Top Cryptos to Purchase on October 1st: EigenLayer, NEIRO, and Popcat

Posted by cryptonews Crypto News Industry Talk October 2, 2024 1.6k Views

Best Crypto to Buy Now / Source: Cryptonews

“Uptober” has arrived, but investors are evaluating which cryptocurrency would be the best to purchase right now in order to profit from a future market rebound due to geopolitical unrest with Israel and Iran possibly on the verge of a major war.

The price of Bitcoin (BTC) fell to a test of $62,000 following news of an attack on Israel by Iranian missiles.

That might lead to a full-scale conflict between the two countries, which might attract additional powerful nations like the United States and Russia and impede the flow of oil across the Gulf Strait.

According to CoinMarketCap, most other major altcoins traded with losses of 2-5% in the past 24 hours.

Major cryptocurrencies might have a shaky October if Israel and Iran were to go to war.

However, given that prior geopolitical-related market declines earlier this year did not last long, this might be a buying opportunity.

Furthermore, October is usually Bitcoin’s best month of the year, which is why it is nicknamed “uptober.”

Many had assumed that October of this year would be the same, given the backdrop of a global monetary policy easing cycle spearheaded by the Fed.

Before Bitcoin prices continue their ascent to new all-time highs this quarter, geopolitics may cause one last shake-out in the market.

Traders searching for the best cryptocurrency to purchase right now are doing so in anticipation of a market rebound.

Here are some strong options.

Best Crypto to Buy Now โ€“ Which Are They?

Popcat (POPCAT)

Solana meme coin Popcat (POPCAT) performed well on Tuesday despite the marketโ€™s broader angst.

POPCAT is still trading at about $1, not too far from its record highs from last week.

POPCAT may decline even more as risk-off flows quicken and geopolitical anxieties intensify.

Nevertheless, if risk appetite increases later this month, POPCAT might be poised for a significant breakout.

POPCAT has been posting lower lows since April, so for the past few days, it has been looking for a breakout above its highs from July.

This implies that the upcoming breakout may have significant potential, positioning Popcat as one of the top cryptocurrencies to purchase right now.

See this article from Cryptonews for a longer-term price prediction.

NEIRO (NEIRO)

NEIRO, an Ethereum meme coin with a community focus that is modeled after Doge’s younger sister, is another contender for the best cryptocurrency to purchase right now.

NEIRO has last subsided back to a market cap of around $60 million, perย DEXScreener, an 80% decline from its August highs.

Nevertheless, according to a recent price prediction analysis, analysts at Cryptonews are optimistic about NEIRO and its chances to grow in the upcoming months.

EigenLayer (EIGEN)

In other news, EigenLayer, the recently introduced Ethereum restaking protocol token, has had a spectacular launch.

According to CoinMarketCap, the token has rallied 10% since its launch to $4.09, bringing its market cap to $760 million.

With a fully diluted market cap of nearly $7 billion for the new cryptocurrency, EIGEN will experience significant inflation.

But in the upcoming years, the protocol is probably going to keep gaining popularity and might even increase by three or five times.

That may make it the greatest cryptocurrency to purchase right now. However, if traders purchase smaller, less well-known coins before they begin to trend, they may be able to book significantly larger gains.

Participating in crypto presales is an excellent way to achieve this. Before a project launches, presales offer investors the chance to purchase the native token at a reduced cost or at a more advantageous valuation.

Cryptonews.com analysts keep a careful eye on the presale market. These are a few of their best selections for October.

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