Best Crypto to Buy Now September 24– Bitcoin, Ethereum, XRP

Join Our Telegram channel to stay up to date on breaking news coverage

‘Best crypto to buy now’ is one of Google’s most searched cryptocurrency-related terms, and InsideBitcoins lists some options daily.

In less than 15 years, cryptocurrencies have rapidly transitioned from obscurity to a pivotal component of the financial markets. However, despite this transformation, the inherent characteristic of extreme volatility persists.

The crypto industry experienced high-profile failures, implosions, and fraud cases that led to a significant dent in the value of digital assets, with a 63% loss in 2022 alone.

Best Crypto to Buy Now

Yet, there’s another side to the coin, as crypto prices have rebounded with a notable 29.8% increase in 2023.

Following a challenging period in 2022, marked by the collapse of FTX, multiple cryptocurrency exchanges, and the woes of lenders and hedge funds, the crypto market has shown resilience this year.

Optimistic crypto enthusiasts anticipate the potential for new all-time highs and hope regulatory clarity will pave the way for greater institutional adoption of cryptocurrencies.

Global Crypto Market Cap Chart

Despite the proliferation of numerous cryptocurrencies, the market continues to be overwhelmingly influenced by Bitcoin and Ethereum. These two giants alone account for over 67% of the $1.05 trillion crypto market capitalization. This article presents the top trending tokens investors can add to their watch list.

1. Bitcoin (BTC)

As Bitcoin’s price attempts to stabilize over the weekend, the fate of altcoins is under scrutiny. Prolonged bear markets have led to substantial losses for prominent projects, potentially risking the disbandment of many teams. However, amid the prevailing challenges, some positive developments offer hope.

As we approach the next halving, historical data indicates a potentially bullish target of $48,700. The theory draws from the Fibonacci retracement levels, where Bitcoin has consistently reached the 78.6% retracement level before each halving.

Notably, the timeframes for reaching this level have decreased with each cycle, signaling potential momentum in the current crypto market. It’s crucial to acknowledge that while historical trends provide valuable insights, they do not guarantee future outcomes in the volatile cryptocurrency space.

The first scenario anticipates a further decline, potentially retesting the $23,400 support level, followed by a strong rebound in October. The alternative scenario suggests Bitcoin reclaiming $27,275 before the end of September, possibly leading to a bullish breakout.

Notably, historical data hints at the current consolidation phase being an opportune moment for accumulation before the next major bull run, as previous trends have shown decisive breakouts leading to extended bull markets.

As October approaches, all eyes are on Bitcoin to confirm the start of a new bull market. This situation underscores the importance of closely monitoring key price levels, as the forthcoming weeks could offer crucial insights into Bitcoin’s future trajectory and potential for significant gains in the next bull cycle.

As investors consider this data, conducting comprehensive research and evaluating multiple perspectives remains essential. Time will reveal whether history repeats or charts a different course in the crypto world.

Today’s live Bitcoin price is $26,567.50, with a 24-hour trading volume of $6,459,096,282. Bitcoin is down 0.06% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $517,917,313,377. It has a circulating supply of 19,494,393 BTC coins and a max. Supply of 21,000,000 BTC coins.

2. Bitcoin BSC

Bitcoin BSC is an intriguing token that has garnered substantial attention and raised $4 million in its presale, rapidly reaching its soft cap. Its mission is to address common investor frustrations and provide an opportunity to enter the crypto market at an early stage, reminiscent of Bitcoin’s early days.

With a low initial price of $0.99, it offers a chance to participate in the crypto space without the high entry barriers associated with Bitcoin’s current price.

Another exciting update from #BitcoinBSC!

We've now raised over $4.4 million! 🎉 pic.twitter.com/CCMRlBkU0m

— Bitcoinbsc (@Bitcoinbsctoken) September 22, 2023

Bitcoin BSC’s on-chain staking mechanism, tokenomics similar to BTC, and its use of Binance’s BNB Smart Chain enhance its appeal.

Notably, the BNB Smart Chain offers exceptional speed and cost-effectiveness, making it suitable for various applications. While the project is promising, potential investors should conduct thorough research and consider the inherent risks in the crypto market.

Visit Bitcoin BSC

3. Ethereum (ETH)

Ethereum has long been a leading smart contract platform, and despite facing stiff competition, it remains a crucial player in the cryptocurrency space. Recent data show an increase in Total Value Locked (TVL) within the Ethereum network, bolstered by significant players like Aave and Convex Finance.

However, the number of addresses holding 1+ Ethereum has dropped to a 3-month low, indicating shifting dynamics in the market.

Ethereum’s price is below $1,600 and faces pressure due to interest rate uncertainties and Federal Reserve statements. If it falls below the $1,580 support level, it may test the next significant support at $1,480.

The @ethereum Foundation's ERC-4337 team is excited to announce our first official conference during @EFDevconnect – 4337: The Gathering!

Co-hosted with @AlchemyPlatform @etherspot and @BloctoApp

📍 November 19, Istanbulhttps://t.co/kMuvAgNf87

— erc4337 (@erc4337) September 20, 2023

Investors should monitor how Ethereum handles these challenges, as its ability to recover above crucial resistance levels, such as $1,690, could influence its investment potential. Cryptocurrency investments involve inherent risks, and comprehensive research is advisable.

Today’s live Ethereum price is $1,593.94, with a 24-hour trading volume of $1,916,602,206. Ethereum is up 0.07% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $191,636,803,250. It has a circulating supply of 120,228,044 ETH coins and the max. Supply is not available.

4. Solana (SOL)

Solana, an established cryptocurrency, is navigating a pivotal phase in its price action. It currently faces resistance, but its $19 support remains robust. Trapped between moving average lines, the future direction depends on breaking these lines. Solana is in an oversold market zone, where buyers typically intervene to propel prices higher.

The altcoin has entered the downtrend area on the Relative Strength Index, indicating a bearish trend, but trading between moving averages limits its movement.

To determine whether to invest in Solana, potential investors should closely monitor its ability to hold above the $19 support and moving averages and conduct thorough research into its fundamentals, use cases, and market conditions. Investing in cryptocurrencies involves inherent risks.

1/ Announcing the Hyperdrive Hackathon! 💫

🌍 An online, global Solana hackathon
🏁 Running Sept. 6 – Oct. 15
🏆 $1 million in prizes and seed funding up for grabs

Join and start building today: https://t.co/0HfrxRWgbd pic.twitter.com/Pw5HgHEVMA

— Solana (@solana) September 6, 2023

Today’s live Solana price is $19.59, with a 24-hour trading volume of $95,509,302. Solana is up 0.60% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $8,086,473,365. It has a circulating supply of 412,748,276 SOL coins and the max. Supply is not available.

5. XRP (XRP)

XRP, a cryptocurrency often associated with ambitious price predictions, has a unique potential path toward a significant increase in value. This path primarily revolves around the tokenization of assets and XRP’s established role in offering on-demand liquidity for cross-border transactions.

As more entities seek secure asset tokenization solutions, the XRP ledger’s reputation and capabilities could make it a preferred choice. Tokenizing assets tie up substantial value within the XRP ledger, reducing its circulating supply.

Simultaneously, the growing demand for XRP’s bridge currency role creates a situation where a limited number of XRP tokens are sought after for increasing transactions.

💡 24/7/365 availability
🔍 Transparency throughout the journey
👍 Low cost
✅ Instant settlement

Ripple’s Aaron Sears makes the case for crypto-enabled payments in the latest #CryptoInOneMinute.⏱️ pic.twitter.com/mw4dCOxBfw

— Ripple (@Ripple) September 22, 2023

This interplay of scarcity and demand could set the stage for a substantial price surge. While this scenario holds promise, it’s essential to approach cryptocurrency investments with due diligence and awareness of potential risks.

Today’s live XRP price is $0.510063, with a 24-hour trading volume of $366,542,563. XRP is down 0.40% in the last 24 hours. The current CoinMarketCap ranking is #5, with a live market cap of $27,158,434,359. It has a circulating supply of 53,245,240,268 XRP coins and a max. Supply of 100,000,000,000 XRP coins.