Major cryptocurrencies were mixed as of early Friday trade, with Bitcoin (BTC) edging back to the $68,000s and Solana (SOL) pushing into the upper $170s and investors monitoring which altcoin might be the best to buy now in order to secure quick gains.
Ethereum (ETH), meanwhile, was a relative performer, as narratives surrounding the possibility that Solana will overtake it gained ground.
Solana network activity has been surging recently thanks to renewed meme coin mania, while activity on Ethereum has remained stagnant.
Bitcoin and Solana are both strong candidates for best crypto to buy now.
Both could perform well into the year’s end, assuming macro tailwinds from Fed easing, a strong US economy and the US presidential election remain in play.
But some investors might prefer to position themselves in higher-beta altcoins.
While Bitcoin could 2x and Solana 3x in 2025, some smaller altcoins might 10x or more.
Here are some strong performers early on Friday that might be the best crypto to buy now.
Best Crypto to Buy Now – Which Are They?
Ethereum meme coin cat in a dogs world (MEW) is leading the market early on Friday, up 17% in 24 hours per CoinMarketCap.
MEW is on the verge of hitting a market cap of $1 billion after crossing above $0.11.
But meme coins that hit $1 billion tend to have reached a critical mass and level of momentum that can carry them much higher.
Even though Solana meme coins have been leading recently, MEW could be the best crypto to buy now for those looking for 10x gains into 2025.
Elsewhere, Pyth Network (PYTH) and Raydium (RAY) are also performing well early on Friday, up 9% and 10% respectively in the past 24 hours per CoinMarketCap.
PYTH is an innovative network designed to bridge the gap between traditional financial markets and blockchains.
Last at $0.38, bulls will be hoping that the cryptos rally from early September’s sub-$0.30 lows is the start of a bigger move back to yearly highs in the $1.10s.
The prospect of quick 3x gains makes PYTH an attractive prospect, ranking it as potentially the best crypto to buy now.
Raydium (RAY), meanwhile, is one of Solana’s leading DEXs and a major beneficiary of the surge in meme coin trading.
RAY is probing for a near-term breakout to the north of its yearly highs above $3.0.
This could open the door to a swift push back to record highs in the $13 area.
RAY is a strong candidate for those looking to add upside risk to their Solana ecosystem portfolio and thus potentially ranks as one of the best cryptos to buy.
Another great way for crypto investors to add upside risk to their portfolios is by investing in high potential meme coins at a very early stage.
Meme coin presales are a great way to do this. Cryptonews.com keep a close eye on the meme coin presale market. Here are some of their favorite projects right now.
21 Best New Meme Coins to Buy in October 2024
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