12 Best Crypto to Buy Now in September 2024

With the cryptocurrency markets still in an uncertain position, many crypto investors are wondering if it’s time to sell in order to secure their profits, or continue to hold, or even accumulate, to benefit from a potential price rally that could be in the store in the short to medium term.

Even though the crypto markets have always recovered from their bearish periods so far, every bear market has its “casualties” that never make a strong recovery. Therefore, it’s important to choose quality crypto projects that have a good chance of surviving the bear market and thriving in the future.

We’ve analyzed 200 of the top cryptocurrencies based on their liquidity and availability, technology, sector leadership, tokenomics and more key factors. You can read more about our criteria a bit further down in the article.

By doing so, we’ve narrowed the list down to a dozen cryptocurrencies that present the most compelling opportunities at the moment. The top three coins on our list are updated weekly to reflect the most up-to-date developments in the crypto and blockchain sector.

Examining the best cryptos to buy right now

Let’s start off by highlighting three cryptocurrency projects that have seen important developments recently or have big events coming up in the near future. We update these highlighted coins on a weekly basis to reflect the latest developments in the world of crypto and blockchain.

Before we dive into our list of the best cryptos to buy, we should note that choosing which crypto to buy is only the first step in your crypto investment journey. It’s also important to choose the right platform to buy crypto, and you also have to decide how you will be storing your cryptocurrency.

In our opinion, the best way to invest in crypto is to transfer your coins to a hardware wallet after you buy it on an exchange. A great starting point is to buy cryptocurrency on KuCoin and store it in a Ledger hardware wallet.

1. Bitcoin

Bitcoin is a decentralized peer-to-peer cryptocurrency that was initially described in 2008 and launched in early 2009. Bitcoin was invented by a person using the pseudonym Satoshi Nakamoto, whose real identity is still unknown.

Bitcoin introduced the concept of a blockchain and provides a fully decentralized digital currency that’s extremely secure. It implements Proof-of-Work to make it very difficult to alter the history of transactions or double spend coins. The network is secured by miners, who are rewarded with BTC coins for adding blocks to the Bitcoin blockchain.

BTC can be sent anywhere in the world on a 24/7 basis, and transactions cannot be blocked by any intermediaries. By holding their own private keys, users can self-custody their Bitcoin without requiring institutions such as banks.

Even though countless cryptocurrencies and blockchain platforms have been released after Bitcoin, BTC is still easily the largest cryptocurrency by market capitalization.

Why Bitcoin?

According to data from blockchain analytics platform Santiment, the number of Bitcoin wallets holding 100 BTC ($5.8 million) or more has hit a 17-month high. In total, there are 16,120 wallets that hold at least 100 BTC.

According to data sourced from the Bitcoin blockchain, 283 new wallets crossed the 100 BTC threshold in August alone.

This suggests that even though Bitcoin prices have seen a decline, whales are looking to increase their BTC holdings. Santiment’s analysts noted that wallets that hold between 10 and 10,000 BTC have collectively added 133,000 BTC to their holdings in the month of August. Meanwhile, smaller holders have been reducing their BTC positions.

While whales accumulating BTC could be a positive signal for Bitcoin price action over the medium to long term, it’s worth keeping in mind that September has typically been a down month for Bitcoin. Historically, the price of Bitcoin has seen an average price decline of 6.5% in September.

Meanwhile, October has been historically strong for Bitcoin, as BTC’s average monthly returns during the month are a whopping 23%.

One thing to look out for the Bitcoin market in September is the Federal Reserve’s meeting on September 18. Currently, the markets are expecting the Fed to announce a 0.25% rate cut. A loosening monetary policy is expected to be beneficial for risk assets, and Bitcoin certainly qualifies as one during this point in time.