing its price back above $0.10.

This increase follows NOT’s breakout above a downtrend that had been in effect since the June highs, along with its recovery above the 50DMA at $0.09.

The breakout presents the possibility of a rapid rally back toward June’s highs in the $0.29 range, which would represent gains of nearly 3x from current levels.

This could easily position it as the best crypto to buy now.

Two additional coins performing well on Friday are Bonk (BONK) and Pepe (PEPE), each up approximately 12% in the past 24 hours.

Bonk’s rise to $0.000023 has seen it retest its 200DMA.

Meanwhile, Pepe’s increase has brought it close to $0.000011, now comfortably above its 200DMA.

The trend for both meme coins seems to be shifting, and the rally could accelerate if a new meme season is on the horizon.

Both are prominent meme coins supported by large, dedicated communities.

This suggests a high likelihood that both coins will be significant players in a future meme market surge.

For investors seeking exposure to the volatile yet rapidly expanding meme coin sector, BONK and PEPE could indeed be regarded as the best crypto to buy now.

Alternatively, investors might consider exploring meme coin presales.

Presales provide investors with the opportunity to engage with high-potential projects before they gain widespread popularity and at a lower valuation.

If investors can pinpoint promising projects that subsequently gain market traction, they can achieve substantial returns.

Meme coin presales can be especially lucrative. Here are some of the top new meme coins, as highlighted by experts at Cryptonews.com.

19 Best New Meme Coins to Buy in September 2024

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