Bitcoin is teetering on $64K as optimism on the crypto market continues to rise.
This sets the stage for altcoins to also surge. What are the best three to buy now?
Bitcoin Price Creates Higher High, Traders Brace For Uptrend Continuation
At press time, Bitcoin is trading at $63.7K.
It tapped highs of $64.6K earlier on Monday, marking a higher high on the lower time frame.
All eyes are on $65K. Analyst Jelle called this the “defense line for bears.”
Indeed, the analyst was alluding that if Bitcoin breaks $65K, then a higher time frame rally can commence, potentially marking the next leg of its macro bullish trajectory.
Jelle is confident that Bitcoin will continue to advance in the coming weeks.
Typically, September is a difficult month for Bitcoin. However, he notes that BTC is “on track for the strongest September performance in its history.“
As such, he nods that “the odds are high October, November, and December will close green as well.”
This comes at a time when Michael Saylor reveals that some “credible banks” will soon be allowed custody of Bitcoin.
In another tweet, Saylor highlighted that the world’s largest asset manager, BlackRock, has published positive research on Bitcoin.
The research reaffirmed Bitcoin’s value in that it decouples from traditional financial risk.
Both from a fundamental and technical standpoint, Bitcoin is well-positioned for growth in the coming months.
This opens the floodgates for altcoins, which typically outperform the market leader in bullish periods.
Best Cryptos to Buy Now
As Bitcoin continues to rise and bullish sentiment grows, here are three coins that could be set for gains in the near future.
Crypto All-Stars
Explosive altcoin rallies characterize crypto bull runs, but nothing pumps like meme coins. In 2021, Dogecoin and Shiba Inu led the way, rendering thousands of early investors multi-millionaires.
This cycle, Dogwifhat, Bonk, and Pepe all provided huge gains earlier in 2024. But now Crypto All-Stars is emerging as a leading utility token within the meme coin space.
Crypto All-Stars is a unifying staking protocol that lets users stake all the top meme coins, including Dogecoin, Shiba Inu, and Pepe.
To access the platform, users must hold $STARS, which creates inherent utility and aligns its demand with the platform’s popularity.
Should the meme coin sector perform well, Crypto All-Stars could see significant capital inflows as investors try to maximize their meme coin gains.
The project is undergoing a presale and has raised $1.5 million so far. The current Crypto All-Stars presale price is $0.0014593, but this will rise in two days.
Render
Another of the hottest narratives at the moment is AI. While Bittensor is leading the way, the stage is set for Render to explode as well.
Render is a decentralized network that provides GPU power for computationally intensive tasks such as training AI models and rendering graphics.
Notably, the Render website has recently been upgraded and is now geared for mass adoption, with pricing and ‘how to get started’ sections.
Engineers may choose Render over competitors for three main reasons: it’s fast, scalable, and low-cost.
Until recently, Render was the largest AI crypto by market cap. However, it has been overtaken by Bittensor recently.
TAO is up 81% this week, which could signify what is to come for Render. Currently, Render is trading at $6.09, up 7.7% today and 22% this week.
Helium
Another project positioned in a strong narrative is Helium. This is a DePin crypto that provides wireless infrastructure.
For the uninitiated, DePin stands for Decentralized Physical Infrastructure. It connects the real world and blockchain by incentivizing contributions of resources via cryptocurrency rewards.
Helium is powering an “internet of things,” and anyone will be able to contribute by hosting their own Helium Hotspot. It will also provide mobile network coverage.
The project is based on a concept called “Proof-of-Coverage” and aims to establish a globally connected network.
There are already over 1 million Helium Hotspots active on the network.
Helium is a leader in the DePin space, and a lot of analysts think DePin is one of crypto’s strongest real-world use cases.
Open, immutable, and trustless blockchains provide the foundation for global networks that anyone can contribute to for token incentives.
As such, HNT has enjoyed a strong performance recently, pumping over 100% from its July lows.
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