Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Best Crypto to Buy Now October 16 – Dogecoin, Litecoin, Bitcoin SV

Best Crypto to Buy Now October 16 – Dogecoin, Litecoin, Bitcoin SV

CryptoNewsCryptoNews2024/10/16 20:33
By:Joel Frank

Check out the best crypto to buy now, including Dogecoin, Litecoin, and Bitcoin SV. Here's the latest.

Last updated:
October 16, 2024 11:51 EDT

Crypto bulls are maintaining control of the US trading session on Wednesday, prompting investors to consider which cryptocurrencies are the best to buy now.

Bitcoin (BTC) hit its highest level since late July earlier today, trading in the mid-$68,000s with a gain of around 1.5%, according to CoinMarketCap .

Best Crypto to Buy Now October 16 – Dogecoin, Litecoin, Bitcoin SV image 1 Source: TradingView / BTCUSD

Markets are rallying as pro-crypto candidate Donald Trump becomes the leading contender in the upcoming November US election .

This, combined with the Fed’s new interest rate easing cycle and potential delayed post- BTC halving tailwinds, positions Bitcoin to challenge record highs soon.

For new investors, Bitcoin remains a strong candidate as one of the best cryptos to buy now due to its robust near-term upside potential.

However, seasoned investors may look towards higher-beta altcoins for greater returns. Below are top-performing cryptocurrencies that could be among the best to buy right now.

Best Crypto to Buy Now – Which Are They?

Dogecoin (DOGE)

Dogecoin (DOGE), the first and largest meme coin , is leading the market with a near 10% gain, according to CoinMarketCap .

DOGE has surged back into the $0.12 range, eyeing a retest of late September highs and its 200-day moving average around $0.13.

Best Crypto to Buy Now October 16 – Dogecoin, Litecoin, Bitcoin SV image 2 Source: TradingView / DOGEUSD

Dogecoin is showing strong breakout potential, with trading volumes surpassing $2.1 billion, the highest since August 5, according to Yahoo Finance .

Coinglass data shows that Dogecoin’s open interest surged to nearly $800 million, the highest since June.

With funding rates above 0.010%, this surge indicates a disproportionately long market position.

Dogecoin could be on the verge of roaring back to year highs in the $0.20 range. Its potential for near-term 2x gains makes it a strong contender as one of the best cryptos to buy now.

For those looking for even higher returns in the 10x-50x region, meme coin presales provide an opportunity for early exposure to high-potential projects at favorable valuations.

Cryptonews.com’s list of the best meme coin presales is a great place for readers to start.

Litecoin (LTC)

Litecoin (LTC) , often referred to as the “silver to Bitcoin’s gold,” has seen a 6% rise in the past 24 hours, reaching around $70, according to CoinMarketCap .

Best Crypto to Buy Now October 16 – Dogecoin, Litecoin, Bitcoin SV image 3 Source: TradingView / LTCUSD

LTC’s chart setup is looking strong. It recently broke above a downtrend from the March highs and found support on the retest.

The coin has also held above its 50-day moving average, suggesting bulls are in control. A potential near-term pump back to yearly highs makes Litecoin one of the best cryptos to buy now.

Bitcoin SV (BSV)

Bitcoin Satoshi Vision (BSV) , a Bitcoin fork claiming to uphold Satoshi’s original vision, performed strongly on Tuesday.

Currently priced at $51, BSV is approaching the upper bounds of its long-term $32-56 range.

Best Crypto to Buy Now October 16 – Dogecoin, Litecoin, Bitcoin SV image 4 Source: TradingView / LTCUSD

This setup could trigger a 2.5x rally back to yearly highs around $120, positioning BSV as a strong option among the best cryptos to consider buying now.

Crypto Presales: Unlocking Early Investment Opportunities

For those looking to capitalize on early investment opportunities, crypto presales can be an attractive option.

These presales give investors the chance to acquire tokens before they officially launch, often at reduced prices, potentially setting the stage for substantial gains as the projects grow.

By getting involved at this early phase, investors can secure a foothold in promising projects that could see significant development and adoption over time.

Timing and careful selection are crucial, as picking the right presale can yield impressive returns down the line. Here are some of the top crypto presales currently available.

Top 15 Crypto Presales to Watch Now

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitwise analyst cautions dollar strength could hinder bitcoin breakout, despite it nearing $100,000

Despite bitcoin rebounding above $98,000, a strengthening U.S. dollar could pose a headwind for further gains, an analyst said.Expectations of a more hawkish Bank of Japan move increases risk of a yen carry trade unwind, which puts further volatility for risk assets, they said.

The Block2024/11/29 16:33

Could there be a Dogecoin ETF in 2025? 'Today's satire is tomorrow's ETF' says expert

President-elect Donald Trump has championed himself as a pro-crypto leader, hoping to make America the “bitcoin capital of the world.”Dogecoin is the world’s sixth-largest cryptocurrency with a market cap near $60 billion.

The Block2024/11/29 16:33