The Altcoin Season Index continues rising this week, hitting a multi-month high of 82 as investors cheer the recent Federal Reserve interest rate cuts. It is also rising in anticipation of the fourth quarter, which is usually the most bullish for the crypto market. This article explores some of the best crypto to buy today for substantial gains.
Best Crypto to Buy Today as the Altcoin Season Index Rises
The best crypto tokens to buy today for big gains as the altcoin season index starts are the likes of Pudgy Pandas, Chainlink, and Morpho.
Pudgy Pandas is a Top Altcoin to Buy
Pudgy Pandas, a new cryptocurrency going viral in Asia, is one of the hottest coins to buy today. Launched on Monday, it has gone viral on most social media platforms in Asia and raised close to $2 million, making it the best-performing presale token in the crypto industry.
Pudgy Pandas has become popular because its name reminds users of Pudgy Penguins and the popular panda animal. Pudgy Penguins has been one of the top drivers of the ongoing altcoin season, jumping by over 600%.
Asian traders believe that Pudgy Pandas will have a better performance than this because of the pandas’ popularity in the region and the fact that it is a highly rare animal. There are fewer than 2000 pandas globally compared to millions of penguins.
Most importantly, buying Pudgy Pandas is seen as a way of helping boost the population over time, as 10% of the tokens have been set aside for its conservation efforts.
With Pudgy Pandas going viral in Asia, there is a likelihood that it will also thrive in the Western markets, such as the United States and Europe, over time. In most cases, themes in the crypto industry start in Asia and then spread globally.
The PANDA token is now trading at a bargain price of $0.02415, and, according to the white paper, is expected to list at a higher price, largely ensuring a good return to the investors. Learn more and buy the $PANDA token here.
Chainlink (LINK)
Chainlink is another top crypto to buy for huge returns during this altcoin season. Its token has already jumped by 146% from its lowest level this year, and its fundamentals and technicals point to more gains.
Chainlink has started the Strategic LINK Reserves, which have attracted over $6.8 million in assets today. A LINK ETF may go public soon, while the US government has already started using the Chainlink network to disseminate data.
Chainlink has also inked more partnerships than most cryptocurrencies, including with the likes of Coinbase, Swift, and JPMorgan. Whales and smart money investors are buying LINK, while its exchange balances are falling.
As the chart below shows, it has formed a cup-and-handle pattern, remained above the 50-day moving average, and formed a bullish flag. Therefore, it will likely have a strong bullish breakout and possibly hit $50 soon.
Morpho (MORPHO)
MORPHO is another good coin to buy this year. It has already jumped by 170% and the ongoing accumulation of smart money investors means that the coin will likely continue doing well in the coming weeks.
Morpho also has strong fundamentals, including its partnership with Coinbase, the biggest crypto exchange in the United States. Its total value locked has jumped to a record high of over $8.36 billion, and it will likely hit $10 billion by the end of the year.
All these factors mean that the Morpho price will likely continue rising as bulls target the next important resistance level at $3.
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