Best Crypto To Buy Now As Soft Core PPI Data Sends Prices Soaring

After weeks of silence due to the US government shutdown, the first official inflation print is finally out, and it overwhelmingly favours the bulls.

The Producer Price Index (PPI) for September aligned broadly with expectations. Headline PPI registered 2.7%, just above the 2.6% forecast, while the core reading cooled to 2.6%, slightly below projections.

With no considerable increase in inflation levels, the US Federal Reserve is set to slash interest rates by another 25 basis points in December. 

The odds of a December rate cut have surged from 30% earlier this month to 84%, data from CME FedWatch reveals. 

This is a decidedly bullish scenario for the crypto market, which would receive a flush of new capital as another rate cut further lowers the borrowing cost. 

Crypto prices are already soaring. Altcoins like Sui, XRP and Bittensor are among the top performers, making a strong case for being the best crypto to buy now. 

Best Crypto To Buy Now

In this article, we list the best crypto to buy now that will offer maximum returns in the coming bull market. 

Ethereum (ETH)

The top altcoin continues to be one of the top picks among experts for the best crypto to buy now, especially in the long term. 

For instance, the OG whale who made $200 million shorting the crypto market from the October 10th flash crash has flipped bullish on Ethereum. Data from Arkham Intelligence reveals that the trader has opened a $40 million leveraged long position on ETH, a sign of high bullish conviction. 

ETH’s technicals also paint a bullish picture. Prominent analyst Mister Crypto highlights that the Ethereum price has formed a bullish divergence in the daily timeframe. 

In fact, it has also created a hidden bullish divergence with its on-balance volume (OBV) in the weekly timeframe. 

ETH is currently trading at $2,890 at press time. A monthly close above the $3000 level would invalidate potential bearish scenarios and signal the start of a new uptrend. 

Michael van de Poppe of MN Trading highlights that the ETHBTC trading pair is also on the cusp of a major breakout, signalling that the top altcoin will likely outperform Bitcoin in the coming weeks. 

XRP (XRP)

Top experts are in consensus that XRP will be one of the top-performing crypto assets once the broader market outlook improves. 

Prominent analyst Zayk Charts highlights that the XRP price is bouncing from the lower trendline of a descending broadening wedge, and indicates $3.50 as a realistic short-term price target. 

Meanwhile, Ali Martinez points out that XRP is also trading within a bigger right-angle broadening wedge, which has a macro price target of $7 for this bull cycle. 

After successfully defending the $2 support level last week, XRP has surged by 10%, trading at $2.20 at press time. New spot XRP ETF launches by Bitwise and Canary Funds are also providing a major boost to the token. 

$2 continues to be an excellent entry point for sidelined buyers, as is a breakout from the $2.30 resistance. 

Sui (SUI)

One of the best performers of this bull cycle is finally available to sidelined investors at a low price. 

Sui (SUI) is currently trading at $1.50, over 70% below its all-time high. However, it is now back to its bullish ways, rallying by nearly 12% this week. 

Satoshi Flipper highlights that Sui is on the cusp of a “monster breakout” from a falling wedge, while Crypto Bullet points out that its Relative Strength Index (RSI) is at its most oversold level since 2023 in the daily and 3-day timeframes. 

Ali Martinez also highlights that the Sui price is once again defending its macro ascending support trendline. The last two times it retested this support, $SUI witnessed 450% and 750% rallies, respectively. 

$2.20 is being viewed as a reasonable short-term price target, while $4 is probable in the mid-term. Experts remain confident that Sui will create another all-time high in this bull cycle. 

Bittensor (TAO)

Bittensor (TAO), one of the top DePIN and AI crypto projects, continues to see steady whale demand. 

As per the data from Artemis Analytics, the DePIN sector has seen one of the best performances in this week’s market-wide rally. This clearly highlights that these tokens will be among the top performers once the risk-on sentiment takes hold. 

The TAO price is up by nearly 6% over the past 24 hours. Prominent analyst Captain Faibik highlights that it is on the cusp of a breakout from a multi-week descending trendline, which would result in a 34% rally in the short term. 

In the long term, crypto trader Ray is anticipating a rally to $1000. 

Sidelined investors can wait for a monthly close above the $300 mark, which would be a clear “buy” signal. 

Bitcoin Hyper (HYPER)

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

With utility coins in strong demand, it is no surprise that whales are heavily accumulating new BTC layer-2 coins. Behind a string of high six-figure buys, the HYPER presale has already raised nearly $29 million in early investments. 

A whale wallet recently accumulated $500k worth of HYPER in one transaction, narrowly missing the project’s largest single purchase of $650k.

Layer-2 coins are skyrocketing in market share, with projects like Starknet and zkSync in high demand. It is quite clear that these coins will dominate the headlines once the bull market returns, and Bitcoin Hyper could join the list. 

Experts also project that the new BTC layer-2 scaling solution could become an integral part of the Bitcoin ecosystem. Its high scalability, performance, and programmability allow it to become a hub for the new DeFi apps entering the Bitcoin ecosystem. 

Notably, layer-2 coins often reach multi-billion-dollar valuations during a bull market, which makes low-cap tokens like Bitcoin Hyper one of the best crypto to buy now. Many crypto influencers and smart money investors are already backing it as a potential 10x play. 

Maxi Doge (MAXI)

Maxi Doge (MAXI) rounds out our list of the best crypto to buy. For more options, check out our extended guide. 

As the name suggests, MAXI is a small-cap alternative to Dogecoin, both in size and in spirit. While Dogecoin can offer limited returns due to its large market cap, Maxi Doge is being viewed by meme coin hunters as a potential 100x crypto. 

Unlike Dogecoin, Maxi Doge thrives on absurdist satire. It captures the unfiltered chaos of crypto degen culture through its wild imagery; think shredded doge with bloodshot eyes, fueled by Red Bull, looking to retire by 22. 

This exaggerated persona has struck a chord with meme coin investors, who see in MAXI the same viral potential that made Dogecoin iconic. It’s a visual and cultural inside joke that lands perfectly with the crypto crowd, making it both relatable and ridiculously funny.

Meanwhile, Maxi Doge also outperforms nearly every new meme coin in fundamentals, including lucrative staking rewards, decentralized tokenomics and audited smart contracts. 

MAXI has already raised nearly $5 million in early presale investments, with the early buyers eyeing up to 100x returns from it.