Bitcoin broke through the $92,000 resistance level on Tuesday, driven by strong institutional backing and a surge in market sentiment, making it one of the best crypto to buy now.
This upward movement is bolstered by substantial purchases from institutional players, including MicroStrategy and Genius Group, which reflect growing confidence in Bitcoin’s future.
MicroStrategy revealed on Monday that it had acquired an additional 51,780 Bitcoin at an average price of $88,627, bringing its total holdings to 331,200 BTC.
Similarly, Genius Group has committed $10 million to Bitcoin, purchasing 110 BTC at an average price of $90,932. This marks the beginning of what the company terms “ongoing purchases.”
Optimism within the market extends beyond Bitcoin. Paul Tudor Jones increased his fund’s exposure to Bitcoin via BlackRock’s spot Bitcoin ETF shares, adding $130 million in the third quarter.
Cathie Wood of ARK Invest echoed this sentiment, citing expectations of regulatory relief under the incoming U.S. administration as a driver for Bitcoin’s continued growth.
As Bitcoin’s rally fuels speculation of a new altcoin season, Ethereum has remained resilient near its Fibonacci support at $3,028, setting an upside target of $3,320.
Amid these developments, altcoins such as Deep Worm (WORM), Bertram (BERT), and Boring Protocol (BOP) are attracting significant investor interest. Below are some of the best crypto to buy now.
Deep Worm (WORM): Technical Indicators and Price Action on the Solana Blockchain
Deep Worm introduces a unique digital asset concept simulating a biological worm’s nervous system on the Solana blockchain.
Since its launch on October 26, WORM has experienced major growth, rallying 105% in the last 24 hours to trade at $0.08555.
It currently holds a market cap of $85 million, with its popularity surging due to its niche application and backing by the Solana ecosystem.
Source: CoinMarketCap / WORM
Technical indicators make WORM one of the best crypto to buy now, especially with its promising outlook.
WORM’s Relative Strength Index (RSI) of 82.3 places it in the overbought zone, signaling potential short-term volatility.
The long-term target for WORM is set at $1 by 2025, driven by its unique concept and growing adoption.
Bertram The Pomeranian (BERT): Price Movements and Key Technical Metrics Driving Growth
Bertram The Pomeranian (BERT), a meme token inspired by a popular Instagram dog, has captivated retail investors with its viral appeal.
Trading at $0.1487 as of writing, BERT boasts a market cap of $160 million and has delivered gains of over 7,800% since its launch.
Source: CoinMarketCap / BERT
While meme tokens like BERT offer high reward potential, they also come with significant risks, including susceptibility to pump-and-dump schemes.
Investors should approach cautiously, balancing short-term gains with the inherent volatility of such assets.
Boring Protocol (BOP): Market Performance and Technical Outlook for Privacy Solutions
Boring Protocol’s decentralized VPN and bandwidth marketplace on the Solana network makes it a strong contender for the best crypto to buy now, particularly for those focused on privacy.
Currently trading at $0.0002717, BOP has seen a modest 30.67% gain over the last month.
Despite being down 90% from its all-time high of $0.2657, analysts believe its approach to privacy and security offers significant upside potential.
Source: CoinMarketCap / BOP
As the market grows more privacy-conscious, BOP still presents a lucrative entry point for long-term investors, with its current low valuation offering an appealing opportunity.
Better Alternatives to Consider
President-elect Donald Trump’s endorsement of Bitcoin and expectations of a more business-friendly regulatory environment under his administration further fuel market optimism.
Coupled with increasing liquidity in Bitcoin-focused ETFs, this environment sets the stage for some of the best crypto to buy like WORM, BERT, and BOP.
For investors seeking early opportunities, promising crypto presales in November 2024 offer a chance to capitalize on growing liquidity and market enthusiasm.
With Bitcoin leading the way, altcoins and up-and-coming projects are well-positioned for substantial growth in this bullish market.
15+ New Crypto Coins to Invest In November 2024
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