Best Crypto To Buy Now As JPMorgan Gives $170k Bitcoin Price Prediction

While retail investors are panic-selling their crypto holdings, institutions are adopting an increasingly bullish stance. 

JPMorgan’s analysts expect Bitcoin to rally toward $170,000 over the next six to twelve months, noting that perpetual futures deleveraging appears complete and that BTC remains historically undervalued compared to gold.

Notably, the macroeconomic and geopolitical outlook is suddenly becoming highly conducive for a broad-based crypto market rally. 

Politico is reporting that the US government shutdown can end on Friday, quoting Senate Majority Leader John Thune’s comments in a private lunch. This could provide a significant boost to the liquidity in the financial markets. 

Liquidity pressures are already easing, with US bank reserves rising for the first time in four weeks. Meanwhile, the odds for another 25 bps rate cut in December are rising as well. 

Altcoin prices are showing strong bullish momentum amid aggressive whale accumulation. Their double-digit gains, even as Bitcoin dips, highlight robust underlying demand, making them the best crypto to buy now.

Best Crypto To Buy Now: BTC, ETH and A New Altcoin

The crypto market is on the cusp of a bullish reversal. Despite a bearish start to November, experts are anticipating a strong rally for the remainder of the month. 

In this article, we list the best cryptocurrencies to buy for maximizing returns in the upcoming bull run. 

Bitcoin (BTC)

The top cryptocurrency is still one of the best investments, even this late in the bull cycle. 

JPMorgan analysts aren’t alone in their bullish BTC price prediction. Fundstrat and BitMine’s Tom Lee expects $150k to $200k this year itself, while prominent trader Matthew Hyland is indicating $180,000 before year-end. 

JPMorgan analysts are banking on BTC to make up ground against gold, expecting “significant upside” in the next six to twelve months. 

The Bitcoin price is currently trading at $102,000 at press time. It looks poised for another retest of its most important support level, the 50-week exponential moving average at $100,800. 

Another successful retest of this level would likely mark the local bottom and signal a buying opportunity for sidelined investors. If JPMorgan’s prediction holds, buyers at the current price could see 70% returns over the next 6 months. 

Ethereum (ETH)

BitMine’s Tom Lee isn’t just bullish on Bitcoin. He continues to back an Ethereum rally to $7,000 before year-end. 

His BitMine treasury firm purchased another $70 million worth of ETH today, bringing its total holdings to 3.40 million, worth $11.35 billion. 

On-chain data analysis platform Lookonchain has flagged massive ETH accumulation by whales, worth over $1.3 billion in the last 3 days alone. 

Similarly, smart money traders are closing their short positions and opening leveraged long trades instead, which suggests a flip in sentiment. 

The Ethereum price is currently trading at $3,350. All eyes are now on whether it secures a weekly close above the $3,500 support level, which would be a green light for investors to buy. 

Bitcoin Hyper (HYPER)

Bitcoin Hyper (HYPER) is making a strong case for being the best crypto to buy now among low-cap coins. 

Smart money investors do not go all in on a large-cap asset. Instead, they make a small allocation in beta bets as well. These are coins that show a strong correlation with a large-cap asset, but with higher volatility and upside potential. 

Being the new BTC layer-2 coin, HYPER has emerged as an excellent beta bet on Bitcoin. This is a decidedly bullish scenario, considering that another layer-2 coin, Stacks (STX), has a peak valuation of over $5 billion. 

Experts believe that Bitcoin Hyper has the potential to be a hub for new DeFi apps, payment protocols and even meme coins within the Bitcoin ecosystem. Powered by Solana Virtual Machine and zero-knowledge technology, it offers the performance, scalability and programmability of new blockchains. 

Whales have been quick to recognize HYPER’s upside potential, investing high six figures early. Just this week, a wallet swapped 41 ETH, worth $130k, into the new crypto.

Bitcoin Hyper has already raised over $26 million in presale investments, with the early buyers eyeing up to 10x returns from it. 

Filecoin (FIL)

The “dino coin” sector continues to outperform the rest of the crypto market. Old utility altcoins that have been on the sidelines so far this bull cycle are now stealing the spotlight. 

After Zcash, zkSync, Dash and Internet Computer cryptos, Filecoin (FIL) has broken out as well. It has posted the highest gains of any top 100 crypto over the past 24 hours, up over 50%. 

FIL is currently trading at $2.10, with a market capitalization of $1.5 billion. And yet, it is still trading 99% below its all-time high, making it an excellent multi-bagger play. 

Top analysts believe that a flip of the $2.5 resistance would pave the way for a rally to $5 in just the next few days. It is already on the cusp of a breakout from a multi-year trendline. 

Filecoin’s recent foray into the DePIN and AI sectors, the upcoming Dev Summit and the end of token unlocks next year make it one of the top crypto investments today. 

Chainlink (LINK)

With the shift of attention to utility coins, it is only a matter of time before Chainlink joins the party. 

LINK continues to be one of the most fundamentally sound altcoins on the market. Chainlink’s technology stack includes decentralized oracle networks delivering tamper-proof real-world data, a cross-chain interoperability layer enabling secure value and message transfers across blockchains, and automated compliance modules for institutional asset tokenisation.

On the institutional front, it already works with SWIFT and major global banks to bridge their legacy payment rails into blockchain, and it’s engaged government agencies such as the United States Department of Commerce to bring official macro-economic data on-chain.

Prominent analyst Ali Martinez highlights that the investor sentiment around LINK has reached its most positive level in the past 3 years, even as the price has declined. 

The Chainlink price is back above the $15 support level. A weekly close above it could pave the way for a rally to $46. 

Check out more picks for the best crypto to buy now in our updated guide.