Best Crypto To Buy Now As Bitcoin, XRP Flash Major Buy Signals, Macroeconomic Outlook Improves

The crypto market is facing strong selling pressure to start the month of November. The Bitcoin price fell to $98,900 on Tuesday, while altcoins are bearing a bigger brunt. 

Concerns regarding a potential liquidity crisis in the US financial markets continue to weigh on risk assets. 

However, experts continue to claim that the crypto bull market isn’t over. In fact, there is a growing belief that most large-cap assets, especially Bitcoin, are extremely close to a major bottom. 

BTC has flashed a major buy signal, tagging its 50-week Exponential Moving Average support. 

Crypto Prices Crash, But Is The Bottom Near?

While crypto prices are crashing, large-cap assets are nearing key support levels. 

For instance, the Bitcoin price has now tagged its 50-week Exponential Moving Average at $100,900. Notably, this has been the key support level for BTC throughout this bull cycle. 

A successful retest of this level and a weekly close above would be a massive buy signal for sidelined investors. 

Prominent analyst Matthew Hyland also indicates that Bitcoin’s RSI has reached April’s level, another indication of a potential bottom. For the uninitiated, BTC fell by over 30% to create a major bottom on April 10th, followed by a bullish reversal to new all-time highs. 

The macroeconomic outlook is also rapidly improving. After Fed Chair Jerome Powell conveyed doubts over another rate cut this year, the odds of a December cut fell sharply. 

However, CME FedWatch data shows that interest rate traders are still strongly betting on yet another 25 bps decrease in the central bank’s target rate. 

Similarly, investors are realizing that an end to the US government’s shutdown will result in a flush of new liquidity to the crypto market, sending crypto prices higher. 

Best Crypto To Buy Now

In this article, we list the 6 best crypto to buy now that are already at key support levels and could see a strong bullish reversal. 

Ethereum (ETH)

Prominent experts continue to be bullish on Ethereum, expecting another new all-time high. 

The Ethereum price is now down nearly 13% since the start of November, trading at $3,200 at press time. 

However, whales remain unbothered and are buying the dip. For instance, Lookonchain flagged a mysterious whale buying a staggering $621 million worth of ETH over the past 2 days. 

Similarly, the popular Bitcoin OG has opened a 3x leveraged long position on Ethereum. In recent months, he has accurately predicted the crypto market trajectory, which is an excellent signal for the bulls. 

Tom Lee’s BitMine continues to add to its ETH holdings as well, now sitting atop 2.8% of the total Ethereum supply. In a recent CNBC interview, Lee has also predicted that the Ethereum price will hit $7,000 this year. 

XRP (XRP)

XRP continues to be among the best cryptos to buy now, even despite the recent crash. 

XRP is currently trading at $2.20, down nearly 7% over the past 24 hours and 17% over the past week. Despite the steep sell-off, it is faring better than other top altcoins. 

Now, Cointelegraph has identified a hidden bullish divergence in the XRP price chart, which could be the start of a new rally towards $5. 

Notably, Canary Capital CEO Steven McClurg has announced that his company will launch a new spot XRP ETF next week. Strong inflows could provide the bullish narrative that XRP needs for a bullish reversal. 

While it continues to be one of the top altcoin investments, sidelined investors should be prepared for a dip to $2, which would be a massive buy signal.

XRP continues to be an excellent long-term investment. For more such assets, check out our guide on the best crypto to buy now. 

Best Wallet Token (BEST)

Best Wallet Token (BEST) has established itself as one of the best low-cap cryptos to buy, as evidenced by nearly $17 million in presale investments. 

BEST is the platform token of the Best Wallet app, a new crypto wallet that already has over 250,000 monthly users and 630% monthly growth in app installations. 

Experts are viewing buying BEST as a way to invest in a project that aims to capture 40% of the total non-custodial wallet business. 

Best Wallet’s popularity isn’t surprising, considering it is a multi-chain, non-custodial and anonymous wallet. Users don’t need separate wallets for every chain, nor do they need to submit KYCs. 

Besides the traditional wallet capabilities, all at the lowest possible costs, Best Wallet also provides other cutting-edge features. Users can buy trendy coins through its presale aggregator, stake crypto, spend through a crypto debit card, trade with its derivatives platform and more, all without leaving the app. 

Considering the strong demand for BEST, the popularity of the new wallet and its attractive features, it is no surprise that analysts are viewing the Best Wallet Token as the next 10x crypto. 

Aster (ASTER)

Market crashes present an excellent opportunity to check the relative strength of crypto assets. Coins showing resilience during the broader market crash tend to outperform when the market outlook flips bullish. 

While the Bitcoin price is down by 5% and most altcoins are down double digits, the Aster price is up by 8.5% on Tuesday. 

It is not without reason that Binance co-founder Changpeng “CZ” Zhou is taking advantage of every dip and increasing his ASTER position, even above the initial $2 million investment. 

Another whale, “ThisWillMakeYouLoveAgain”, has purchased $4.21 million worth of ASTER. This smart money investor previously made $36.21 million worth of profit in Pepe. 

Currently trading at $0.98 at press time, prominent experts are confident that the Aster price will hit $10 in the mid-term. 

zkSync (ZK)

zkSync is another altcoin that is showing impressive relative strength. The ZK price is up by over 10% over the past 24 hours, when most altcoins are down by double digits. 

Prominent analyst Income Sharks, who has nailed almost every prediction during this bull cycle, highlights that zkSync has broken out of a descending trendline. 

ZK is also receiving a significant boost from the recent Atlas upgrade, which supercharges the network’s scalability, efficiency and interoperability. 

zkSync is looking to become the largest Ethereum layer-2 chain, while experts believe ZK appears poised for a 2x rally in the short term itself. 

Bitcoin Hyper (HYPER)

Bitcoin Hyper, another layer-2 project, rounds up our list of the best cryptocurrencies to buy now. 

ZK’s success highlights that layer-2 coins are back in high demand. However, unlike zkSync, Arbitrum and Optimism, Bitcoin Hyper is a low-cap gem and is still in its presale. 

However, the HYPER presale has already raised over $25.7 million in early investments, making it one of the most in-demand small-caps on the market. 

Bitcoin Hyper is the newest BTC layer-2 coin. Considering that L2 coins show a strong correlation with their respective L1s, HYPER is an excellent bet for outsized returns when the broader market outlook improves. 

It is no surprise that whales are pouring six-figure investments into the new crypto, especially considering that the top layer-2 coins reach multi-billion dollar valuations. 

Early buyers, smart money investors and popular influencers are all backing HYPER as the next 100x crypto.